We have called the stock market a "Candy land" of sorts lately protected by a benevolent Fed Chairman, Jay Powell, and the Federal reserve with a somewhat compassionate view to the unemployed masses. Their plan is to wait until inflation shows a sustained increase that would require raising interest rates to the public in buying automobiles and homes and credit cards, etc. Not everyone is sure that the Fed stance is going to play out but the market is saying "whatever" - it's a Candy land market.
Stock Talk
This does not mean to say that all stocks are flying higher but for now, the previous take down on growth stocks like tech stocks seems to have let up.
Meanwhile, the Crypto CRAZE is really picking up steam with the Coinbase IPO debut happening tomorrow under symbol COIN. [update 4/14] The "reference price" is $250 / now indicated opening at $350.
I will say.. it feels like tomorrow's market is very unpredictable, especially in the " Crypto" based stocks.
I won't even try to predict how the market will trade the miners and other exchange related issues. Right now, Bitcoin and Ethereum are at peak prices. Some say they are going even higher. On the other hand after the COIN IPO settles down we may see the crypto coins settle down as well.
In one way, if Crypto goes too high, it seems like the government may want to cool off what they see as a threat to centralized power. If the US decides to cool it off, they likely can just by cleverly guarded warnings of pending actions under consideration.
Will they? I don't know. It's Candy land. A place where many ignore warnings and cautions and trade the day.
These are a few stocks I will be watching to see what happens tomorrow. But "watching" makes it hard not to get caught up in the Crypto hype.
If I see what looks like an interesting buy in, maybe I will buy - just ONE or maybe two- COIN shares.
To me , at the moment the following are interesting watch stocks to see how they trade.
COIN, MARA, RIOT, CAN, EBON, CLSK ?
Keep an eye on them like little boats in a sea of Crypto mania. Not saying to buy or sell any. I don't know. Maybe for us little people - just one or two shares of COIN if not too high above the start? That is a question - not a statement of advice. see how it opens first.
- keep some Dry Powder $ .
- some say buy some Bitcoin or Ethereum. But is this the peak range? whoNose?NotMe.
- The smart way may be to $ cost average into Crypto in small portions - if starting to think Bitcoin and Ethereum is wave into the future. "If".
ALL in my humble opinion, scroll down and read more..This site does NOT make Buy / Sell recommendations.
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