Comments by "" (@jmitterii2) on "Stoic Finance" channel.

  1. Robber baron type plutocratic economies always revert to a feudalistic system. It's the premise to the board game Monopoly. This isn't actually that new phenomena. It's why various laws were enacted to avoid speculative destruction in real-estate such as limiting purchases in a geographical area and time period among a buyer... so that big money from a robber baron or some fund/cartel of big money doesn't come and buy up a bunch of real-estate that eventually becomes a speculative bubble... in boom regions many towns would go bust in favor of other towns that passed restrictions on number of existing units that maybe purchased over a period of time. And requirements to buy more even after expiration of a cool off time frame would including buy one unit, can't buy another for a year or two; then after that period in order to buy another existing unit, you must build one more or two more or three more before you can buy an existing unit again, and then must wait again to buy another existing unit after that for 1 to 2 years. Additionally, many cities and towns were developed with property tax or other grant funding from the county/state/federal government to build roads and utilities; this development wasn't passed on with the sticker price of the lot or the house, rather that was recouped over time via property taxes. So it was affordable pricing to buy the lot and/or house.
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  2. Hence why seeking Alpha shit you get from "news" on webull or other garbage is just pump and dump getting you to be the bag holder. They're not news outlets.
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  3. Fine art is part of the current fomo stupidity though. I would be cautious in buying that now. Wait until we're in deep dark recession and several oligarchs have lost their fortune due to their scams insolvent and others being discovered for what frauds they really were all this time. Be patient on that junk. Billionaires and hundie-aires (100 millionaires) always lament their stupidity art binge they do at times like this... and some who get ruined by bad investments have taken their ruinous losses out on some of this art by mutilating the art that's not worth half at auction that they bought it at. Cash is not trash when everyone is running from it... so keep a size-able cash savings... as far as investments... swing trade energy and commodities particularly fertilizer stocks, lithium stocks, defense stocks, natural gas stocks, even oil stocks on the dips... and on the upticks sell into those rallies... rinse and repeat... commodities... energy in particular are always the last to do huge rallies into the end of a stupidity bubble market.
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  4.  @annaphillips1286  He's selling near the highs before it dumpster dives. He's not wanting to be a bag holder. And he probably wants to "Look smart and heroic", I warned people nonsense. Don't point the finger at me. I warned everybody, I wasn't rug pulling... I let people know I dumped the stuff on retail. And prices stayed, and you had time to pull money even more profits than myself.
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  5. It's similar to Musk "asking" twits on twitter if he should sell 10% stake. Just to be an ass, I would have said NO. I think he would have sold no matter what... just a smaller amount perhaps... or the votes would have been conned bullshit making the results come out yes no matter what.
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  6.  @briannielsen7176  Robber baron 3.0 re-established itself with vengeance since after WWII. You cannot have an aristocracy making up so much of the wealth and income of the world while the vast majority of the peoples can't afford rent or their homes, take up living in their cars and tents and if lucky camper trailers. When real-estate goes through the roof, you can see throughout all of history to that of ancient Greece let alone Ancient Rome, that in all times correlates to world wide war fighting both types of war by other nations against other nations, and civil war. Aristocracies are a parasitical festering, they're not mark of a successful sustainable economy, they're a mark of a rotting economy, always.
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  7. They want to think Communist China isn't communist. They don't care about dictatorship... most capitalists nations are dictatorships, business is a dictatorship. The fact that remains, dictatorships of businesses saw the dictatorship of China would essentially force their labor with no choice to produce for a bargain wage, even subsidize those wages and as importantly they would subsidies non persons inputs; material inputs from raw material to sub assemblies would be subsidized by the communist government... already was... many state business in China contribute to the private businesses in terms of inputs... get massive subsidies for placing your production in a slave nation. And this can bring down your own nation where democracy was waxing can now wain as labor in the more democratically socially liberal nations must now compete with tyrannized serf labor. Race to the bottom folks. Its why the debt that has become so big, various nations are attempting to inflate their way out of the debt. Even China in debt to their eyeballs after the western nations fell apart in debt, building ghost cities; this kept commodities alive and kept the juggling act of debts going... short term support to the western nations. Fish monger is just saying this because he's ego tripping. To paraphrase he thinks its fantastic at least in idea that evil socialists have saw the light. And become greedy pigs of capitalists and that capitalists are the light of the world to which brought China and everyone else more prosperity. He ignores the blight even in China that persists and is only worsening... the burnt out world wide labor force working hard for very little to nothing. The prosperity stagnates into a few... just as dictatorships and capitalism always brings. Communist China was in essence state capitalism to begin with. Even the USSR was just that. Change the labels of the elites from leaders of the people to CEO or CFO or chairman of the board. Their economic systems were essentially the same... their goal of politics is essentially the same... rule by the few. A plutocracy. And they know labor will eventually strike individually and collectively as they're doing so now. You can only pee in someone's face for so long and claim its raining... until they look above and see the tally wackers, not rain clouds.
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  8. If you didn't buy this last dip a little, having a plan buying carefully, this is take profit time... on a rip your face off dead cat pump that will crash hard core once again very soon. This isn't a good market to trade (especially swing trade) maybe day trade, but don't day trade breakouts in this market. They'll fail more often than they'll succeed to go up. This is far from 2020 and 2021. You have to place your bets carefully and with some sort of thesis. TNX couple weeks ago dipped to 1.6% this was stupid considering the inflation and Fed about to raise rates albeit only 0.25 basis point, but ending their bond buying QE program. So buying banks on the dips made sense considering TNX would rise... well it did... 2.3% already... and my bank stock purchase and roll of covered calls and dividend from the bank I bought was good trade. Dip in energy and food trade was good to buy... but it's a bounce over a small period of time from the rip to the upside and rip back down. XLE is topping back out and will dip... that dip in XLE which includes food stocks including fertilizer companies will be back up... but right now you sell into this rip... and prep limit orders and alerts to sell cash secured puts to acquire these as the dip will be bought again. TNX will probably dip, TLT over sold, will pump reducing TNX and XLF financials will dip again... for a short period of time... buy that dip. Seasonality... we will dip one last time, SPY 400 to 390 maybe 360 (but doubt it dips that far). Then Seasonality we will have Sell in May and go away... buy the dip in June or July and sell again in August/September. SO far that's the strategy to play. But don't fomo into rip your face off bear market rallies... or you'll be holding bags for a while. And stay away from same week or short dated option contracts lotto plays. You're more likely to lose your entire gambling in those... its better to sell upside calls... and cash secured puts in ways of selling and acquiring the underlying. And of the underlying, develop a thesis that makes sense. Don't go after growth stocks, and be reluctant to buy discretionary XLY stuff. Go after XLP, XLU (albeit make XLU a small size these don't move much and they're over valued already), XLP is good... and look for XLE and play the dips in XLF getting good banks aka boring banks that do most of their business in the most stable countries and have a good record of not getting to mixed up in commercial banking activities selling CDO's and the like... that stuff is still the trash legacy of 2008 that never was prohibited and corrected... it's still absolute trash. And stay away from money losers zombies of the IWM small caps, look for money makers specific to energy, food, fertilizer, consumer stable like stuff for now going into the entire year of 2022. And flip XLF financials here and there. Buy on the dips and sell into those rallies produced by treasury bond yields popping up and dipping again only to pop up again as inflation will continue all of this year into next. But don't get to heavy on financials... when we start to get bad earnings, marking an imminent recession... XLF will tank and so will QQQ and the rest of the market ending this bull market completely.
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  9. Yeah... then he goes on to explain the Peloton stupidity of the markets. Brainwashed.
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  10. Bear market never left... this was a bear market rally. These past 40 years was lowering of interest rates. And each time this ends in debt binge too much... we get these topping patterns and then the bear market... we're in it.... at least the topping pattern which acts as a bear market that has rallies that CAN (not always) challenge all time highs... or flirt like it's going to flirt with all time highs. Then we enter the real capitulation bear market which, barring a real black swan moment, will happen around September/October this year. At which time, red days will be normal... and people once lamenting stoncks only go up... will say stoncks only go down. And over time those who experience these periods will be turned off stocks forever. There's reasons why older ME and X'ers as well as boomers are very skeptical about stocks while the younger ME and Z's have yet to experience a bear market. It's not... oh it dipped hurry buy it. It's the dip that keeps on dipping... and beyond the market... you're typically worried about employment... losing a job, looking for a better job... and you need money honey... and you tend to sell those shares you were once diamond handing because nobody likes stocks... every day, month, year over year down down down... and you realize the con job stocks can be. And then when a bull market happens its swift and quick. And you realize the scam that is the stock market. And you'll look into the joyful eyes of those younger than you who never experienced the bear market and you'll know this will fade quickly and lots of bag holders in the making once again. Rinse and repeat.
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  11. Watch out for USDC too... because they have lied as well firstly stating like tether that $1 for 1 tether or $1 for 1 USDC backing, when finally they admitted USDC has 60% in cash. The other in various other "investments". And like tether, Circle has constantly made and broke promises that they were going to do a full independent audit. Still not happening. And they've promised this all of last year. Nothing. Crickets. The other problem, Circle stated they would (they meaning really one guy show here) that he was going to get a banking license and become a bank. Nothing. Crickets. And like Terra and even many Tether based exchanges, they offer staking these poker chips for high interest rates. Entire stable coin idiocy is why crypto pumped so high... it was a fractional reserve banking nonsense that always, always ends on a run on the bank. Still does in our current fractional banking system, but we have FDIC insurance covering $250K per bank and deposits in that bank per person. And SIPC covering a little over $500K on all assets stocks, options, and cash in an account. Look at all stable coin minting... the minting of these coins correspond with the insane price increases in BTC, ETH, and many other crypto. It's a pyramid scheme with moments of Ponzi when various exchanges and stable coin makers themselves offer high interest rate returns if you lock your poker chips up. Stay away from crypto. It's garbage. Complete and utter trash. One that will haunt you after you lose all your money by way of the many bad movies, that will no doubt be made from this $2 trillion dollar epic potpourri of scams. At the heart of the crypto is the stable coin scams. And they're all bogus. Good luck. Cash out now... or I suppose you can find the mental support group of Terra holders :( And let's just end this garbage now... this shit will have ruined more people than turned into real money millionaires and billionaires. There is a reason regulating bodies like the SEC was founded. I know the indoctrination of stupidity "markets" know best... when markets know nothing... they're dumb efficient at one thing squandering through something you want to sell or buy at whatever the market will bear or you can bear. That's it. You can swap something for something else. It doesn't tell you if it was wise, dumb, beneficial, good deal, bad deal, what might happen later, what you might need later... nothing. Rules of markets just as in planning are a necessity to have a prosperous decent fair bountiful economy. The mindset that markets all by themselves unfettered will magically form a prosperous economy... has always, always resulted in quite the opposite... usually famine as in no planning on food storage for potential bad crop yield, or putting too many food suppliers out of business on a high yield season causing the next year to have to few of suppliers and rendering the population... starving mad.
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  12. The communist out capitalist the west... primarily because capitalism is a dictatorial thing. Tyrannical in all ways. The communist elites thought... wow... we're just that, just that we call our selves communists.... state capitalists perhaps? And the Chinese elite envision some day moving toward a more social just society... isn't that like the capitalist nations screaming about how we'll slowly get there moving to a prosperous society for everyone... so long as you're not a lazy bum? The two are more of the same than we want to admit. Only difference is one is more subtle in their bullshit the an the other.
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  13.  @bromosome8049  Well, not sure about this strain, but the initial and even delta... it overwhelmed hospitals. People in Europe actually go to the doctor when they're very ill instead of dying at home like here in the states.
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  14. Race to the bottom baby. There was never any real demand other than debt binge, and that went hyper during the pandemic. Supply chains had for the past 40 years never kept pace because it felt even with the debt binge an overall decline in demand relative to the growth in population. And race to the bottom complete... imperialism, colonialism, twice recycled term globalism (so lazy we got a hand-me down term for this robber baron economy) ran its typical course.
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  15. 9% doesn't mean he's considered by The rules under Section 16 require these “insiders” to report most of their transactions involving the company's equity securities to the SEC within two business days on Form. So... no. He's just being a weirdo scam jobber as usual.
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  16. I like Jeremy Grantham... Ray Dalio though... is a dipstick.
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  17. Fox New, AM radio under the putrefaction stinky cheese man now making a stinky stink in a cemetery somewhere, etc. They not only made out like bandits getting fools to pay money out their anus... but brainwashed lots of fools kicking themselves in the nether regions turning themselves into doormats as they all think they'll be the bully soon trillionaire in waiting. :)
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  18. You can thank the Fed Reserve for making it go completely stupid. But even prior to the Pandemic era stupidity of the Fed Reserve Cartel Banking system, you can thank Zillow and their ilk for pump and dumping the market similar to that of tether... turning it, if you they would, into an untenable insolvent pump scheme, whereby they would use debt as their form of tethers, to pump prices buying properties on the ask and above the ask, using "cash offers" as their debts were cash advances to speed purchases as well as foregoing the due diligence requirements of having inspectors evaluate and using those evaluations having appraisal analysts to provide a fair actual price. This speculative bubble was prior to the 2020's. Homes are like vehicles... they depreciate, they require constant expenditures as they deteriorate over time. Therefore the only thing you can substantiate is the scarcity of the ground the dirt the home sits upon based on the local availability of land. In no nation is there a growing population to substantiate the value of land. Especially non-productive land for the use of residential housing. There is plenty of land. Like many objects aka assets, prices have gone upwards due to speculative stupidity. Since 2011 many homes were being purchased with a bottom by speculators from around the world, figuring at least a dead cat bounce perhaps would take place thus opportunity to profit on change in pricing. This rush to home purchases both single and multi dwelling units caused instead of a dead cat bounce, but a ballooning extreme wave 5 like blow off top. This caused both rents and home prices to go beyond affordability based on pay. Extremely faulty governmental inflation reports, particularly in the US, played down those figures. Other countries encountering larger than normal homelessness and widening periods of homelessness saw some nations seek to end the speculative bubble that was causing a feedback loop, homes sitting vacant as to become an easier medium of selling for profit when the time struck the new fomo owner. Which only added to the burden of less supply of homes available to actually live in. Demand remained essentially constant, but the supply cut even shorter... so Toronto for instance, placed a tariff tax on speculation to help reduce this miss-allocation of resources into empty apartments that only suck supply out despite no shift increase in demand (the speculative bubble feedback loop). Major flaw in many nations in housing was that many dropped the necessary measures in ensuring homes built both individual and multidwelling units would at least cope with population growth even when population growth isn't as large as it was 40 years ago. They instead focused on the massive bail outs of banks and financial companies. The real rulers at the moment of all nations. What governments failed to do in many nations (some exceptions exist like Vienna Austria with their housing program which even very affluent sign up for to live in these dwellings), was to assist developers in the poor purchasing of land at the stupidity high prices of the 2000's. These developers fearing a dead cat bounce, many went bust with no assistance than no longer existed, the survivors of these developers just went slower... only building homes when a purchase was already completed and fully funded by a bank; thus supply was slow on the uptake. It was never a housing supply surplus over the 2000's to the 2008 great recession. It was an un-affordability crisis caused by massive leveraging and speculation. It was treated as if there was just too many homes available. Which was quite wrong. Supply was always insufficient. Market manipulation via over leveraging caused by decreasing interest rates and the entire CBO and selling tranches of these mortgages encouraged ever more lending and borrowing at higher and higher principle amounts of loans banks loved it as this was the filler to pad their bottom line as interest rates went down: financial and banking had a vested interest in pumping the prices of real-estate to offset the persistent lowering of interest rates. Real-estate prices rose to high, and the quality of the borrowers ability to pay under the terms of variable interest rate loans, requirement of an ARM just for the down payment (aka no down payment but a loan for a down payment; a loan for a loan), holders were paying 2 mortgages: the ARM and the primary mortgage... then top that with variable rates, when the Fed decided to raise interest rates to cool an over heating speculative economy, this hit those poor credit worthy people ability to pay the new monthly payments at the higher interest rates. The entire economy slowing, made even decent credit worth people to become jobless and require them to relocate for new jobs and to sell their homes flooding the market with sellers. During this time people moved back with relatives and/or found roommates or even family mates to shack up in 1 or 2 bedroom homes/apartments as employment became a problem. At no time was sufficient homes available in many of countries, in particular the US. US and many other nations abandoned the much needed basic good requirements of shelter to ensure the AFFORDABILITY and QUALITY of CONSTANT supply of housing to meet the requirements of a constantly growing population. No nation is really negative in population besides a few. What we need are housing programs. At no point point in time did a speculative market provide quality and affordable housing to an economy. Such a thing has never happened... in fact laissez faire allow to do markets in basic goods like food, but also housing, literally turns out with horrible consequences, as the term suggests of laissez fair or allow to do... such markets laissez fair allow to the food or housing market to become a speculative bubble miss-allocating basic goods causing abrupt shortages and demand. Cause of many riots, civil wars, and wars alike; an entire collapse of economies. Markets aren't new, they're not smart, they're just a method of transacting goods and services. Laissez fair is a stupid propaganda nonsense that we now suffer from in the housing market. Similar to banking and financial. These markets are allowed to do all sorts of stupidity things that ultimately ruin everyone. Perhaps a few scammers make out like bandits and luck people in early on the asset and selling at the right time to get in and get out. But on the whole, such stupidity unstructured and nurtured regulated markets are a butt hole for everyone else. And have been the reason for the rise of many tyrants and riots and civil wars and wars alike a complete chaotic collapse of nations. It's pure stupidity. Forget your Ayn Rand stupidity rants of dumbness. She forgets the gangsters that came to rule her home country came about because of the economy prior... similar in its scope of stupidity. Double downing on that would only do more harm. So we need housing programs. Otherwise the only way housing really becomes affordable in most places in the US is when we hit recession and everyone is broke as they're under employed or flat out jobless aka little to no income... at that point lower prices aren't low enough. So you'll likely get your lower prices on homes at some point... but you may not have a sufficient income for those homes at that lower prices. Hence we need a housing program. We had them for most of the 1900's after the great depression. But were faded to the point of none-existence since the 1990's.
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  19.  @sukhmaidickoff  Last year I experimented with crypto... mostly trading it... but I also mined a little of it, and moved BTC and USDT and USDC and a few other coins from one wallet to another. My conclusions: 1) It cannot scale. Times when the nodes were busy moving money from one wallet to another (for me it was moving BTC or USDT or USDC from one exchange to another like Coinbase to Bittrex. The "gas" fees to send the money just to yourself could become as high as $100 to as low as a $2 to $3... some exchanges charged a flat rate of $20 to move your tethers or other coins to your own wallet or to another exchange account you have. Sending money to one wallet to another is same as spending the money. Also, at times when the particular crypto's network you were moving was busy, it could take as long as a week to get the required 7 or more confirmations to where the exchange would agree you truly did put this much BTC or ETH or whatever on your account, and credit you with the money. Tokens like USDT and USDC were faster, as they just simply ride the network of another coin like ETH or Tron... usually completing in a few hours instead of 9 hours to several weeks for the accredited period to say you truly have the money available to sell or withdraw or otherwise move again. The cost and the time make this stuff impossible for any actual use for real money needs. And there is no security. If you move USDT that's on TRON coin to an ETH coin wallet... you have a strong chance of losing those funds forever. It's gone. Somehow you get compromised on your wallets, that money is gone. So no security. Therefore it solves nothing that traditional transaction methods haven't already provided. Crypto is more expensive, time costing, and less secure than all other transaction types from ACH which is free typically, to AMEX or Western Union or major card companies, Paypal, Venmo, etc. Really, crypto solves no other problems, but only introduces new ones: Scalability, security, timeliness, affordability, value discernment, etc. I researched deeper into the MT Gox era and then Tether and Terra and Circle stable Coin eras... and discovered the liquidity of this stuff is one giant gambling pyramid and ponzi scheme farce... hence why tens of billions seem to trade every 24 hours.... it's tens of billions of tether that is trading, not fiat money. Only a fraction of this poker chip like fiat derivatives hit the exit to fiat at any given time. Keeping this going for a long period of time, just waiting for a period of time when a run on these things happen. And these sorts of pyramid and ponzi schemes always have their insolvency events. As they add no real money inflow via some production value... they're using inflows of other people piling in, to pay out those piling out. I then checked to see if my USD fiat holdings in Coinbase and Bittrex were FDIC insured... thought they would be. Nope. So even my cash on the sidelines while I wasn't in any trade on the stuff, was at risk. I took my money and what profits I made off these "exchanges"... currently US law classifies them not as exchanges, but as payment processors. Hence why they're not SIPC insured and not a member of FINRA. These crypto exchanges go at lengths to distort their backings too. Instead of being straight forward about the fact that your account is not FDIC insured... they'll (Bittrex) will mention how they took out over a hundred million dollars of insurance against any losses they may get due to security issues. Coinbase goes to the extent of stating the banks Coinbase uses to do business, that those banks are FDIC insured... which falsely gives someone the impression you get pass through protection... you don't; Coinbase's accounts on that bank are FDIC only for that limit of protection for their account and nothing more, your accounts with Coinbase mean nothing to the banks that Coinbase is banking with. And worse, they speak about FINRA as if they're a member without directly lying and saying so, instead they go on about how "they're governed" by FINRA. Basically, they report their dealings with FINRA and FINRA just monitors them. But there is no membership between these payment processors... they're not exchanges currently in the eyes of the law as of the time writing this. They're payment processors. And they're just silent on the fact that they're not SIPC insured. Lots of legal issues open up whenever crypto gets flagged as a securities. Basically, all the crypto on the market becomes illegally traded non-originated pseudo securities breaching many tests of a securities... and in fact probably aren't a security at all.. at least not the decentralized crypto... they're more of a commodity. Really, crypto just presents more problems to finance while solving nothing. So... I'm kind of out of the thing. Will watch the tulip market from a distance.
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  20. And the music hasn't stopped yet... get ready for the most ridiculous scams... many are obvious for us slightly older folks. The many scams of Musk. But then there's the crypto stupidity tulip idiocy an open scam whereby one can see the numbers of USDC, Terra, Tether, etc. goofy fractional reserve pyramid scheme right in front of our eyes. People look at market cap as if it has any real meaning at all... as it doesn't. If I invent a good or crypto coin or some other item and have so much of that thing supply... say I make a billion of those things... and immediately one person buys one for $1... that now has a market cap of $1 billion dollars. Doesn't mean that much money ever was exchanged or went into the stupidity... literally only $1 dollar... on person bought my thing of 1 billion things outstanding. Suddenly... market cap $1 last transaction times 1 billion things total... $1 billion market cap. Useless notation. Every idiocy bubble in the last century going wild: robber baron collapse of the 1924 to 1929... to the moronic stagflation induced by idiot monetary policy from 1968 to 1978.... dot com bust... real-estate bust... bankster bust... all at once in the biggest bubble ever... get ready to find out some of these firms were cooking the books... profits reported if they even bothered to report profits as many didn't even need to show they were making money... will be similar to the phony numbers of Enron, Qwest and Global Crossings, Worldcom, etc. This one, while big in comparison to the exposed frauds now... will be just a tiny footnote in a cornucopia of frauds that are still playing out. Every idiot scam put in place in the last 400 years is being used upon lots of rubes in the last decade. Lots of shitty movies describing how we were so dumb and unwarranted of ignorance (all these scams have been done repeated since recorded history but nobody bothered to google it, or they just thought they'd scam it up themselves knowing merit driven income and wealth reward is gone and has been for almost half a century only the liars and cheaters make it at all and the productive worker makes absolutely nothing but a mountain of debt they'll never get out of or if they played it safe and saved,just simply a savings that won't amount to anything, so they jumped into the fomo of scams upon scams on scam mountain). Get ready for some seriously interesting stupidity to come to their eventuality.
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  21. All I know is the circus is getting more clown like as we go on.
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  22. Quit calling retail investors buying the dip... all retail can do is buy some calls and stocks... they make up only 10% of the stocks. 90% is various big money: banks, hedge funds, large trading desks, pensions, really rich persons portfolio allocations, foreign allocations, etc. Those are dip buyers. Retail... retail is largely upside down. Particularly the reddit and Ape and the like. They don't have that much money to do much, and most of their stampede in meme stocks and other stocks is rather over. The so called dumb money is already rekt. This is a battle between big trading desks who was helping pump meme stocks and currently the mega cap stocks in a game of chicken. The dumb money at the top. We only call it dumb money because we suspect the poorer you are the dumber you are. A bad cultural stupidity pretending we really have meritocracy... frankly we don't. We have idiocracy. The dumbest stupidity so called assets aka junk and shit and vomit was sold and pumped by con jobbers to big money and small money. The chicanery of the hucksters cashed out at various times and highest prices to lock in profits selling all over all our little retail heads. The remaining is big money playing a game of chicken with each other. Some using options as a manipulative method to buy up same week expiration contracts to force gamma squeezes, the big money dumps these call options as premium pump. This pumps implied volatility over a few weeks of mechanical manipulation, causing this gaming the call contracts sightly out of the money same week expiration, those calls become so expensive in premium, that actual underlying stock price reaches in the money on the calls they bought, there is little premium increase if any, so they stop. And when bunch of entities persons or trading desks dump call options and forced a gamma squeeze, the dumping of the calls generally means market makers closed out open interest and no longer have any reason to keep the underlying stock the market makers bought that forced the pump up... so they dump those shares.. price dumps sometimes violently. Hence the pump and dump in memes... as well as some small cap stocks that were yet to be "meme's" think the phony IWM pump that had the epic break out only to dump back down. It was all part of this options mechanical manipulation. Since about October in to November these big money options manipulators moved on to mega caps rotating first to TSLA than to AAPL and then trying a stab at MSFT and GOOG and others. They sometimes return to them if IV has come down... but generally it can take couple months or more for the IV to come down to normal again to allow this gaming option market makers to be profitable. Basically, the markets are broken. An exploit that SoftBank was found to exploit in 2020... buying calls same week expiration and occasionally assisting in pumping the stock price via buying the underlying just a bit, causing market makers of options to buy the underlying forcing gamma squeezes, the profits to SoftBank was then selling the call contracts for the bloated premiums on those OTM now near or ITM contracts... not keeping them open to purchase the stock. Market makers then dump the stock as open interest remains low... underlying purchases no longer needed. Sometimes they'll institute put walls to encourage market makers to same week to support the stock price so puts OTM don't go ITM. So long as calls same week are not quite as big as the puts. This put wall manipulation is very expensive and risky... the primary one saw done with this was TSLA with OTM same week puts up to $4 million every week money just going down the toilet... but they were also buying a spread of calls not to create a call wall above to at least break even on that... then once they got a certain price they were targeting the abandon the put wall, and just do call OTM huge volume buying and dumping to force the gamma squeeze they were seeking. That's what's been going on over the past couple years. Retail is largely useful idiots assisting in price floors, occasionally causing a stampede in lower (under $20 a share) stocks, and big purpose is to put full blame of the manipulation on retail traders as what some of the big money is doing is probably illegal in the amount of options thus potential shares would require intent to hold over 10% of a company requirements... also this exploit will probably end as market makers are probably losing a lot of money; their automated market maker programs may start to cause premiums to pump faster than in the past making this options manipulation no longer profitable.
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  23. I had puts start of the year and bought lots of them as we started to dump. Sold those. And no long positions... started buying I Series Savings Bonds 7.1% right now... accrue monthly lock up is 1 year, penalty prior to 5 year cash out is giving up 3 months prior interest accumulation. They're non-trade-able and US citizens can purchase max yearly $10K. So safety... and the interest changes based on inflation as well as interest rates... so inflation going up and real interest rates going up... 7.1% is looking to go up... next change in rate in April... the variable rate changes quarterly. My other money is day trading... puts and calls on the SPY... nothing looking good to swing trade (more than week or month out) sort of trade. You have to cash out at the top. Being early as the guy in the video describes. Otherwise... you're holding bags.
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  24. "It's not in tech those have been cut in half some by 80%". Yeah... that bubble just popped. And many bought your fund and the underlying at the tops to pump the chicken. It's over lady. So over. That type of stupidity we see NORMALLY once in a century. But in my life time, this was the second time. And you can thank the structure of the stupidity of this economy robber baron 10.5 over the past 400 years of stupidity markets of recorded history. And the Fed from high to low interest rates and leverage gone stupid. She can't spot a bubble if the bubble pot right square in her face. Which it did. Splat, pie right in her face. And denying the cream filling smeared all over the place. And the only reason equities/stocks as well as real-estate or even commodities have been hot... oh yes, debt printer go burr... high to low interest rates over 40 years... money printing... in a debt base monetary system it's debt lending and borrowing go burrr... that's the fuel of all the bubbles... again she can't figure out how bubbles form or what bubbles do.... she's a scammer... she's a hype artist... she got lucky in the scam of a pump and pump... unfortunately managing a fund doesn't head straight into cash and sit for a while. It's why she was fired from a fund prior to the ARKK funds. And again the ARKK thing over the past couple years was flash in the pan, a hustle that just happened to get speculative stupidity. Without the pandemic, we were already headed to recession and all this stupidity would not have happened. Pandemic, introduced cocaine that is the debt lending and borrowing go burrr which fueled the speculative mania. She lucked out on that as all hustlers and con jobbers did as well... the ultimate con crypto moronic stupidity on an open fire nothing new and Musk among the biggest famous con jobbers of them all. Tether and all the stable coin nonsense will be immortalized in the most shittiest movies ever made.
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  25. Just now 9:44pm MT it's at 65 cents and declining. Right now... we just have day traders playing fib extension swing trades on this stuff. Along with doing goofy stuff with Luna the collateral underlying that you can trade 1 UST swap for $1 worth of Luna. Luna right now is right now 40 cents USD... on Kracken. The stuff is sort of game over. Spooky part, Luna is mostly traded on tether based exchanges... and USDT... but even USDC have straining on their pegs right now, and over the past couple days since Terra bust. They're all interconnected. This is gonna get interesting... fast.
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  26. Tether and udsc is the heart of the crypto scam. SEC, DOJ, Fed reserve, and US Treasury are aware... hence the approval of more gambling instruments aren't being approved.
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  27.  @patrangela  Government checks are done long ago. And those tax credit give away is just a tax return advance. None of the money provided thus far really does anything to avoid the higher rent and mortgage prices and other prices. At first, there was the unemployment that potentially could pay out equal wage for loss wage if laid off work. And some employers paying such shit wages that it was more than their actual wages. That only lasted for a few months last year. It quickly was reduced last year to $300 Fed plus whatever your state contributed to unemployment which in most states is not enough to pay the bills, it just helps draw downs on savings to be not as severe. Most people I know leaving is as follows by majority situation: 1)They got another job. And it pays more. And aligns with better career ambitions and desires. 2) They were in and out... job hopping... this one was probably a jump at quickly getting the first offer out there, but a better offer quickly came. Hello goodbye. Employee Churn baby churn! We can't keep anybody LOL! Not even temps via a temp service. 3) I had pent up plans due to the pandemic. Now I can do those... going back to school, or moving to this region here. Housing market made it easy her in Idaho because it got to goof ball lotto prices and now can move back home across the country and buy a home outright and still have cash left over. 4) I'm near retirement... or well passed it. I'm done. My 401K and all other investments are up, and I can sell my house in this shit stink town and rent for a while and by another from much cheaper already, and soon even cheaper elsewhere. 5) Various infliction: car accident, stroke, heart attack, etc. Cant' work anymore. All elderly workers thus far in this boat. 6) I have sick parents and/or other family elsewhere and have to take care of them. I'm going to cut my hours I work if I go back to work, do part time... but my working wasn't necessary, hubby makes enough money. 7) I have a kid now. We made enough without my work. I'm out to take care of kid and be a stay at home parent for a while until my kids a toddler perhaps.
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  28. Only persons using twitter are... well... twits. Seriously, nobody I know uses Twitter. Nobody. It's garbage. And what's annoying is that it only became a thing for the oligarchs of the world, western world, to replace reporters.... instead the 6 consolidated news media ie propaganda network to relay whatever narrative the oligarch Tweeting wants to put out there into the brainwashing conditioning space. Twitter just killed journalism... no need for reporters, just relay what oligarchs want you to hear. Combination nobody uses it... and what it is used for, why everyone has heard of Twitter, that it's an oligarchs' way to poop out narrative propaganda... and killed reporting. That's why people are annoyed by Twitter.
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  29. Crypto is a scam at the heart of it all is the poker chips aka tether circle and terra. Face it, biggest bubble ever that will end horribly for those morons putting their butt in the frying pan right now.
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  30. I just figured before GW's invasion, that if indeed there weren't any WMD's that Bush and his entire administration would be serving as human road signals in Iraq for the remainder of their likely short lives. At least they would see criminal prosecution for lying. But nope. That's were I have discerned our government in the US is a complete oligarchy subtle than Russia's, but the same.
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  31. Musk is a con jobber... he's only doing it because he knows he's in deep shit. You'll see... another set of shitty movies in 10 years to come.
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  32. Problem with crypto is regardless if you use tether or not, the entire liquidity of tulips comes from tether scam. So when it goes bust, which it will, probably soon as they're super nova tether minting go burrr mixed with real money inflows dwindling into this junk... entire crypto market gets reset. And face it, it's the worst possible method of payment making. Huge transaction fees just moving money between wallets compared to alternatives. And the rise in price as a "store of value" was only tulip mania mixed with the con of our century with so called stable coins particularly tether but USDC is suspect too, and affiliate exchanges. Be warned. We're in the most idiotic speculative bubble probably ever. Extended and made worse with technology that allows even more people like myself to participate.
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  33.  @TheSportsPROgram  That's because you've been conditioned. Keep in mind, scams like this typically last from 10 years to 30 years... Bernie Madoff 30 years , Enron 16 years, WorldCom 19 years, Theranos 15 years, etc.
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  34. And this and his why I just recently unsubscribed from the bozo the clown thesis "markets are magical fairy dust and capitalism saves us form chicken noodle soup!" Yeah... sure... he's just another hustler. I'm just here to check... that yep that was the tulip clown he interviewed. Listen to this guy at your peril... suppose you could use him to fade stuff.
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  35. They're going to be like Z... holding a bag of real-estate nobody can afford. Or like Evergrande and all the other developers... holding bags of debt they can't roll over anymore and no demand to dump their bags for cash.
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  36. Just like all crypto... unless you road the fomo and bought low and sold high in the momentum.... the stuff is pure unadulterated trash. The only reason crypto has pumped so high for so long is due to the poker chips of tether.. and other stable coins like Terra and USDC.
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  37. Crypto is just a scam by the stable coins and their casinos aka "exchanges" aka "payment processors" as they're considered in the US so your USD on the sidelines deposited are not insured by SIPC.
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  38. TNX will probably rally to 3.1% and which is a trend line range top downward sloping resistance line since the 80's... since this entire post Volcker dump in yields. So TNX to 3.1% then we probably will see a dip in this yield... but I suspect it will become a rally in the already, but to be even more beat up TLT. And if we don't already have an equity sell off underway to test the lows once again, we'll get it at that point on the TNX.
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  39. "Markets are efficient in the aggregate." Then you go onto explain the sheer stupidity of markets. Dude, just take a breath. Markets, governments, individuals, collectives of people, etc. are all part of a structure of a system. The system is rotten to its core. Markets are magic. They're a product of a system. So... sorry to terrify you sir. There is no magic. Magic funny fake internet money... nope. No magic. Scams yes. Con jobbers? Sure thing! Decent people... yep. Bad people.... yep. Stupidity... lots of it.
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  40. Yeah... you were riding a series of scams... hope you locked in profits. Holding any of this garbage for 10 years... demonstrates you've been conditioned. Keep in mind most scams and chicanery lasted a decade or two or in the case of Bernie Madoff 3 decades.... before falling apart.
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  41. There's a whale again... got a few pies in their face earlier in this year... last year they played the same game. They buy a bunch of call options same week expiration only to cause market makers buy the stock to cover the calls they just bought. Market makers buy the stock upping the price, options call premium whale just bought goes up. Whale sells those calls they just bought. They then up the near ATM or OTM call options again a few days or next day later or even same day... causing market makers who just dumped some shares no longer needing to cover... to buy again. This happens for couple weeks to 5 weeks until the implied volatility shoots up often about over 90% which makes the options not respond to price change that significantly making this buy calls and force market makers to cover and pump the price buying shares non-profitable. Once this whale or series of whales stop buying calls... market maker holding the bag of shares that once were used to cover calls they wrote, to sell their shares as nobody is holding those calls anymore no open interest. So the price of the stock tanks. It's a pump and dump. AAPL and Amazon many stocks last year and even now have had this happen... all year this is how most of the meme stocks moved.
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  42. I know a lot of people shorting AAPL tons of others... it's not reasonably priced. It's still over valued. AAPL is a good one to short really it lost a massive trending line... not risky at all. And you can make a tight stop loss. I personally only short via puts... and not shorting that as options require very good time to make much money... I short SPY or QQQ or IWM via purchasing puts. Mostly sell covered calls... or since I'm mostly in cash... Cash secured puts. Bullish on Natural gas and fertilizer companies. At this time though I'm 99% in cash with a small position in BCS... bozos at the bank messed up and sold VXX shares without registering them... but oh well... have some puts hedging that... and they did well on their last earnings a week ago. And I've been flipping covered calls on it to make premium. I mostly trade premium... CS Puts and if assigned or if I buy stock I flip covered calls. But shorting AAPL outright isn't that bad of a deal... and his margin availability.... his stop loss could be at $200 or even higher and he'd be fine. For regular folks stop loss at $155 would be safer. Wider stop loss up to 165ish. Target 1 would be $120 Target 2 would be $90 and if you're really brazen $75 for a target 3 to cover on AAPL short. Super brazen just let it run with an idea of covering at about $45 to $65.
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  43. Buy only those dips you can afford to lose your money. You can get some bounces... but that's about it. Don't fight the Fed... remember... and they're having to kill inflation.
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  44. It's PE ratio of 205.83... is ridiculous. That's a big headwind as fundamentals are starting to play on ALL companies. It's not sustainable. In the mid to long term... holding the bags on this will be horrifying. And there will be the day when it becomes mature from growth and we see demand petering out. And when it does... it gets valued with auto makers which have on average a 20 PE ratio at the highest... that would be a 90% or more decline in current price of 977.20 close. The amount of shares traded right now in volume profile charts... lot of holders who have yet to wake up and start selling. POC $69.00 July 2019 to present... means most volume highest volume traded was well below the current insane price. It's a spooky stock to hodl. Because it's likely to fall 90% within the year or two. And it is very unlikely to get to those extremes anytime thereafter... decades if ever.
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  45. Like the cytpo market.
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  46. That being said... those hodling and not taking those profits... will probably want to puke in a few years ago if they let if fall back to $35K or even below. When they could have locked in profits of a million. It's a game of chicken right now... and I see the stupidity coming to an end... Netflix, FB, and many other companies are starting to demonstrate the stupidity only lasts for so long... particularly when liquidity (yields) start to go up and you don't debt printer go burrr ending.
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  47.  @sang3Eta  Google tether and circle and terra and mt Gox and Gemini and Binance and Saylor with Microstrategy... this is not poor people picking this shit up and pumping and pumping and pumping this stuff selling it to poorer morons. These people and entities have criminal backgrounds and they're not poor none of them are poor, most of them are millionaires if not billionaires. They're doing a massive semi coordinated and un-coordinated massive pyramid/Ponzi schemes. Everyone one of them. Pushing the Ayn Rand greed is good privatize your testicles and sell shares on who can bunch them the hardest nonsense.
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  48. He's a social engineer. Yes, he can fuck with markets like the rest of the plutocrats. This scam of economic system is a trash heap.
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  49. It was forced gamma squeezes after gamma squeeze. Buying options same week close to the money, and often also buying the underlying to pump the price to make those calls go closer to the money. This forces the market makers who wrote the shares who didn't sell covered calls, but naked calls.. having to cover to get the shares. A call option is a right for the option holder to buy the stock at the strike 100 shares from the call writer. So the call writer must have the stock in order to sell it to the option holder. These call writers often write them and sell them without actually owning much of if any of the stock. So they're forced to cover their position by buying the stock, and each contract is 100 shares... so huge volume on contracts mean suddenly the writer must buy a bunch of stuck in case the option holder exercises their option. Key is that this idiocy happens last week of expiration when options tend to be exercised. Until that point, traders of option contracts don't tend to exercise early because of extrinsic value that comes with potential of getting closer or further into the money. Same week means call writers are unlikely to be holding much of the stock to cover their call writes if it's far out of the money... the chances are so little, covering is considered not that necessary. Suddenly price gets closer and especially at the money or in the money, market makers start buying the stock quickly which pumps the price. These buyers of the call options are only in it for the premium increase not to hold it to expiration and if in the money to necessarily exercise their options to hold the stock. And some big trading desk or desks have been doing this all year long with meme stocks then onto small caps then recently every large cap stock has had it's party including Amazon, TSLA, and AAPL. The problem is that this is phony pump and dump scheme... as soon as the options buyers sell their options at a higher premium, open interest remains relatively low to the volume, and the market makers dump their shares as there is no need to cover their calls. Nobody really is buying here for long term purchase and investing. It's all a pump an dump.
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  50. GME is very different. It was outright shorted... many of these others were to a lesser degree... GME was heavily shorted. Shorting is different than this options stupidity. In this case, even big whales like Michael Bury and the Kitty guy who is actually a licensed broker, he knew what he was doing... notice shortages sitting on GME and not closing their shorts out when the stock was about $1 a share. So they went to town with their big capital. Kitty guy got retail in on it to help buy up the stock causing the price to get higher and higher past the stop loss or stop take profits of these shorters... shorting is borrowing the stock to sell it on the market, to complete the short you must buy back the stock at a lower price, you keep the difference as profit. A big hedge fund was very greedy waiting to never have to buy back the stock to close the short, hoping GME would go bankrupt thus share price would become $0. Lenders wouldn't even want the stock back because the stock is worthless. Always dangerous because even in bankruptcy if it's Chapter 11 reorganization, stock holders can be redeemed and returned to trading once again once their bankruptcy proceedings are done, and successful re-emergence from bankruptcy happens. Chapter 7 liquidation means the company no longer exists, and shares will always be $0 forever. The big hedge fund remained in the stock despite going way past the point they shorted... and remained in the position as the stock price went higher and higher. They even doubled down on the short at these higher and higher prices battling the whales of Bury and retail fomoed on by Kitty guy. Price just kept going higher. Now options comes in here with GME: Playing the options call gamma squeeze thing also incited market makers to have to buy the stock to cover their options calls they wrote, making the stock price go higher and higher. Capitulation with lots of these hedge funds doubling down battling the longers, they finally had a margin call... there wasn't enough stock to short with, and they had to simply close their positions by buy the stock back at any price. And then we have the master class boom up in price. Gamma squeezes can only go as high as the highest available strike price on the chart for that week expiration or possibly a future week expiration. Because that's the only call option writes have outstanding they sold naked. Once they buy the stock, they're covered and don't need to buy anymore. Additionally, demand for the option contracts begin to cause the premiums to increase less related to the price of the stock... so it becomes more expensive for the gamma squeeze game to happen in following weeks. Until it's not profitable at all... as the market makers will demand a higher premium for out of the money call contracts... this is called implied volatility. So these big trading desks causing gamma squeezes eventually move on to another stock to pump and dump. This is what's been going on all year long with meme stocks and even normal stocks and most recently lots of large cap tech stocks. And one can tell this is not just done by retail buying up same week expiration contract calls out of the money/ near the money call contracts... Amazon and Google for instance these premiums for near the money or just slightly out of the same week expiration are $1,000 to $2,000 in premium for just one contract, for a contract that will expire that Friday. This is too expensive to load up on by retail when the volume easily exceeds 75,000 to 250,000 contracts traded. And the bid ask spreads tend to be hundreds of dollars... very risky to know if you're buying at a good premium or bad one based on the pump that's in commencement.
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