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Work from definitely destroyed the downtown CRE market. In SF if you go to the financial district it is a ghost town with homeless scattered about. Buildings are selling for 10-15% of 2019 valuations. The local subway here, BART, is up to 44% of 2019 ridership, it was 33% in 2023. I went once...

London Breed is a disaster. The problem is in SF only other leftists run for any office. SF spends the most per capita on homeless and nothing ever improves that's why people here call it the Homeless Industrial Complex. Homeless funding just goes to the corrupt NGOs that are suppose to fix the...

With all the hacks I'm sure everyone's data has been leaked by. I mean I used to have a Yahoo account and that Google lady who led Yahoo for a few terrible years had multiple full site hacks. I mean Equifax got hacked and they pretty much have everyone's data.

Here in SF bay area I see the same thing happening in multiple cities even in SF & Oakland. The bay area has concerted effort to get rid of these encampments along with RVs parked in expensive neighborhoods. NIMBYs want to expel them from the bay area in general. The truth is California in...

Reminds me of the days when I used to read ZeroHedge (2008-2011). There would be an article like this every day on the contributors page (not Tyler Durden). The thing I learned the most from those days reading permabears was that they pictured a future of a static response from the government...

That's the history of Finance in general. I remember reading The Predators' Ball and that describes the lucrative market making of Milken & DBL in the new Junk Bond market. Drexel was literally the only market maker for newly created high yield issues, mainly run through Milken's Beverly Hills...

Truth is Auditing has been getting worse ever since the comoditization of auditing due to SarbOx. Ironically none of the CFOs were prosecuted in the GFC due to SarbOx. SarbOx was another useless regulation.

Stagflation is coming soon thanks to the last 4 idiots running this country especially Bush & Obama. Endless bailouts do not end well. Saving idiots in the private sector who don't understand how to run their companies is not a good plan. Obama could have prosecuted the criminals from Wall...

Most of the Auditing industry is corrupt. Its mainly due to Sarbanes-Oxley in the US. Auditing became a compulsory function inside corporations after SarbOx was passed due to the Enron, Tyco & Worldcom disasters. It was however a very low margin business so most of the good accountants abandoned...

EqtTrdr says the same thing in most of his posts. He sounds a lot like the guy who started this thread -- makloda. Rickshaw Man loves overnight free money and usually shows up near the end of a bull move. v-shape-0DTE is pretty consistent about his commentary aka buy all dips. Frankly he reminds...

On the one hand it is probably keeping the employment above ground with all its government spending but yeah it is still spiking utility rates. Here in California PG&E have tripled the electricity rates from 2020. My bill went from $40 to $150 in 4 years in the summer. The SF bay area is...

It still surprises me the first world sells weapons that can easily be used by its enemies to kill them. Its like the opening scene in the Iron Man (2008) movie where all the Afghani terrorists have an arsenal of Stark Industries' cache of weapons & Tony Stark is surprised at the death machines...

Until further notice this is still a bull market so it makes sense to sell all VIX >30 rips. The only sustained VIX>30 was in the GFC & Covid. If you faded the GFC VIX spikes you would have been destroyed since it lasted almost 9 months. Even the infamous Volmageddon (Feb 2018) VIX spike lasted...

Shades of the internet boom era phrase: Vaporware. Worthless announcements by software companies that amounted to nothing in the end.

Conglomerates are always inefficient. Breakups are always a boon for shareholders. If you broke up Alphabet into its small pieces the individual units would have a much higher valuation. That would really be true for a monstrosity like Amazon.

I remember reading Raoul Pal since the GFC. Back then he was a permabear telling everyone hyperinflation was coming and to buy Gold & Silver. In short he was the typical ZeroHedge contributor.

Since the low on 8/5/2024: SOXL +71% FNGU +59% MAGX +33% (2X Mag7) NAIL +16% These are mainly what I own in my IRA. I also own NVDL AMDL FBL LLYX CONL BITX.

SPLG is the "investor" version of SPY and pretty close to VOO in expense ratio. More commentary here.

That is human nature. Optimism keeps homo sapiens alive. I think like 70% of all trading days are up so that should tell you all you need to know. I remember the 2008-2009 meltdown and it was really depressing watching CNBC/Bloomberg/FBN during that time. That along with the 1929-1932 slow...

Let's face it the inflation wasn't caused by all the helicopter money, it was simply a supply chain issue. I don't even believe Powell, et al had anything to do with it. So it was like post WWII & not the Oil crisis of the 1970s.