Good evening, brothers!
A new week, a new day,
Sunlight filters through the gaps in the curtains,
Gently brushing away yesterday's laziness,
After a wild weekend,
Rushing to a new arena.
With a passionate love for life,
And a pure effort for the little things in the world!
This past weekend wasn't very happy,
I hope to be happy every day in the future.
……
Even if you mix raisins with turd, what you get is still a pile of turd.
When you mix raisins with turd, you still have turd.
Munger is talking about the issue of acquiring other companies here. If a good company acquires a junk company, then the junk company in that combination will drag down the performance of the good company. Coca-Cola once bought a film production company, and Gulf and Western Industries also acquired a film production company; these are all cases of "mixing raisins with turd." A more typical case is when Japan's Matsushita Electric bought a film production company; of course, there are even more typical cases, like the Canadian Seagram Company also buying a film production company. Do you see the pattern? For those great companies, the way to solve the problem of mixed junk assets is to wash away the junk assets, and their usual practice is to sell the film business to other CEOs who are "star-chasers." Munger might say it better: when we mix caviar with turd, we still taste turd.
……
Moody's downgrade of the U.S. credit rating continues to shake the U.S. capital markets, with "sell America" trades on the rise, leading to a situation of simultaneous declines in stocks, bonds, and currencies.
On Monday, U.S. index futures, U.S. Treasury prices, and the U.S. dollar index all fell, while the yen, Swiss franc, and euro rose, with gold increasing by over 1%, and oil prices slightly declining.
In the bond market, the U.S. Treasury market faced massive sell-offs, with the 30-year Treasury yield continuing to rise by over 12 basis points, breaking the psychological barrier of 5% in the afternoon, and further climbing to 5.02%, the highest level since November 2023. The 10-year Treasury yield also rose to over 4.5%, reflecting investors' concerns about the long-term fiscal health of the U.S.
BTC: On the 4-hour level, the price continues to stay below the middle band of the Bollinger Bands, showing a weak price trend.
On the daily level, the price has broken below the moving average support, and the market is on alert for a pullback.
In summary, the support level is 102800, and the resistance level is 103200.
The overall market is still in a pullback, especially BTC still has room for a pullback.
ETH: On the 4-hour level, the price has pulled back to stabilize at the lower band of the Bollinger Bands, with a weak rebound demand; support level is 2400, resistance level is 2430.
LTC: The price continues to stay near the lower band of the Bollinger Bands, showing a weak price trend, with the short-term market being overbought and a weak rebound demand; support level is 94, resistance level is 100.
BCH: The price continues to stay near the lower band of the Bollinger Bands, showing a weak price trend, with the short-term market being oversold and a weak rebound demand; support level is 370, resistance level is 400.
That's all for now, good night!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
