Tesla is an uninvestable stock for me, not just because of its high valuation but also because it fails our fairly basic quality test, which I shamelessly borrowed from Warren Buffett: Would I still buy this stock if right after the purchase the stock market were to close for ten years? If you are a big Tesla car and stock fan, before you start throwing rocks at me, pause and wait till you finish this article – the rocks and I will still be there.
Authord by Lance Roberts via RealInvestmentAdvice.com,
Yes, Virgina, There Is A Santa Claus
Every year, at this time, I republish the story of 8-year Virginia O’Hanlon who asked the most important of questions. I encourage you to read it as it reminds us of the importance, meaning and the “Spirit” of the Christmas season.
* * *
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
One month ago, Citi's credit team laid out its outlook for the coming year in what - in our opinion - was one of the gloomiest reports for the coming year, and included the following fascinating revelation according to which central bankers appears to have lost control: "That seems to be a growing fear among a number of central bankers that we have spoken to recently. In our experience, they too are somewhat baffled by the lack of volatility and concerned about the lack of response to negative headlines....
After bouncing aggressively yesterday, cryptocurrencies are sliding again today with Bitcoin testing back below $13,000, Bitcoin Cash below $3,000, and Ethereum under $700 once again.
image courtesy of CoinTelegraph
Back down...
Bitcoin is back below $13000...though downside volume is notably lower than on Friday...
From Thursday's close, cryptos are now down 15 to 20%...
There is still no obvious catalyst for the moves aside from a growing anxiety that HODLers may be losing faith...