The Big Tech Bull Market, Not A Mania Yet | Round Up

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With Mike & Mark out, Jack Farley of the Forward Guidance podcast joins Blockworks' very own newsletter writer Byron Gilliam for a wide raging discussion on the top stories of the week.

With the recent Ripple vs SEC ruling, we discuss what impact this has for not only Ripple, but the crypto industry more broadly as many view this as a big win for the industry. We then dive deep into earnings with a number of companies reporting this week, and many more reporting next week. Will the big tech led bull run continue, or is this new bull market approaching a mania phase? To hear all this and more, you'll have to tune in!
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

[susannicky]

I think people need to build some homes and pay some taxes to realise there is no bubble. Not some graph charting and playing with numbers. There is a split in asset class and gap where there are people that can afford homes and people who can’t afford homes and nothing is being built to accommodate lower income families. If prices were to fall developers will hold on project till it makes sense to build. That will put upward pressures on the prices.

[loveall]

I just kept shaking my head as you spoke about tech not being THAT expensive. NVDA at 40 expected 2025 earnings, 17 P/S expected 2025, and 78 times free cash flow. Many, many stocks share similar over valuation statistics. We are in a momentum market.

[faroqhatoqilova]

The excitement around XLM and XRP now is palpable! We're at a crucial point, potentially prepping for a significant rise. Thanks to my advisor, Mrs. Paige Hermosa, I've seen my portfolio grow from 3.5 to 14.08 BTC, showing how valuable expert guidance can be in the crypto sphere. With money flow indicators turning green, we could be on the brink of a bullish run. Get ready for this thrilling ride and consider expert advice, like Mrs. Hermosa’s, for the best results!

[peterlallen]

Great interview!! Love the questions very well done!!

[kenzeng]

Before any crash, there were always bull market.

[sukhrajsohal]

Jack is a good interviewer but is there a show where Jack shares his views on the market?

[Aziz__]

Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.

[Canadian_Eh_I]

The words of Buffet always seemed to jive with my experience. The secret to making real money is 'sit tight and be right'!

[Landofsmiles]

Easy listening to you two gentlemen today, very enjoyable and great pairing. 'Gallows humour', thank you Jack, I'll be using that one, I like it.

[joy-of-chemotaxis]

Great show as always Jack. One point of correction: at ~ 4::35, Gilliam said off ramps are essential because you can't buy anything with crypto. I book/pay for all my travel with crypto (Travalo) and of course there is Strike, which enables BTC payment at CVS, Walmart and MANY other national brands (no affiliation with either brand mentioned). Whatsmore, I don't even have a crypto debit card. Gilliam's comment raises questions about his famiarity with the crypto ecosystem and, consequently, his authority and expertise as a commentator for this subject.

[RobertJenkins]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes.

[janusaflorida]

Great interview as always Jack....you have the most interesting and helpful and knowledgable people as interviewees. Thx

[mskmsk]

Over-all though... a great conversation.

[lucianoyt]

I entered the stock market with the goal of making more money to cover my daily expenses, but due to a lack of understanding of the stock market, I am losing more and more money. I would like to know how to stop this downward trend.

[codeycoder]

@15:00 is he serious. A number of tech “AI claiming stock” have shit up 1-2x.

Trash if you don’t see the market going up because of AI.

[Ethans]

This really drives home the "value" of an Ivy League diploma, even if they just invest randomly, about half of the actively managed funds should beat the market and half doesn't. The fact that 75 or 80% of these actively managed funds can't keep up with the market is a testament to the hubris on Wall St.

[mskmsk]

You are correct. 2 years in this space means you know nothing, actually! Let alone make a call that the everything-rally has been and gone

[mogulrider]

Thanks Jack
However, all my neghbors are balls in SPY, QQQs, and the big 7 and shitcoins. They dumped their t-bills and are all in. That my friend is all I need to know with industrial production collapsing, unemployment rising, trucking DOA, etc.
We are at the end of the dead cat bounce imho. The economy isn't great, it's dead and being buried.
One needs to have been through several of these to see the parallels. Most kids under 40 - haven't seen a recession ever in their adult lives. They will.

[mktwatcher]

When's This $h!t Going To End...?

[italianmiltyfriedman]

Crypto community resembles more of a religion than an asset at this point.