That Was Quite a Week

November 9, 2024

Last week, I asked the following question: How will a Trump Landslide victory impact the markets? Last week, the media said that the race was close.  I didn’t believe that nonsense, and I was correct. (This is a good time for self-reflection.  If you thought there was a chance that Harris would win, you should […]

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How will a Trump Landslide Victory Impact the Markets?

November 2, 2024

I know the media says the election is “too close to call,” but from my point of view in Canada, it appears that Trump is headed to a big win.  Why? Because, for the average American, the economy sucks.  That’s it.  It’s that simple. Yes, I know, the stock market is at record highs, and […]

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MicroStrategy’s Stock Soars: Outpacing Bitcoin’s Gains by a Wide Margin

October 26, 2024

Two weeks ago, I posted on the topic Microstrategy Decouples from Bitcoin, but for How Long?  I noted that while the share price of MSTR—Microstrategy Inc. was closely correlated to the price of Bitcoin earlier in the year, a de-coupling occurred in late September, and since then MSTR has gained a lot more than Bitcoin. […]

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Microstrategy Decouples from Bitcoin, but for How Long?

October 12, 2024

Here’s the chart of MSTR—Microstrategy Inc. As you can see, for the first part of the chart Bitcoin (the red line) and MSTR are highly correlated. But at the end of February, 2024 Bitcoin began trading in a range of around $58,000 USD, and it’s stayed there ever since, while Microstrategy has been much more […]

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Bitcoin Melt Up or Crash?

October 5, 2024

The price of Bitcoin today (depending on when you are reading this) is the same as it was at the end of February 2024.  Bitcoin was up 180% from the middle of October 2023 to the middle of March 2024, but after that massive bull run, nothing. Flat. There are two interpretations of that performance: […]

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Inflation is Always and Everywhere a Monetary Phenomenon

August 31, 2024

To paraphrase Milton Friedman, if you print a lot of money, inflation goes up. The money supply (M2) growth in Canada peaked at 14.3% in February 2021 and steadily dropped until it hit a growth rate of “only” 1.6% in June 2023.  Since then, M2 has increased, and in June 2024, the annual growth rate […]

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Once Again, I blew it on Microstrategy

August 24, 2024

I have a long history of doing covered-writes on MSTR—Microstrategy Inc. The concept is simple: I sell out-of-the-money call options, and on their expiration date, they expire, and I pocket the premium. Simple. Except it’s not so simple with Microstrategy. On Tuesday, August 20, with MSTR trading at around $140, I sold calls with a strike price […]

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Nothing to Report

August 11, 2024

I have nothing to report, because nothing is happening. Yet. It appears obvious that we are in a recession.  Unemployment is increasing, inflation has fallen but remains high, and the Fed will be cutting interest rates next month. And yet, the markets are hanging in there. I have no idea what that means, so I’m […]

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Bitcoin and MSTR: That Took a Surprising Turn

July 20, 2024

As I write this just after 6:00 am on Saturday July 20, Bitcoin is up almost 7% in the last five days.  Why? Trump. He is now pro-crypto, and his VP pick has owned Bitcoin for many years, so that looks good for the future. The other reason is Trump.  If he wins, he will […]

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Microstrategy Update

July 13, 2024

As I have documented many times on this silly little blog, I have a position in MSTR—Miscrostrategy Inc.  It’s a Bitcoin investment on steroids, which is great when Bitcoin goes up, but not great when it goes down.  I consider MSTR to be a medium term hold, meaning I have no plans to sell it anytime soon. […]

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