Time to Shift to Bitcoins Yet?
Bill Quick

Tech Sector Leads Broad Market Selloff – WSJ.com

On Thursday, traders were unloading their riskiest stockholdings across the board to gird against potential losses during earnings season, said Ian Winer, director of trading at Wedbush Securities.

“The last thing you need is another blowup up in a stock,” he said. “Guys are totally reassessing what they own, and as a result you’re seeing people take growth stocks off the table.”

Things have been looking sort of toppy for several weeks now. Usually when you see action like this – moves to the upside are slow, choppy, and painful, while downside moves are massive, powerful, and fast, it doesn’t indicate much good for the market.

Of course, wall of worry. So I dunno.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.


Time to Shift to Bitcoins Yet? — 1 Comment