Quote from: ssmc2 on June 24, 2015, 08:12:32 PM

I will LMAO when we breach $300 and then stabilize above it never to see below again.

If we move significantly above $400, then you can LMAO with confidence. Otherwise, you are very likely to be the greater fool, based on Armstrong's thesis of public vs. private assets and the timing of the coming contagion in October as I explained upthread.

Remember capital flows chase capital flows, because of the wealth effect (i.e. the market price and thus market cap > the capital invested). Thus when the stampede is in a certain direction, capital follows there and out of where it was. Then you have to add the margin calls and leverage induced liquidity contagion that exacerbates the effect.