Down goes the Dow

Johannes wrote:

Giles Corey wrote:

Very quietly as law was changed so this is now done without Congressional approval.

Congress changed a law to give them LESS power?

Congress answers to their super donors.

And this is what the super donors demanded.

Hard to believe some people still don't understand how this works

jesseriley wrote:

Trumpanzees pine for traitor trump, if you’re following the trump thread. Trump is trying to monopolize the coronavirus with our money.

Whatever, fascist.

Act of war, dumb@ss

Giles Corey wrote:

Johannes wrote:

Congress changed a law to give them LESS power?

Congress answers to their super donors.

And this is what the super donors demanded.

Hard to believe some people still don't understand how this works

I lurk on this thread and frequently agree with your commentary but what a pile of horse crap dude.

I also intimately know a number of people with net worths that start with a B. In more than one case upper single and double digit Bs. These folks absolutely care about the equity market. Moreover they are not soulless automatons. They do care about humanity and generally try to make financially rational AND ethical decisions. This may not be universally true across the billionaire class but you are fraudulently representing a very complicated subject.

That said, I do typically agree with your market commentary and think ghost is a bit of a nut job.

Maserati wrote:

It’s a beautiful day and I’m going to fiddle while Rome burns—I’m going to do a 10-miler and then go for microbrew beer with friends. Vitamins D and B!

I'm also doing a 10-miler. This thing's ruined my entire spring running calendar.

What's the scenario if they close the market for a very extended time? There's a lot of chatter about it on "investing" forums.

Anyone with downside protection or speculative calls is screwed as options expire useless? Shorts forced to cover in they do a ban on shorts?

highhoppingworm wrote:

I also intimately know a number of people with net worths that start with a B. In more than one case upper single and double digit Bs. These folks absolutely care about the equity market. Moreover they are not soulless automatons. They do care about humanity and generally try to make financially rational AND ethical decisions. This may not be universally true across the billionaire class but you are fraudulently representing a very complicated subject.

That said, I do typically agree with your market commentary and think ghost is a bit of a nut job.

A good example would MbS. And the corporate governance of Boeing.

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highhoppingworm wrote:

I lurk on this thread and frequently agree with your commentary but what a pile of horse crap dude.

I also intimately know a number of people with net worths that start with a B. In more than one case upper single and double digit Bs. These folks absolutely care about the equity market. Moreover they are not soulless automatons. They do care about humanity and generally try to make financially rational AND ethical decisions. This may not be universally true across the billionaire class but you are fraudulently representing a very complicated subject.

That said, I do typically agree with your market commentary and think ghost is a bit of a nut job.

lol what'd I miss?

agip wrote:From the trump thread:

I'm pretty sure I'm going to regret posting this, but the numbers out of europe today so far are really positive - showing drops in case counts and in some cases death counts.

I fully understand that the data could be bad and there could be a shortage of test kits or capacity to test, but it's not bad news.

I'm not believing it yet, but it will keep me sane until the 7:30 PM EST data dumps.

agip, here is a plot I've made this morning with current data for a variety of countries:

I've used the day where case count > 100 as day 1 for each plot to come up with a relatively similar reference time scale. I'm showing the case counts on a logarithmic scale to be able to capture all the data. You can see that all countries shown are following similar trends, and so far only South Korea gives an indication of a flattening trend (and also China). The European countries you've mentioned, along with Canada and US, are on the same trajectories, with so far no indication of slowing.

highhoppingworm wrote:

They do care about humanity and generally try to make financially rational AND ethical decisions. This may not be universally true across the billionaire class but you are fraudulently representing a very complicated subject.

That said, I do typically agree with your market commentary and think ghost is a bit of a nut job.

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Also, I wish I could look you in the eye, grab you by the shoulders and shake some sense into you. You're otherwise a pretty smart and personable guy, but your disbelief on this, which is common (90% of the people I work with are in steadfast disbelief, only recognizing reality when the data make it real, by which time it is days or weeks late), is agonizingly frustrating.

Time is our only weapon in wrestling this thing to the ground, and every day we let pass without action is a day lost,; no do-overs, we are letting people get infected and die.

At no point did I say this ethical behavior was uniform. I am simply saying that there are a lot of really rich people who do indeed care about the health of the broader economy both because of its impact on their financial interests as well as their belief that their financial assets put them in a position to do some good for the world.

I am simply contrasting the picture that Maserati painted that there are a small number of whales that govern the direction of the markets and they are not all that interested in publicly traded equities.

highhoppingworm wrote:

At no point did I say this ethical behavior was uniform. I am simply saying that there are a lot of really rich people who do indeed care about the health of the broader economy both because of its impact on their financial interests as well as their belief that their financial assets put them in a position to do some good for the world.

I am simply contrasting the picture that Maserati painted that there are a small number of whales that govern the direction of the markets and they are not all that interested in publicly traded equities.

I actually agree with you. People are generally good and care about one another. The wealthy are no different. They also do as many stupid things as the poor and uneducated.

the idiot wrote:

Also, I wish I could look you in the eye, grab you by the shoulders and shake some sense into you. You're otherwise a pretty smart and personable guy, but your disbelief on this, which is common (90% of the people I work with are in steadfast disbelief, only recognizing reality when the data make it real, by which time it is days or weeks late), is agonizingly frustrating.

Time is our only weapon in wrestling this thing to the ground, and every day we let pass without action is a day lost,; no do-overs, we are letting people get infected and die.

I'm not in disbelief. I'm looking at numbers and trying to see past the media hype.

when I see death counts falling in some countris, case counts falling in some countries, then I have to think that means something.

Of course it's one or two days and not the whole war.

I'm not predicting anything. I'm not prescribing behavior.

I'm looking at actual numbers are reported on worldometers and passing them on.

And they show, in some key countries, a drop or stabilization here or there in deaths and case counts .

I'm not sure what you want me to do...ignore the data? Pretend it's not there?

Good idea trying to fix a start date. That is a good tool.

Ok so why are you posting repetitive clown emojis?

Agip,

I wouldn’t put much stock in trying to timeplot case data within a given 24 hours. The data comes in peaks and valleys.

Our data science folks have stopped trying to provide to extrapolate trend in anything shorter than 24 hour segment.

agip wrote:I'm looking at actual numbers are reported on worldometers and passing them on.

Arghhh, WHICH countries, dammit? Stop spouting half-baked fake news nonsense agip. I have been following ALL of the real data, posted daily by WHO and Johns Hopkins university, and I have been sharing with you my findings from the data, and STILL you are looking to find support for your theory that it will be better here.

FArgggg!

highhoppingworm wrote:

Ok so why are you posting repetitive clown emojis?

You did call me somewhat of a nut job. So I had to give your smug post a response.

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