Down goes the Dow

crude is down around 10% from its recent highs....

Yes, completely different from the bullcarp voodoo head-in-the-axx narcissism of the C-suite and boardroom.

What kind of direct involvement in business have you had recently? Board meetings are through the looking-glass. Judging by the tone of your post, you are totally out of touch with what is happening in American business—even small ones, especially if they are gov contractors. I just had to sit through a presentation by a fruitcake Harvard MBA who is responsible for a large line of junk food brands. “The business” of junk food in America no longer has anything to do with junk food—just as the business of bitcoin has nothing to do with bitcoin.

It is the same with almost everything. You clearly do not yet accept or understand command-and-control economy and the new social paradigm that has subsumed former business spheres of influence.

Seems bizarre to me. How about this explanation of MANA? “MANA is the cryptocurrency used for transactions in Decentraland's 3D virtual world, and surging interest in the metaverse and non-fungible tokens could help it post more big gains.” I suppose not too different from AMC offering it’s own theatre use crypto and NFTs. I guess the goal is to link crypto and NFTs to anything with a hipster concept. Hertz did the same thing writing that they were going to buy 100,000 Teslas. Anything goes until it blows up, like the fall in Peloton shares, followed by a lawsuit against the company for fraud filed yesterday.

Ghost of Igloi wrote:

Under Johannes handle nothing but Igy posts.

Ok, for those of you desiring some sort of proof that I do more than just harass Igy, I offer the following convo from June 2020. Given that Igy jumped in to respond to me, this can hardly be construed as an “Igy post” on my part.

Johannes wrote:

Racket wrote:

That's not what he said. He said the world has changed for airlines (it has, probably for the foreseeable future) and decided to dump his entire position. He has not once said selling it all off was a mistake, at least as far as I can find.

I think we got our wires crossed. I was referring to Buffett saying it had been a mistake to buy airlines. Indeed there are others who think his mistake was selling them.

Maser@ti wrote:

Yes, completely different from the bullcarp voodoo head-in-the-axx narcissism of the C-suite and boardroom.

What kind of direct involvement in business have you had recently? Board meetings are through the looking-glass. Judging by the tone of your post, you are totally out of touch with what is happening in American business—even small ones, especially if they are gov contractors. I just had to sit through a presentation by a fruitcake Harvard MBA who is responsible for a large line of junk food brands. “The business” of junk food in America no longer has anything to do with junk food—just as the business of bitcoin has nothing to do with bitcoin.

It is the same with almost everything. You clearly do not yet accept or understand command-and-control economy and the new social paradigm that has subsumed former business spheres of influence.

Reminds me of the 1969 movie Putney Swope:

As far as the new social paradigm, I do accept the concept that the masses believe that investing in projects (they are not businesses) with no economic utility is a good idea. Most are so stupidly bizarre they will blow-up the command-and-control fake-conomy.

Johannes wrote:

Ghost of Igloi wrote:

Under Johannes handle nothing but Igy posts.

Ok, for those of you desiring some sort of proof that I do more than just harass Igy, I offer the following convo from June 2020. Given that Igy jumped in to respond to me, this can hardly be construed as an “Igy post” on my part.

Johannes wrote:

I think we got our wires crossed. I was referring to Buffett saying it had been a mistake to buy airlines. Indeed there are others who think his mistake was selling them.

Oh, so one post in over 17 months.

Get a life weirdo.

On a running topic, wishing a good race for Canadian and Oklahoma State Cowboy Ryan Smeeton at the NCAA Cross Country Meet. OSU has a very good team, hoping to battle NAU and Notre Dame.

Thinking about that 6x-as-much-as-in-1980 price question, and thinking about things like the Vuitton Speedy and Noe bags, it strikes me that the list of things that have remained unchanged are either luxury goods or plain crap, there is very littlenin-between.

We made a list of these things 10 years ago, it is fun to consider what has happened to their prices now 10 years down the road. I will get somebody to do some digging, hopefully will find a few minutes to look it over and post while I live my dual life elsewhere. Idk if I can do DGTD from elsewhere, though...worlds colliding and all that. George is getting upset!

Igy you should really consider things like Meta more thoughtfully, and not dismiss them out of hand as bs. Just because something might be bs doesn’t mean it isn’t important to your life; I present the Tax Code as exhibit A. The metaverse crap will prove important as f, it will be the gateway, the interface between the individual and social structures. There is more behind it than you are likely to understand. Remember the gov and FB are intertwined. Meta is no joke.

Either get with the program, or move to a complete shlthole and die soon. It’s funny getting older, people have a tendency to care less because they won’t experience the effects for that long. But implementation comes too quickly these days to just not give a f and remain functioning and solvent.

You’re apparent f everything attitude reminds me of this😁:

https://m.youtube.com/watch?v=ulIOrQasR18

I am really not like that at all. I am engaged with the world, care, and have an interest in what I leave behind. I think the promotion of ideas that undermine society for power or personal gain are more reflective of that attitude, or resulting affects expressed in that video.

I'm up 13.73% with AMZN and 10.16% with APPL since I bought them on 10/28. Wish I got more.

investing noob wrote:

I'm up 13.73% with AMZN and 10.16% with APPL since I bought them on 10/28. Wish I got more.

FFS, this is the word.

A world of distractions. How many posts about MANNA or Shi_coin or NFT or jibberish sale promotions both in the crypto/meta universe as well as the corporate board rooms?

Why bother with that? Or more precisely, why bother in any significant way?

And taking this one step further: okay, so there are forces acting on these stocks that may prove ultimately successful or may prove detrimental (bond buying by central bank, interest rate manipulation, tax breaks, etc,), but the bottom line is that the market takes it all in, along with assessment of current stock valuations within historical contexts, and the public is buying.

Let that sink in!

The public is buying.

Why bother with the sub-standard speculative stuff to any significant degree if you can get solid, impressive gains in regulated market securities and ETFs?

And why over-emphasize historical data and matrices if the rest of the market is not, with the full acknowledgement that maybe they are too, but know something you don't. Especially since the factors thought to be relevant have not proven relevant for years and years...

A few pearls of wisdom i garnered from the early internet years were 'buy the market leaders of the sector' and 'let your winners ride.'

Oil crashing

Ports freeing up

Interest rates falling

Sounds like the inflation scare is starting to fade

https://twitter.com/bidenswork/status/1461732917864972297?s=21

Fck I have until 11/24 to make it one year of holding XLE off the tip of somebody here, I forget. Want to get that 15% LTCG tax.

But now it's crashing. Fml.

Of course!

Seattle—why bother? Bigger gains, as usual. But of course that shouldn’t form the core of anyone’s investing.

Do you have any discretionary funds? I buy individuals with mine.

Earnings Scorecard: For Q3 2021 (with 95% of S&P 500 companies reporting actual results), 82% of S&P 500 companies have reported a positive EPS surprise and 75% of S&P 500 companies have reported a positive revenue surprise.

Maser@ti wrote:

Seattle—why bother? Bigger gains, as usual. But of course that shouldn’t form the core of anyone’s investing.

Do you have any discretionary funds? I buy individuals with mine.

Well, yeah, chasing bigger gains, but is the greater risk worth it when, for slightly less returns you get more of a sure thing, with a track record, and some real chance of a long term core holding? That is for each of us to decide and to then act accordingly.

And to your other question, yes, i have discretionaries. You probably missed it but a couple of us regulars on here have pocket change holdings of bitcoin.

I have reservations about crypto. Lost money in 2017 or so, and I absolutely feel that crypto market is not one that i understand in terms of price movement. For that reason, I will probably never again invest more than the smallest token amount, and i do that only to satisfy that part of me that wants to do something.

My views may change but the cogent point for me is that the 2017 sell-off was so deep and long lasting, that i don't have much confidence in its stability or permanence. The fact that the stock market has been more reliable for me only solidifies my reluctance to delve there again to any meaningful level.

Again, I am open to the possibility that i may be proven wrong, but it isn't there yet for this previously burned investor/speculator.

I'm up 13% on AMZN and 10% on AAPL since I bought the dips 3 weeks ago. Wish I got more.

investing noob wrote:

I'm up 13% on AMZN and 10% on AAPL since I bought the dips 3 weeks ago. Wish I got more.

thanks for the update.