We all know that trying to time the market is nearly impossible. But that doesn’t mean we don’t gripe when we realize we ignored the fundamentals and missed out on a major upswing.
Six years ago this week, the question heading Nouriel Roubini’s Forbes column — and on the mind of virtually every investor — was “How Low Can The Stock Market Go?”
You all remember it. On March 9, 2009, the S&P 500 fell below 700 for the first time in 13 years. Goldman Sachs published a research report warning that it could fall as low as 400, and mattresses all over America reclaimed the role of safe haven. But today, anyone who pulled out their cash in a panic is kicking themselves. That day the U.S. equities markets closed at a new low.
Bitcoin’s volume-weighted price on the Bitstamp exchange fell 20% in December. Year-to-date, bitcoin is off 57%. Below we provide a debrief of the Bitstamp situation, a thought piece on paper monies versus bitcoin, some interesting numbers about mining power, and a bitcoin price analysis. 12/31/14 Price Change Month -20% Year-to-Date -57% Year-over-Year Return 0.4x Source: Read More