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  1. Scataphagos

    Progressive Stupidty

    1. Eliminate all of the tax loopholes. 2. The only fair tax is a flat tax. First "_____" of income is not taxed, say $30K, $50K, or whatever. Every tax payer gets that. Above, taxed at a flat rate... same for everybody. Rich will pay more because they make more. 3. Progressive tax rates...
  2. Scataphagos

    5th of May

    :)
  3. Scataphagos

    Why may is historically down time for stocks?

    Years ago and for a long time (before the days of the "Fed interventionist market"), historically the market was basically flat on average from May-Nov. Nearly all of the gains were made from Nov-May. Don't know if that correlation exists these days.
  4. Scataphagos

    Yellen is such a putz

    One day she says, "might have to raise rates a bit to cope with this inflation". (Maybe that was a trial balloon to see how the markets might react?) Market goes down 1% that day. Next day she comes out with, "I never said that".
  5. Scataphagos

    CME Group to Permanently Close Most Open Outcry Trading Pits; Eurodollar Options Pit will Remain

    The marketplace ditched it for them long ago. Total trading cost in the ES has been lower than the big contract all along.... reduced slippage probably being the biggest saver.
  6. Scataphagos

    Bill and Melinda Gates - Divorce

    Flimsy excuse if you ask me. My wife went and bought a Mac, but I didn't dump her. (Then again, I don't have $140B!)
  7. Scataphagos

    Bill and Melinda Gates - Divorce

    Deal breaker was because she refused take a COVID vaccine shot, so I heard.
  8. Scataphagos

    Cryptocurrency Is Threatening the Role of Central Banks. Why Governments Must Go Crypto.

    Saw a story where Yellen considered an 80% tax on crypto. That would have the opposite effect of "banks going crypto".
  9. Scataphagos

    The Last Time The Chicago PMI Prices Index Was This High, The Fed Funds Rate Was 22%

    "...The last time the Chicago PMI was hyperinflating, Volcker was waging a fight to the death with inflation. This time, however, it's "transitory." https://www.zerohedge.com/economics/chicago-pmi-explodes-38-year-high-soft-survey-data-soars Did anybody check to see if Powell's pants are...
  10. Scataphagos

    Nasdaq has topped

    Nas... "Possible Topping Box". Could be short-term, could be bigger. Strategies should take this into consideration until resolved.
  11. Scataphagos

    Nasdaq has topped

    1. Agree with this line of thinking. 2. My view.... is that there is no such thing as "confirmation", so stop looking for it. 3. If you are Asian and your last name really is Pu, I mean no offense. But if I were in your shoes and picking my handle, I would have gone with "Master Poo". :)
  12. Scataphagos

    One Single "Tie-Breaker" Metric

    "20 years" is completely irrelevant. The market dynamics (and who is powering the move, whatever it is) are only relevant to NOW. (The market's "what" and "who is driving it?" shifts over time.) "20 years ago" market history is irrelevant to now... other than "chart support and resistance"...
  13. Scataphagos

    "Inflation has risen largely due to transitory factors" -- J. Powell

    The official inflation rate is a cover for government deficit spending. Expect no veritas in any regard of what the government says it is. They want the sheeple to "swallow it, hook line and sinker", regardless of the facts.
  14. Scataphagos

    CEO Chat: Cathie Wood, ARK Invest

    She appears to have a "leveraged, cutting edge tech, low liquidity" portfolio. That can be good when the market's "wind is at your back". Could be a problem when SHTF.
  15. Scataphagos

    We have Mt. Rushmore.. What About A Monument To Evil?

    Carved in granite in South Dakota... American political greats... Washington, Jefferson, T. Roosevelt, and Lincoln... even Crazy Horse! Carved into the side of a mountain so that we "never forget". Is there another mountain of granite somewhere where we might carve the faces of American...
  16. Scataphagos

    Trading post-fed/powell 2:30pm et 28Apr - Ideas?

    I live north of Parker, so we sort of share some bit of "Colorado kinship".
  17. Scataphagos

    "Inflation has risen largely due to transitory factors" -- J. Powell

    How much you wanna bet this turns out like that "the check's in the mail" kind of thingy?
  18. Scataphagos

    Trading post-fed/powell 2:30pm et 28Apr - Ideas?

    I tried to send you a PM but was rejected... it went something like this. "...I know you're trying to build a base of fee-paid followers on ET. I did something similar years ago and have wondered how well it's working out for you.... not easy, I understand. Scatty
  19. Scataphagos

    Trading post-fed/powell 2:30pm et 28Apr - Ideas?

    Though I don't like the notion of scalping, this does seem to be a scalper's market... if there is such a thing.
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