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More Musk Madness - Nick Santiago 11-8-21 #338

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First published at 17:53 UTC on November 8th, 2021.

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Source:
https://www.spreaker.com/user/appeal2/nick-338

1. Stocks are holding up well today. It's another quiet session, but there are certainly stocks that are moving. Tesla (TSLA) is trading lower by 3.8% after Elon Musk put a poll out on his …

Source:
https://www.spreaker.com/user/appeal2/nick-338

1. Stocks are holding up well today. It's another quiet session, but there are certainly stocks that are moving. Tesla (TSLA) is trading lower by 3.8% after Elon Musk put a poll out on his Twitter feed asking if he should sell 10% of his Tesla stock. This guy is the ultimate showman and certainly knows how to get a rise out of the Twitterverse.

2. EV maker, Rivian Motors (RIVN), is expected to go public this week at a valuation of $65 billion. Here is another IPO that is being pushed out while the easy money is still available. This company is backed by Amazon (AMZN) and Ford (F), but $65 billion is a complete joke and often marks the sign of a market top shortly down the road.

3. Bitcoin is testing the recent highs today. Everyone is excited about this De-fi. Apparently, this decentralized finance is where the crypto market will start to build financial applications like lending and trading on the blockchain.

4. Gold/Silver had a nice rise on Friday and further consolidating today. We could see 1860 gold shortly. Just wait, things are setting up.

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