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Yeah the genius' that ran LTCM were betting on a ludicrous investment philosophy called reversion to the mean. It blew up in their face. Lee Meriwether III thought bringing in 2 Nobel Laureates (Fisher Black & Myron Scholes) would somehow make them look good. Unfortunately a Nobel Laureate...

Yeah $40K has a lot of support, but in order to get there the ES would have to drop probably like 10% or so. That probably means a slowing economy or further escalation in the Israel-Hamas-Iran conflict. That is what triggered the last 6% pullback.

I'm surprised Vivek was surprised. I spent enough time reading the Alt Right to know that they consider America to be a WASP country & they hate Jews. In India they would never elect a non-Indian, although they have elected non-Hindus before. I remember about 20 years ago the daughter-in-law of...

Here in Berkeley 3 of the 4 Starbucks closed during the pandemic. It never made any sense for a chain coffee retailer to exist in a college town full of 40+ cafes already. Starbucks coffee was pretty weak so I guess it appealed to the crowd that likes consistency over flavor.

There will be no rate cuts until our MMT believing government stops pumping the economy with Inflation Reduction Act money. Cash'nCarry is the worst. The guy is a lunatic plant from Government Sachs.

It doesn't seem like they'll ever be able to make enough money to justify the current valuation or even a fraction of it. If they do make a lot more money on ads then it won't be a good experience for users anymore. I guess it could be like twitter and simply exist because there aren't any...

Looks like the Qs are weak compared to DIA or IWM. So many high fliers got smacked the last 2 days. Seems like the action is in the utility providers like PWR, HUBB, ETN, etc. The move in the Utilities is pretty amazing. I think XLU has been up like 4 weeks in a row. Only 2 down days since...

All great movies I've seen. Gattaca has a lot of great character actors in it like Gore Vidal, Alan Arkin & Loren Dean. Its probably the best adaptation of Huxley's Brave New World I've seen. Schindler's List & The Deer Hunter are great movies with endless great actors in it but you can't...

Your description would have made for better lyrics. Its not a terrible song but I don't understand what she's saying. The music was pretty good for a pop song. I don't like her voice. She's no Sarah McLachlan that's for sure. I thought it was going to be a remake of Bananarama's Cruel Summer...

The problem with Gamestop is its core business has no future. Are kids going to go back to buying cartridges or DVDs of their games? Seems like everything goes through Steam or Twitch. They still run 4000+ stores: The Company has a total of approximately 4,169 stores across all of its segments...

I will say this does seem true (I won't comment on the junk part). Bitcoin does seem to fly when the liquidity is flowing left & right. As soon as the talk of rates going higher appeared Bitcoin has been sluggish at best & has done nothing but put in lower lows. My guess is when the Fed finally...

The strangest thing about FNGS is that it is less liquid than it's 3X counterparts FNGU & FNGD which are also run by BMO. FNGS has avg daily volume of 140K vs. 1.4M for the leveraged ones. Even MAGS which is basically a 7/10 subset of FNGS only has an avg daily volume of 240K. On the other hand...

You got guts to short the Qs especially since the FANG+ index is 80 bps from all time highs on the back of most of them having good earnings. FNGS & SMH closed above the 50 day SMA.

No surprise if you've been watching bubblevision. Bernstein always comes on to tout the great economic record of Biden while claiming Biden reduced the deficits with a straight face. He is really insufferable to watch. He's just a pumper. Obama's CEA head was a lot better in my opinion (Austin...

It is a strange environment currently. On the one hand we have high growth in niche industries like AI/GPUs/Hyperscalers, industrial reshoring & the greening of industries. On the other hand with relatively high interest rates you can get high dividends via public & private loans which are...

It looks to like the downtrend is over unless there is another hot NFP report with higher wages to go along with it. This market is ruled by big tech and they came in pretty good. NVDA is the only one left and they will probably do okay as well.

I was watching CNBC, MSNBC & Fox Business Channel that night and I remember first the ES went lock limit down and then it skyrocketed higher a few hours later. I also had a bunch of Wells Fargo calls & they were way out of the money and they were up like 2000% the next day.

Imagine what would happen to these companies if the Progressives won an election and went back to the 1970s rules of no buybacks. Tim Apple would be in a panic.

I assume this was meant as sarcasm. The 2008-2009 threads are the best and funniest in retrospect. I still remember one thread about how down 10 handles is the new bear market.

It could be political. Some people believe that Powell didn't start to raise rates until after he was reappointed as chair of the FOMC. He looks more & more like Arthur Burns 2.0.