fxfox Posted December 22, 2022 Report Share Posted December 22, 2022 That was a very weird day. Link to comment Share on other sites More sharing options...
fxfox Posted December 22, 2022 Report Share Posted December 22, 2022 Amazing dot bomb is a bloated pig which has a revenue of 500 billion and earnings of 10 billion. That are classic retail figures, not even good ones. Yet this pig on steroids is priced like from outter space. Link to comment Share on other sites More sharing options...
Jimi Posted December 22, 2022 Report Share Posted December 22, 2022 So, as I alluded to earlier, I have an update. Something really weird happened yesterday. "What happened, man?!" These all came to market in the past 24 hours, in no particular order: https://www.redfin.com/CA/Junction-City/521-River-Acres-96048/home/124454863 https://www.redfin.com/CA/Willow-Creek/203acre-Creeks-Rd-95573/home/183488012 https://www.redfin.com/CA/Hayfork/2220-Post-Mountain-Rd-96041/home/124468608 https://www.redfin.com/CA/Willow-Creek/12229-Fs-Route-1-95573/home/183488009 https://www.redfin.com/CA/Weaverville/35970-CA-3-96093/home/124385958#marketing-remarks-scroll https://www.redfin.com/CA/Hayfork/8021-Rattlesnake-Rd-96041/home/124440038#marketing-remarks-scroll https://www.redfin.com/CA/Myers-Flat/0-Dyerville-Loop-Rd-95554/home/183488000#marketing-remarks-scroll https://www.redfin.com/CA/Hayfork/48-Rocky-Rd-96041/home/124456609 https://www.redfin.com/CA/Hayfork/4911-Summit-Creek-Rd-96041/home/124422171 https://www.redfin.com/CA/Hayfork/140-Demos-Ct-96041/home/124413312#marketing-remarks-scroll Boom!!! Each of these NorCal properties - with their watertanks, PVC fittings, greenhouses, and roundhenges - strikes me as having recently served as pot farms. I may mistakenly have falsely included one here or there... but I don't think so. It is as if a bunch of cultivators had set up relationships with listing agents and were awaiting the "Go!!" signal... on a freaking Tuesday... so that... they could list their places immediately on Wednesday...? As if they wanted to get out NOW and get out ahead of others... before some flood? Very odd. What could have been the signal? Well, I think it was the $1.7 trillion federal spending bill... and specifically, what was not in it: Quote New cannabis banking rules: Lawmakers considered including a provision in the spending bill that would make it easier for licensed cannabis businesses to accept credit cards – but it was left out of the legislation. Known as the Safe Banking Act, which previously passed the House, the provision would prohibit federal regulators from taking punitive measures against banks for providing services to legitimate cannabis businesses. Even though 47 states have legalized some form of marijuana, cannabis remains illegal on the federal level. That means financial institutions providing banking services to cannabis businesses are subject to criminal prosecution – leaving many legal growers and sellers locked out of the banking system. https://www.cnn.com/2022/12/20/politics/spending-bill-congress-omnibus/index.html Okay... so, it would appear that a bunch of farmers want out of the cash-business. The listings in the first 24 hours are likely the tip of an iceberg, since federal reform is now frozen for the next two harvests, given GOP control of the House. Supply in this sector is about to escalate, methinks.... 1 Link to comment Share on other sites More sharing options...
SiP Posted December 22, 2022 Report Share Posted December 22, 2022 If an investor from 1980 moved back in time to 2022 and heard that strong data from the economy was plunging the markets he couldn't make sense of it. 1 Link to comment Share on other sites More sharing options...
SiP Posted December 22, 2022 Report Share Posted December 22, 2022 7 hours ago, DrStool said: I'm headed out for a trip to Lyon for the holidays. Will check in later if possible. If I don't see you before the weak end, have great holidays! Joyeux Noel and Hag Sameach! 🎅🏿 🎄 🕎 Wesołych Świąt / Joyeux Noel / feliz navidad 1 Link to comment Share on other sites More sharing options...
SiP Posted December 23, 2022 Report Share Posted December 23, 2022 the battle of 11.000 on Nasdaq 100 50/50 SMA/EMA on monthly - still no close since 2009 below this movin avg. If this is real thing they need to close the month significantly below 11.000. That would be a change since 2009. QTs, Covid, EMU crisis, Fed rates and many other things didnt stop NQ from going up. Is this different this time? 1 Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2022 Author Report Share Posted December 23, 2022 13 hours ago, Jimi said: So, as I alluded to earlier, I have an update. Something really weird happened yesterday. "What happened, man?!" These all came to market in the past 24 hours, in no particular order: https://www.redfin.com/CA/Junction-City/521-River-Acres-96048/home/124454863 https://www.redfin.com/CA/Willow-Creek/203acre-Creeks-Rd-95573/home/183488012 https://www.redfin.com/CA/Hayfork/2220-Post-Mountain-Rd-96041/home/124468608 https://www.redfin.com/CA/Willow-Creek/12229-Fs-Route-1-95573/home/183488009 https://www.redfin.com/CA/Weaverville/35970-CA-3-96093/home/124385958#marketing-remarks-scroll https://www.redfin.com/CA/Hayfork/8021-Rattlesnake-Rd-96041/home/124440038#marketing-remarks-scroll https://www.redfin.com/CA/Myers-Flat/0-Dyerville-Loop-Rd-95554/home/183488000#marketing-remarks-scroll https://www.redfin.com/CA/Hayfork/48-Rocky-Rd-96041/home/124456609 https://www.redfin.com/CA/Hayfork/4911-Summit-Creek-Rd-96041/home/124422171 https://www.redfin.com/CA/Hayfork/140-Demos-Ct-96041/home/124413312#marketing-remarks-scroll Boom!!! Each of these NorCal properties - with their watertanks, PVC fittings, greenhouses, and roundhenges - strikes me as having recently served as pot farms. I may mistakenly have falsely included one here or there... but I don't think so. It is as if a bunch of cultivators had set up relationships with listing agents and were awaiting the "Go!!" signal... on a freaking Tuesday... so that... they could list their places immediately on Wednesday...? As if they wanted to get out NOW and get out ahead of others... before some flood? Very odd. What could have been the signal? Well, I think it was the $1.7 trillion federal spending bill... and specifically, what was not in it: https://www.cnn.com/2022/12/20/politics/spending-bill-congress-omnibus/index.html Okay... so, it would appear that a bunch of farmers want out of the cash-business. The listings in the first 24 hours are likely the tip of an iceberg, since federal reform is now frozen for the next two harvests, given GOP control of the House. Supply in this sector is about to escalate, methinks.... Or one owner of many properties. 😉😉 1 Link to comment Share on other sites More sharing options...
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