Screwball
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Posts posted by Screwball
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1 hour ago, gehringer_2 said:
fair question. I have no problem with the hammer falling wherever it may on those that covered for any of this in the past.
But action can only take place in the present, and someone is in a position to do something about it now.
If the past were an adequate excuse for the future we'd all still be caves.
That's weak, even for you.
Ghislaine Maxwell was on trial in 2022. None of the perpetrators were charged or named. Biden was president. The lead prosecutor was none other than Maurene Comey, daughter of James Comey. They knew and did nothing.
They should rot in hell.
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26 minutes ago, Deleterious said:
1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation
Started reading that this morning. Andrew Ross Sorkin wrote it. I had a good laugh at a tactic practiced then and now, adjusted for technology.
In a section about Jess Livermore, they discuss how Livermore was obsessed with the ticker machines and had one in each room in his house. The problem was, even on light trading days, the ticker could be up to 15 minutes behind. So he hired people at each exchange to phone him with up the second stock price updates.
Same thing today, except now they pay millions of dollars to have a server as close as possible to the exchange servers so they get the price a hundredth of a second before their competition.
A couple of books on these subjects;
Reminiscences of a Stock Operator - Amazon <- this one is about Jesse Livermore - great read.
Flash Boys: A Wall Street Revolt - Amazon <- this on on high frequency trading by Wall Street written by Michael Lewis of Moneyball - another great read.
The most expensive piece of real estate in NY is the server closest to the exchange. Don't remember the year, but they spent millions of dollars to run a fiber optic cable from The City (London version of Wall Street) to the NYSE to save like 6 milliseconds on trades.
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12 hours ago, gehringer_2 said:
well, we've got one guy preventing that from happening. Can this stuff be the one thing that sticks to him with his supporters when nothing else has? Who knows, but judging by how long he's kept the lid on it so far, I'm not holding my breath.
Why wasn't something done over the last 20+ years? Look at the names, the pictures, the emails. Over 300 names, and that's probably not all of them. These people all run in the same circles, they know what the hell was going on, and did nothing. Why? Because they are either paid off or blackmailed to STFU and not do anything.
They are all protecting each other. But it's easier to just blame Trump because he's the cause of everything bad in the world. Epstein was first arrested in 2008ish, Maxwell was at Chelsea Clinton's wedding in 2010. Trump had a TV show that year. Epstein was busted again in 2019 so there's a good 8 or 9 more years of Epstein terror to who knows how many victims, and NOBODY did anything. But it's all Trumps fault.
Pull the other one.
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35 minutes ago, pfife said:
Its so emblematic of all the **** thats ****ed now
Epstein was first busted in like 2008. It didn't start then. Over the years, so many knew, and did nothing.
It's bigger than just the horrors of child abuse, but that part should enough to unite every mother and father who has a son or daughter (I'm sure both were abused by these sick ****s) no matter of political leanings.
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This country is a ****ed up mess right now, but let's not lose the football.
A good way to start fixing it is the 800 pound gorilla in the room - The Epstein files. There was a poll asking who should be the first two people arrested. Easy; the first, the last and ever other sick **** in between. Nothing else is acceptable.
They are the big club.
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Watching the curling in the Olympics was really cool stuff since forever, and it still is quite entertaining.
We use to bowl at 6:30, get done at 9ish, go in the lounge and play shuffleboard. It was a riot. It is shuffleboard on ice. No fingers. 🙂
I got a kick out of the 1972 guy with the lung dart sticking out of his mouth. I'm guessing there were a few beers not far away.
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Speaking of curling, not the Olympics but funny.
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A local university had a lunch and learn thing a few days ago, the theme being: Using AI to solve real business problems. It was geared to the small business owner like you might see here in Cornhole.
QuoteThey said; These student teams will work directly with participating businesses to support integration efforts, problem-solving, and project development tied to real operational needs.
They probably can't make change. No thanks, I'll run my own business, then once you get hired I will train you. AI not required. We think for ourself.
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I was at a Daytona party and kinda watched it. Another wreck fest, even on the last lap. Imagine that. NASCAR has a NASCAR problem. I think I read they gave up the Chicago street race, which was stupid to begin with. There are better races during rush hour. They have too many road courses. That's fine for F1, that's what they do. People don't want to watch a stock car on a road course. Then they came up with the 3 stage thing, and the playoff horse**** at the end of the year.
Their ratings are going the wrong way. Might want to reinvent the wheel.
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It doesn't matter if it is the CPI, PPI, job numbers whatever it is, all the economic the reports are really well done IMO. The problem is - is - how they are presented. As someone said above - the headline number. That's what Bubblevision and the nightly news tells us. But that's not the whole story.
When you dig into the reports, and you can even download an excel files I think, you can see trends of how the numbers are changing between different sectors and industries over time. Combine this with the other reports and you get a much better idea of what is going on. Don't believe Jim Cramer.
For example; lets say the data tells us housing might be down for a few years. We check our 401k and see what we have for mutual funds. Find the fund, see what it holds, and how it is weighed. Maybe 8 to 12 assets make up the fund, and is 40 percent heavy in housing. We may want to find something else. Given what we can do with our account of course.
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17 minutes ago, Tiger337 said:
ZeroHedge is a conservative darling but he's just the messenger. I don't think these numbers are fake. They will be adjusted later, but that's not the same as being fake.
I don't know how ZeroHedge got into this. No matter I guess.
Let me go about it this way.
The CPI is our inflation indicator, as we all know. It has been reported since like forever. And since forever everyone who pays attention knows it's bull****. It is not an accurate gauge of the real economy and what people like us feel each and every day.
When Del started this thread probably 10+ years and three boards ago we used to have incredible conversations on why exactly these reports are bull****. That's what good investors are suppose to do - dig into the numbers (like short sellers - the true hero's of our markets (probably all now broke)) - to sniff out, and know where, the bull**** is.
After all, we are only trying to protect and grow our hard earned money. Knowing where the bull**** is a good thing to know, IMO.
Wall Street loves those who don't do their homework.
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23 minutes ago, Hongbit said:
Maybe all those years of hitting the bong are finally catching up to you.
I’ve been posting on here years about my feelings on these reports and the BLS. Go use the search function if you are so bothered by my post.
I don't see any proof of what you are talking about. Care to give some or just bitch and insult people?
About my bong business; which is none of yours, so you can kindly GFY.
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1 hour ago, Hongbit said:
Santa Claus is more believable than today’s fake CPI report.
Consumer Price Index News Release - from the BLS
Above is the link to the actual report. Can you tell us what part is not believable?
If not, you are just making **** up, and no better than the guy you hate. That's why we tried to keep all the political horse**** out of here. To no avail, I admit.
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And let's not forget the lottery. Example. I live in a small town. We have a Moose, Eagles, VFW, American Legion, Amvets, Elks, and probably another I can't remember. In 2019 alone, and I know this because I saw the numbers; around 600 members between the men and women and they spent $493,000 on the lottery alone in one single club. That's a drop in the bucket to the state operated gambling machines and ez-pull tickets they call them. Huge money.
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Speaking of gambling; those 100 year bonds.
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Gambling has been a problem for a long time. It's just easier now. There are more ways to do it as well. Visit a local animal club over the last 50 years and you will see tons of people pissing away money they shouldn't. Guy gets paid on Friday afternoon. Gets home Friday night and has lost it all in 4 hours. Happened 50 years ago and still happens today.
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Investing
in Politics
Posted
This entire streaming war is nuts. What do you buy/subscribe to to watch what you want to see? Between regular TV and all the sports stuff it has become so difficult.
One would think, and I know it doesn't work this way, why can't I just pay for what I watch and nothing else? That would be so simple and easy - but no.
I have YouTube TV, but don't get all the ESPN stuff, like ESPN+ that I want for college basketball, so I buy it separate for $12.00 a month. I got YouTube TV because they carried the NFL Sunday Ticket. I hear Hulu, or maybe Peacock, has ESPN+ and I wouldn't have to pay. But they don't have NFL Sunday ticket.
Then there is the NFLX stuff. They have a bunch of movies, but it seems like when there is one I want to watch, they don't have it. So I have to go elsewhere, and usually end up paying for it. Recent example was Miracle, the movie about the 1980 Olympic hockey team. $3.99. Great!
It's no wonder people are going to alternative devices to screw these people. I'm told you can buy some sort of a box and get everything for $350 bucks. How long that lasts, who knows. Then there is the Firestick thing and hack it. Looky here - free baseball games.