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Wednesday, January 10, 2018 12:48:59 PM
With pot stocks, it was surprising to see a recovery so quickly after the words from Sessions. I truly expected all stocks to be a bit lower by now, and I’ll bet there’s a lot of money out there right now trolling for the best entry points. Even then, many have also retreated with their money until our current political leaders get it together on the issue. It’s a sector too entrenched to go away at this point. Many of the states that have embraced medical are already on their way to seeking recreational as a form of pumping big tax bucks in.
As for crypto, buffet himself said he wouldn’t invest in it. This isn’t because he doesn’t like it, but he openly admitted it is because he does not understand it. He will not be shorting nor investing in crypto, yet it is a market with amazing gains which carry far too many positives to ignore. Even if main markets try to regulate crypto out of existence, there will always be a big market for it in countries like Japan. The allure here is a global endorsement of cryptocurrency.
Both sectors are here to stay, even if the route to acceptance is a brutal, uphill trudge.
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