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    $Lightspeed POS(LSPD.US)$
    Lightspeed announced today that it has entered into a multi-year agreement to provide Lightspeed Golf software services to the Canadian Golf Association. Representing more than 1,400 member clubs across the country, the National Sports Federation allows participating golf courses and golfers to share certified Canadian golf data on two platforms.
    Spoiler:
    At the end of this post, there is a chance for you to win points!
    Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
    Part Ⅰ: Make Your Choices
    Part Ⅱ: Buzzing Stocks List & Mooers Comments
    Every major index moved upword last week. Her...
    Weekly Buzz:  Apple is on fire, market-cap approach to $3 trillion!
    Weekly Buzz:  Apple is on fire, market-cap approach to $3 trillion!
    Weekly Buzz:  Apple is on fire, market-cap approach to $3 trillion!
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    $Apple(AAPL.US)$ AAPL has been a staple of my portfolio since 2016. Something drastic would have to happen in order for me to sell a lot of it or exit it. I’d hold as long as you can with this stock. They will continue to innovate over time with VR and a car on the horizon.
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    One of the greatest instruments used by the financiers to impoverish and stupefy us is the stock market. What everyone knows, but few admit, is that the value of a stock has absolutely nothing to do with the value of the company. Just look at Amazon stocks, which have risen around 1300% in the last decade despite the company’s earnings being next to nothing. But Amazon isn’t a weird anomaly. This is how the stock market works. It was set up this way by design,by the industrialists, of course. Instead of spending their own capital to grow their business, they let millions of poor schmucks buy “ownership” in the company. This provides a huge influx of capital investment with no strings attached. If you invest your life savings in Amazon stock and the company tanks, Jeff Bezos doesn’t owe you a dime. Unlike traditional investors in a company, who expect their business loan to be repaid with interest, you the stockholder aren’t legally entitled to ever see your money again. This is called gambling.
    Bitcoin, like the stock market, is not really a casino. It feels like one, but it’s not. But with LIBOR, insider trading scandals, and other drips and drabs of leaked information over the years, we know that the stock market is rigged. Its volatility is intentional; the super-wealthy have enough leverage to manipulate stock prices at their will so they can buy low and sell high. That’s not a casino, that’s a con. They want you to believe the rise and fall of stocks and commodities (like Bitcoin) are due to irrational speculative investing, as if the prices are determined by trading volume. But they don’t give you the most important piece of information, which is that those at the very top are controlling the trading volume, not to mention manipulating the exchange rates. When these tricks don’t work, they can just straight-up falsify the data. They can simply tell you a Bitcoin is worth $15,000, sell it to you for that much, then turn around and make the price drop to $5,000. They can do this because they created the market, and they own most of the commodity. 
    Lots of people, especially younger people who came of age during the 2008 recession, were skeptical of the stock market and the big banks. So the financiers had to create a new fake market to lure these younger folks under the guise of a “private,” “sound money” system. It’s no coincidence Bitcoin came right on the heels of the Great Recession. The truth is, it was created as another unsound money alternative, to catch all the flies that were getting wise to the great Wall Street scam and making a mass exit from its tangled web. 
    Bitcoin claims to be a fully encrypted form of digital currency that offers total financial anonymity. But that’s not true at all. You see, there are two primary ways to buy Bitcoin. You can send and receive it directly from other Bitcoin owners using a “digital asset wallet” or “crypto wallet” and making the transactions directly on the blockchain, which is a ledger of all Bitcoin transactions. Or you can buy them through an intermediary exchange service like Coinbase or Bitfinex, similar to brokerage sites for stocks. When you use the exchanges, you have to jump through at least as many hoops to set up an account as you would to open a bank account, including several forms of photo ID, proofs of address, your social security number, etc. In other words, you have no more anonymity than a bank account holder. Even so, using an intermediary exchange is far easier and less confusing than doing it the direct, anonymous way with a wallet. Just Google “how to buy Bitcoin anonymously” and see how long it takes you to figure it out. It’s immensely confusing and technical. This is why the overwhelming majority of all Bitcoin owners use intermediary exchanges – they’re a whole lot easier. But this means that Bitcoin is no more anonymous than a bank card, and just as subject to taxation as fiat money.
    Another supposed value proposition of Bitcoin is that it’s decentralized. No single political entity or group has monopoly control over it, unlike fiat currency which is controlled and issued by the central banks. Just look at the chart at howmuch.net and read the results: 
    Over 95% of all Bitcoins in circulation are owned by about 4% of the market. In fact, 1% of the addresses control half the entire market. 
    It means the power to influence the value of Bitcoin in the hands of a very select few. And what’s worse, there’s no way of knowing who these few are. This is where the anonymity of the blockchain becomes a drawback rather than a benefit. You have no way of knowing who the Bitcoin millionaires and billionaires are. Yet because they have most of the world’s Bitcoin, they have tremendous power over it. The real owners – the real 4% that own 95% of all cryptocurrency – are the Intelligence agencies, and ultimately the industrialists and bankers who control Intelligence. Since they created Bitcoin out of thin air, any Bitcoin they sell to the rest of us is basically pure profit. Unlike other commodities that actually take capital to mine, refine, harvest, etc., Bitcoin is just a bunch of code. It’s kind of like all those coins you collect in the Super Mario Brothers video games. They don’t exist in the real world. On top of all that, they’ve duped people into buying hardware and eating up electricity to “mine” them. Since the crypto-rulers own the companies that make the hardware and produce the electricity, they make a double-killing on Bitcoin. Blockchain is now being rapidly absorbed into the same corrupt global financial system it was supposedly created to overthrow.
    “Bitcoin is a project of American intelligence agencies, which was designed to provide quick funding for US, British and Canadian intelligence activities in different countries. 
    The technology is ‘privatised,’ just like the Internet, GPS and TOR. In fact, it is dollar 2.0. Its rate is controlled by the owners of exchanges.” This statement is from the head of one of the largest cybersecurity firms in the world. Bitcoin is an Intel creation. Intel still controls the internet and GPS and every other technology they’ve ever developed.
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    Stocks seen wavering amid investors' risk-off mood
    Stocks look set to start the week under pressure with investors looking to U.S. inflation data amid the Federal Reserve's hawkish tilt, and the impact of omicron as risk aversion grips financial markets.
    Asian futures pointed to benchmarks opening lower. Australia fluctuated at the open, while U.S. futures edged up. U.S. stocks extended a weekly slide Friday after a mixed U.S. jobs report fanned volatility.
    Shock to crypto daredevils joins list of scary omens in markets
    A hawkish turn from the Federal Reserve and the omicron variant have erased more than 10% off the market value of cryptocurrencies. The cryptocurrency lost as much as 21% since Friday's stock-market close and swung wildly throughout the weekend. The decline brought it down to around $42,290 at one point, well below its record high of near $69,000 just a few weeks ago.
    Big drops in an asset like Bitcoin have the potential to lower confidence among the larger population of bettors, a concept described as negative wealth effect.
    High-flying tech stocks are bordering on correction territory
    The stock-market drubbing is hitting the once-favored technology giants hard.
    The so-called NYSE FANG+ Index tracking the tech industry's giants brushed up against a correction on Friday -- with a drop of 9.99% from its closing peak on Nov. 4. That leaves it just shy of the 10% tumble that would mark a full-fledged correction in the eyes of traders.
    Hedge funds suffer big losses on biotech rout
    Biotech stocks have fallen to earth with a thud in 2021 after soaring last year amid excitement over the development of Covid-19 vaccines, dealing big losses to some hedge funds. The sector is being buffeted by concerns Congress will move to put a lid on drug pricing and a surfeit of early-stage biotech shares as the IPO market booms.
    The SPDR S&P Biotech ETF, an equal-weighted index of biotech stocks, has fallen about 22% so far this year through Friday, and is down 37% from its Feb. 8 peak. The ETF has tumbled nearly 9% since Thanksgiving. Biotech is the worst-performing of all 11 S&P 500 sectors this year, a time when the broader index has notched a total gain of nearly 21%.
    Charlie Munger says he wishes cryptocurrencies had 'never been invented'
    Billionaire investor Charlie Munger still isn't a fan of cryptocurrency.
    "I wish they'd never been invented," Munger said at the Sohn conference in Sydney on Friday, according to The Australian Financial Review. "Of course," he said. "I don't welcome a currency that's so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air."
    Buy now pay later boom shows no signs of slowing this holiday season
    7% of shoppers said they will be using buy now, pay later as a payment method for holiday purchases this year, according to a CNBC/Momentive Small Business Survey. The credit card alternative has exploded in popularity as online shopping has boomed during the pandemic and more retailers and payment providers have adopted it.
    The use of BNPL globally during Cyber Week — from Nov. 23 to Monday — jumped 29% year over year, according to Salesforce data.
    Elon Musk being allowed to "make the rules" in space, ESA chief warns
    Josef Aschbacher, the new director-general of ESA, said that Europe's readiness to help the rapid expansion of Musk's Starlink satellite internet service risked hindering the region's own companies from realising the potential of commercial space.
    He said Musk's Starlink was already so big that it was difficult for regulators or rivals to catch up. "You have one person owning half of the active satellites in the world. That's quite amazing. De facto, he is making the rules, the rest of the world including Europe.
    Apple's iPhone successor comes into focus
    $Apple(AAPL.US)$ is raising the stakes with what analysts say are plans for a headset or smart glasses that will offer access to a layer of information, objects and data spread across our view of the real world like so much digital pixie dust—a so-called augmented reality, or AR. While the company hasn't disclosed its plans, analysts and other industry insiders expect Apple's first AR device could be announced by the end of 2022.
    Source: Bloomberg, WSJ, CNBC, Financial Times
    Wall Street Today | Musk being allowed to "make the rules" in space, ESA warns
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    It's always interesting to look back and see how hard it is to predict things in the stock market.
    I made a fun money "gambling" account a few years ago and NVDA up almost 500% is about the only thing holding it up! The the pillars of the tripod are the two bigs from last January up substatitialy more than NVDA and the rest is a graveyard!
    I mean I guess that is kinda what I expected with a fun money account. $NVIDIA(NVDA.US)$ $Tesla(TSLA.US)$ $Alibaba(BABA.US)$ $AMC Entertainment(AMC.US)$