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Totally agree with you. Terry Smith is my favourite fund manager. Although I've just tripled my money on Glencore. 5 year trade but hey ho....

Equities, bonds, commodities? Sent from my iPad using Tapatalk

100% agree. No one has a clue. There is no fundamental reason to invest in this at all, it’s momentum and technicals. You may get lucky but without a solid macroeconomic reason, it’s more luck than judgement. Sent from my iPad using Tapatalk

Love charts - you can get them to say whatever you want them to. Same as all data really…. Sent from my iPad using Tapatalk

As someone who works in the Front Office in the financial markets I've resisted commenting on this thread for a long time, But that is absolute nonsense. Apple, Amazon and Tesla trade on fundamentals, you may not agree with them but they have valuations derived from a fundamental opinion...

My XBTUSD GP Bloomberg screen for 2021 looks like Bart Simpson's head.

How on earth have you managed to keep sane? Us analysts.....:)

Yep - just because markets go down, doesn't mean traders don't make money. Those bid/offers in 2008....

I'm not going to get bogged down in a debate on this as you clearly have an entrenched view. From someone who works in the front office of an investment management firm and has been in the market for over 20 years, I will stick to my view that what you are saying above is fundamentally...

Wrong. Traders and investors do exactly the same thing. Both mark to market and take a view based on time horizons. Some may hedge themselves synthetically if there is liquidity to do so but fundamentals of investing are exactly the same whatever you buy or sell. It either goes up or it goes...

If you bought before the beginning of this year I would hope you are. It would take quite a lot of skill not to be. But looking at the GPW chart on my Bloomberg screen its all looking a bit different now.

You don't mtm then?

In the investment world in which I work that's called "scaling in". And its a standard joke because everyone knows it means you've lost money.

Amen to that. As someone who has worked in the financial markets for 30 years, it amuses me too. You can argue about technicals all you like but the drivers of this market are so flimsy and the vol so high its like betting on the 330 at Kempton.....

Eh? Vol is vol no matter what market you are in. Look at the VIX.... Sent from my iPad using Tapatalk

When isn’t the market volatile? Sent from my iPad using Tapatalk

I think you've got a very long way to go with that view... Are you Cathie Wood?

Way too short a timeframe. Not disagreeing with the sentiment btw.

Regulation is always needed in a market where products are traded....

Its not a bull or bear market. that is a long term definition Its just a market where no one has a clue what's going on.