Update: Bitcon vs. Stocks, Tesla El Camino?
On September 26 we showed what seems to be an established correlation of the bitcon [sic] leading stocks:
Today we offer this 3-month look at bitcoin vs. the DJIA:
As can be seen, stocks dropped in early October, shortly after we posted the observation above.
Bitcoin then recovered dramatically, as did stocks.
Since early November though, bitcoin's been tanking, offering a compelling non-confirmation that, if history is any indicator, will soon resolve.
That would mean stocks drop significantly, soon.
It's different this time? Perhaps, but that's never how smart money bets because...
History repeats.
Speaking of cons, enjoy fresh Tesla hilarity via this 1-minute video on YouTube.
The video is from a big event Tesla held yesterday, and in this segment Elon Musk was bragging about the "unbreakable" glass (which must be to trap people inside in case of an accident).
Tesla stock is down over $20, nearly 6%, today because of it.
In case you're wondering, that thing is the new Tesla pickup truck they'll (supposedly) soon produce, which the company forecasts will be a big hit with consumers.
Looks familiar?
Wikipedia: Chevrolet El Camino is a vehicle that was produced between 1959–60 and 1964–1987. Unlike a pickup truck, the El Camino was adapted from a two-door station wagon platform that integrated the cab and cargo bed into the body.
It was a laughing stock and commercial flop.
History repeats.
We are comfortably triple-short Tesla.
Today we offer this 3-month look at bitcoin vs. the DJIA:
As can be seen, stocks dropped in early October, shortly after we posted the observation above.
Bitcoin then recovered dramatically, as did stocks.
Since early November though, bitcoin's been tanking, offering a compelling non-confirmation that, if history is any indicator, will soon resolve.
That would mean stocks drop significantly, soon.
It's different this time? Perhaps, but that's never how smart money bets because...
History repeats.
Speaking of cons, enjoy fresh Tesla hilarity via this 1-minute video on YouTube.
The video is from a big event Tesla held yesterday, and in this segment Elon Musk was bragging about the "unbreakable" glass (which must be to trap people inside in case of an accident).
Tesla stock is down over $20, nearly 6%, today because of it.
In case you're wondering, that thing is the new Tesla pickup truck they'll (supposedly) soon produce, which the company forecasts will be a big hit with consumers.
Looks familiar?
Wikipedia: Chevrolet El Camino is a vehicle that was produced between 1959–60 and 1964–1987. Unlike a pickup truck, the El Camino was adapted from a two-door station wagon platform that integrated the cab and cargo bed into the body.
It was a laughing stock and commercial flop.
History repeats.
We are comfortably triple-short Tesla.
posted by C. Guinness @ 1:17 PM
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