PRE MARKET

Futures down a wee bit. Wild swings past couple of days. That is something to watch…but strength is strength.

I have been asked if I have ever seen this before…to the extent of price, yes. To the extent of no pullbacks, no. Think we are in rarefied air.

Not going to add much here.

As far as bitcoin, not surprised that the “questionable” stocks have been mauled. Most down 50-75% from their froth highs…with one actually still not trading because of concerns by SEC. As far as the price of bitcoin, there is now a bigger picture. By many counts, there are somewhere in the neighborhood of 2,000 coins so as usual, greed turns into stupidity. We will stick with our mantra…no clue how it plays out, just do not be the last one in. We heard a coin called ‘RIPPLE” dropped 70% recently…and we also here liquidity is very thin…so enjoy. Remember, for price to go higher, someone has to pay higher. Also, Venezuela now has a coin to scam the people more…