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The IRS has something called the wash sale rule. It's worth a google. Also might be worth googling the difference in long term and short term capital gains treatment for futures versus other securities.

I am saddened, not by your position on state and federal powers which I believe is long held and sincere, but your decisions on when it was worth asserting those positions as important. Where were you in April when Trump on this very issue of what the federal government could compel states to do...

It's a little more than that. Simply going up 5 points in your strike doesn't absolve "substantially similar".

So first off, we officially entered a recession in Feb 2020, I know that probably comes as as much of a shock to you as everything else you've learned in this thread. Second, why in the world did you feel the need to bring up all this Obama hate when it was absolutely irrelevant, or more...

I'm sure there are some places they haven't recovered but nationwide Case-Shiller is about 20% above the previous 2006/2007 high.

One other thing I noticed... I sold a house last year and found it remarkable how the "zestimate" adjusted to within 1% of my listing price within minutes of them picking up the listing, a change of just under 10% from what had pretty steadily been there for several months. It seems that their...

I don't have your expertise but I share your skepticism especially on their "forecasts" of what prices will do over the next year. I'm guessing they just extrapolate out what prices did over the previous year, which is next to useless in and of itself, even before you take into account which...

Debunked by whom? I've run a tech business for the last 5 years where half my employees are remote (like spread around the country) and the other half work remotely most of the time and have since I started the company. It takes a little work to set that up in a way that works, and it's not the...

Focus man! This is specifically a thread about the residential real estate market, not healthcare or any other asset class. A market that went up significantly in Obama's first term as well as his second and pretty much universally across the country. You, again, seem pathologically unable to...

You aren't making a bit of sense here my friend. You expressed concern about buying a house now saying "I want to buy my first house but I think with Biden having a good chance to ruin the economy the same way Obama did there is a big chance the market will go down, the same way it did in 2008."...

You do realize Obama didn't take office until 2009? And that the economy took a nosedive in 2008 under Bush, but GDP grew every year under Obama and was in far better shape when he left office than when he took over? This kind of gross ignorance just makes me sad for the future of our country.

I can only think they're buying into the "any attention is good attention" concept, as lots of people are now talking about them. They have managed get several of the liberal and conservative voices on this forum to agree on something, which is an accomplishment in and of itself. Unfortunately...

Sounds like we broadly agree on the types of tax cuts. I would say comparing median income numbers from 2008 (which reflected the high water mark right before the crash) to 2012 is a bit disingenuous. A more accurate comparison would be, say 2013 ($52,250) to 2016 ($57,616) which is the 3 years...

To be fair, the federal deficit ballooned from the tax cuts long before COVID hit. It was $585B (3.2% of GDP) in FY 2017 (year ending Sep, 2017, which was the prior congress and President's budget) and nearly doubled to $984B (4.7% of GDP) in just 2 years by FY 2019, which ended in Sep 2019...

You may find a quick look at how much deficits have grown in the last 3 years compared to the 4 years before that to be instructive (the first year of a President's term is under their predecessor's budget). Certainly deficits may go up under Biden more than they would under Trump, but it seems...

Don't confuse the money they were given to manage (Cohens) and the money they were given to run the firm (VC funding). While the loss of the former probably led to the VCs declining another funding round, the two are much different.

That makes sense. Keep in mind that the actual spread on SPX options is generally right off the mid when you put in a limit order, even though the published bid/ask is wider. So if you used that to calculate your IV it might match even closer.

The truth is probably not nearly as exciting as the theories from most of the posters on this thread have come up with. Quantopian was venture funded. The way venture funding works is you get a bunch of cash, which you are expected to spend quickly to build an otherwise unsustainable team and...

I'm sure we would all be very interested to learn where this "understanding" came from?

I'm not sure what the number of people on government assistance has to do with an FTT? We spent a little over $200B a year on the programs that those 60 million people use. We spend just under $700B on the defense budget. So why would you choose to say that the government assistance budget is...