Huh?

Posted on January 21, 2016 by grim

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116 Responses to Huh?

grim says:

January 21, 2016 at 12:36 am

How absurdly random … D’Une Legende indeed.
chicagofinance says:

January 21, 2016 at 12:54 am

How do I not get FRIST on this you fcuk?!
chicagofinance says:

January 21, 2016 at 12:55 am

If it were GRIMPASSAIC I would give some credit…….
Grim says:

January 21, 2016 at 1:11 am

Heading back to cdg, enough Paris for me.
The Original NJ ExPat says:

January 21, 2016 at 4:51 am

LOL
The Original NJ ExPat says:

January 21, 2016 at 5:08 am

To me the whole Palin thing makes no sense, but I heard something yesterday on a financial podcast that brought it a little into focus. I was listening to an interview of billionaire Ken Fisher about his new book and he said something that made me think. He maintained that the country is about 50/50 split between an urban and “non-urban” point of view or mindset, but the only urban viewpoint is ever shown in mainstream media. Guys like Nom and myself who lean right really never leave the sandbox of the urbanites, so probably even though Palin is a joke even to us…is it possible that there is possibly a full 50% of the population that thinks she is relevant?
The Original NJ ExPat says:

January 21, 2016 at 5:17 am

[6 cont’d] A few years ago I heard someone say in an interview, I forget who, that Palin should have a syndicated TV talk show and in that capacity she could essentially be a Republican kingmaker. OK, I get that if someone is writing her interview questions for her and nobody is asking her any, maybe she could come off as something approximating intelligent, but I really couldn’t imagine a market for the show. Maybe that market is already out there waiting, I’m just not bright enough to acknowledge it?
leftwing says:

January 21, 2016 at 5:19 am

Right urbanite with rural roots who may have actually considered pulling the lever for Trump solely as a middle finger to mainstream Republicanism will not go near a Trump/Palin ticket.

She is a joke.

Plus I could not possibly take four years of a middle aged Tina Fey being herself relevant, again.
The Original NJ ExPat says:

January 21, 2016 at 7:35 am

I agree with this completely, but…what if there are even 1.25 of some other kind of voters gained for each one of the below lost?

Right urbanite with rural roots who may have actually considered pulling the lever for Trump solely as a middle finger to mainstream Republicanism will not go near a Trump/Palin ticket.
Leave No Billionaire Behind (the good one) says:

January 21, 2016 at 7:38 am

@soledadobrien

The media does not care so much about poor people.
grim says:

January 21, 2016 at 7:39 am

Some smorrebrod on this detour through kobennhavn.
Leave No Billionaire Behind (the good one) says:

January 21, 2016 at 7:45 am

am still waiting for my bailout

@zerohedge

Jamie Dimon: “JPM is in great shape”

James Gorman: “Morgan Stanley is in great shape”
Leave No Billionaire Behind (the good one) says:

January 21, 2016 at 7:57 am

Neo-Liberal Capitalism: Privatizing Profits and Socializing Losses
Comrade Nom Deplume, Newspeak Editor says:

January 21, 2016 at 8:05 am

I am reminded of a post on FB I saw from a friend who is an attorney in New Hampshire. He said that he is a Republican, but no one he knows is voting for Trump, so how is it that Trump is leading so widely in the polls?

This is a guy who is not rabidly right wing (in fact, I always took him for a centrist Dem) and not given to conspiracy theories, but he is questioning the polls and the media coverage.

Interestingly, even The Donald has noted the media coverage, pointing out how he gets so much publicity without spending any money. I don’t know whether or not he sees that he is being played for a fool, but I think he is aware of it and figures the free media is worth it if it gets him to the nomination.

Also, and quite surprisingly, I saw one of the MSNBC talking heads calling all this media attention for Trump into question. Perhaps she didn’t get the memo– this is precisely what her masters in the C suite want.
Comrade Nom Deplume, Newspeak Editor says:

January 21, 2016 at 8:21 am

Expat, are you seeing entry points yet?

I did nibble on VZ and DIS a bit but only my highest cost orders triggered. Prices never got down to my next levels. Lots of dry powder but just not seeing the entries I really want.
The Original NJ ExPat says:

January 21, 2016 at 8:37 am

S&P futures knocking on the door of 1875 right now, where they need to be to have a bounce.
The Original NJ ExPat says:

January 21, 2016 at 8:48 am

[15] I’m still waiting for T to get down to around 32 and VZ I would like to see below 43.50. The next ex-dividend data is the same for both and it’s 2.5 months away, so I can be patient. As for DIS, MACD and stochastic are negative but DIS did achieve a “bullish cluster”* two days ago which can be an entry point, but it achieved one on 12/11 too which wouldn’t have served you too well.

*Bullish cluster – Near term, Intermediate term, and Long term momentum all below 20 (100 point scale) which often indicates an oversold condition. A Bearish cluster (possible exit) is when they are all above 80.
The Original NJ ExPat says:

January 21, 2016 at 8:49 am

ex-div date, not data.
The Original NJ ExPat says:

January 21, 2016 at 8:53 am

The ES mini got as high as 1874.25 and has since pulled back. Like I said yesterday, 1875 is now likely to be resistance instead of support.

S&P futures knocking on the door of 1875 right now, where they need to be to have a bounce.
Comrade Nom Deplume, back at sea level says:

January 21, 2016 at 8:57 am

[17] expat

What got my attention on DIS was the fact that it was nearing its 52-week low. Knocking on the door in fact. I figured that would be a support level but put some orders in below it, but it never came close. I have a list and Will be looking to add some defensive positions to it, especially if we get more capitulation-like days.
Comrade Nom Deplume, back at sea level says:

January 21, 2016 at 8:58 am

[20] redux

I also expect DIS to be the beneficiary of a stronger dollar, and less overseas travel by Americans. I also think that their content franchises will remain strong, and that the concerns about the end of bundling are over done in the short-term.
Libturd supporting the Canklephate says:

January 21, 2016 at 9:01 am

VZ (which I’ve owned in my IRAs forever for some dumb reason) is heading higher from hear as their earnings were pretty good this morning. Want to gamble? Watch the price action in ASPS.

Another stock I am waiting to pounce on is AL. I expect low fuel prices to translate into increased air travel. Airlines know to treat the fuel prices as temporary but might need planes to keep up with demand. They should lease them from AL, rather than buy them due to the likely temporary nature of the oil price drop as well as the likely short duration increase in travel demand. I feel bad for those who purchased the Dreamliner.
Libturd supporting the Canklephate says:

January 21, 2016 at 9:04 am

DIS is going to have some tough y/y comparisons, especially after the purchase of the Star Wars franchise which will take a long while to recoup. I’m just guessing here. Regardless of how smart of a purchase it likely was, when earnings come out and the EPS is lower due to the purchase, the street often unfairly punishes those writedowns.
FKA 2010 Buyer says:

January 21, 2016 at 9:15 am

They are hammering Airbnb in the press

Landlords generated $500 million a year on Airbnb: Study

Landlords operating illegal hotels are raking in big bucks on Airbnb, according to a new study, funded by the hotel-lodging industry.

The study found that multi-unit hosts, who operate two or more units, accounted for nearly 40 percent of Airbnb’s total revenue for the year of $1.3 billion — or roughly $500 million in revenue.

“Unfortunately, this report shows a troubling trend as a growing number of residential properties are being rented out on a full-time, commercial basis, in what amounts to an illegal hotel,” said Katherine Lugar, chief executive of the association. She went on to say that Airbnb is being used as a “platform for dodging taxes, skirting the law and flouting health and safety standards.”

http://www.cnbc.com/2016/01/20/landlords-generated-500-million-a-year-on-airbnb-study.html
Libturd supporting the Canklephate says:

January 21, 2016 at 9:15 am

Still going with 10″ Joyce. Shut up ChiFi.
leftwing says:

January 21, 2016 at 9:15 am

vol still too low to call capitulation. need a spike.

just saw a screen with SP mini and oil yesterday, literally lockstep, every move. not really sure how to trade this market if what i’m really trading is WTI.
The Original NJ ExPat says:

January 21, 2016 at 9:19 am

[20] Nom – Do you know what else is at a 52 week low? The market. :-)

What got my attention on DIS was the fact that it was nearing its 52-week low
Libturd supporting the Canklephate says:

January 21, 2016 at 9:30 am

Why we need Bernie over Hillary.

“Regulation Made the World More Dangerous, Blackstone CEO Says”

Still, Blackstone has given at least $250,000 to the Clinton Foundation and related charities over the years. And although Schwarzman gives mostly to Republicans, according to Sunlight Foundation data, he gave $500 to Bill Clinton’s presidential campaign in 1992.
The Original NJ ExPat says:

January 21, 2016 at 9:34 am

I agree. We only touched 32 yesterday, but we spiked to 50+ in August. What I like even better than the VIX is the ratio of the VIX/VXV. Anything below 1.0 is normal volatility, really calm waters are 0.80-0.90, and anything above 1.0 is pretty volatile, above 1.1 – look out! We’ve gotten as high as 1.05 intraday, but we haven’t closed above 1.03 and that was last week. We’re hovering right at 1.0 right now . Back in August we had 4 closes in a row above 1.15!

vol still too low to call capitulation. need a spike.
Libturd supporting the Canklephate says:

January 21, 2016 at 9:35 am

http://www.politico.com/story/2014/04/wall-street-republicans-hillary-clinton-2016-106070
Libturd supporting the Canklephate says:

January 21, 2016 at 9:38 am

Anon…do you feel the Bern yet?

I noticed Otto has mysteriously disappeared (which is a good thing). Let me know when you officially admit to your flip flop. Told you the machine candidates were all the same. In the meantime, here’s more on Cankles.

Clinton, after all, was New York’s senator for eight years, where the financial district was a key constituency. She had many Wall Street rainmakers as advisers and friends. Her family has continued to work that network to try to stock the Clinton Foundation with a $250 million endowment before a presidential run. And she’s been out on the financial services speaking circuit, giving talks to Goldman Sachs and fireside-style chats with the heads of the Carlyle Group and the investment firm KKR.

Clinton warmed some hearts on Wall Street during a paid, closed-press speech to Goldman Sachs executives and other big donors last year when she said of the financial crisis, in essence: We all got into this mess together, and we’re all going to have to work together to get out of it. That line, as the people on hand interpreted her speech, reflects the feelings of many financiers. They know they played a role in the 2008 financial collapse but argue that many other factors did as well, including federal housing policy and irresponsible borrowers lying on mortgage documents. Wall Street sees in Clinton someone who would not look to score easy political points at its expense.
Comrade Nom Deplume, back at sea level says:

January 21, 2016 at 9:49 am

[27] expat

Hence my cautious, practically nonexistent entry.

BTW, VZ reported and I think we missed our entry
Grim says:

January 21, 2016 at 9:51 am

What’s with snowmageddon?
Comrade Nom Deplume, back at sea level says:

January 21, 2016 at 9:52 am

[23] lib,

I get that but I am looking at long term and hope that these will be speed bumps and buying ops. I have but one lot right now so nothing to get exercised over.
Libturd supporting the Canklephate says:

January 21, 2016 at 9:56 am

Looking more like a run of the mill windy snowstorm at this point.

It’s a battle between the NAM (which is unreliable long-term but has been incredibly consistent for days) and the Euro (which has the storm trending further south and east) meaning ChiFi and points South take the brunt. The other models, are all over the place in between. Still, we are 48 hours out so a lot can and will change. There’s a tight northern gradient (which means the ski resorts might not see a flake) which means if the storm trends further South, North Jersey could be completely spared. The original Tuesday call for DC and the Jersey Shore to see the biggest numbers still is the most likely IMO. Though, I wouldn’t rule out an 8-12″ dumping here, which is enough to cause a mess.
leftwing says:

January 21, 2016 at 10:01 am

This healthcare system is so fcuked up….

30 minutes on the phone with my doctor who is on the phone with my Rx….

I need a cream. Doc has ‘coupons’ to keep the price low. Gave me not my first choice because she didn’t have coupons for my first choice. That prescription when I got to the Rx was still $150. Said the heck with that, called doc back and asked if I’m paying that amount anyway just give me my first choice, what does it cost. Well, maybe we can get you your first choice cheaper mail order. Gotta call. No, we can’t. Fine so back to square one give me my first choice at my Rx and I’ll pay full fare, what is the cost? Well, we don’t know.

Combined hour of two people’s lives blown for one simple question:
Please give me the cost of two similar items so I may pick which one to buy.

And you people argue the free market doesn’t work and that this is better?

And as an aside this is part of the reason the economy is stuck in a rut even with a 4.9% unemployment rate. It is not productive employment. Three people (including the pharmacist) getting paid to run around like the three Stooges for over an hour for a task that should take three minutes does not boost economic output.
leftwing says:

January 21, 2016 at 10:03 am

This healthcare system is so messed up….

30 minutes on the phone with my doctor who is on the phone with my pharmacy….

I need a cream. Doc has ‘coupons’ to keep the price low. Gave me not my first choice because she didn’t have coupons for my first choice. That prescr1ption when I got to the pharmacy was still $150. Said the heck with that, called doc back and asked if I’m paying that amount anyway just give me my first choice, what does it cost. Well, maybe we can get you your first choice cheaper mail order. Gotta call. No, we can’t. Fine so back to square one give me my first choice at my pharmacy and I’ll pay full fare, what is the cost? Well, we don’t know.

Combined hour of two people’s lives blown for one simple question:
Please give me the cost of two similar items so I may pick which one to buy.

And you people argue the free market doesn’t work and that this is better?

And as an aside this is part of the reason the economy is stuck in a rut even with a 4.9% unemployment rate. It is not productive employment. Three people (including the pharmacist) getting paid to run around like the three Stooges for over an hour for a task that should take three minutes does not boost economic output.
The Original NJ ExPat says:

January 21, 2016 at 10:07 am

I’ve only missed mine if yesterday was the low for the next 2.5 months. VZ and T are such safe havens that we may even see them decay to my entry levels on a market rise, just as they’ve held up well in a market drop.

BTW, VZ reported and I think we missed our entry
The Original NJ ExPat says:

January 21, 2016 at 10:09 am

[35] There is hardly ever a Nor’Easter that skips Boston, but it looks like this one will.
Libturd supporting the Canklephate says:

January 21, 2016 at 10:23 am

Nom,

The truth of that matter is, that the Dow is down from 18.2K to 15.7K or 14%. At the same time, the SSE is down from 5.2 to 2.9 or 45%. This is over a 9 month period. The beginning of the China bubble was around July 2014. For China to return to 7/2014 levels, it still has another 32% to drop (that’s how stupid big and fast their bubble was). During that same time period the Dow is down about a total of 7%. So realistically, I don’t see any way how Dow drops more than another ten percent.

Though it’s all back of the envelope math based on my c0ckamamie theory that the drop in the demand for oil is a combination of fracking causing oversupply while China’s slowdown is majorly curtailing demand. Add in the appearance of a friendly Iran (their handling of that disabled US Navy vessel and supposed nuclear agreement) just adds more fodder to cheaper oil.

If I were a betting man, I’d put us at around 75% for the peak to valley correction. At this point, anything you put in is very likely to increase than it is to decrease. Of course, I can’t tell you how long it will take for the low cost of oil to increase it’s demand and but a dent in the oversupply resulting in a rebound in the US markets.

This just doesn’t feel like the end of days. If anything, it feels way more like one of the best buying opportunities ever. I just wish I wasn’t nearly 100% long through this correction. My 401k balance is looking awfully puny these days.
The Great Pumpkin says:

January 21, 2016 at 10:50 am

My take too. The big players realized the stock market would not have much gains this year, it would likely be flat. So they played off of the bs, sent out their doom and gloom remarks on the economy, and began their short moves. Now they make a ton of money shorting it, and pick up the discounted pieces that were sold during the panic. It’s nice to be at the top and be able to manipulate the moves of the general public. Let’s see if they make another attempt to shake the tree.

“This just doesn’t feel like the end of days. If anything, it feels way more like one of the best buying opportunities ever. I just wish I wasn’t nearly 100% long through this correction. My 401k balance is looking awfully puny these days.”
The Great Trumpkin says:

January 21, 2016 at 10:54 am

[38] I guess we have to wait and see if we are allowed to have bear markets any more. If we are, they usually last about 9-18 months and the broad market either drops 25%, 33%, or 50% before the next bull.
The Great Trumpkin says:

January 21, 2016 at 10:58 am

I’m guessing this bear market is so long overdue that we will have a long one, but I have no idea of the eventual decline %. I would guess asignificant rally or 3 with the final drop being in October (and that’s when you’ll find the best buys).
walking bye says:

January 21, 2016 at 11:01 am

Not an economist but, if jobs/employment data continue to remain positive and gas prices remain low does this equal to more spending specifically increased vacation travel for the economy? DIS a buy with record number of visitors this year?
The Great Pumpkin says:

January 21, 2016 at 11:03 am

39- They call this profit taking(when they realize there won’t be a rise in the market, so they sell), but it is exactly how I describe it in post 39.
walking bye says:

January 21, 2016 at 11:07 am

Todays millennial stat: Driver Licenses held by 23-24 year olds at 75%, lowest in 3 decades. The news stated 1. perhaps changing attitudes to driving and 2. the car being obsolete for millenials. I would venture at 25% of the wage class cannot not afford the insurance for a young driver, let alone $50 for license.
Raymond Reddington says:

January 21, 2016 at 11:11 am

As far as DIS, along with housing in general, without a background in finance, foreigners are the unknown. When your government, along with the old goats that only care about themselves, everything here is for sale to the highest bidder. Global demand for US housing and visitors for DIS is what to watch. Piracy is also a problem for DIS as those same foreign customers have no qualms about pirating their goodies, are good at it, and have lax laws.
Libturd supporting the Canklephate says:

January 21, 2016 at 11:16 am

Plumpy,

I don’t think it’s quite as simple as that. I used to think like you back in the mid 90s, when I was in my twenties. Unfortunately, that’s just too simplistic and I don’t think WS works exactly in that manner. I think they manipulate a good number of individual stocks in this manner, but not the overall market. This downturn is simply China cooling and oil. Both of which I would expect to return to normalcy eventually.
Libturd supporting the Canklephate says:

January 21, 2016 at 11:20 am

GFS just in. It’s a great example of that tight gradient I was talking about before. QPF is the measure of water expected. An inch of QPF equates to 10-15″ of snow based on other factors. You can see where a 20-mile shift north can easily add another half a foot of snow to your totals.

Keep in mind, this map shows one model among about 10. I like the Euro the best.

http://www.stormvistawxmodels.com/img/gfs-maxres/20160121/12z/GFS-MAXRES_QPFtotal_ne_f72.png?v=1453391419
The Great Pumpkin says:

January 21, 2016 at 11:22 am

I’m just stating that they see no potential in making money, so they profit take, and take a position of shorting. It’s only natural, they are trying to profit every single day.
If people were not trying to profit every single day, there should be no major drops in the stock market. It should modestly rise over time. Instead you have huge swings and it’s due the behavior I described in post 39.

Libturd supporting the Canklephate says:
January 21, 2016 at 11:16 am
Plumpy,

I don’t think it’s quite as simple as that. I used to think like you back in the mid 90s, when I was in my twenties. Unfortunately, that’s just too simplistic and I don’t think WS works exactly in that manner. I think they manipulate a good number of individual stocks in this manner, but not the overall market. This downturn is simply China cooling and oil. Both of which I would expect to return to normalcy eventually.
walking bye says:

January 21, 2016 at 11:28 am

Libturd given a choice, I have a preference for Europe models as well.
The Original NJ ExPat says:

January 21, 2016 at 11:28 am

[47] Great map Stu! So Mountain Creek is might lose all it’s skiers to the Poconos?
Libturd supporting the Canklephate says:

January 21, 2016 at 11:37 am

Here’s the Euro from 3am last night. Next Euro update is 3pm.

http://tinyurl.com/euromapstu
Libturd supporting the Canklephate says:

January 21, 2016 at 11:39 am

I don’t know how meteorologists do it. There is so much data to look at. But one thing is certain. The closer we are to the actual storm occurring, the more accurate the forecasts get. It’s really about all of the models being in agreement. That’s why everyone was so excited on Tuesday. The last time there was this much agreement on a storm 5 days out, it was Sandy.
D-FENS says:

January 21, 2016 at 12:21 pm

We’re trading stocks here Grim. Quit interrupting with your snowstorm talk or I’ll have the blog administrator ban you.
Grim says:

January 21, 2016 at 12:29 pm

Any stock talk correlated with recent volatility is bunk.
Libturd supporting the Canklephate says:

January 21, 2016 at 1:00 pm

What do you think it is Dark Lord?
NJT says:

January 21, 2016 at 1:17 pm

#33 [Grim]

“What’s with snowmageddon?”.

Marketing…More eyes on the T.V. and ears on the radio. Commercial spots increase so…more profit.

It’s just an average winter storm but we haven’t had any yet this season.

I hope it’s a big one. All furnaces tuned and oil tanks full. Snow blower ready to go and brand new shovels for the kiddies.

*I’ve got a good bottle of Bourbon yet to be opened from my birthday last year.

Bring it on!
The Great Pumpkin says:

January 21, 2016 at 1:19 pm

It’s the nature of the beast. While some people are crying, these guys are jumping up for joy.

“Last year was the most profitable ever for short sellers, by one measure. And 2016 is starting off even better for bears.

It’s no secret that betting on declines is proving profitable in what has been the worst start to a year ever for global stocks. What is surprising, according to research firm Markit Ltd., is that returns for shorts are even higher than those generated during the 2008 financial crisis, when considered on a relative basis.”

http://www.bloomberg.com/news/articles/2016-01-21/short-sellers-are-making-an-even-bigger-killing-than-you-think
The Great Pumpkin says:

January 21, 2016 at 1:24 pm

Since the day you were born, profit has shaped almost every single aspect of your life. Even the way you think.

““What’s with snowmageddon?”.

Marketing…More eyes on the T.V. and ears on the radio. Commercial spots increase so…more profit.”
Libturd supporting the Canklephate says:

January 21, 2016 at 1:39 pm

“Since the day you were born, profit has shaped almost every single aspect of your life.”

Not mine. My parents always bought the store brand generic diapers.
Essex says:

January 21, 2016 at 1:40 pm

naw…I’ve been a cost center since birth…..no lie.
The Great Pumpkin says:

January 21, 2016 at 2:10 pm

lol… you know what I mean.

Any choice you have been presented with and any choice you have made has been directed and influenced by profit. Whether that be manipulation to buy a product, look a certain way, act a certain way, dress a certain way, and even what type of music you listen to has been shaped and guided by profit in one way or another.
The Original NJ ExPat says:

January 21, 2016 at 2:13 pm

The S&P 5 minute chart looks just a like textbook head and shoulders with the neckline right at 1875.
The Great Pumpkin says:

January 21, 2016 at 2:18 pm

Just wondering, what’s the boards take on short selling. Should it be allowed, or banned?

Obviously, my take is that it should be outlawed. It takes a normal sell-off and exasperates it, imo. Say a bad earning report is issued for a quarter, people sell and it would drop 10%. Then the short sellers come along and take it down 25-30%. How is this good for the overall market. It adds to the swings and destroys stability. It makes the business climate that much more volatile. I know why people support it, PROFIT. I’m just asking if you think it’s an overall positive for the market?
Anon E. Møøse, Who never bit anyone's sister says:

January 21, 2016 at 2:22 pm

Put me down for a case of Grim!
Libturd supporting the Canklephate says:

January 21, 2016 at 2:23 pm

Short selling should definitely be legal. What shouldn’t be legal is allowing the guys who manage mutual funds, hedge funds, etc., to be able to publish evaluations of stocks. Really, the 10Ks and 10Qs should speak for themselves.
Libturd supporting the Canklephate says:

January 21, 2016 at 2:25 pm

head and shoulders is a shampoo, no?
The Great Pumpkin says:

January 21, 2016 at 2:39 pm

I guess you are right, it roots out fraud and provides liquidity to the market. I just hate how the shorties sometimes put a good company in financial trouble by creating a panic on their share price. Nothing is perfect I guess.

Libturd supporting the Canklephate says:
January 21, 2016 at 2:23 pm
Short selling should definitely be legal. What shouldn’t be legal is allowing the guys who manage mutual funds, hedge funds, etc., to be able to publish evaluations of stocks. Really, the 10Ks and 10Qs should speak for themselves.
Anon E. Møøse, Who never bit anyone's sister says:

January 21, 2016 at 2:46 pm

Plump/Anone [58];

Since the day you were born, profit has shaped almost every single aspect of your life.

All of ours. You’re just too deluded to admit it. Profit == human nature. You figure out how to change that, let me know and I’ll listen. Till then you and Bernie are just noise.
Libturd supporting the Canklephate says:

January 21, 2016 at 2:48 pm

Moose…Who are you behind? Just curious.
Libturd supporting the Canklephate says:

January 21, 2016 at 3:15 pm

If the dow rallies into the close, then can I be credited with calling it the “Admirals Watson and Crick” pattern?

http://tinyurl.com/TA-is-for-fools
3b says:

January 21, 2016 at 3:26 pm

I don’t understand how pumpkin seems.to have so much concern for the everyday man. Corporations are greedy and corrupt markets are rigged the average worker is screwed by corporations nj unions are wonderful, and on and on. And yet oddly enough he somehow still believes that high real estate prices and high property taxes are warranted and justify and new buyers should be happy and proud to pay them. Just saying.
The Original NJ ExPat says:

January 21, 2016 at 4:28 pm

I imagine Pumpkin as perhaps a sorry invalid in a sunny room working a mouse pointer with his mouse. Kind of like Stephen Hawking minus the education and IQ. He doesn’t seem to have any experiences, interactions, or relationships in the physical world, he just spews random conjecture from his vacuum.
The Original NJ ExPat says:

January 21, 2016 at 4:29 pm

mouse pointer with his mouth.
The Great Pumpkin says:

January 21, 2016 at 4:50 pm

Okay, where do I start.

First, I believe every single individual that works and is honest, deserves a middle class life. As long as your work hard, you should have a decent life. That’s how it works in nature. If you work hard, NO MATTER WHAT…YOU WILL HAVE A DECENT LIFE.

Second, I believe everyone should be given a job. I don’t care what it is, you are not getting something for nothing. So do away with all the welfare programs and replace them with job programs. You want to survive, then work. Even if you have a disability, we will find something for you to do. Even if that means reading stories to children in pre-k, we will find something for you to do.

Third, providing jobs to everyone takes out the need to have a union. I only support unions as long as there is an unemployment rate. As long as there are people desperate for jobs, there will be a need for a union. Desperate people don’t provide for a fair labor negotiation. So you need unions, not a 100% union workforce, but at least 30% to have somewhat fair labor negotiations. Till then, the ball is totally in the business owners court and they will continue to rob the workers of their production.

Fourth, not all of jersey has high taxes. Most of jersey has high taxes because of the value of the real estate. Why is this so hard to understand? What’s the avg property rate in nj? What’s the avg property rate in the lowest paying state? What is it a .5% difference ( I don’t know, I didn’t look)? Come on now, you pay for what you get. You want a beautiful colonial in a great school district within commuting distance to nyc in a nice safe town and wait for it,……..anddddd you want low taxes? Wtf world are you living in? Land of make believe? You want low taxes, go where nothing is. You will have nothing to pay for. You are in the wrong place if you think nj can actually have low property taxes based on the land value and the services provided. If the taxes were low, there would be legions of people trying to move into nj to take advantage. You would prob send the home values to astronomical levels. You would prob have foreigners start buying all the land as an investment. Low taxes, and the property values are stable and mostly go up. Taxes will always follow the money man. So lower the tax rate, watch the house values fly up, and then watch the people pay the same amount as before due to the rise in property values.

3b says:
January 21, 2016 at 3:26 pm
I don’t understand how pumpkin seems.to have so much concern for the everyday man. Corporations are greedy and corrupt markets are rigged the average worker is screwed by corporations nj unions are wonderful, and on and on. And yet oddly enough he somehow still believes that high real estate prices and high property taxes are warranted and justify and new buyers should be happy and proud to pay them. Just saying.
The Great Pumpkin says:

January 21, 2016 at 4:58 pm

No one is putting a gun to your head and telling you to live in an expensive house. Don’t want high taxes, lower your standard of living. High taxes come with a high standard of living. It’s as simple as that.
Essex says:

January 21, 2016 at 5:05 pm

65. Suuuuuuure.
Essex says:

January 21, 2016 at 5:06 pm

Pumpkin… I’d love to see a living standard vs taxation report on my desk by 8am.
joyce says:

January 21, 2016 at 5:14 pm

“I don’t know, I didn’t look.”
joyce says:

January 21, 2016 at 5:15 pm

Perfect, couldn’t have said it better myself

“I don’t know, I didn’t look.”
joyce says:

January 21, 2016 at 5:16 pm

One more time for emphasis, just cause

“I don’t know, I didn’t look.”
The Original NJ ExPat says:

January 21, 2016 at 5:18 pm

More support for my thesis that punkin’ lives in a locked room in diapers. He’s never even seen nature.

First, I believe every single individual that works and is honest, deserves a middle class life. As long as your work hard, you should have a decent life. That’s how it works in nature. If you work hard, NO MATTER WHAT…YOU WILL HAVE A DECENT LIFE.
The Original NJ ExPat says:

January 21, 2016 at 5:23 pm

[74] Is it possible that punkin’ is crafting Communism out of whole cloth, not knowing it was already invented?
The Great Pumpkin says:

January 21, 2016 at 5:34 pm

Expat, you don’t believe that everyone should have a job? Welfare system is genius. Get all the workers that have jobs to chip in and pay for the welfare of the people holding down their wages. Rather brilliant, pure genius.
The Great Pumpkin says:

January 21, 2016 at 5:35 pm

I’ll look it up when I get a chance. You know it’s not going to be much of a difference % wise.

joyce says:
January 21, 2016 at 5:16 pm
One more time for emphasis, just cause

“I don’t know, I didn’t look.”
3b says:

January 21, 2016 at 5:40 pm

Pumpkin you missed my whole point but I am not surprised.
POS cape says:

January 21, 2016 at 5:43 pm

I’ve got coffee and cigars stockpiled in preparation for the storm. But then, I always have coffee and cigars stockpiled.
3b says:

January 21, 2016 at 5:44 pm

Pumps and as for your post #74. It has to be one of the most rambling incoherent and nonsensical posts I have ever read here. And I used to be a long time poster here for many years.
The Original NJ ExPat says:

January 21, 2016 at 5:49 pm

Hell no. I hate even worse the phrase, as you used, “Everybody should given a job. I believe you go out and find a job. It’s a competition, not a birthright.

Expat, you don’t believe that everyone should have a job?
The Original NJ ExPat says:

January 21, 2016 at 5:51 pm

[88] OTOH, just get yourself incarcerated. You’ll be given a job.
The Original NJ ExPat says:

January 21, 2016 at 6:01 pm

Here’s the best to worst scale in transitioning from unemployed to employed:

1. I have 3 offers, I’m deciding which job to take.
2. I have 5-10 interviews per week, I expect an offer soon.
3. I’m looking for a job.
4. I’m deciding what kind of job I want. (tie)
4. No one will give me a job. (tie)
6. Do you know anyone that is hiring?
7. I have to start looking for a job soon.
joyce says:

January 21, 2016 at 6:06 pm

“I’ll look it up when I get a chance. You know it’s not going to be much of a difference % wise”

No I don’t, that’s the point. Idiot
The Great Pumpkin says:

January 21, 2016 at 6:38 pm

Your point was understood. You can’t understand how I am for the common man and at the same time justify nj taxes and real estate prices. I thought I addressed it.

3b says:
January 21, 2016 at 5:40 pm
Pumpkin you missed my whole point but I am not surprised.
The Great Pumpkin says:

January 21, 2016 at 6:41 pm

I agree it’s a competition, so why are you afraid of everyone having a job? Too much competition, you would rather have people be welfare recipients than competition?

The Original NJ ExPat says:
January 21, 2016 at 5:49 pm
Hell no. I hate even worse the phrase, as you used, “Everybody should given a job. I believe you go out and find a job. It’s a competition, not a birthright.

Expat, you don’t believe that everyone should have a job?
The Original NJ ExPat says:

January 21, 2016 at 6:46 pm

How much are your meds off? Everyone gets a job and that increases the competition? Tell the Indian that you and him can break everyone out from under Nurse Ratchet’s control if he just pulls up the water fountain and breaks the window with it.

I agree it’s a competition, so why are you afraid of everyone having a job? Too much competition, you would rather have people be welfare recipients than competition?
The Great Pumpkin says:

January 21, 2016 at 6:46 pm

What is nonsensical, please explain.

Rambling? I was explaining how I can support the common man and nj tax/prices at the same time.

3b says:
January 21, 2016 at 5:44 pm
Pumps and as for your post #74. It has to be one of the most rambling incoherent and nonsensical posts I have ever read here. And I used to be a long time poster here for many years.
The Original NJ ExPat says:

January 21, 2016 at 6:53 pm

https://www.youtube.com/watch?v=I3c2cXiEUHo

Does anyone remember that Danny Devito was in this movie…with hair!
The Great Pumpkin says:

January 21, 2016 at 7:00 pm

Yes it does. It means people are not being born into generational welfare households. So you will indeed have a ton of competition if everyone has a job. It will lead to a spirit of ambition in people, not a feeling of hopelessness. Remember, if everyone has a job, the true cost of labor will be revealed. People will not have artificial barriers (welfare recipients) holding down their wages. Their productivity will have an even hand on the bargaining table of profits.

The Original NJ ExPat says:
January 21, 2016 at 6:46 pm
How much are your meds off? Everyone gets a job and that increases the competition? Tell the Indian that you and him can break everyone out from under Nurse Ratchet’s control if he just pulls up the water fountain and breaks the window with it.

I agree it’s a competition, so why are you afraid of everyone having a job? Too much competition, you would rather have people be welfare recipients than competition?
The Original NJ ExPat says:

January 21, 2016 at 7:02 pm

Check out Christopher Lloyd as a real Pumpkin-like psycho: https://www.youtube.com/watch?v=EYDP3nBh_E4#t=180.211503515
3b says:

January 21, 2016 at 7:02 pm

#95 you answered your own question.
Punch My Ticket says:

January 21, 2016 at 7:25 pm

[84] “I’ll look it up when I get a chance. You know it’s not going to be much of a difference % wise.”

http://taxfoundation.org/blog/how-high-are-property-taxes-your-state

#1 NJ 2.38%
…
#50 HI 0.28%

Factor of 8. Not much of a difference at all.
The Great Pumpkin says:

January 21, 2016 at 7:40 pm

The states with the highest property tax rates according to the foundation’s analysis are:

New Jersey: 2.38 percent of total home value
Illinois: 2.32 percent
New Hampshire: 2.15 percent
Connecticut: 1.98 percent
Wisconsin: 1.96 percent
The states with the lowest property tax rates are:

South Carolina: 0.57 percent of home value
Delaware: 0.55 percent
Louisiana: 0.51 percent
Alabama: 0.43 percent
Hawaii: 0.28 percent

http://www.moneytalksnews.com/states-with-the-highest-and-lowest-real-estate-property-tax-rates/
The Great Pumpkin says:

January 21, 2016 at 8:01 pm

This is probably the best list you can find out there to know total tax burden based on the individual. There is like a 5% difference between the lowest state and highest state. In all honesty, is 5% making that much of a difference that you would base where you are living on this? I call bs on anyone that is not retired and moves based on taxes.

http://www.forbes.com/pictures/emeg45efhjf/no-1-wyoming/
leftwing says:

January 21, 2016 at 8:34 pm

” Is it possible that punkin’ is crafting Communism out of whole cloth, not knowing it was already invented?”

Quote of the day, Ex.

And pumps, the difference is 5+ percentage points, which is close to a 90% change from low to high. But far be it from you to discern.
Fabius Maximus says:

January 21, 2016 at 8:39 pm

NWS Upton calling 2-8 in the city.
The Great Pumpkin says:

January 21, 2016 at 8:50 pm

Did you include the 5+ percentage points difference in services and amenities?

“And pumps, the difference is 5+ percentage points, which is close to a 90% change from low to high. But far be it from you to discern.”
Libturd at home says:

January 21, 2016 at 8:51 pm

SREFs just ticked North and West. This one is far from locked in.
The Great Pumpkin says:

January 21, 2016 at 9:01 pm

The avg salary is around 50,000. You are telling me that someone is going to move based on paying 3500 in taxes as opposed 6,000? I don’t think so.

Plus, you can’t even make this comparison on avg salary. People in the high tax states make a lot more than avg. The avg is bought down by cities like Paterson, Camden, Trenton, Passaic, and Newark. Take those cities and dump them in the lowest taxed states and lets see if their low tax status holds true. At the same time, watch the avg salary of a nj citizen go close to 6 figures. Then you will understand why people willingly live in high cost areas, it’s for the paycheck.
The Great Pumpkin says:

January 21, 2016 at 9:07 pm

We can do it for a 100,000. Someone is going to move because they pay 12,ooo in one state and 7,000 in another? Really?

Do it for 200,000. Someone is going to move to a lower paying job because they pay 24,000 in one state and 14,000 in another. Is the 10,000 really worth going down in pay. Not too many markets have jobs in the 200,000 range. I’ll pay the 90% more in taxes to make way more money. Isn’t that what it comes down to?
The Great Pumpkin says:

January 21, 2016 at 9:09 pm

And that is at the extreme. 5% difference between lowest and highest out of 51 states. The median is nowhere near that. So how much are taxes really playing a role in making someone move? I say based on the current data, almost no chance in hell unless they are retired.
leftwing says:

January 21, 2016 at 9:10 pm

The above doesn’t even make sense, on so many levels.

“If black were white, then it would be white”.

Pointless to engage you.

And, yeah, I would argue that $2500 *especially* for someone making $50k is a monster change.
The Great Pumpkin says:

January 21, 2016 at 9:11 pm

50 states….I shouldn’t even have to correct this, but I know some of you will have a field day with this simple mistake.
leftwing says:

January 21, 2016 at 9:11 pm

Actually, 112 was referencing the first of the three drivels. Didn’t read the rest.
The Great Pumpkin says:

January 21, 2016 at 9:27 pm

Let me try to explain what I meant. If you took out those urban areas of jersey, do you know how much our taxes would go down? Most low tax states don’t have to deal with the poverty issue that the high cost states do. High tax states have to buy out the poor so they don’t get robbed. Low tax states don’t attract legions of poor. Unfortunately, they follow the money. If you took this population out of jersey, the avg income would be close to 6 figures. Look at nj’s income stats. You think the avg income would be only 50,000 if those urban areas were not included? You think the family income would only be 70,000 in nj? You know the property taxes people are paying and the high price of houses they are buying. You think those figures hold true when applied to the population that actually owns houses? Those areas bring those numbers down significantly.

“The above doesn’t even make sense, on so many levels.”
leftwing says:

January 22, 2016 at 3:42 am

Let me explain why you have no idea what you are talking about.

” If you took out those urban areas of jersey, do you know how much our taxes would go down? Most low tax states don’t have to deal with the poverty issue that the high cost states do.”

By definition when dealing with averages and medians there are values above and beneath both. Unless he data set is entirely homogenous, which is a major erroneous assumption on your part.

So, remove the bottom and by definition the average/median increases. ALWAYS.

Take the Bronx out of New York State (ranked dead last by county, $18k per capita income) and per capita income goes up.

Take Manhattan out of New York State (ranked first place by county, $111k per capita income) and per capita income goes down.

Ditto Compton and Beverly Hills for LA County. And on. And on.

Donkey.

There is a second major issue with your statement, which I have neither the time nor inclination to dissect.

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