Current Affairs Stocks and shares and stuff

[SerenityNigh]

What I didn't realise is that Tesla also seems to make a bunch of money from other car companies buying carbon credits.

Inside the industry: How selling emissions credits helps Tesla grow | Autocar

Tesla made a crucial 7% of its Q2 revenue selling emissions credits to other brands, not all of which are forthcoming

www.autocar.co.uk

what laughable bs

 

[degsy]

Well, a good contrast is someone mentioned upthread in Warren Buffett, who is known to buy good businesses and leave them alone, unless they need new leadership in which case he appoints a good leader and leaves them alone.

Leaving alone is easy, its the judging the leadership is the hard part

 

[evilwebby]

I dunno what happened to the crypto thread on the Ale House..
Anyway, the cryptos have been getting pummelled since friday. ETH is now down -69% from peak. BTC down -58%

There's not much support for BTC all the way down to 20k

 

[DuuuncanHadaPigeon]

I dunno what happened to the crypto thread on the Ale House..
Anyway, the cryptos have been getting pummelled since friday. ETH is now down -69% from peak. BTC down -58%

There's not much support for BTC all the way down to 20k

BTC will bottom out around $10k. Greyscale premium at all time low, plenty more pain to come.

 

[Bruce Wayne]

I dunno what happened to the crypto thread on the Ale House..
Anyway, the cryptos have been getting pummelled since friday. ETH is now down -69% from peak. BTC down -58%

There's not much support for BTC all the way down to 20k

Is it still largely mirroring tech stocks in general?

 

[JimmyJeffers]

I dunno what happened to the crypto thread on the Ale House..
Anyway, the cryptos have been getting pummelled since friday. ETH is now down -69% from peak. BTC down -58%

There's not much support for BTC all the way down to 20k

Still there.

https://www.grandoldteam.com/forum/threads/crypto-currency-if-banned-from-ca.112633/page-161#post-9694914

Careful though.

 

[evilwebby]

cheers.
As cryptos have basically become a speculative risk-on asset it will be interesting to see what markets do when they reopen this week, especially Nasdaq.

The PPT has been desperately defending the -20% level on the S&P that would take us into an official bear market, but I think if that gets taken out decisively then it could collapse another -10% quite quickly. There is no real support for the S&P all the way down to about 3500

 

[nosejam]

cheers.
As cryptos have basically become a speculative risk-on asset it will be interesting to see what markets do when they reopen this week, especially Nasdaq.

The PPT has been desperately defending the -20% level on the S&P that would take us into an official bear market, but I think if that gets taken out decisively then it could collapse another -10% quite quickly. There is no real support for the S&P all the way down to about 3500

The fact I even know what the plunge protection team is should raise alarm bells.

 

[LinekersLegs]

 

[LinekersLegs]

Bonds haven’t provided much of a hiding place either

 

[riddick]

Who knew that a pandemic that ravaged a country along with, oh, about $5trillion given to corporations would result in an inevitable crash?

 

[LinekersLegs]

 

[evilwebby]

OK, looks like the S&P is finally gonna crack the -20% bear market barrier decisively.
As I said, there's not an awful lot of support now until 3400-3500

 

[LinekersLegs]

 

[LinekersLegs]