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The Channel Has Broken 12/22/22

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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?

:huh:

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....

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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

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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?

 

naasdaq.PNG

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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?

:huh:

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. 😉😉

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