Mad Hedge Hot Tips
November 15, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Bitcoin Crashes, plunging to $5,433, down 10%, crushing five-month support. It’s all blamed on a software upgrade. Yah, sure. I told you it was a Ponzi scheme! Click here.
2) Oil Crashes Too, hitting a lowly $55 a barrel. Are all these crashes telling us we are already in a recession, or is it just the Fed’s shrinkage of the money supply? Click here.
3) The British Government is on the Verge of Collapse, taking the stuffing out of the pound. A new election is now possible. I never thought Brexit would happen. It would mean Britain committing economic suicide. Click here.
4) US Retails Sales Soar, in October, up a red hot 0.8% versus 0.5% expected. Don’t tell the stock market or oil which think we are already in recession. Click here.
5) PG&E May go Bankrupt in the Aftermath of the California Wildfires. If their downed wires get blamed for the cause, the Golden State’s largest public utility will have to declare chapter 11….for the second time. Thank goodness, I went all solar a year ago. The electricity price hikes to cover this cost are going to be enormous. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(ARE YOU IN THE 1%?)
(SNE), (HMC)
(DUMPING THE OLD ASSET ALLOCATION RULES)
(AVOID THE HOUSING DATABASE LANDMINES)
(Z), (RDFN)
