October home sales hold strong

From MarketWatch:

Existing-home sales rise slightly as demand remains strong for housing

Existing-home sales moved higher in October despite expectations they would do the opposite, underscoring the strong demand for housing across the country.

Existing-home sales increased 0.8% between September and October, hitting a seasonally-adjusted, annual rate of 6.34 million, the National Association of Realtors said Monday. Compared to a year ago, sales were down 5.8%.

“Home sales remain resilient, despite low inventory and increasing affordability challenges,” Lawrence Yun, chief economist at the National Association of Realtors, said in the report. “Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

Economists polled by MarketWatch had projected existing-home sales to come in at 6.2 million.

On a regional basis, existing home sales only rose in the South and the Midwest. Meanwhile, the number of homes sold declined in the Northeast on a monthly basis, and remained flat in the West.

The median price for an existing home sold in October was $353,900, up more than 13% from a year ago. Unsold inventory was at a 2.4-month supply, equal to the previous month. A 6-month supply of homes is considered to be a sign of a balanced market.

All-cash sales represented nearly a quarter of all transactions in October, up on both a monthly and annual basis.

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215 Responses to October home sales hold strong

  1. grim says:

    So my 9yo got her shot on Friday after school. Other than being a little tired on Saturday, she got through it pretty easily. My father is still hanging in there fighting some residual symptoms.

  2. grim says:

    Hearing from my restaurant colleagues that they are getting killed by food cost inflation on top of increased labor costs. Some are still trying to absorb some of the price increases, for fear of losing business heading into the holidays. Others that have been pushing through increased prices, but are seeing pushback and hearing complaints. Many savvy operators pushing price increases through beverages, simply because there is far less price elasticity there. While you might skip an appetizer, you are still going to order the beverage (alcohol or non-alcohol). Suspect we’re going to see the $5 soda pretty soon.

  3. grim says:

    No worries though, Yellen is pretty confident that inflation will fall to normal levels by the end of next year.

  4. Hold my beer says:

    Most local places by me have raised prices by $1 or $2 a meal and increased drink prices. Waffle House now costs us $11 a person for a meal and a drink.

  5. Hold my beer says:

    Get your skin checked people. I got diagnosed with Melanoma stage 0 last week. It was still in the top layer of skin and was removed. Have to go back next week and have more tissue removed all around it as a precaution in case there were some cancer cells in the border area.

  6. grim says:

    Sussex County leading in the schools outbreaks – wondering if they are next for the Delta wave, along with South Jersey.

    The Delta wave that moved up from the south is burning through Western NY and PA, headed this direction. It’ll hit Sussex, Warren, and Hunterdon first.

  7. Juice Box says:

    Game changer for Skin Cancer is in Phase II trials. BNT111 mRNA vaccine for skin cancer. Same folks who brought the first Covid mRNA vaccine to market BioNTech.

    This skin cancer vaccine is embedded with four tumor-related antigens, so antibodies will be created by your immune system that can identify and remove the cancer cells.

  8. grim says:

    Yeah, had my cheek cut last year to remove melanoma. No joke, don’t mess around waiting.

  9. Phoenix says:

    Well, if you cannot work from home, you can tint your windows to protect you from UV rays- well, guess where it’s illegal..

    https://windowtintlaws.us/

  10. Phoenix says:

    You will find, however, that almost every NJ car that does have tinted windows has a placard somewhere on the dash….

    New Jersey goes further. It prohibits all front windshield tinting and is one of only four states that bans all front side-window tinting, except for drivers with certain medical ailments.

    Some traffic officers believe the law should be much more comprehensive.

    “Except for some medical conditions, there’s no reason why window tinting should even be allowed,” Franco insisted.

  11. Phoenix says:

    Protect the few at the expense of the many.

    In the U.S., melanoma and nonmelanoma skin cancers are more common on the left side, since drivers are most directly exposed through a window on their left side, and drivers are more common than passengers.

    A broad-spectrum sunscreen (with at least SPF 15 for short drives and SPF 30 or higher for longer exposures), along with other measures such as wearing long sleeves and sunglasses, can help reduce your risk of skin cancer. You can also check local regulations to see if you are allowed to add window film or tinting to your car windows. Some window film carries The Skin Cancer Foundation Seal of Recommendation, and you can find these products and more on the Sun Protection Product Finder.

    Don’t forget that the sun’s radiation reaches you year-round, not just in the spring and summer. About 90 percent of holiday travel is in cars, and with the average distance traveled more than 200 miles, the exposure adds up!

  12. The Great Pumpkin says:

    This is a double edge sword. Just glad it’s not in my state.

    Nj is a prime example of what happens when you let businesses do whatever they want. How many superfund sites? Texas is nj once upon a time, and they better be careful chasing that dollar over the environment and quality of life. But hey, if texas wants to be the wild west for business, the rest of the country thanks you for taking the torch. Run with it, and then we will tax you and make you subsidize the rest of the states.

    “In particular, Markusic explained, he needed the freedom to act fast. Firefly, which was valued at more than $1 billion earlier this year and plans to grow its workforce from roughly three hundred at the start of 2021 to nearly a thousand by the end of 2023, competes with some of the world’s most deep-pocketed and aggressive entrepreneurs. “Time is our most precious commodity,” Markusic explained, “and we can move a lot faster here in Texas.” In other states, he said, “you’re almost working from a position of presumed guilt, and then you have to prove you’re not doing anything wrong. In Texas, it’s set up to presume that you’re not breaking the law. That allows us to operate our site without extensive permitting. The only permitting that’s required at this site right now that I’m aware of is our septic.” The company has to abide by state and federal environmental laws, he added, but there were no bureaucratic approvals to secure before his team could start firing up the rocket blaster.

    He compared that to a previous experience when he was building a test facility for Virgin in California: “When we went in to get the permitting, they wanted to classify it as a power plant. And you can imagine if you want to build a power plant, that’s going to be a tough permitting slog. It was just a silly, one-size-fits-all way of thinking.””

  13. Bystander says:

    I think lettuce is hiding the inflation. How many of wives look at cost of salad? It is $14 plus $6 to add a few shrimp. I am always aware of burger or chicken sandwich prices. Insane.

  14. The Great Pumpkin says:

    Remember what I posted yesterday about the housing market, when everyone and their mother thinks pricing will drop, it’s most likely not going to, esp when they are selling their house to rent, and then try to buy back again. No one times the housing market like that.

    “Home sales remain resilient, despite low inventory and increasing affordability challenges,” Lawrence Yun, chief economist at the National Association of Realtors, said in the report. “Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

  15. The Great Pumpkin says:

    Damn, you guys are scaring me. I’m 41 and my wife turns 41 next month. Should we go get checked out?

    grim says:
    November 23, 2021 at 8:07 am
    Yeah, had my cheek cut last year to remove melanoma. No joke, don’t mess around waiting.

  16. Libturd says:

    Had to go to the Apple Store in Willowbrook to fix my son’s brand new, but bricked 13pro Mini. Since it was going to take an hour to fix, walked over to Bdubs for a beer. For a regular beer (Allagash White) it was $7.46. With tip, that’s $9. Super sweet bartender at least who helped make the hour go by quickly.

  17. Phoenix says:

    Pony up, taxpayers.

    New Jersey prison gang beat schizophrenic inmate, 22, unconscious before throwing MICROWAVE at his head four times while guards stood by and watched.

  18. BRT says:

    So I had 3 periods worth of Covid exposure last week and I literally got coughed on. Tested negative. Looks like I still don’t need a booster.

  19. BRT says:

    The amount of people who haven’t had routine cancer screenings of various forms in the past 2 years is going to yield a whole lot of what were preventable deaths in the coming decade. Public health officials at the top have refused to even acknowledge this.

  20. Fast Eddie says:

    O’Biden wants to release 50 million barrels of oil from the reserve to reduce prices of gas and fuel. 50 million barrels will be gone before your Thanksgiving dinner. He also blames the oil companies for price gouging after OPEC told him to go f.uck himself. Remember folks, symbols equal achievement to a liberal. A gesture is a completed task. Positive outcomes that benefit the nation overall are merely a state of mind to the flexuous mind of a liberal.

  21. crush says:

    That the Essex County inmate did not die is very surprising. That was a lot of head trauma while he is lying there unconscious and defenseless. In all the savage group beating videos I’ve ever seen, this one definitely had the highest proportion of head kicks and stomps compared to body kicks and stomps. All the guys just kept targeting his head. I personally couldn’t watch after the first microwave toss.

  22. The Great Pumpkin says:

    When was your 2nd shot? I have to get mine….last shot was 4/8/21. I know it’s only a matter of time before it’s spreading in my school, if it’s not already. Some of these kids barely wear their masks and I’m getting sick of talking to the wall or getting into confrontations over it.

    BRT says:
    November 23, 2021 at 9:23 am
    So I had 3 periods worth of Covid exposure last week and I literally got coughed on. Tested negative. Looks like I still don’t need a booster.

  23. The Great Pumpkin says:

    You’re in the jungle baby! -Axl Rose

    Imagine trying to teach these kids when they were in high school. Some are straight up savages.

    crush says:
    November 23, 2021 at 9:38 am
    That the Essex County inmate did not die is very surprising. That was a lot of head trauma while he is lying there unconscious and defenseless. In all the savage group beating videos I’ve ever seen, this one definitely had the highest proportion of head kicks and stomps compared to body kicks and stomps. All the guys just kept targeting his head. I personally couldn’t watch after the first microwave toss.

  24. Phoenix says:

    Crush,
    Watched it too. On reddit public freakout. No guards to be seen at all. Microwave and water cooler to the head. Brutal.

    NJ is going to pony up a large check for this one. Just wait till they get the hospital bill alone as he is in an induced coma. Of course, they will be paying for officers to sit there and watch him around the clock in the hospital as well.

  25. Phoenix says:

    Eddie,
    That oil release is a joke. There is no one at the helm of the USS America.

  26. Trick says:

    Lost family members do to melanoma. I get checked every year, walk out appointment with a face full of blisters. White Irish skin doesn’t help.

  27. grim says:

    Had a psych professor in my undergrad that continually pressed the point that humans were not all inherently good, in fact, many of them were bad, would always be bad, and you would be doing society a disservice by assuming otherwise. This was not a treatable or reformable condition at all, and lifetime incarceration was the solution. He did a considerable amount of research on sociopaths and narcissism. Not sure if there was some tipping point in his own life, but was pretty clear that he thought it was not a curable condition, and that signs of sociopathy in kids were highly correlated with violence in adulthood.

  28. Trick says:

    Pump’s, my aunt was diagnosed in her early 40’s and passed in her mid 50’s, Almost all my aunts and uncles have had it, father had a 1/2 of the skin on his head removed. Its no joke.
    That and the PSA test, that is what eventually got my father, and my brother had his removed last year.

  29. grim says:

    Correction, it was carcinoma on my cheek, not melanoma. You die from melanomas, you don’t die from carcinomas.

  30. Phoenix says:

    Don’t tint that window..

    “Lost family members do to melanoma. I get checked every year, walk out appointment with a face full of blisters. White Irish skin doesn’t help.”

  31. The Great Pumpkin says:

    It’s a cartel, and they are in control right now since the crash in oil price last year took out all the weak hands that were holding the cartel in check.

    Just like every other manufacturer or business is taking advantage of the inflation boogeyman, so is OPEC.

    I’m telling you, a lot of this inflation is coming from bs; companies that are trying to make up for the losses of last year. OPEC is doing the same exact thing…taking advantage of the market psychology that has accepted higher prices because of the inflation boogeyman. No one is going to push back against pricing right now.

    The market will not keep accepting this, and normal competition will take over as greed goes to work in the market, and people try to increase market share. No one is trying to increase market share this past year, they were only trying to stay afloat (another reason WFH was working).

    Btw, other countries are tapping oil reserves also, trying to put pressure on OPEC. It will hurt, so OPEC better wake the f up. Better to have some money, as opposed to accelerating the trend away from oil as countries look for other avenues for their energy.

    Fast Eddie says:
    November 23, 2021 at 9:28 am
    O’Biden wants to release 50 million barrels of oil from the reserve to reduce prices of gas and fuel. 50 million barrels will be gone before your Thanksgiving dinner. He also blames the oil companies for price gouging after OPEC told him to go f.uck himself. Remember folks, symbols equal achievement to a liberal. A gesture is a completed task. Positive outcomes that benefit the nation overall are merely a state of mind to the flexuous mind of a liberal.

  32. The Great Pumpkin says:

    Trick,

    Thanks for the advice, appreciate it. Going to get this checked out asap.

  33. Phoenix says:

    Neck, head and face are nasty tumors. Very hard to dissect out cancer from the structures of these areas. Nerves and lymph nodes aplenty.

    And thank your dentist for checking your mouth and tongue for cancer when you get those chompers cleaned.

  34. The Great Pumpkin says:

    Been teaching for 17 years, and I agree with him. I can tell if someone is a monster or if they are good. I know some people believe that no one is bad, that they all can be saved, but I don’t think so. I don’t know why we waste so much time and resources in our society trying to help monsters. Some people are pure evil.

    grim says:
    November 23, 2021 at 9:48 am
    Had a psych professor in my undergrad that continually pressed the point that humans were not all inherently good, in fact, many of them were bad, would always be bad, and you would be doing society a disservice by assuming otherwise. This was not a treatable or reformable condition at all, and lifetime incarceration was the solution. He did a considerable amount of research on sociopaths and narcissism. Not sure if there was some tipping point in his own life, but was pretty clear that he thought it was not a curable condition, and that signs of sociopathy in kids were highly correlated with violence in adulthood.

  35. Hold my beer says:

    Pumps

    Get checked once a year and point out anything you think is new or has changed, and if you notice anything suspicious go get checked right away. Some aggressive melanomas can go from bring invisible to stage 4 in 2 months. Mine went from invisible to 6 millimeters in less than 2 months. And 2 dermatologists had checked me out. 1 in august found a basal. Went for mohs surgery a few weeks later and that dermatologist found a 2nd very small basal. He told me people who have skin cancer more than once tend to grow them in bunches in that area so he checks out face and neck before he does mohs on a diagnosed facial one. I even pointed out an old scar on my neck that is less than 1″ from the melanoma spot from an atypical growth that had been found 6 months after 1st skin cancer years ago and this growth wasn’t there yet.

    I pointed out the melanoma spot when I went back for a 3 month check last week and told the Dr I think this is new. It wasn’t on my chart and she didn’t like how it went from not existing to 6 millimeters so quickly so she removed it entirely instead of just biopsying it.

  36. Bystander says:

    I don’t know why dumpy did not EO cost of barrel of gas in 2020 to maintain stability? Should have said $60/min so that fracking boom to continued. Instead, it fell off a cliff. Thanks Don.

  37. chicagofinance says:

    Does Not Fit Narrative – Must Suppress

    Chisholm also describes himself on his website as a “bold reformer with a track record of keeping our community safe.”

    But the DA has acknowledged in the past that his approach could enable murderers to be put back on the streets of Milwaukee.

    “Is there going to be an individual I divert, or I put into treatment program, who’s going to go out and kill somebody?” Chisholm said in a 2007 interview with the Milwaukee Journal Sentinel.

    “You bet. Guaranteed. It’s guaranteed to happen. It does not invalidate the overall approach.”

    Chisholm has come under fire after admitting on Monday that Darrell Brooks, the man charged with mowing down five people in Waukesha, had been released on an “inappropriately low” bond following an arrest earlier this month.

    He vowed to investigate how Brooks was given the $1,000 cash bond despite allegedly running the mother of his child “over with his vehicle” in a Milwaukee gas station parking lot on Nov. 2.

  38. chicagofinance says:

    The release is cynical, unprecedented, and most importantly, ineffectual.
    Unbelievable patent stupidity executed by hacks.
    Not kidding….. this is the type of thing Trump would do…. where are the adults in the room?

    Fast Eddie says:
    November 23, 2021 at 9:28 am
    O’Biden wants to release 50 million barrels of oil from the reserve to reduce prices of gas and fuel. 50 million barrels will be gone before your Thanksgiving dinner. He also blames the oil companies for price gouging after OPEC told him to go f.uck himself. Remember folks, symbols equal achievement to a liberal. A gesture is a completed task. Positive outcomes that benefit the nation overall are merely a state of mind to the flexuous mind of a liberal.

  39. Bystander says:

    I want to go back 10 years and revisit that Mom who took off down Taconic in wrong direction, mowed down another car and killed 8. What were her political affiliations? There had to be angle here.

  40. BRT says:

    Most of the kids that I know ended up locked up that were classmates of mine, this was easily identifiable by 6th grade. They were truly awful people. Now that I’ve gotten to see kids grow up, there’s a few that I pinpointed where it was glaringly obvious by age 6 that they were inherently evil and manipulative and it’s mind blowing to watch them continue to develop. Whether parenting can alter that, I have no idea…but they aren’t even trying, as they aren’t willing to acknowledge any misdeeds of their kids.

  41. Fast Eddie says:

    Not kidding….. this is the type of thing Trump would do….

    No he wouldn’t because we relied on no one for our gas/fuel under the Trump administration. We were energy independent among a lot of other positives. I’m surprised you would toss that in, given your ability to separate the rhetoric from real progress. Yeah, he was a braggart and narcissist but he achieved results; true proceeds and advancement.

  42. Hold my beer says:

    Grim

    Did you have mohs done on your cheek?

  43. The Great Pumpkin says:

    Exactly what I was talking about earlier…such a waste of resources and just ends up hurting all the good people who pay the price for the bad.

    It’s not rocket science, if you do bad things, you are a bad person. Why waste time on bad. Some people are obsessed with wasting their time saving people that can’t be saved.

    ““Is there going to be an individual I divert, or I put into treatment program, who’s going to go out and kill somebody?” Chisholm said in a 2007 interview with the Milwaukee Journal Sentinel.

    “You bet. Guaranteed. It’s guaranteed to happen. It does not invalidate the overall approach.””

  44. The Great Pumpkin says:

    Thanks, hold. Never realized how serious this was. Getting old blows.

  45. BRT says:

    If you think OPEC is a cartel, then you should stop allowing politicians to attack the domestic energy industry.

  46. The Great Pumpkin says:

    We were, and then their success took down the price as OPEC flooded the f/ing market to take them out.

    Fast Eddie says:
    November 23, 2021 at 10:42 am
    Not kidding….. this is the type of thing Trump would do….

    No he wouldn’t because we relied on no one for our gas/fuel under the Trump administration. We were energy independent among a lot of other positives. I’m surprised you would toss that in, given your ability to separate the rhetoric from real progress. Yeah, he was a braggart and narcissist but he achieved results; true proceeds and advancement

  47. Juice Box says:

    Newark has a lower crime rate than Milwaukee.

  48. Phoenix says:

    No one believes in the American court system. I had solid evidence in my case, no District Attorney would bother cause it’s too much work, and not high profile enough.

    The only reason Kyle was addressed was because he was high profile. It’s about their ego, about money, but never about justice.

    Don’t be fooled.

    “Chisholm has come under fire after admitting on Monday that Darrell Brooks, the man charged with mowing down five people in Waukesha, had been released on an “inappropriately low” bond following an arrest earlier this month.”

  49. chicagofinance says:

    Fast for you…. for the mulligan
    https://youtu.be/agvibm7Wqy4?t=80

  50. grim says:

    Did you have mohs done on your cheek?

    Nah, I’m ugly. We just cut it out and they checked for clear margins. My wife wanted me to go to a plastic surgeon that was more of a specialist, but I didn’t care much because it always going to be a scar. It actually healed really well, I’m happy with it. Been going to this derm since I was a kid, so I trust him to hack away.

  51. The Great Pumpkin says:

    Amen. Why is it wrong to acknowledge that some people are bad and can’t be saved.

    You bring up a good point. When you were in school when you were young, you knew who the bad kids were and tried to avoid them. IT WAS OBVIOUS. Instead, we make excuses for them and try to perform miracles trying to save them. That’s the thing I hate most about being a teacher in my district. Waste so much time trying to save the bad kids. F them. Help the good kids.

    BRT says:
    November 23, 2021 at 10:39 am
    Most of the kids that I know ended up locked up that were classmates of mine, this was easily identifiable by 6th grade. They were truly awful people. Now that I’ve gotten to see kids grow up, there’s a few that I pinpointed where it was glaringly obvious by age 6 that they were inherently evil and manipulative and it’s mind blowing to watch them continue to develop. Whether parenting can alter that, I have no idea…but they aren’t even trying, as they aren’t willing to acknowledge any misdeeds of their kids.

  52. Fast Eddie says:

    I wish I could explain more about what I do and how the Trump tax cuts helped me personally and who knows how many others. All I can say is that the tax cuts enabled my company to distribute a one-time bonus across the board to every employee. It also juiced our research revenue which was really needed as our technology (and other facets) was getting tired, for lack of a better term.

    It was like super fuel to our research as new leadership was hired because the money was there to attract tier one talent that in just a few years, propelled us out in front. Our competition, although few in number due to our specialty, was now left in the dust as they tried to beat us. As a result, we received higher year end bonuses, more promotion and chunky raises.

    Because of this progress, we were now the attention of Fortune 100 companies fighting to buy us. And when I say fighting, it was a real rumble going on to acquire us. In early 2021, a company won us and I’m now part of one of the biggest global analytical companies in the world. Why? Because the Trump tax cuts set off a series of capital advancements that grew us, grew our technology, provided demand, expanded head count, solicited buyers which supplied the food chain in multiple directions.

  53. Fast Eddie says:

    ChiFi,

    I know that song well!! Monster Truck is awesome! I like some of Kid Rock’s stuff, too!

  54. The Great Pumpkin says:

    Fast,

    Trump did good things, that’s why I supported him at one point, but he totally f/ed it all up with his ego and mouth. Why couldn’t he stop trying to divide the country, shut up, and only focus on policy? Too much to ask from an ego maniac.

  55. BRT says:

    By, until the reason for him driving through was established, it’s a legitimate question. The right wing media is rushing to conclusion. The left wing media is rushing to excuses.

  56. Hold my beer says:

    Grim

    You must heal pretty well.

    Mobs surgery is amazing.

    The one I had done on my cheek years ago and the one under my eye last year aren’t even noticeable now.

  57. The Great Pumpkin says:

    How is this sustainable? If they stop growing the population as fast as they currently are, they are f’ed. How are they going to pay for everything? I guarantee an income tax is coming to Texas the minute the population growth stops its current rapid pace. How else are they going to pay for all this? Talk about kicking the can…

    “Of course, wealthy moguls and investors also stand to reap handsome personal financial benefits by setting up in Texas. The state famously doesn’t charge income tax (though high property taxes make up the difference for a lot of homeowners). More importantly for the investor class, Texas doesn’t charge capital gains tax. California’s personal-income tax, by comparison, is the highest in the U.S., at 13.3 percent for sums of more than $1 million a year. The capital gains rate is similar.

    And then there are the corporate incentives. Texas has long been known for luring companies away from other states with generous packages containing various tax breaks. Tesla recently negotiated a tax break worth nearly $60 million over 10 years to build its Gigafactory in Del Valle, in exchange for investing $1.1 billion in the plant and vowing to hire at least half of its expected employees from Travis County. At the time of this writing, Samsung was negotiating with Williamson County and the City of Taylor to build a potential $17 billion chipmaking plant there. The South Korean electronics giant had rejected an initial offer from the City of Austin that included almost $650 million in incentives over 10 years; the company wanted a 100 percent tax abatement for 25 years.

    Whether economic incentives for business relocation come from a city, a county, or the state’s Texas Enterprise Fund (former governor Rick Perry’s legacy), they’re almost always controversial, with opponents pointing out all the ways they can strain existing infrastructure—roads, water, schools, the electric grid—and end up costing a community as much as it gives away in incentives. The math of whether a deal ends up benefiting a community can be endlessly debated, though. Proponents argue that landing a big corporate relocation spurs investment in communities and creates jobs (though Perry also had terrific luck getting donations from a source tied to the companies his administration locked in with incentives, as a New York Times investigation famously found). A new plant like Tesla’s or Samsung’s will ideally lead to local home construction, investment in the local service economy, and eventual relocation of suppliers.”

  58. The Great Pumpkin says:

    Wow, 92.5%. I guess the plan for texas is to attract all these businesses and then cry about the mess later….kick that can baby. Everything is going to be alright as these businesses destroy the infrastructure and leave the bill for the citizens of Texas down the road. LMFAO.

    “The Taylor facility, located in central Texas, plans to create around 1,800 jobs, though chip production isn’t expected to start until the end of 2024, according to documents Samsung had previously filed with Texas authorities. To woo Samsung, Taylor had offered incentives that include the equivalent of property-tax breaks of up to 92.5% for the first 10 years, with the write-offs gradually declining over the next several decades”

    https://www.wsj.com/articles/samsung-to-choose-taylor-texas-for-17-billion-chipmaking-factory-11637627613?mod=hp_lead_pos6

  59. Bystander says:

    Ed,

    At some point, you should check your bulls&t-ometer. It did nothing on grand scale that you mentioned. GDP never moved up? Why if all you say is true? Most companies pocketed the money or small bonus bump. My old IB took the cut and gave us no raises, especially true for foreign owned firms. Nice that your US entity got a break..thanks we will take that back to Europe.

  60. Hold my beer says:

    Pumps

    The governments are probably projecting tax revenue from property and sales taxes. Property taxes are higher than jersey’s and the sales tax rate is 8.25% and the county and town get to keep 2% while 6.25% goes to the state.

  61. Ex says:

    3rd Booster – a little beat the day after – a few chills.

    All good now.

  62. The Great Pumpkin says:

    Hold, think about it, they are kicking the can. They only care about getting the businesses there now, take all their kickbacks in their pocket, and leave you the mess in the future. Seriously, who is going to pay for all this once population growth slows? That’s the only way this is sustainable right now, they have such high growth that it covers it up, but all this growth is going to cost a ton of money in the future to pay for its cost. Then they will leave your state and leave you with the bill just like they did in all the high cost blue states.

    You can’t trust people to do the right thing, that’s why you have to regulate the hell out of them. Haven’t people learned about what happened in these high cost blue states? Why would you let them do it all over again, knowing what happen in the past? No one cares about the future, only the now.

    Hold my beer says:
    November 23, 2021 at 11:35 am
    Pumps

    The governments are probably projecting tax revenue from property and sales taxes. Property taxes are higher than jersey’s and the sales tax rate is 8.25% and the county and town get to keep 2% while 6.25% goes to the state.

  63. Grim says:

    And my brother is positive now…

    Two doses Pfizer, no booster – was scheduled for Friday.

  64. SmallGovConservative says:

    Fast Eddie says:
    November 23, 2021 at 10:56 am
    “I wish I could explain more about what I do and how the Trump tax cuts helped me personally and who knows how many others. All I can say is that the tax cuts enabled my company…”

    Good stuff, Ed. Good governance matters — we had it, and now we don’t! Whereas your firm was able to invest in it’s people and it’s tech/research, companies today are trying to figure out how to survive Bidenflation and the other calamities wrought by this incompetent admin.

  65. Hold my beer says:

    Pumps

    Most likely poor diet and cancer will take out the decision makers in the next 25-30 years and then it will be someone else’s problem. It’s the american way.

  66. Fast Eddie says:

    SmallGov,

    Yeah, and x-com even said it. They came aboard, brought A-listers with them and our platforms skyrocketed in no time… all due to the revenue to invest. It was/is exponential. We’re so busy that we’re really understaffed. I’ve got my hands in stuff that I don’t have a clue sometimes where to start but the demand is driven by models/data needed by industries that clamor to provide info to their clients. If you take just our firm and what we do and project it, I can’t measure the amount of revenue and profit that is fueling other companies/industries. It remains to be seen how the tax increases by the democrats will affect all businesses. They’ll drain resources from the value-added bucket and waste it on tokens, images, metaphors or whatever illusion the democrats are currently consuming.

  67. BRT says:

    Just got coughed on again. I have the at home test. I’ll be doing it Wed night just to be sure.

  68. Bystander says:

    His own words..truth. Projection is strong with red hat dolt crowd.

    https://www.youtube.com/watch?v=fn3cTT6O1I4

  69. PumpkinFace says:

    Texas tax incentives bad, New Jersey tax incentives good

    The Great Pumpkin says:
    November 23, 2021 at 11:30 am
    Wow, 92.5%. I guess the plan for texas is to attract all these businesses and then cry about the mess later….kick that can baby. Everything is going to be alright as these businesses destroy the infrastructure and leave the bill for the citizens of Texas down the road. LMFAO.

  70. BRT says:

    FBI has settled out of court with the Parkland victim’s families. When this came out, a guy who tipped the FBI to Nicholas Cruz’s youtube posts came forward. The FBI said, they couldn’t trace the name back to who posted it. It was posted under the name “Nick Cruz”, from his personal google account. I guess their excuse didn’t quite hold up. Incompetent.

  71. The Great Pumpkin says:

    Lmao…yup!

    Hold my beer says:
    November 23, 2021 at 12:00 pm
    Pumps

    Most likely poor diet and cancer will take out the decision makers in the next 25-30 years and then it will be someone else’s problem. It’s the american way.

  72. The Great Pumpkin says:

    Damn, i have to get my booster.

    Grim says:
    November 23, 2021 at 11:46 am
    And my brother is positive now…

    Two doses Pfizer, no booster – was scheduled for Friday

  73. Nomad says:

    United Farm Workers Twitter – short videos showing workers harvesting our food in the fields. Imagine if these folks made $20/ hr which given how hard they work seems far too low.

    https://twitter.com/UFWupdates/status/1462901559822454787

  74. Juice Box says:

    Back to Yerba Santa supplements to ward off Covid!!

  75. Ex says:

    11:46 damn.

  76. The Great Pumpkin says:

    We have an income tax to help pay for it. How is Texas going to pay for all this? Please tell me, wise ass. Samsung is only paying them 7.5% of the cost, while the taxpayers covers the other 92.5%. NJ gives this much?

    If you don’t have anything productive to say, stfu.

    PumpkinFace says:
    November 23, 2021 at 12:22 pm
    Texas tax incentives bad, New Jersey tax incentives good

    The Great Pumpkin says:
    November 23, 2021 at 11:30 am
    Wow, 92.5%. I guess the plan for texas is to attract all these businesses and then cry about the mess later….kick that can baby. Everything is going to be alright as these businesses destroy the infrastructure and leave the bill for the citizens of Texas down the road. LMFAO.

  77. The Great Pumpkin says:

    Pumpkin face,

    So please tell me how Texas is going to pay for this? They give it all to every business that comes there. Plus, they don’t watch over their businesses (aka regulate), they pass anything that any business wants. Again, who is going to pay for all the damage some of these businesses cause?

    The only reason they are okay right now is because they are collecting a bunch of taxes off of growth. They are not saving any of it, and instead giving it all away to businesses (bunch of sweet deals to pay almost no tax) and rich individuals (no capital gains or income tax). So when the cost for maintaining all these new schools, roads, power grid, water, etc come due, how the f/k are they going to pay for it?

    Like hold says, that’s a problem for another generation down the line. This current generation is lining their pockets at their expense. Go long Texas!

  78. Chi says:

    Please don’t. You have to give it the chance to take you out.

    The Great Pumpkin says:
    November 23, 2021 at 12:38 pm
    Damn, i have to get my booster.

    Grim says:
    November 23, 2021 at 11:46 am
    And my brother is positive now…

    Two doses Pfizer, no booster – was scheduled for Friday

  79. Libturd says:

    It is clear that Thanksgiving is going to spread Covid like a MFer

  80. Libturd says:

    “Back to Yerba Santa”

    I’m going to the real Santa. Claus.

  81. Fast Eddie says:

    Did someone say Santa Claus?

    https://www.youtube.com/watch?v=BfSFi0ucZ6M

  82. BRT says:

    so I put a little but into SARK as an inverse Cathie play yesterday. All we need is a Tesla pullback and ARK is done.

  83. JCer says:

    Well my preschooler was home with a fever that started on sunday night, we got her tested yesterday so no results yet but the call came today, her teacher is covid positive every one needs to pick up their kids immediately and quarantine. We will see what the result is, if it’s COVID, then COVID is a joke in really young children, no symptoms other than a low grade fever, some chills and an occasional “I don’t feel good” which only lasted about a day, I can’t imagine it’s covid. We’ve been getting emails that there are covid cases in my older ones school but none so far in her class. This is going to be a long winter.

  84. No One says:

    Pumpkin the expert in state finances.

    When a company does business in NJ, Pumpkin takes it as validation of NJ’s superiority. When a company moves into other states, he predicts future disaster.
    Not all states spend as recklessly and wastefully as NJ does.

    Texas uses toll roads a good bit to keep up with their infrastructure. They have a 6.25% sales tax. They also have property taxes. They’ve been doing this for many decades.

  85. BRT says:

    Even if his world view was true, they could steal all our companies and raise taxes after the fact.

  86. The Great Pumpkin says:

    If you are playing it short term, go for it. If you are playing it long term, you should be buying. Build that base of cheap shares.

    Remember, what stocks in ARKK were responsible for ARKK’s outperformance of both Tesla and SP500 from July 2015 to Jan 2020? Answer: All of them!!! Haters will be disappointed soon.

    That’s why most people lose money in stocks. When they should be buying, they are selling; when they should be selling, they are buying.

    Don’t overthink this.

    BRT says:
    November 23, 2021 at 2:42 pm
    so I put a little but into SARK as an inverse Cathie play yesterday. All we need is a Tesla pullback and ARK is done.

  87. The Great Pumpkin says:

    Answer the question. How are they going to pay for this? That’s right, raise the sh!t out of their taxes. Their current model is not sustainable unless they continue to get insane population growth which they will not.

    So just please explain to my simple mind how their current model is sustainable.

    No One says:
    November 23, 2021 at 2:58 pm
    Pumpkin the expert in state finances.

    When a company does business in NJ, Pumpkin takes it as validation of NJ’s superiority. When a company moves into other states, he predicts future disaster.
    Not all states spend as recklessly and wastefully as NJ does.

    Texas uses toll roads a good bit to keep up with their infrastructure. They have a 6.25% sales tax. They also have property taxes. They’ve been doing this for many decades.

  88. The Great Pumpkin says:

    No one,

    You understand that all the growth is easily keeping them afloat. Building all those houses and businesses, but what happens when that is over? When they no longer have enormous growth to sustain this low tax environment? It’s like a ponzi scheme, they are only surviving off the fact that their population keeps growing and driving their revenue growth. It’s not sustainable long term.

  89. The Great Pumpkin says:

    And if I’m wrong…show me how. I see it for what it really is. Income tax is inevitable. Their property taxes will go through the roof. The sad part, all these people moved there for the low cost of living, not realizing they will all drive it up in the future.

  90. The Great Pumpkin says:

    If it was sustainable to give businesses 93% tax breaks, don’t you think everyone would do it? It’s not.

  91. BRT says:

    That’s why most people lose money in stocks. When they should be buying, they are selling; when they should be selling, they are buying.

    Keep buying son.

  92. BRT says:

    If it was sustainable to give businesses 93% tax breaks, don’t you think everyone would do it? It’s not.

    Seems to be working ok for Jersey City, why is that?

  93. The Great Pumpkin says:

    BRT,

    If you want to make money long term….build that position.

  94. The Great Pumpkin says:

    This guy understands. He is responding to bernie sanders.

    “This 4.5 mil mansion in AZ has 4K in prop tax because they rely heavily on sales tax which is known to burden the poor. A 500k home in NY has 14k in prop tax because the state taxes progressively. You want the rich to pay their fair share? How does the cap achieve that?”

    https://twitter.com/saltcap1/status/1463159801274413064?s=21

  95. The Great Pumpkin says:

    I’ve been telling a lot of $ARKK shareholders, this feels like 2016/17. The S&P 500 outperformed with a lot of record highs in 2017 then ARKK was off to the races. Look at the spike down. Look familiar ?

    In 2016 it very briefly touched a 40% drawdown and then it went on a 335% run. I’m not calling for that but ARK tends to double a lot after drawdowns. I wouldn’t short it from here. If you did, you got a nice win. Book it and move on.

    https://twitter.com/dilksjay/status/1463260772331667463?s=21

  96. JIM says:

    Not really surprising Phil Murphy will pay no millionaires tax… even though he had an advertisement stating he would. The NJEA should be proud!
    TRENTON, N.J. (CBSNewYork) — It looks like New Jersey Gov. Phil Murphy’s income took a significant hit during the pandemic.
    According to his tax returns, his earnings dropped to about $93,000 in 2020.
    That’s 63% less than the year before when his gross income was about $2.7 million.
    His office did not say why his income had dipped so much. As governor, his salary is $175,000, and much of his income comes from investments. The loss of income means he won’t have to pay the so-called millionaires tax he signed into law last year.

    Corruption in NJ starts from the top, I did not vote for him , Be proud teachers!

  97. Jim says:

    Pumps 3:21
    That’s why most people lose money in stocks. When they should be buying, they are selling; when they should be selling, they are buying.

    Pumps stick to teaching, you are playing completely out of your league.
    It may be smart for you to stop pushing ark, I just made over $13,000 in 6 weeks from Micron, pick stocks on the way up not down. You are completely embarrassing yourself, Thank God you have a pension to fall back on , paid with my hard work and money. Phil and Pumpkin perfect together.

  98. Juice Box says:

    re: “This 4.5 mil mansion in AZ has 4K in prop tax because”

    Must be a retired Cop from NJ living there.

  99. grim says:

    Rt 1.22 —>1.23

  100. grim says:

    Dad decided to get monoclonals today (really, his doc pushed him), he drove himself to the ER.

  101. The Great Pumpkin says:

    Embarrass myself? Lmfao.

    You are like lefty, im not buying individual stocks. Now that’s much riskier than dollar cost avging into any of the ark funds. You don’t get it. I don’t care about the price, I just know that it’s going to outperform the s&p 500 over the long haul. It’s an added bonus that it peaked and crashed on my first buy. Every other buy has significantly brought down by avg price paid. Hope it gets smacked down next year too so I am able to buy a huge base at cheap prices.

    I have the time to wait this out, when im older, i will pull out. I will then put my money in safe places because I no longer am chasing big yields.

    So Jim, get a clue. This is a marathon, not a sprint.

    Jim says:
    November 23, 2021 at 5:55 pm
    Pumps 3:21
    That’s why most people lose money in stocks. When they should be buying, they are selling; when they should be selling, they are buying.

    Pumps stick to teaching, you are playing completely out of your league.
    It may be smart for you to stop pushing ark, I just made over $13,000 in 6 weeks from Micron, pick stocks on the way up not down. You are completely embarrassing yourself, Thank God you have a pension to fall back on , paid with my hard work and money. Phil and Pumpkin perfect together.

  102. The Great Pumpkin says:

    Hope it all works out. Prayers with your dad.

    grim says:
    November 23, 2021 at 6:28 pm
    Dad decided to get monoclonals today (really, his doc pushed him), he drove himself to the ER.

  103. The Great Pumpkin says:

    Jim, btw, you sound like one of these idiots crying about ark on any given social media platform. Short term traders crying about long term etf based strategy. So annoying. Did you think it only goes up?!

  104. Jim says:

    Jim,
    Good luck to your Dad, I had Covid in February and also received the Eli Lilly equivalent of Regeneron, and it was very successful , a three hour IV at Morristown Memorial.

    I was better within a couple of days , my wife was better in a little over a week.
    I wish your Dad all the luck in the world and will pray for your family.

    Keep the faith

  105. Juice Box says:

    Grim – ER? Might have been cheaper to fly him to Florida, you can get it done at the Jacksonville Library, and several elementary schools, and even a greek orthodox church!

    And they call Florida backward!!!

    https://floridahealthcovid19.gov/monoclonal-antibody-therapy/mab-locator/

    Hope your dad is feeling well soon, sorry to hear about your brother catching the Rona too…

    Hope you like Turkey leftovers, if not get a dog or three..

  106. Jim says:

    Pumpkin,
    Jim, btw, you sound like one of these idiots crying about ark on any given social media platform. Short term traders crying about long term etf based strategy. So annoying. Did you think it only goes up?!

    Sorry Pumpkin, I have played stock market and real estate for over 50 YEARS, you have a lot to learn…. keep buying ARK, it should be a great lesson for you. Remember Sunbeam? I do and that is why I know when to stop chasing a loser, but then again I never depended on the public to pay my way in life.

  107. The Great Pumpkin says:

    Jim,

    Please tell me when you have invested in an actively managed ETF fund based on disruptive innovation in your 50 years of investing?

    If her investment strategy is so bad, why are Goldman Sachs and the like copying her investment strategy and opening up their own ETF’s based on the same strategy. Are they idiots too? Are they making fools of themselves?

    Her strategy works. That’s why she garners so much hate.

  108. The Great Pumpkin says:
  109. Juice Box says:

    Sunbeam? Lol….

    Pumps is a capitalist at heart. At the end of the day he has skin in the game, and the man can take a licking. It’s been years of beatings……..

    His presence here well it’s simple. Sometimes he has his head up his ass so he can hear himself think…Not to say some of us here don’t do the same…

    Sunbeam lol. I thought I was old….

  110. The Great Pumpkin says:

    Main, these false inflation fears are making ark an insane deal right now. Arkg is like taking candy from a baby at these prices.

    “So, when numbers began rising this summer, it was easy enough to dust off old fears and proclaim that the long-feared demon had resurfaced. Never mind that inflation is rising at annual pace off from the deeply depressed COVID-19 economy of 2020. We calculate most economic numbers based on year-over-year change, so if a year ago was unusually muted, it doesn’t take much to make the numbers a year later look big. Think of it this way: if a year ago New York City rents plunged from $2000 to $1500 for a one-bedroom apartment and in the past few months went back up to $2000, the statistics would register an annual increase of $500 or 25%, when in fact it was flat compared to its pre-COVID-19 level. Current inflation statistics (along with other numbers such as GDO growth) measure the change from a year ago, and a year ago we were still mired in partial lockdowns and COVID fear.”

  111. The Great Pumpkin says:

    This Time article explains what I have been saying on this blog. Deflation..

    “Not all inflation erodes lifestyle; wages rising, social security increases, modest rises in interest rate can add to middle-class savings and disposable incomes. For years, largely because of the proliferation of new technologies, prices have been dropping everywhere. Deflation, not inflation, has been the dominant trend, and in terms of costs of services and many goods, that tech-fueled trend has not been altered. The rise in the cost of sofas and refrigerators and gas is a product of demand, not intrinsic changes in how much it costs to make those goods. Once supply adjusts to increased demand, and once the surge of post-COVID-19 pent up demand levels off, we will be largely in the same world we have been in: a world where technology pushes costs lower.”

  112. The Great Pumpkin says:

    Salt cap is for the rich they said, i guess 50% of the families in nj are 1%ers. Let them know, mikie!

    “More than 50% of families in #NJ11 took the SALT deduction before it was capped. Last week, we passed SALT relief through the House that will effectively eliminate the cap for virtually every family in #NJ11. Now, we’ve got to keep fighting to make sure it passes the Senate.”

    https://twitter.com/repsherrill/status/1463190987547754510?s=21

  113. Jim says:

    Juice,
    Sunbeam lol. I thought I was old….

    I am sure I pretty much have everyone beat on this board with age, and that is not really a good thing. Ironically I think that I am the last Baby Boomer still working…. but my wife has not left me YET. I think she likes it when I am not in her hair all day.

    I really thought Sunbeam would never go bankrupt….even my broker couldn’t convince me. I ended up with wallpaper, OUCH

  114. The Great Pumpkin says:

    Stocks like zoom trading 15 times earnings right now.

  115. The Great Pumpkin says:

    Screw WFH, guess hybrid is dead based off of zoom stock.

  116. The Great Pumpkin says:

    Jim,

    Rightfully so, do not go near the ark funds. Lol.

    Laughing, but I’m being serious at the same time.

  117. The Great Pumpkin says:

    Look at that graph. Can’t tell me you aren’t getting good prices on ark right now. Might not be bottom, but damn close.

    https://twitter.com/charliebilello/status/1463192381092728841?s=21

  118. BRT says:

    Why don’t you list ARK’s top 5 stocks of 2021.

  119. 3b says:

    Screw WFH? This is rich from the clown that talks about how hard he has it as a teacher while he spends his days posting on this blog. He posts more than anyone else yet screams against WFH. All because of his fears and personal insecurities; terrified it will affect his household income. Meanwhile, for those of us in corporate America, well it’s year end , so we are working hard getting the job done and keeping productivity high!

  120. 3b says:

    Juice: No he is just a self absorbed insecure narcissist.

  121. The Great Pumpkin says:

    If Tesla went down to 0, arkk would drop 10%. Fact or fiction? So why do people claim Tesla makes her funds? That she is just lucky?

    BRT says:
    November 23, 2021 at 8:23 pm
    Why don’t you list ARK’s top 5 stocks of 2021.

  122. The Great Pumpkin says:

    So zoom is a screaming buy?

    3b says:
    November 23, 2021 at 8:36 pm
    Screw WFH? This is rich from the clown that talks about how hard he has it as a teacher while he spends his days posting on this blog. He posts more than anyone else yet screams against WFH. All because of his fears and personal insecurities; terrified it will affect his household income. Meanwhile, for those of us in corporate America, well it’s year end , so we are working hard getting the job done and keeping productivity high!

  123. The Great Pumpkin says:

    Proud.

    I came from nothing and made something of my life.

    This blog is evidence. I made some epic calls since 2012 on this blog. Screamed to buy housing while it was cheap, got yelled at. Said to ride faang, got yelled at again, my wife’s 401k made a killing. I made some bad calls like pancake in a batter, but my big picture calls absolutely knocked it out of the park. Suburbs dead, 3b? Another nice call by pumps.

    3b says:
    November 23, 2021 at 8:38 pm
    Juice: No he is just a self absorbed insecure narcissist.

  124. 3b says:

    Pumps: Critical thinking again sorely lacking. Did I say that? No.

    Zoom stock price is down , your response is screw WFH.

    Like I said personal fears and insecurities; they define you.

  125. The Great Pumpkin says:

    Hybrid is the game. WFH is not the reality. Offices are not going to suddenly vanish because lib and 3b enjoy no commute and the time with their family.

    Im old in terms of investing. If WFH hits, ark is going to the moon, and i will be retiring early off the gains.

  126. 3b says:

    Pumps: I said at the time that the suburbs were dying and they were at that time as so many younger people, including those with families wanted urban living. That has changed of course with Covid. As for your calls the Fed dropped rates to zero, any simpleton can make money in this market over the last few years.

    However, the way you scream here about your calls and how smart you are , and your house and your BMW, you are an insecure self- absorbed narcissist. I will leave it at that. Stay tuned till next year!

  127. The Great Pumpkin says:

    And as lefty states, my calls were common sense. Nothing special, common sense in hindsight.

    Problem is, the present clouds your vision/mind with noise. That’s your problem 3b. It’s not that im smarter than you, it’s that I’m able to ignore the noise and look at what matters…the big picture. Too many people wasting all their emergy on short term noise.

  128. The Great Pumpkin says:

    You guys absolutely beat the sh!t out of me for my positions. Did I ever switch positions unless warranted. If not warranted, I stayed my ground and took the beating.

  129. The Great Pumpkin says:

    Short term trend a year ago…40 year realtor included….nyc is dead.

    Fast and I were the only ones telling people there are deals to be had. I looked at the big picture, nyc is an unstoppable economic force. It’s the place to be in the Western Hemisphere. It’s always going to come back, it’s the heart of the economic engine.

  130. The Great Pumpkin says:

    Why in the world would you bet against the greatest economic hub in the history of mankind. No way, no how.

  131. The Great Pumpkin says:

    Lib, don’t take this personal.

    Why in the world would you not invest in the nyc mass transit system? Nj transit is a part of that. That’s the lifeblood of nyc, it’s the only truly car free city in america. No one comes close to packing the pumch per sq mile as nyc, and the mass transit system is part of the reason.

  132. The Great Pumpkin says:

    Last post for tonight.

    If you are young, and short term trading, you are a sucker. You have the invaluable advantage of time on your hands and taking on unwarranted risks. Play smart.

    Just like my pension. Had they been making the minimal pension payments all along, it would only be a 250 million payment right now. Compounding is a beautiful thing. F’ing assholes compounded the pension payment for over 30 years where one payment is now 7 billion. Holy f’k! How are people not in jail?!

  133. BRT says:

    If Tesla went down to 0, arkk would drop 10%. Fact or fiction? So why do people claim Tesla makes her funds? That she is just lucky?

    Newsflash, the whole greatest performing ETF story is over. That ship sailed. We told you the pop in all those companies was irrational now they reverted. You don’t see it on the ARKK chart because Tesla is masking it. Your view was in a narrow time window. She had a great run, made some money while her fund was small, then it got huge, and now she’s lost more money for clients than she ever made for them.

  134. The Great Pumpkin says:

    In reference to the sark.

    “That fund will become a meme in the history of rektness. Imagine shorting “innovation”, including #BTC  and #TSLA.“

  135. The Great Pumpkin says:

    It’s only just the beginning. We are in the 4th industrial Revolution of the world. This is the time to invest in hyper growth stocks.. Roaring 20’s 2.0.

    BRT says:
    November 23, 2021 at 9:39 pm
    If Tesla went down to 0, arkk would drop 10%. Fact or fiction? So why do people claim Tesla makes her funds? That she is just lucky?

    Newsflash, the whole greatest performing ETF story is over. That ship sailed. We told you the pop in all those companies was irrational now they reverted. You don’t see it on the ARKK chart because Tesla is masking it. Your view was in a narrow time window. She had a great run, made some money while her fund was small, then it got huge, and now she’s lost more money for clients than she ever made for them.

  136. BRT says:

    Imagine investing in funds and not knowing which ones hold Bitcoin…I mean grayscale.

  137. Fast Eddie says:

    LOS ANGELES (AP) — A group of thieves smashed windows at a department store at a luxury mall in Los Angeles, triggering a police pursuit just days after high-end stores throughout the San Francisco Bay Area were targeted.

    The left’s equity and equality plan is working.

  138. Fast Eddie says:

    COVID-19 has killed more people in 2021 than 2020.

    The virus was reported as the underlying cause of death (or a contributing cause of death) for an estimated 377,883 people in 2020, accounting for 11.3% of deaths, according to the CDC. As of Monday, more than 770,000 people have died from the coronavirus, according to Johns Hopkins University data. That means over 15,000 more people have died in 2021 than last year from COVID-19 – and there’s still more than a month left.

    Let’s go Brandon!!

  139. The Great Pumpkin says:

    Exactly what i said yesterday. Liking my f’ing lips.

    “We think the genomic revolution – which has been punished severely this year as fear of rates going up has taken them down bc many of them are pre-revenue/profit – is the biggest and most under-appreciated of our tech themes.” – Cathie on $ARKG

  140. The Great Pumpkin says:

    Schiff needs to just let it go.

    “So @CathieDWood is bullish on disruptive innovation stocks and #Bitcoin . But she justifies her position on the former based on her thesis that #inflation isn’t a threat, and that we’re on the verge of a historic deflation. But that view is at odds with her position on the latter!”

  141. BidenIsTheGOAT says:

    Murphy had to be laughing his a$$ off about the fact that he was re-elected.

    Hiring someone accused of raping a member of his staff. Killing thousands with his reckless covid policies. Crippling small business and doubling the unemployment rate. Borrowing four billion illegally and buying the union vote with it.

    Now he’s down in Floridas spending his holiday among the free. He takes every opportunity to split town for vacation. At least Christie and citiarelli had Jersey roots.

    If there had ever been a but who transparently built a political reputation at the expense of a constituency, he is it. He’s subject to none of the laws he’s put in place. But he did prove again that the public worker union on the state and all you need to be elected g government is buy them off.

  142. MichaelGoolf says:

    I shall afford will disagree with you
    [url=https://thetranny.com/]thetranny[/url]

  143. 3b says:

    Pumps: Like I said a lot of personal fears and insecurities and delusions. Since it’s Thanksgiving I will leave it at that.

  144. Phoenix says:

    I wonder how much Zillow is willing to pay for this piece of real estate:

    NASA’s Curiosity rover has marked the 10th anniversary of its launch to Mars by sending back a spectacular ‘picture postcard’ from the Red Planet.

  145. Phoenix says:

    Eddie,
    Why does looting bother you so much? It’s not like its your stuff.

  146. BRT says:

    It’s kinda funny that all these politicians that badmouth Florida end up vacationing there

  147. BRT says:

    Grim, your father should improve probably by today if he hasn’t already. Had a relative that was very sick and at the hospital. The day after the monoclonal injection, he was almost normal. Best of luck to your family. Happy Thanksgiving.

  148. Libturd says:

    When Cathy Wood speaks…Idiots listen.

  149. The Great Pumpkin says:

    How dare he make that pension payment.

    “But he did prove again that the public worker union on the state and all you need to be elected g government is buy them off.”

  150. Phoenix says:

    Grim,
    Hope your father gets well soon.

  151. The Great Pumpkin says:

    Explain how she is wrong about inflation. Read that Time article I posted yesterday. The market is irrational, and that’s how money is made correct? I’m betting, like cathie, that the market is wrong about long term inflation, and that this has created a beautiful buying opportunity in stocks that were beat down out of fear and hysteria.

    “Not all inflation erodes lifestyle; wages rising, social security increases, modest rises in interest rate can add to middle-class savings and disposable incomes. For years, largely because of the proliferation of new technologies, prices have been dropping everywhere. Deflation, not inflation, has been the dominant trend, and in terms of costs of services and many goods, that tech-fueled trend has not been altered. The rise in the cost of sofas and refrigerators and gas is a product of demand, not intrinsic changes in how much it costs to make those goods. Once supply adjusts to increased demand, and once the surge of post-COVID-19 pent up demand levels off, we will be largely in the same world we have been in: a world where technology pushes costs lower.”

    “So, when numbers began rising this summer, it was easy enough to dust off old fears and proclaim that the long-feared demon had resurfaced. Never mind that inflation is rising at annual pace off from the deeply depressed COVID-19 economy of 2020. We calculate most economic numbers based on year-over-year change, so if a year ago was unusually muted, it doesn’t take much to make the numbers a year later look big. Think of it this way: if a year ago New York City rents plunged from $2000 to $1500 for a one-bedroom apartment and in the past few months went back up to $2000, the statistics would register an annual increase of $500 or 25%, when in fact it was flat compared to its pre-COVID-19 level. Current inflation statistics (along with other numbers such as GDO growth) measure the change from a year ago, and a year ago we were still mired in partial lockdowns and COVID fear.”

    Libturd says:
    November 24, 2021 at 9:03 am
    When Cathy Wood speaks…Idiots listen.

  152. 3b says:

    Grim: I hope your Dad has a speedy recovery. Happy Thanksgiving to you and your family.

  153. Phoenix says:

    All you alkies don’t drink too much on Thanksgiving. I have to work. But if you do, enjoy it at home with your wine aunt.

  154. Grim says:

    Thanks all, he is feeling better this morning, woke up with no fever and he sounds very upbeat. Tried to get him to do it 2 days earlier.

  155. Phoenix says:

    Great news.

  156. The Great Pumpkin says:

    As the old school Polish guys would say…..Super!

    Grim says:
    November 24, 2021 at 9:19 am
    Thanks all, he is feeling better this morning, woke up with no fever and he sounds very upbeat. Tried to get him to do it 2 days earlier.

  157. Grim says:

    Jobless claims in at 199k?

    That’s nutty.

  158. Grim says:

    Lowest since 1969.

  159. Libturd says:

    Praise Biden.

  160. Hold my beer says:

    Grim

    That’s good news about your dad.

  161. The Great Pumpkin says:

    Wow! Roaring 20’s 2.0?!

    That’s huge for the govt’s costs.

  162. Phoenix says:

    So, how do we explain this?

    Jobless claims in at 199k?

    That’s nutty.

    Lowest since 1969.

  163. Fast Eddie says:

    O’Biden started reading the instructions off the teleprompter.

    LMFAO!!!

  164. The Great Pumpkin says:

    Consumer spending up 1.3% in October. Economy looking strong.

    Thank you, Powell.

  165. 3b says:

    Grim: Great news!! Makes for an even better Thanksgiving!!

  166. Old realtor says:

    Ignorant and divisive!

    Fast Eddie says:
    November 24, 2021 at 6:48 am
    LOS ANGELES (AP) — A group of thieves smashed windows at a department store at a luxury mall in Los Angeles, triggering a police pursuit just days after high-end stores throughout the San Francisco Bay Area were targeted.

    The left’s equity and equality plan is working.

  167. Grim says:

    On the China comparisons.

    They flew a fast missile, cool.

    We just launched a rocket to intercept an asteroid to prove out technology that might one day save the fu&king planet.

    Any questions?

    Russia don’t rank, they shot a gun at a satellite and sent shrapnel flying, “hold my beer comrade”, welcome to 1970.

  168. BRT says:

    The Pentagon going to try to use the China missile hype to justify another 500 billion in frivolous spending. It’s that simple.

  169. BRT says:

    Phoenix, my guess is, everyone is working under the table. The bonus unemployment gave too much incentive for people to actually figure out how to work the system. Prior to returning to work as a truck driver, my brother was working 3 cash jobs while on the unemployment giveaway.

  170. Hold my beer says:

    Everyone has quit looking for work and is day trading Ark

    “Phoenix says:
    November 24, 2021 at 9:59 am
    So, how do we explain this?

    Jobless claims in at 199k?”

  171. Phoenix says:

    You only care about living if your life is worth living. All that this proves is that wealthy people are going to spend your tax dollars “protecting” the earth from a “potential” asteroid strike when you need that money for food and healthcare.

    But that’s okay, cause they have what they need and want, so who cares.

    The money and technology would be better off if used to help people in need now, where there actually is an existing problem.

    The Chinese are better focused on reality compared to our “Buck Rogers” Billionare Regressive boys.

    “We just launched a rocket to intercept an asteroid to prove out technology that might one day save the fu&king planet.”

  172. Libturd says:

    “Everyone has quit looking for work and is day trading Ark”

    Like it.

    On the unemployment claims, everyone I know who works off the books does it so they can claim unemployment and our government pretty much extends benefits endlessly.

  173. Phoenix says:

    That Chinese missile isn’t hype. American’s are purely manipulated by fear.

    They are perpetually afraid of everything, except what they should be afraid of.

    OMG, you are indoctrinating kids, OMG there is a man outside, shoot him, OMG there is a virus, buy all of the toilet paper on the planet. OMG Kim Kardashian is dating Pete Davidson.

    And the biggie- 2 buildings destroyed in Manhattan and that means give up your liberty and freedom forever- live in fear like freaks- pee in a cup at the airport, it might contain some liquid danger fluid you should be scared of.

    G Bush, Weapons of mass destruction- none to be found. Bomb a bunch of people back into the stone age not realizing they are already in the stone age. Volunteer to go kill those people, then come back here with no legs and be given a mat made of knitted grocery bags by rich suburban mommies who have nothing to do besides drink wine and pretend they care about homeless vets.

    Go spend more trillions to defend Chinese weapons. It’s what they want you to do. It’s all a trap to wear and grind you down based on your irrational fears.

    It’s your kid’s future you are ruining. But why should you care, you got yours.

    Link to bag knitting. Can’t Musk please donate some real mattresses to veterans that defended his country? Or Bezos?

    We could do better.

    https://alaforveterans.wordpress.com/2020/07/06/diy-make-plastic-sleeping-mats-for-homeless-veterans-2/

  174. BRT says:

    Doctors have shown that if you throw everything at it from day 1, Covid is easily treatable. There’s no reason not to. Basically, on Day 1, you go with Monoclonals, some broad spectrum antiviral, zinc, vit d, and some sort of antibioitic to prevent secondary infection. Most people are better by Day 2/Day 3. The longer you wait, the less effective treatments are and once you pass some threshold, they are even more ineffective.

  175. Phoenix says:

    BRT,

    How much does that all cost?

  176. Fast Eddie says:

    They flew a fast missile, cool.

    We just launched a rocket to intercept an asteroid to prove out technology that might one day save the fu&king planet.

    Any questions?

    He shoots! He scores! lol.

  177. Phoenix says:

    Everyone has quit looking for work and is day trading Ark

    Or doing it while Zooming with students during class.

  178. Phoenix says:

    This will happen:

    “The Pentagon going to try to use the China missile hype to justify another 500 billion in frivolous spending. It’s that simple.”

  179. Hold my beer says:

    50 hours to make one of those bag mats? What a waste of time. And how ironic to stick USA in the middle of a mat going to a homeless veteran who is most likely dealing with mental or physical issues from their service.

  180. Phoenix says:

    HMB,

    It shows how much we care about our veterans. It doesn’t get any clearer than that.

  181. Phoenix says:

    Another good one on Frontline

    https://youtu.be/kMIJzci4seM

  182. D-FENS says:

    On the subject of Covid outbreaks…both of my kids are in the Sussex county school system. Emails just about every single day about confirmed cases. Just brought my 10yo daugher for her first shot. Principal of my son’s school just tested positive….and she’s sick…fully vaccinated and boosted.

    The son of a family friend of ours had covid back in April 2020…the whole family had it. Has since been fully vaccinated. Now sick with covid again.

    Anecdotal I know…but I don’t think this thing ever goes away.

  183. JCer says:

    Well thanksgiving is canceled for us, my preschooler has covid. If you ask her how she feels, she says good, literally no cough, no runny nose, nothing. I can’t help but feel BRT is on the money with early treatment really being the solution as it seems for the very young it is mild. Vaccine seems to be holding for us, no symptoms yet but we will see.

  184. Crushednjmillenial says:

    Anyone have a thought about what prompts the next 20% down move in the SP500?

    -fedspeak
    -concern that the fed is out of bullets
    -Chinese real estate market defaults and systematic risk concerns
    -the emergence of a new COVID variant
    -valuation jitters
    -TSLA believers lose faith
    -turbulence emerging from the crypto markets

  185. JCer says:

    Phoenix, yes whether the Chinese have the capabilities or not is irrelevant, we will assume they do to justify massive spend. The policy wonks have been talking about Chinese missile defenses rendering our carrier groups irrelevant for a while, it’s science fiction but it doesn’t stop them from talking about it, an exact strike of a moving carrier with a missile is not so simple when the missile is traveling 5000 mph. Someone will get paid to develop a counter strategy to something that doesn’t even exist….

  186. JCer says:

    D-Fens, I mentioned this a while back as to why COVID would become endemic. There are a ton of animal reservoirs for this thing. The inability to keep this contained to the initial zoonotic cases pretty much ensured this would become endemic, it is very curious though how this thing came about, based on what we are seeing it should have run through the animals first given the RT.

  187. The Great Pumpkin says:

    “Ark on steroids”

    Cathie Wood testing an innovation strategy that would simultaneously bet against major stocks being disrupted.

    cnbc.com/2021/11/24/cat…

    https://twitter.com/nategeraci/status/1463537749726830601?s=21

  188. Phoenix says:

    Wonder if they tested the deer for syphilis and gonorrhea as well. Plenty of hunters taking a day off from their wives.

    “So these deer were either roadkill or free-living deer that hunters had killed [to eat],” says veterinary microbiologist Vivek Kapur at Penn State, who also co-led the study.

    What they found left Kapur and Kuchipudi dumbfounded. “It was actually quite stunning to us,” Kapur says. “We were very surprised to see such a high number of positive samples.”

  189. grim says:

    The policy wonks have been talking about Chinese missile defenses rendering our carrier groups irrelevant for a while, it’s science fiction but it doesn’t stop them from talking about it, an exact strike of a moving carrier with a missile is not so simple when the missile is traveling 5000 mph. Someone will get paid to develop a counter strategy to something that doesn’t even exist….

    First strike capabilities are really irrelevant, we’d blanket China with ICBMs. China is a sitting duck, with massive population in urban centers. At that point, who cares who shot first?

  190. BoomerRemover says:

    I’ve had to go to Staten Island recently more than usual. What a total police parasite surveillance state!

    While exiting the SI expressway, coasted onto the parallel street. Two officers motioned me to pull over as I was approaching the red light ahead. I had my foot off the accelerator and coasted burning off highway speed when I unbeknownst to me merged into a 30mph parallel street. 49mph in 30. $203+fees.

    I was in the car with my daughter, sesame street playing in the background, two cross fit rejects with crossed arms. Before I pulled away, one of them leaned against the lamp post and aimed for the next car. What a complete s-hole!

    I am told speeding cameras are pervasive throughout the island, to the point folks are afraid to drive to go shopping in fear of being ticketed inadvertently.

    Do points “earned” in NY transfer to NJ? This is my first speeding ticket in 12+ years so I am clueless.

  191. The Great Pumpkin says:

    What a way to ruin your holiday. What a-holes.

    Saw 9 cops from the same city pull over 9 different cars at the same time this morning on the highway. WTF was that?

  192. Phoenix says:

    America is just as much a sitting duck as China is when ICBMs start flying.

  193. Phoenix says:

    Pumps,
    Stop resisting.

  194. BRT says:

    BRT,

    How much does that all cost?

    Well, considering that we are actively preventing people from using generic antivirals, maybe $2k total. But this is what we’ve be paying over $10k a year in insurance premiums for.

  195. The Great Pumpkin says:

    Morgan Stanley boss to young bankers: You’re ‘nuts’ if you’re not in the office

    https://nypost.com/2021/11/22/morgan-stanley-boss-to-young-bankers-youre-nuts-if-youre-not-in-the-office

  196. Jim says:

    BoomerRemover says:
    November 24, 2021 at 1:21 pm

    Sad to say they do transfer to NJ, the states have an agreement. I received a speeding ticket in NY state, and my insurance increased my bill by over $1,000 on my car and work truck. I actually switched to Geico, but it still cost me hundreds. I took a class to reduce something like two points off of my license.

    They get you one way or another, don’t lose sleep on it.

  197. Jim says:

    Crushednjmillenial says:
    November 24, 2021 at 12:24 pm
    Anyone have a thought about what prompts the next 20% down move in the SP500?

    The raising of interest rates by the FED. Which is inevitable with inflation running rampant. It almost seems like the economy is being held together with a piece of string.

    Everything you listed could also crash the market .

  198. Libturd says:

    “Anyone have a thought about what prompts the next 20% down move in the SP500?”

    Obviously, just a guess, but I’m thinking the first leg down might come shortly after Powell announces that tapering the purchase of public assets could not be done because economy is still too sick. This will coincide with the public’s general realization that schools and concerts and sports are all going to be shutting down again. Then there is the other strong headwind from tax loss harvesting hitting at approximately the same time. Also, factor in the impact the supply chain issues will have on Xmas shopping (shortages) and I see it occuring sooner than later. I may make my move on Friday.

  199. Libturd says:

    My move will be to position myself 50% long/50% stable.

  200. Nomad says:

    BRT says:
    November 24, 2021 at 11:13 am

    A lower dose combo OTC that nips it in the bud within a day or two after surfacing / diagnosis?

  201. Nomad says:

    Good news about your father Grim.

    The Israeli system can lock onto multiple targets at the same time.

    Unlike previous systems, which Fustick says are “inherently limited,” the Scorpius uses active electronically scanned array (AESA) technology to scan the entire sky and can send narrowly targeted beams – “at any wavelength, any frequency, any direction against specific targets without interfering with anybody else” – that disrupt enemy electronic sensors, data communications, navigation and radar.

    “It’s the first system that can really detect anything in the sky and address multiple targets in different directions and different frequencies simultaneously,” he said.

    https://www.forbes.com/sites/pauliddon/2021/11/11/israel-unveils-revolutionary-new-scorpius-electronic-warfare-system/?sh=4d6bc9fd2fdd

  202. Phoenix says:

    All three defendants in the Ahmaud Arbery trial were found guilty of murdering the black jogger in February 2020.

  203. The Great Pumpkin says:

    Damn cartel.

    “OPEC Weighs Shift in Oil Policy After Crude Release
    Saudis, Russia consider pausing planned production increases after U.S., others release crude to push prices lower”

    https://apple.news/AXacJdgBOQC2mEe_ZwdwFdQ

  204. Chicago says:

    Pumps. No. Damned Biden administration.

    Waste everyone’s time and attention.

  205. Grim says:

    You know if we were more energy independent we wouldn’t be so subject to opecs price manipulation…

  206. The Great Pumpkin says:

    So why not subsidize our own energy instead of leaving it to the private sector who can’t handle a price drop?

  207. The Great Pumpkin says:

    We do it with farming, why not with energy?

  208. Libturd says:

    We gave all our money to Elon Musk to shoot rich folks into space.

  209. Ex says:

    Enjoy Thanksgiving!!

  210. BRT says:

    Nomad, when the NIH, CDC, medical boards, and hospital administrators starting going on a witch hunt with respect to doctors prescribing HCQ or Ivermectin, they switched to Quercetin, which is an antioxidant supplement, not a medication, no prescription needed. The entire point of using Quercitin was in combination with Zinc, Quercitin increases the cellular uptake of Zinc significantly and Zinc has been proven to inhibit RNA polymerase to inhibit replication in not only Sars-cov2, but other viruses as well. That’s why most of your OTC supplements for colds are zinc based. By switching to Quercitin, they avoided the issue entirely.

    Now that they are allowing antivirals that they’ve run clinical trials on, there’s no reason not to be feeding these to everyone who contracts the virus.

  211. Phoenix says:

    Happy Thanksgiving

    Following the terrorist attacks of September 11, 2001, America has dropped tens of thousands of bombs on seven countries, invaded two countries, and conducted Special Forces missions in many more. Death and destruction from above do not come cheap. According to a recent study, the U.S. has wasted $5.9 trillion on annihilating human life, ecology, and property.

  212. BRT says:

    Nomad, I my post got hung up in mod but long story short, doctors resorted to Quercitin (Zinc Ionophore), Zinc, and an antibiotic. That allowed them to treat it without attracting negative attention from boards, admin, or government agencies. Now that we have our FDA approved patented expensive antivirals, they have another option. The reality is, if someone is given monoclonals and some sort of antiviral along with your traditional supplements (zinc/vit d/ vit c) in the first 5 days, the probability of even being hospitalized approaches zero.

  213. Phoenix says:

    “The asteroid being targeted by NASA’s DART mission is not a threat to Earth, and NASA is seeking to change the asteroid’s orbit – not blow it to smithereens.”

    Imagine the irony if thanks to this rocket, the asteroid now becomes a threat to earth.

    If it ain’t broke don’t fix it.

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