Just for fun, today I'm introducing HARIX the Hellasious Appetite for Risk Index. (It's pronounced hairy-x, for obvious reasons.. har, har, har:)
In a totally unscientific and arbitrary (-ish) way, it is calculated as the sum of the capitalizations of Bitcoin, Tesla and GameStop. Below is a chart tracking it from 1/1/20 to today.
The Hairy Ride Of HARIX Up... And Maybe All The Way Down?
HARIX rose almost tenfold within just a year from 1/1/20, and has now corrected 40% from the top.
BUT!! It is still up 550% from when its wild ride started in 2020. My opinion? Don't go bargain hunting, don't attempt to catch a falling knife.
Also... here's a recent ad from one of the world's premier yacht brokers:
Spend your Crypto on Superyachts!
You can now secure charter bookings and purchase vessels in our fleet using Crypto currency.
To which I counter with....
cool man! ... btw, is there a chance that is everything crashes, Musk might end up the poorest man in history... as in a negative billionaire...
ReplyDeletewet dreams of a financial nerd eh... =)
He has margined his Tesla stock holdings to raise cash to buy Twitter. So... yeah he could. He must already be receiving margin calls.
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