Market Update - November 8, 2023

Where's the FOMO?

Author

Mark Helfman
November 08, 2023

With October’s zoom, your favorite commentators got you hyped up about a massive amount of money coming in, ETF approval ASAP, everybody’s jumping on board, the bull market is confirmed, it’s only up from here, for your cycle low is in, etc.

Why is the price up only 4% in November?

Miners and skittish profit-holders sold.

Does that mean we’re doomed? Or does it mean you need to buy into the market ASAP?

I’ll look at that and more in this update. Topics include:

  • Video

  • Sellers return

  • Money into funds does not necessarily boost prices

  • Checking in on recent charts

  • No-lose situation

  • What to do if you feel the need to put more money into the market now

I strongly advise you to read the summary below and watch the video update! You miss too much when you get only one of them!

To speed up the video (shorten the playing time), tap the circled gear button at the bottom-right corner of the video. A playback speed of 1.5 should do ok for most of you.

Sorry for interrupting your reading, but I need to let you know that I am looking to finalize my next list of sponsors!

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