Brangus
Well-known member
- Joined
- Apr 13, 2011
- Messages
- 2,701
- Reaction score
- 285
Man I've been listening to a lot of talking heads the last few days. They are all over the place on whether the market has another leg down to go. I'm about to start DCA'ing on some of these "bargains". I presume they'll be going sideways at best for a while. If they take another leg down I guess I'll just be lowering my overall basis as we go.
Also, for all crypto has fallen since November, measured from the last massive dump of all asset classes in March of 2020 BTC and ETH have vastly outperformed all the stock indices. Either portends a whole lot more pain still to come or that the adoption and growth of the space overall warrants the outcome.
Finally, Powell telling the banking committee today he wants to get inflation back to 2% seems really far-fetched anytime soon.
The 2% goal isn't realistic. If inflation is cut in half (to around 4%) that would be a huge win.