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Just like in Kobe's case, a helicopter is not a limousine. Helicopters were designed for retrieval of injured & dead soldiers in short trips at best. It was not meant to traverse windy & foggy weather.

Just like Malkiel predicted in his tomb, Random Walk Down Wall Street, yet everyone on ET is sure he was an idiot for saying it.

According to a CNBC headline he is feared dead. No bodies were found at the crash site.

You should have linked the Japanese version of Pocket Calculator -- Dentaku. I still have the Japanese & German vinyls from that album. The most influential song from that album is Nummren (aka Numbers) & It's More Fun To Compute. Those 2 songs along with Tour de France became breakdancing...

The CDOs pushed by Goldman, Morgan, etc. during the 2004-2007 were indeed fraudulent thanks to the rubber stamping by the CRA mafia. S&P, Moodys, Fitch, etc. all gave AA & AAA ratings to CDOs that were in reality a mix of default & at best A rated mortgages. That is why they collapsed when the...

It seems whenever these stocks pump 100+% the companies always end up issuing more shares and tanking the stocks. Well I guess the pump wasn't for naught. GME doesn't really need any more cash, I believe they already had $1.2B on the balance sheet. They need a plan forward. Their business plan...

All social media is for feeding the ego aka Narcissists. I remember reading a Psychology paper about the people who had the most likes and most were NPDs at least in the old DSM IV handbook.

Silver really skyrocketed today. I think my DOTM SLV calls were up like 200% today. Was it just a catch up trade to Gold? It seems like an outsized move compared to GLD.

Most public pensions have a mandate to hold a certain percentage of fixed income usually Treasuries at least to cover the current year's pensioners. The reality is most of these pensions can't even equal the SPY let alone BTC or ETH. They always outsmart themselves by thinking they need to put...

I remember in the 1970s when I was a kid in Queens, NYC Crisco was the main provider of Lard & Tallow. Everyone would use it to make fried foods. I believe even KFC, McDonald's, BK & White Castle used to use it for the french fries & fried chicken. It definitely use to taste better. If you go to...

You should post this to the Options section, they'll know. My guess is illiquidity is driving it or someone betting on a volatility event that never transpired.

But why would 10 yr rates fall on a hot PPI print? Because it wasn't too hot and the market prognosticators got it wrong. Or maybe everyone believes CPI will come in cold. I think the market doesn't really seem to care about higher inflation anymore, as long as earnings come in as they believe...

Amazingly TLT went higher even after a hot PPI. Looks like the bond traders expected that number but the financial commentators all thought it was hot so there seems to be a disconnect. I think unless TLT breaks hard downwards this slow & steady climb upwards continues.

Schwab interface is really crappy. TD Ameritrade was far superior. You can't even separate options position from equities. Its really pathetic. No way to get bid/ask in the default view.

Only a return to politicians being part time jobs , as it was originally intended, will end it. There is no incentive for career politicians to stop their ludicrous spending. The Democrats want a spend & tax regime where their buddies get exceptions in the IRC & the Republicans just want tax...

The CHIPS Act is good on paper but where are they going to get all the hardware engineers from? Here in the heart of Silicon Valley with multiple great science schools most people abandoned EE/CS (Electrical Engineering/Computer Science) majors for just CS since software is where the big money...

Here in SF the property owners pretend everything is okay and avoid lowering rents so that the banks don't foreclose. Values haven't bottomed at all. They are just extending price discovery. Sound familiar? I'll add the main transport system (BART) that gets people into the city is at 38% of...

This is pretty stupid since the Fed can't fix the NIMBY problems in the blue states especially NY, NJ & CA. Like Kramer says "the Fed can't print Houses." I mean the mortgage rates have tripled and housing prices here in the SF bay area have only gone up. My mom's house in Long Beach, CA (30...

The problem in Canada is principally there is no economy outside of selling commodities & selling overpriced real estate to each other. They never took the pain of the GFC collapse in real estate. The Blackface-in-Chief aka Fidel Castro, Jr's popularity has collapsed and the Liberals are losing...

What a liar this guy is. When will these idiots get realistic and stop claiming California is some utopia with no problems? California is in deep trouble because the environmentalists & NIMBYs have essentially said you can't build anymore housing here. On top of that Pop 13 means there is no...