Wednesday, April 10, 2013

BitCrash Continues: Down 40% And Dumping

Time to rename it BitCrash... or will it stage an amazing recovery?

Alas, for this particular bubble, there are no NYSE circuit breakers nor is there a Federal Reserve-mandated "plunge protection team."

And why should there be? The central banks hate all currency alternatives.

Firehats: on, especially since the volume is still relatively lite.