Comments by "" (@jmitterii2) on "The Plain Bagel" channel.

  1. LOL! No, that was nothing. This is going to be even more spectacular.
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  2.  @ThePlainBagel  No it's not.
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  3. I think options can be very helpful when used appropriately. Writing covered calls and cash secured puts is a nice way to make money waiting to sell the underlying, or waiting to buy the underlying. And buying puts can help lock in potential profits or create a type of stop loss on a long trade. Buying calls... I haven't found a risk off use for those yet... other than if you find yourself holding too many puts for security and not in many or any long positions... they can hedge an unbalanced put portfolio. Create a type of strangle trade.
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  4. The fiber optic cables yes. Everything else... no. Decent codecs required for streaming, and the better hard drive systems that can store immense amount... all those hard drives built over the 1990 thru 2005 are no longer, those data farms outdated and have completely been redone with newer hard drives... and since big platforms use a raid like structure saving many instances of the same stuff in case one hard drive with the data gets corrupted or drive dies completely it's backed up elsewhere. Era of thumb drives and SD chips, and the terrabite HD and SD drives just happened over the past decade starting 2013 to present (2023). The fiber optics cables.... yes. That infrastructure is still used... but that was mostly from government subsidies city, county, state and federal. So.... yeah.
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  5. Coffeezilla isn't just a finance thing... but scammer buster. But yeah! Another good one.
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  6. "Millionaire in 2028 talking about investing in 2022" Let me fix that for you:"Millionaire in never talking about investing in 2022" There. Japan 1989. Read about.
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  7. REITs are a disaster to housing. And should be outlawed. They do the same thing back prior to the 1934, whereby many investors would gobble up land in various cities, especially during the 1800's and very early 1900's. Many surrounding towns, hence why there are surrounding towns and many of the capitols that were forming, are smaller, because the surrounding areas created their own townships with charter laws that outlawed the speculative nature of lots for sale. Keeping prices low and thus the lots were bought not by speculative stupidity and becoming unaffordable to essentially everyone, residents and employers alike, but kept them relatively affordable and thus they grew larger as a town while the capitol grew but slowly or just fizzled altogether and was moved to another town... Idaho... Lewiston, then moved far south to Boise. But then Boise started having the same land grab hording via speculative I want my goofy NFT cuz all the Paris Hilton's of the world are coming to town! So you have several, as you do in just about every major city in the US, other cities next to each other; all that chartered their property laws with anti speculative ordinances; limits on lots, requirements on development before even getting close to the max limit of lots per year or more, etc. REITs really are a disaster for everyone... including morons who bought some of these shares on them... as they're also levered to the tits.
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  8. No... that will make more bank runs. ALL banks function the same way... they fractionally reserve meaning... they only keep cash on hand for tiny amount of withdrawals compared to the amount of deposits. So don't. At each bank you have cash in, if it's $250K or less, you're fine. FDIC insures it. And if you have $250K or less each separate brokerage account you have the same $250K in cash and another $250K in securities insured via SIPC. It's not time to be moronic. If you have money in the bank, just let it chill unless you hate that particular bank then find another one. But it's not a time to just panic and run for the hills. You're more apt to pull your money out only for it to get stolen. Or lost.
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  9. Why I Don't "HODL" Bitcoin? Cuz I'm not dumb. Cool
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  10. With appraisals that high, even if you bought early, your property taxes would be something similar to a mortgage payment. Making it dubious to own.
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  11. What they do have is so much capital and access to leverage, is that they can move real-estate a lot. Both residential and commercial. Particularly residential that prior to 2000, residential property was and in many cases still are, just not as heavily in forced, to prevent speculative land hording limiting property purchases per entity/persons and affiliates until they sell other land as well as develop other land they're still hording and sell that developed land before buying more lots. CDO market along with investment money like Blackrock and Blackstone have injected lots of funny money leverage to the tits making the 2000 to 2008 CDO market induced insanity look like a mild boom bust thing.
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  12. Nope. Big persistent drops wipe these out. Oldest ones restarted only after the great recession. They drop to zero. These are for day traders only. Long term... it's like sticking your money in the UVXY or just the regular VIX ETF.
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  13. All crypto is and was trash. A cluster mug of scams.
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  14. The amount of debt in concern is insolvency throughout their entire banking system. So plan on all the developers eventually becoming nationalized. And the properties not built and even some that are, won't be because they were investment properties fueled by the prospects of more investors... no actual underlying demand. Since 2013 we had those ghost cities... and even through to 2017 they were continuing to build on those ghost cities and build more ghost cities. And as China's manufacturing became more expensive than other nations, they were losing any labor competitive advantage and subsidies by the Communist party on manufacturing long ago dried up and instead the various provinces were making money on the real-estate quagmire developing... there were Chinese executives on national/international programs warning as early as 2015 that it was an insolvent mess and when it finally busts... it's going to be spectacular. The entire world utilized the borrower of last resort, China, in the 2008 western meltdown to get commodities up... lots of commodities went to the roof during the early stages of the western debt collapse. Brazil benefited from this early on. Many other commodity producers, particularly those near to the country like Australia saw their economies recover very quickly and not even dip into a full recession at the time... Australia not at all and only kept going with their own real-estate bubble never popping at all... while the commodities heavy Brazil.... by 2014ish went into a severe depression of which it sort of remains as commodities took a dump around 2015. China is now down and out. The borrower of last resort... there really isn't anymore borrowers of last resort this time around internationally... and world banking systems are rather caught in a gigantic debt trap. This is why you observe Russia acting "weird" invading Ukraine... and China with their "Zero Tolerance" policies... COVID really isn't the factor here... it has always been through this entire year, record protests... COVID just being an excuse to get people off the streets from protesting the insolvency of all of the developers and most of the banks. Summer they "relaxed" the COVID thing only to have those protests immediately re-ignite. And, surprise, surprise! WE have another possible lockdown due to "COVID". The way a communist nation or really any other non-plutocratic nation would handle this bank bust... nationalize all the banks. Which is likely... and what this means creditors internationally, the rest of the banks internationally will get nothing. Their risk came to full fruition. Similar to Iceland where the banks were nationalized. Instead of bailing out the rich, they bailed out the country as a whole, redoing and remark to marketing all existing debts to the real values of the collateralized loan... your home is now worth 50% less... your principle is now origination amount 50% less, and all proceeding payments went to that loan... oh and interest rates are lower so we'll refinance that new half off mortgage at a lower rate... and you're now right side up on the loan to equity ratio with an even lower payment. Who loses... the bankers and "investors". Which is what most nations should have done. Now on an investor side of things... you should be scared... you're not going to get treated as the endangered species. What makes China more complicated is that many of these properties were not even built, nor for their own use... they weren't living in these properties, but speculative investments to flip them or charge rent on them. Only real demand was new investors with no actual real need/use demand. So... you could see remarking these loans to a newer market price may fail because investors suddenly right side up with some equity will immediately sell that property to lock in their profits only plunging prices further. And now that the music has "stopped" the realization there is no real use demand, that it was only speculative fueled demand... it could take some time to reach a bottom on housing prices. Additionally, there are more competition on labor for manufacturing outside of China... and lots of China's economy relied recently on their domestic housing bubble. In addition, the Belt and Road policy, all of those loans across the globe to very poor nations, are also insolvent and cannot repay those debts made by various private and public enterprises of China... Belt and Road policy was a way to keep their people employed often sending them to these poorer nations to build the lent project: a sea port, airport, commercial or housing development, rail, etc. A type of Chinese worker program. And that's gone. So household incomes are likely to fall and continue to do so. Basically, as an "investor" any investments with China would be considered suicidal. Just stay away.
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  15. Lot of words to essentially say: It's fucking stupid.
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  16. It could go much lower.
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  17. That is the mark of a long term financial advisor. Useless to a T. These types know nothing. Useless. More propagandists to condition you to hold the bag. You hire someone else. Or just learn this stuff yourself, and you'll be better than 99% of the morons that hold licenses in being a "financial advisor".
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  18. No, we don't need banking like this at all. That fear was put in place by the very reptiles (bankers) that want you to think that and act like a scared little creepy hermit with your less than a year shelve life stock pile of crappy processed foods that will likely spoil months prior to the posted expiration date anyway. Keep you scared and stupid. We certainly don't need banks regulating themselves. That's bat shit; all one has to do is look at the last 40 years and look around at the majority of American's income... 80% have only had their salaries decline in real terms... almost in nominal terms too.
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  19. This is probably when the best plan for Greece is just to go back to the Drachma.
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  20.  @victoriasandra6  Skip the fake internet money and yes.
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  21. JP Morgan got sick of bailing out the banking system; so he forced the creation of the Fed Reserve system. Well... it hasn't really worked. His ol' bank had to merge with Chase.... and now bail out or merge with yet another bank that went bust. Another one bites the dust. Be frank; banking was always a disaster since it was created once upon time (at least in the western world) in Ancient Greece and Rome. Lots of craziness over 2,500 years ago.
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  22. Well the land of dirty chocolate can't be trusted with laundered money anymore. Because they're broke. Money gone. Poof.
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  23. Didn't learn anything after 1929 not to make finance pretend it can make a "free lunch". Hope when the relay race is done and we're all Sri Lanka... we do learn. Keep banking and finance as simple as possible. DO NOT allow banks and finance sector to ever get anywhere near the monetary policy of a nation. Fox in the Hen house. Secondly, never use monetary policy to stimulate or otherwise the economy... simply use monetary policy to keep currency stable near 0% rate of inflation/deflation. Stimulant to the economy can and only should come from fiscal spending... planning needs and other investments to grow the economy... don't play debt binge games or any other funny money or over done side bets to the max pretending you're hedging against this or that... typically, you're not, you're fooling yourselves and everyone else. Very close that Big Shorters in the 2008 insanity may not have been paid out both their counter party and insurance to the counter party were effectively insolvent... in comes literally monetize the currency to pay the debts stupidity. All of this just hurts everyone, and the lower income quintiles the most. And ultimately playing these pyramid and ponzi scams just end in complete and sudden collapse. Keep banking and finance simple.
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  24. What's interesting is that these banks can't even manage their deposit reserves; unable to meet withdrawals on deposits. It's going to be massively crazy this time around when they start getting defaults and can't meet basic withdrawals. This playing out to the point this will make 2008 seem like just a tiny fart in the wind.
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  25. I'm taking your advise and opening a youtube stock salami... even the freebie ones that were mildly entertaining are now gathering subscription lists charging anywhere from $5 to $50 a month. And some have 500 to 1,000 to 10,000 paying idiots. So... that's where the money is, not freaking trading stoncks or even know what you're talking about... one guy is actually entertaining. And supposedly works for a boutique broker. But lately bad calls on bearish sentiment and all that nonsense and even on NG or UNG and well basically all his trades were turds in a basket. Another charges min $34 bucks... and same thing big bearish stupidity doesn't post that much on youtube... but loves to show his pretty pennies to get morons to pay at least $34 a month... others (because of course he has different levels of sucker-hood) much higher monthly payment for his salami. So that's the money. Just post... get an audience, then start charging for special member only junk. And make out like freaking bandit!
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  26. Why does a critique about someone's uneducatedly guided stupidity make people double down on their uneducatedly guided stupidity? I know the quote from Mark Twain... that it's easier to fool someone than to tell someone they've been fooled... but why?
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  27.  @Deimnos  but that's conflating stock prices to an economy. Neither are the same.
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  28. "Blah BLah blah.... nothing to see here.... maybe there is.... blah blah blah... nothing to see here." Yep. They're going bust.
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  29. 5 months ago bitches!
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  30. I'll change my tune if we start to look like we're going to have an actual civil war. A governmental collapse. Then...sure... but we're not there at all. We're to fat bloated and mentally conditioned by AM radio to promote right wing oligarch glorifying deification talking points and worship ALL HAIL RUSH LIMBURGER! And that weasel... those WEASELS on Fox noise! All hail rich people! Let them shove hot pokers up our rear ends in perpetuity! And get back to work! < see I'm a good little toady... I placed the poker and gag ball firmly in the mouth and rear end.
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  31. Then the vast majority end up investing lots and when they really need it because they get violently ill or whatever and must retire or drop out of the workforce or worse they're laid off... and really really need that fucking money, POOF it's gone.
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  32. So... it's not ruining the stock market yet, until it does. Got it.
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  33. The entire hating on short selling was just stupidity pushed on with other pluto-rats wanting to bust shorts out of over shorting certain names back in 2020 and 2021.
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  34. You can name our odds trading stoncks... and there are ways to mitigate risks. Outright gambling is worse... the odds are known and they're you're fucking better off lighting your money on fire than buying a mega million or powerball... even scratch ticket that you have 1 to 4 odds... you're better off placing "decent" trades on decent companies. Or really knowing the market and taking $20 or so dollars you would have thrown at lottos... to throw at at the money options on AAPL or some other jumpy stock same week or expiration for giggles. Because that can double or quadruple... just don't do it very often. Only as often as you would normally bought a lotto ticket lighting money on fire... instead... use that gambling money on higher risk bets on stoncks... or options if your so frisky. At least you have 50/50 odds... instead of near 0% odds of winning anything. SO I disagree with playing the lotteries or outright gambling at casinos... those free drinks are overrated. If you're going to gamble.... just buy some stocks. Worse comes to shove you can turn it into a long term play. Feeling frisky and have studied the price action on some stoncks... play a call or two short expiration for giggles. Or a strangle trade. Or hedge a trading swing position... selling CS put on one name and maybe buying some shares on another rolling a covered call. Writing options tends to be better bets than actually longing options since 70% of them expire worthless anyway.
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  35. I do dislike the idea that investing is a for sure thing over trading. They're both equally risky (considering you learn the skills of both)... don't learn the skills of either and you're screwed the same too. Both involve risks. And both can make you money or lose you money. One does it quickly, the other does it over a long period of time. Outcome can be the same.
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  36. I just hope you're learning son. You're not worth spit if you didn't see this one coming. Internals and breadth were horrible. 2020 names were shot in 2021... and in 2021 the medium caps were shot... and it was obvious the topping process for the mega caps we see now were being taken out. This is common between ALL major market bubbles. If you didn't have this video out 6 months ago... you're lost. You need to learn from this so you're value as a financial advisor is actually there. Otherwise, your profession as a Financial guru or advisor is zilch, nothing. Even harmful. Take up other line of work. This was obvious... the most obvious and most ridiculous spectacular bubble and it played out just like all the others... I mean you could have taken advantage of the typical rotation trades in these cycles... maximize those profits and lock them in. We're nearing the end of that and cash and shorting the market is all you can do soon. Good luck. And happy learning. Maybe someday you'll be more of a real financial advisor and less of a useful tool of big money conditioning your customers to being dutiful bag holders.
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  37.  @abetts123  Steve Van Meter is the worst LOL! He's horrid at making calls, and a year ago got his momentum trader junk for free... which (not sure if he has) was considering charging for it. I couldn't make heads or tails of it. My trades were good enough. His videos were repeated nonsense. And wow if you bought TLT 2021 and into 2022... way down. I think I dumped most of the really junky ones like that in fall of 2021.
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  38. Influencers are generally useless empty headed clowns. Cartoons. They have no interest in their "fans" other than how much money they can make directly or indirectly (ad revenues) from these unwashed moronic apparently clown fetish masses. Culturally I hope over time this becomes a lesson in life for the younger and just more dimwitted to see all ads as just a scam. Even the "decent" ones... seriously, they're not going to tell you not to buy their hustle. They're not going to say how horrible whatever they're selling is. It's childish to take any of these people seriously. Even youtubers claiming expertise in a field... should be taken for a grain of salt... they could be lying. Check their citations... their sources. No sources... it's some perv pretending to be a NGYO and hoping you send them pics of your medical conditions. We better learn from this idiocy.
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  39. From the not too far future: All those tik tokkers are major bag holders... unless they dumped at the top.
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  40. Except frying the egg whites and yokes separately, I do all that! Yo Brah! Whites and yokes separate... who the heck does that... that's just like totally weird. But yeah, to the moon brah! ;)~
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  41. The other problem with Vanguard and Block Rock; they own everything in foreign countries with less protections on their citizens. They're spooky outfit... and to boot, their funds for us peasants in the scam of the 2 centuries the 401K are very expensive and just flat out bad.
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  42. Year or so later: TSLA 174.48 Workhorse 1.55 GM 35.81 Ideanomics 0.1154 yeah... don't look to tik tok for your trading advise.
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  43. I was in and out 15th and 16th... made a little money. Then done didn't touch it.
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  44. Fake worthless internet money and NFTs last several years... home prices doubling sometimes quadrupling in just 1 year's time after already doubling after 5 years? Meme stocks? Used cars and RV's (and more and more destitute in living in RV's in the past decade in the Corporate States of America), we had a known huckster as president who has billions in bad debt with Deutsche Bank, and now a turd who is part of the student loan you can't get bankruptcy protection back in the 80's as our dip dong as President... And a significant mass of people in the Corporate States of America are so brainwashed Stockholm Syndromed that they demand more plutocratic policies that's F'd them up the rear end for 40 years now. We've been in bat poop crazy land for a while.
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  45.  @erlanddrow7950  Industry space... let's call it was it is... pyramid scam. And if you're involved in "defi" that's now a ponzi scam... and if you're involved in NFT's... Just punch yourself in the face really hard.
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  46. Guess what... they were all, even commission charging brokers, were doing payment for order flow all along. Fuck us with a casino chips that is the ponzi and pyramid scam that is the bond and stock markets of stupidity.
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  47.  @midnull6009  Ultimately all the US banks went bust. Hence the TARP and the later QE utilization power under Frank Dodd Act was given to the Fed Reserve without the need of congressional authorization. But what should happen is an Iceland and several other countries... you simply nationalize all failed banks under a Governmental controlled set of banks. Remark to market all the collateral (loans issued and outstanding.... you bought a house that's only $100K now, but bought it for $500K... well it's no originally only a $100K loan, and you paid 1 year of payments which most was interest anyway on a 20 year ammoritization schedule so you own 99.99K left on the loan and your payments were 2K now only 500 a month, can you manage to make that new payment? YES? GREAT. Same with home builders... you F'd yourself buying that land and lumber material for 50% the current market value... borrowing 25 million... your loan is 12 million now... can you continue building homes? Yes? great Get to fing work and continue building homes, the population isn't even close to negative growth and home construction since 1980 to 2017 has been the lowest since the 1950-1970's by 50%. So we need more housing supply. Particularly due to the fact we build mostly cheaply built temp model housing; that quite literally should never appreciate in asset price but depreciate as does essentially all other consumer goods like a car, airplane, boat, etc.
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  48. Grifters is all these guys are. Yes if you make 6 figures and able to save about 2 to 3 million. You can retire early. But thats 5% of the highest incomes. So good Fing luck.
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  49. By the way, these persons and entities shorting stock... while I'm not against it completely, shorting is highly risky... infinite risk, finite reward... its useful only really to hedge against losses... a not really short, put option to collar a position. Short selling outright borrowing shares is mostly just risky speculative stupidity as dumb as longing on margin. So it's as risky as reddit folks and others meme stocking on the long side to short. Both are gambling their silly butts off. But with an actual edge than buying the poor person tax of a lotto ticket. Just be in and have a time table to get the heck out and price targets when gambling on these meme names. It's fun. But be careful. And has better probability to make some cash from gambling these than buying scratch lotto or big lotto tickets to actually walk away with profits. Actual gambling itself, is really just a poor person tax; particularly the state lottos... which in my personal opinion should be abolished. They serve no useful purpose other than to offset taxes later on , on to the desperate poor who have reached peak fatalism and throw their money at a phony dream of winning it big on lotto tickets... they're as well off as just lighting their money on fire as to buying a lotto ticket. Where speculating on a meme stock with some sort of strategy in mind... you can actually walk away with some profits. Just don't go 100% with all your investment money or savings or money you need to pay your rent. Even on "good" investments, you don't want to do any of that. Because any stock can be extremely overvalued... TSLA for instance. Or even AAPL at present; as we're seeing a fairly big pullback right now.
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  50. Sorry, the banking cartels and nuts of Wall Street since the 80's made banking outright insolvent nightmare insane. This child, just inherited a financial stupidity that is even more insane than the stupidity of the 1920's and prior in human history. All you're asking him to do is tell you a bed time story while the house of cards comes crashing in on this ponzi scheme... oh, and many of these banks, like the ones in the USA have a banking cartel with access to their national debt machine to monetize their insolvent junk debts they sold and made a massive killing... which results in all sorts of inflation... unless you have a race to the bottom deflationary economy whereby aggregate demand is pushed down as the most tyrannized and/or destitute labor... but once that doesn't work... you have normal labor market with an actual labor quantity supply to demand curve... lights out. Inflation hits hard... I mean it's hitting in a colonial labor or slave labor or feudalistic labor system too... it just reveals itself as more quintiles become impoverished over time. In the case of normal labor supply non colonial/empire/salve/feudal etc. you get massive inflation that makes most quintiles besides perhaps the top 10% at least not as bad off. Oh, you wanted that bed time story. I'm sorry.
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