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sebastoro (26.80)

WE SALUTE ANOTHER MEGA BUBBLE: BITCOIN 750 usd

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November 18, 2013 – Comments (3)

Sebastian Toro

Another proof of this bubble economy we are living today thanks to the FED and the others central Banks inyecting money like crazy just to make people believe that the economy is fine, but they are afraid of stop and see the house of cards goes down....the bubble pop....and the truth to be told.

 

BITCOIN today hits the 750 mark.

Now a Bitcoin its more valuable that a Stock of $AAPL or $CMG ... Now you can buy 2 $AMZN stocks with one Bitcoin.

 I dont know where this is going.... 1000 usd? 2000 usd??? but i know that this bubble wil pop and when it does be ready to see the Price with one or just two digits again.

But dont worry because Ms QEeen Yellen see no bubbles!

 Tulipmania 2.0

 

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999.

Will the bubble somehow burst, and then we enter depression?

Well, some things are not different.
Jeffrey Sachs

3 Comments – Post Your Own

#1) On November 18, 2013 at 7:18 PM, awallejr (85.46) wrote:

What the heck are you talking about?  What loonies want to pay for bitcoins will have a ZERO impact on the US recovery.  To even suggest we would enter a depression over the potential collapse in the price of bitcoins is, to be blunt, asinine.

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#2) On November 19, 2013 at 4:49 PM, sebastoro (26.80) wrote:

Bitcoin wont have an impact in the US recovery or next crisis...

Bitcoin its a 7 billion dollar market.... so i think you are missing or confusing the point.

 

Bitcoin is just one of the many bubbles that we see today..

But the housing bubble is coming again... the treasury bubble....and a lot of sectors of the stock market....

 The FED has inyected 4 trillion dollars in a economy with a GDP of 15 Trillion dollars.... thats 25% of the GDP!!! thats the real problem

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#3) On November 19, 2013 at 6:42 PM, awallejr (85.46) wrote:

Well then we can agree to disagree.  I would be concerned with the FED's balance only if we have serious inflation.  And we don't.  The paper they buy self liquidates over time and that is how they unwind it.  Slowly.

There is no housing bubble coming.  Banks have made it extremely hard for people to get mortgages.  I know.  I am in the business.  And as for stocks, while some are over priced we are still at a historically low P/E.  Go buy XRX which I touted for years.  AINV too.  Tons of others.  The sky is not falling.

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