Leverage, Margin, Cryptos Crashing

[jazz]

Wonder how many of these "woke" investments are in that situation. No profits and non coming anytime soon.

Rivian, the next Tesla has a valuation larger than GM and zero revenue.

Musk firesaled Tesla at the top. He and his brother have sold close to 10B worth of stock in the past month. Says his SpaceX fantasy is close to bankruptcy as well.

Its all rampant speculation based on nothing.

[sumdumguy]

CDN $ 128.5 Time to convert from US to CDN?

[TASFarms]

I did, went back into a more defensive positions this week. The US economy seems risky now, I was heavily in there during covid.

Bought Canadian banks, utilities, insurers, energy, etc. Companies with reliable dividends and pricing power. Canada will be the first to raise rates in about 5 months time so my banker told me.

Did you pick any oil producers? Most are still way below 2014 levels

[jazz]

CDN $ 128.5 Time to convert from US to CDN?

In another time, Canada would be poised for a resource boom and that would lift the loon, but we have commies in charge now who have gutted every sector and a debt overhang reminiscent of 1996 when we almost defaulted.

I still think the loon is a bad bet. In bad times, people will flock to the USD.

[jazz]

Did you pick any oil producers? Most are still way below 2014 levels

The ETFs I have hold Canadian Natural and I own Cenovus separately. Thats it.

Many of those stocks are pariahs now, so I dont know how much capital will come back into them. Sort of like cigarette companies now.

[farmboy44]

The ETFs I have hold Canadian Natural and I own Cenovus separately. Thats it.

Many of those stocks are pariahs now, so I dont know how much capital will come back into them. Sort of like cigarette companies now.

REITs are a low risk hold now IMO

[wheatking16]

I dont think of crypto as a proxy for anything except clueless mania.

But stock margins are high as well, people are all in especially the unicorn crowd...cough Tesla, ARKK

I have rotated my stock portfolio back into seasoned monopoly dividend payers mostly in Canada.

Playing defense now.

I look for crypto proxies to lead Bitcoin which in turn leads the stock market.

It is interesting how often it happens.

[TOM4CWB]

jazz; Rivian, the next Tesla has a valuation larger than GM and zero revenue.

Musk firesaled Tesla at the top. He and his brother have sold close to 10B worth of stock in the past month. Says his SpaceX fantasy is close to bankruptcy as well.

Its all rampant speculation based on nothing."

Talking about Musk and Tesla...

"The Independent
Elon Musk says Trump, Biden and anyone over 70 should be banned from running for office

Andrew Naughtie
Fri, December 3, 2021, 7:55 AM
SpaceX and Tesla founder Elon Musk has a radical suggestion for the future of American politics: enforcing an age threshold beyond which candidates cannot stand for public office.

In a tweet on Thursday, the ultra-wealthy silicon valley entrepreneur wrote: “Let’s set an age limit after which you can’t run for political office, perhaps a number just below 70.”

It is unclear exactly what prompted his message, though he recently found himself in a spat with 80-year-old Bernie Sanders – a leading proponent of corporation and wealth taxes that would presumably hit Mr Musk and his empire hard.

“I keep forgetting that you’re still alive,” Mr Musk tweeted at the Vermont senator, whom he called “a taker, not a maker”.

The implications of an ageing political elite are a major talking point on the American right, specifically with reference to 79-year-old Joe Biden – aka “sleepy Joe”, as many Republicans call him.

Mr Biden’s speech patterns and supposed forgetfulness have been caricatured and falsely exaggerated many times to make him appear senile and unfit – even though he is only a few years older than Donald Trump, who at the time of his inauguration was the oldest US president to be sworn in. Should Mr Trump be reinstated after the next election, he will be as old as Mr Biden was at his inauguration in 2021.


Let’s set an age limit after which you can’t run for political office, perhaps a number just below 70 …

— Elon Musk (@elonmusk) December 2, 2021


I keep forgetting that you’re still alive

— Elon Musk (@elonmusk) November 14, 2021

While the US sets a minimum age for those running for Congress or the presidency, there is no maximum, and many senators are still working in the chamber well into their eighties and even beyond. The oldest sitting senator, 88-year-old Dianne Feinstein, has not yet said whether she will run for another six-year-term in 2024; the second-oldest, the only slightly younger Chuck Grassley, is running for re-election in 2022. Should he be re-elected, he will be 95 by the end of his next term.

Mr Musk, who currently ranks as the world’s richest man, is known for tweeting out spontaneous outbursts and grandiose pronouncements that have often landed him in trouble.

Most notoriously, he was sued for defamation after labelling a British cave diver “pedo guy”, though he ultimately won that case. More recently, he lost more than $50bn in two days after instigating a Twitter poll on whether or not to sell 10 per cent of his Tesla shares. However, he remains ahead of Amazon chief Jeff Bezos in the billionaires’ league with a net wealth of around $323bn."

Musk for US President!!! Grin

[TOM4CWB]

You Musk fans better do a bit of research, he has an agenda.
This article might open some eyes. Lots of similarities to what’s going on, those in favor (wealthy) will be at the top of this pyramid scam.

It’s not about a virus people!!

A couple excerpts…

“ In a speech to an American audience in 1963, Howard Scott, the founder and leader of Technocracy Incorporated, declared that “as far as Technocracy’s ideas are concerned, we’re so far left that we make communism look bourgeois.””


“ Technocracy’s plan was to replace the price system with a system based on energy. In the 1920s, Scott and his colleagues began a hugely ambitious program called the Energy Survey of North America. The idea was to establish a value for all the goods and services produced on the continent, not by measuring how much labour was expended or how much money was spent, but on the amount of energy used to produce them.

They would then divide the total amount of energy used by the number of citizens in the Technate over the age of 25, and issue each of those citizens an equal number of Energy Certificates, whether they were employed or not. These certificates would be the Technate’s currency.”




https://newsinteractives.cbc.ca/long...ated-elon-musk

Great you guys ‘figured out’ Musk is a big booster of Climate Change!!!

Grin! Merry Christmas! All the best for 2022!!!

Cheers

[hobbyfrmr]

Bitcoin is on sale. Buy the dips.
The volatility can be profitable.
Where else can you make 10% per month on volatility?
Its a wild ride.