If you think the market isn't rigged
- Thread starter nooby_mcnoob
- Start date
That would be awesome but it's not happening. At least not in the stock market. Not that I'm positioned one way or the other short term
I am long 40K vega at a credit. I'm good in either case as I use a small % of the proceeds to buy ammo.
Too many people are talking like this from all sides... mind if I stop by if/when this pops off? I'll need some hardware.
No, a 2020 bear diagonal.
Wow probably a really good chance of profit there. Nice
Ichan from 2015.
This was very prescient. In 2017 I came to the conclusion majority of the profits being made in the market are entirely fabricated through clever financial engineering and race-to-the-bottom interest rates. We're staring at a brand new housing bubble thanks to foreign investment and near zero interest rates, the market continues to climb ever higher, CEO pay continues to increase, and you have brand new companies trading at 30x multiples without ever making a penny in bottom line profit. After watching this Icahn observed from the outside what I've seen on the inside with tech companies - a "rush to acquisition" mentality. I didn't realize this extended to other industries, but he's absolutely correct. There's no real value creation anymore and companies, thanks to absurdly low interest rates, just throw piles of cash at M&A in order to bolster analyst ratings rather than actually using it to deliver value, improve workers, or anything else. His small aside on junk bonds is absolutely correct too. I can't tell you how many columns I've read pushing garbage high yield bond (aka junk) ETFs as "safe and effective".
Scary times indeed. Next time I rebalance my portfolio I'll be putting 5% more into high quality bonds.
John Paul Jones DeJoria , i think his employee turn over rate is 100(all times) or so from thousands, if not tens of thousands.
Man made great working conditions for his people, since he was homeless himself.