I did whatever the hell I wanted to today. I booked a sharp, normally debilitating loss in LYFT — edged out at -17%. Then I decided “let’s make it all back”, so I traded in and out of TROV for a 17% gain. This is life on Wall Street now — where the rich get richer and the lucky get luckier and the poor get babies.
I bought some ALT towards the end of the day — not because of anything other than a desire to see myself profiting from this stock. I said to myself “this looks like a fine stock to make money in”, and then I bought it — no one could stop me and I do whatever the hell I want.
For the month of March, my Quant made 2.6% and my gains for the quarter exceeded +17%. Annualized, I’m on pace to make no less than +68% this year and I’m not impressed. The way I see it, I’m entitled to this money — the hard work and toil of previous generations was superfluous and foolish. Nowadays, we sit vigil to the computer and talk to one another about how grande our lives are — the vacations to be had, the new Peloton machine to sit idle, the new scotch bonnet based hot sauced to be enjoyed amidst the fires in our stomach which casts an ominous pall. One day said sauce will cause an affliction of horrible measures and you’ll regret ever picking up that god damned bottle.
I bid you farewell. Signing off for now.
Le Fly
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I am now a -socialist-.
If all these great things Trump has done has made the indexes go up that much (which is beyond-lacking correlation), that will then certainly reverse the course.
I -love- socialism.
“The problem with socialism is that you eventually run out of other peoples’ money.”
Margaret Thatcher.
Oddly enough, that’s the problem with our modern form of “capitalism” as well.
Than it is not Capitalism!
Real capitalism doesn’t exist, and neither does real socialism. It’s all just various form of concentrated power at the top exerted by the golden rule: he who has the gold, makes the rules (in order to get more gold)”
The best society needs to have a mixture of both.
WTF ARE YOU IDIOTS TALKING ABOUT?
me and my GDXJ with my thumb up my ass
“Modern capitalism ”
– Banks take risks, lose big, get bailed out by taxpayers. Executives keep their bonuses because “contract are sacred” (except blue-collar union contracts, of course)
– DoD (taxpayer funded) can’t even tell where and how it spends its money.
– NiH funds research, apatetns it, and corporations sell the products at huge mark-up.
– Oil companies drill/mine public land (susually leaving it unusable for future recreatonal use), and underpay the governemtn through accoutnign that undervalues the oil/minerals
-Can’t forget the Agri-corp subsidies: sugar, corn, soy, etc.
And of course the biggest problem with “free market capitalism”:
price-fixing credit markets to create 2% inflation
Donno, just following the thread.
A.FOOL
Now that we have discovered MMT we no longer need to worry about where the money comes from. Funding secured.
One side believes that every single tax-cut (trickle-down) will pay for itself, while the other believes that every piece of spending pays for itself (MMT). Maybe the solution is to cut taxes to zero and spend more?
No surprise that we keep setting budget deficit records
Showtime has made the most important comment. America doesn’t work well enough for most. We have become a banana republic.
Although his love of socialism is completely misguided it will become the dominant opinion in a few years if we can’t curb the abuses of what has become a primarily oligarchic system. Capitalism has proven its superiority. Case closed. We need to get back to it, which will require government intervention.
It’s not about being anti-capital; it has to do with having enough common sense to move wealth and income down the ladder.
If we can’t do that then Showtime and the socialists will win. It really is that simple.
I like capitalism, too. Maybe if the US actually *tried* it, then we could reduce income and wealth inequality and our 70%-consumer-driven economy wouldn’t need a steady dose of life-support in the form of paltry interest rates.
That will never happen as long as Conservatives keep thinking that supply-side stimulus is superior to demand-side stimulus in every macro-ecominc situation. What kind of idiot thinks that with historically low interst rates and record high corporate cash and stock buybacks, lack of funds is what is keeping corproations form expanding? No CEO will expand unless they forecast increasing demand for their products/services.
Yep.