The Wolf Of All Streets BITCOIN COLLAPSES! $11 TRILLION ERASED | GLOBAL FINANCIAL CRISIS COMING? | BLACK MACRO MONDAY
Apr 7, 2025
In this discussion, guests Dave Weisberger, a market structure expert, Mike McGlone, a senior commodity strategist at Bloomberg, and macro strategist James Lavish dive into the recent volatility of Bitcoin and U.S. equities. They analyze the potential for a financial crisis, explore the bureaucratic hurdles affecting economic growth, and dissect the intricate relationship between Bitcoin and traditional markets. Trading strategies amidst this chaos are shared, along with insights on global trade dynamics and the urgent need for adaptive investments.
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Overvalued Market
- The US stock market is highly overvalued, resembling 1929 US and 1989 Japan.
- Current market conditions create a good environment for tactical traders.
Black Monday Experience
- Dave Weisberger recounts his experience during Black Monday, having managed program trading technology.
- He testified before the Brady Commission about the crash.
Market Mechanics
- Portfolio insurance, a major factor in the 1987 crash, is no longer present.
- The "plunge protection team" now has the power to intervene and stabilize markets.
