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RE: Stocks Getting Crushed On This TEN 10 2018
Apparently markets are down another 3-5% in afterhours trading... tomorrow could be sloppy!
It's interesting that cryptos didn't react, until 5pm PST (several hours after the stocks crashed). Bitcoin fell from 6550 to 6055 in one hour. Steem back to 80c. Cryptocap down to 200B. Fuckin crazy the total value of all cryptos isn't even a quarter trillion?!
& lots of Asian markets dropping big reds, curious to see what the euros do but gotta sleep sometime!
I always keep an eye on crypto prices, but haven’t closely since they’ve been in the 6000-7000 channel
Stocks recovered their overnight losses today, cryptos still flat since the fall last night, PMs moved a bit up today. Might be a dead cat bounce though.
Looks like more of a traditional flight to safety trade today. Gold & silver doing very well, bond yields going down, sending money back to the stocks. An interesting dance going on between the pressure on equities & bond yields