Paul Mitchell @Retrosupply: "Stocks, gold, USD, crypto all..."

United Kingdom

Edited

Stocks, gold, USD, crypto all up today. I sound like an old crank when I say this isn't good news. It seems good but its looking more like an over pumped market than a healthy one. We have money piling into US stocks as well as safety of gold, and its not the effects of a falling USD, as might be expected, as this is up also! On top of that, European banks are today having a bit of a sell off as a pivot away from a more sensible sector. FOMO has gripped the market and people are worried about losing money by not being invested more than they are worried about potential falls. I'm not saying it's going to turn around, I actually don't see a trigger for this if having US government shut down isn't enough. This also seems to be the consensus to push prices further today. There just is a lot of people willing to ride this further as no company reports this week, or obvious bad news on immediate horizon. So what's the answer? For me it's to cover the scenario of this continuing for now, as well as scenario of it suddenly not continuing. Its not wise to bet against a market you think is 'wrong', but to hedge and be prepared is sensible. $BTC $USDOLLAR $SPX500 $NSDQ100

4 Mentioned

BTC

Bitcoin

USDOLLAR

SPX500

NSDQ100

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