Business

While the establishment including various central banks, China (which has a "modest" capital flight problem), commercial banks such as JPM and especially its CEO Jamie Dimon who called Bitcoin a 'fraud" similar to the tulip bubble of the 17th century, have come out as harsh opponents of cryptocurrencies, some notable "minority oppinions" have emerged in recent days, such as Morgan Stanley's CEO, James Gorman, who yesterday suggested that Dimon is wrong and that "Bitcoin is certainly more than a fad... the concept of an anonymous currency is an interesting concept."

Authored by Nick Cunningham via OilPrice.com,

Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given a jolt of optimism to oil prices, with market sentiment at its most positive arguably in years.

Authored by Doug Kass via RealInvestmentAdvice.com,

“‘A bull market is like sex. It feels best just before it ends.'” – Warren Buffett

Excuse me for being redundant, but the following Jim Rogers quote that I posted yesterday underscores Mark Twain’s famous quote that “history doesn’t repeat itself, but it often rhymes”:

Back in the summer of 2012, we had some fun when we reported that Whitney Tilson - the consummate, if always late immitator of other prominent investors especially Warren Buffett and Bill Ackman - following several years of abysmal returns, closed his then-hedge fund T2 (with Glenn Tongue), splitting off into his own, oddly-named venture, Kase Capital. Well, Whitney - who in recent years was better known for his bizarre family photos from Africa than managing money- has done it again and according to the WSJ, Tilson closed his hedge fund...

The Nasdaq 100 and Nasdaq Composite index both remain in solid rising trends (Bull Markets), Nothing of late has changed the long-term trend!

Below looks at the Nasdaq ETF QQQ over the past few years and highlights some short-term price action that could become concerning to Tech bulls.