What is happening in the "de-fi" world. Looks more like a scene from Caligula than a trading exchange. We are allowing children to play with matches - who is really the stupid one? Everyone is "F" ing everyone. Bombs flying - rumors and reality. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Hey - What happened to the Red Wave? ---- Everything is gamed... - Crypto meltdown - just one week and then... - We are not talking about Musk or Twitter - Sick of the topics - New Tax In Mass - Greed - The Favorite Sport of Americans (and the world) Market Update - HUGE YUGE Rally - One Two Punch - Inflatio0n and gridlock hopes ---- More Rally on light PPI and Manufacturing prices - - Short Squeeze too - offsided flip-flop - Yields drop, USD drops - Market FLY - China supposedly easing up on COVID restrictions again and ..... helping real estate market - Biden's College Loan Forgiveness Program shot down - DXY down 3.5% last 5 days. 10-Year under 4% You know what is going on? - Asexual Finance - - Everyone is just creating things out of nothing - screwing each other and themselves - - One big "F" Job that yields nothing - - Lesson learned with FTX - don't kids matches unless you want them to start a fire. ---- OH and massive amount of losses --- It is the NON-Boomers that are screwing this all up BOMBS - Wartime News - Seems that market freaked out at 2PM Tuesday - Reports that 2 missiles veered off course and hit town in Poland - Then there was reports that Ukraine shot down and pieces hit areas in Poland - Then reports that all unconfirmed - markets rally back Massachusetts Tax - The new law creates a 4% tax on annual income above $1 million, on top of the state's current 5% flat income tax, aiming to fund public education, roads, bridges and public transportation. - How many will be leaving? - Where will they be going to? Gridlock? - What happened to the Red Wave? - House will ensure more gridlock than we have now - even though Dems have majority in Senate - What does the Biden scramble look like now through inauguration of new leaders? FTX meltdown - Whatever we know - I don't think we know anything - Days to take down 2nd largest Crypto exchange (without any conspiracy additives) - Bitcoin/Ether down 20% last week - crypto markets in disarray - It is NOT the coin - it is the little greedy bitches that have been allowed to play in this environment with no regulation - All of a sudden there is odd money movements/withdrawals. What about the transparency???? - Now potentially $$ missing ($1billion) - Mysterious outflows and: --- High-net-worth users are paying astronomical prices for NFTs on FTX at a time when the broader crypto and digital collectible market has nosedived. In one case, a collectible that traded near $9 three weeks ago sold for $10 million on Friday. Another NFT that was similarly priced a month ago, sold for $888,888.88 this week. (Somehow a way to move $$$ from FTX?) Retailers Reporting this week - Tuesday: Home Depot and Walmart (before the bell) - Wednesday: Lowe's and Target (before the bell) - Thursday: Macy's and Kohl's (before the bell); Gap (after the bell) Oil - OPEC Cuts Growth Forecast - Trims demand growth in 2022, 2023 by 100,000 bpd - Says global supply was in surplus in second, third quarters - OPEC Oct. output fell by 210,000 bpd, exceeding pledged cut - Saudi Arabia reports smaller drop in its October output - Oil demand in 2022 will increase by 2.55 million barrels per day (bpd), or 2.6%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, down 100,000 bpd from the previous forecast.