Crypto crashes (again)
While investors focus on the losses that are piling up in the stock market, the cryptocurrency space has suffered far more. The bears say it has further to go, but that may depend on what happens to stocks. Bitcoin, the grand daddy of crypto currencies, is trading around $38,400 per coin as of January 25,…
By Bill Schmick
January 27, 2022
The ‘Fed put’ is dead
“Is this it? Is this the start of a 10-15 percent correction?” asked Dana, a client of mine. At the time of the question, the S&P 500 was down just about 5 percent from its recent high. Trying to sound empathetic and not cavalier, I shrugged and said, “Maybe.” I gave her the stats —…
By Allen Harris
January 24, 2022