Look Out Below? Mish Schneider #5143
b'The markets are taking a hit thanks in part to Treasury Secretary Yellen\\u2019s comments about rising rates. Crypto has been embraced by the younger generation as an inflation hedge. Now with the rise of Ethereum. Will it displace Bitcoin as the leading the crypto. Dogecoin is an indicator by the younger generation is looking at \\u201cdefi\\u201d to diversify away from centralized financial control. What\\u2019s happening now is that people are doing transactions outside the exchange leading to a shortage on the exchanges. Ripple could be a good play too. It\\u2019s being used more around the globe. Used cars have are nearly unobtainable.\\xa0 A look at Tesla\\u2019s earnings. Buffet and Munger are from a lost generation, when \\u201cMade In America\\u201d really meant something. So they can judge all you want. Mish believes in risk management and doesn\\u2019t buy falling knives. What will happen in the market going forward, we could very well see a major correction. Amazon and Apple had great earnings and then market turned a deaf ear. Is it time to short? Hedge? Look to the VIX, it\\u2019s now heading higher. Will it continue? If so, Nasdaq could be the ideal short. Watch bonds as well.'