Current Market Risk, Liquidity, and Bitcoin.

From Greg M

Lions and friends…

The MMRI (Mannarino Market Risk Indicator) has now dropped below 270.

An ENORMOUS amount of debt purchases is fostering the illusion of liquidity which stock investors view as positive. This mechanism is doing exactly what it is meant to do- INFLATE STOCK PRICES. These massive debt purchases, AND I WILL GIVE YOU JUST ONE GUESS AS TO WHO IS BUYING, along with the US dollar index which is also in a tailspin is also stock market positive.

IF this mechanism continues, falling bond yields and a weaker dollar on a relative strength basis, and I believe that it will, I will be getting LONGER this market on ANY DIP which comes along.

In my post market video yesterday, (below), I explained that I was considering pulling profits from my Bitcoin investment. With that, I DID PULL PROFITS yesterday and left my initial investment. (I more than doubled my investment, having bought at just over $17K and selling at just over $38K). REMEMBER THIS! IT IS NEVER EVER WRONG TO PULL PROFITS- AND ANYONE WHO TELLS YOU DIFFERENTLY HAS NO UNDERSTANDING OF INVESTING/TRADING.

With that said, I still firmly believe that Bitcoin is going much higher long term… but expect significant volatility- henceforth why I left my initial investment.

GM