There is definitely a panic in the market today and you can see simply by putting on Bloomberg, BNN or any business or finance channel on your TV. Today's narrative is simple, foreign government are gonna stop buying up US Debt and propping up markets. Is this story any different than in the past, not really but there is another reason why markets are due for a correction. Probably a correction in the range of 5-10% but the catalyst could be anything at this point.
The markets are definitely in a euphoria as any geopolitical event is short lived in the sense of downdays on the market and every small positive news is 10x.
To clarify:
Bomb threats and possible instability in regions like North Korea but not limiting to that....maybe Dow Jones loses 100 points.
Company announces some sort of minor project involving crypto or blockchain, incredible gains. Gains that would satisfy investors for quite a few years.
Kodak launch the Kodak coin to use on their new platform allowing users to sell and buy pictures using their currency and the stock went up....to say the least
some pretty above average returns....
If Kodak rising 200% in two days isn't delusion, I don't know what is.
Now I am not suggesting that Blockchain is a scam or useless, just stating this is irrational
THIS IS JUST COMMENTARY NOT ADVICE
