Una lezione dal Bitcoin? (parte 2)

Adesso, sono ...tutti bravi. Leggiamo qualche commento di oggi.

“Remember the bitcoin optimism and certainty when it rose to $19,000 a couple of weeks ago? The price action at that time felt like it could never go down. Much like today’s certainty regarding equity prices,” writes Kevin Muir.

Muir says the S&P 500 has most definitely hit the “just-get-me-in stage” of the rally. When the short-term top finally comes, investors should be ready because it likely won’t “correct by going sideways for a couple of weeks,” he adds, citing one of Wall Street veteran Bob Farrell’s investment rules.

And when a correction does come, “it might be more violent than most expect,” Muir says, in separate comments — but note that he’s not making a secular shift or calling for a new bear market.

Vediamo anche quello che si dice sul ruolo giocato dalle Banche Centrali (leggete a questo proposito il nostro Post che precede questo):

Weighing in a bit more on that relationship between cryptocurrencies and stocks is Joel Kruger, currency strategist at LMAX Exchange. He says one of the “inherent dangers” with the global central bank response to the financial crisis is that it “necessitated the implementation of an aggressive and unprecedented policy, encouraging excessive and reckless investment. “

And the euphoria driving up cryptocurrencies and meltup of global stocks are both direct products of an ongoing, near-decade long monetary-policy experiment, he suggests in emailed comments.

“What’s fascinating, and perhaps ironic, is that crypto has benefited from central bank accommodation, despite being born out of a distrust and rejection of this very institution,” Kruger says.