*****************************************************************************
* FIEND'S SUPERBEAR MARKET
REPORT *
* May 9,
2025 *
* *
* e-mail:
fiendbear@fiendbear.com
*
* web
address: http://www.fiendbear.com *
*****************************************************************************
Fiend Commentary
================
Crypto Mania and the Paper-Thin Rally
Bitcoin
surged past $100,000 today — a milestone that once seemed impossible, now
shrugged off by markets with casual euphoria. Altcoins followed with even
steeper gains, riding the wave of speculative frenzy like it’s late 2021 all
over again.
On Wall Street, the Dow opened up 600 points, but the
momentum fizzled into the close. Still, the bulls are back in full force,
clinging to headlines about a modest trade agreement with Britain as if it were
the second coming of Bretton Woods.
How fragile is this rally? Let us count the ways. The U.S. economy remains
weighed down by tariffs, softening earnings, and persistent consumer fatigue.
Yet speculative capital continues to pour into crypto and meme stocks,
untethered from fundamentals. The appetite for risk is back — not because
conditions improved, but because investors are desperate for anything that
moves.
This isn’t confidence. It’s FOMO. It’s the hollow optimism of an era that has
learned nothing and forgotten everything.
As the Fed remains cautious and the real economy shows signs of strain, this
could be another case of irrational exuberance — but with digital confetti
instead of dot-coms. Bitcoin may break records, but
gravity always waits at the end of a vertical climb.
We’re not saying it ends tomorrow. We’re just saying: this looks a lot like
every mania right before it doesn’t.