From the Washington Post:
A record 4.5 million workers quit or changed jobs in November
The labor market’s record churn reached new heights in November, with 4.5 million workers quitting or changing their jobs, the highest number in the survey’s history, according the Labor Department’s monthly report on job openings.
It was the fourth time in 2021 that the number of workers quitting reached a record, with previous highs in April, August and September. Workers took advantage of a hot jobs market, with employers reporting some 10.6 million job openings in the survey — down from recent records but still well above pre-pandemic averages.
The data provides yet another illustration of how profoundly the pandemic has transformed the dynamics of the labor market. Nearly two years after some 20 million workers lost their jobs in the wave of shutdowns in spring 2020, the imbalance between available workers and job openings has given many workers more leverage than they’ve had in recent memory.
“This is the tightest labor market ever,” said Julia Pollak, economist at the jobs site ZipRecruiter. “These are not quits from the labor force but quits from lower-paying jobs to higher-paying jobs, from less prestigious jobs to better, more prestigious jobs, from less flexible jobs to more flexible jobs.”
Firmly believe this is one of the most significantly positive events in the recent history of labor in the US.
We’re into the 11th straight week of consistent initial vaccinations in NJ. This same 10k per day new vax rate has held fairly consistently over the last 3 months. As such, we’re now at 7.3 million with at least 1 vax (out of 9.2 million), just shy of 80%. Clearly vax hesitation continues to decline in NJ, and the stalwart holdouts are giving in. If you include the out of state and fed vax numbers, that might move to 7.5 million (81.5%).
We’re at 2.25 million boosted (24.5%), with approximately 30 – 40,000 boosters per day, which means it’s going to take 5 months to get everyone who is fully vaccinated, boosted.
Wish we had better data on the 5-11 vax rates, we’re at 338k total doses administered to date, up from 150k at the end of November. With a population of 750k in this age range, and being well into 2 dose timing, we’re only talking about 1/4-1/3 of this group being vaccinated. Again, we’re likely months from seeing strong coverage across this group.
Realistically, we’re looking at an unvaccinated population of about ~1.7 million in NJ, if you remove the 0-4 age range (ineligible), that moves to only 1.2 million people out of 9.2 million. This isn’t fully vaccinated and boosted, but 1 shot. However, still shows how small this unvaccinated group really is (13% of the population). And, at 10k new vax a day, this group is going to be whittled down quickly.
We’re at 1.5 million confirmed COVID cases in NJ (1.7 million reported cases), which we know overlaps both the vaccinated and unvaccinated population. If we believe this number undercounts actual cases (it certainly does), we are likely talking about 2-2.5 million actual cases in the state, again some portion having infected the 1.7 million unvaccinated (including 0-4 population). I’m still having a hard time swallowing the narrative about hospitalization rates being driven by those without vaccination. And I’m not talking about case rates, but hospitalizations. Real world vaccine effectiveness (against preventing severe disease and hospitalization) simply must be far lower than reported.
If Omicron continues to infect NJ at a rate of 20-25k a day, we are well over 2 million in 2 months, and if we assume the unvaccinated will be infected at a higher rate than the vaccinated, this means a good portion of the unprotected population will become protected, whether they like it or not.
We’re (NJ) done come spring, we are very simply running out of people.
First.
Well, kind of.
Firmly believe this is one of the most significantly positive events in the recent history of labor in the US.
Well, what do you think is going to happen when a system is run so lean for maximum profit and it gets thrown a hiccup?
You can tell how desperate corporations are becoming, yet only wish to pay bonuses and not raises. Quick to jack prices, but tight as a fly’s sphincter when paying out.
Re: unvaccinated group
The messaging is already slipping…Sleepy Joe messed up yesterday and is blaming the unvaccinated completely for this surge. We will find out soon that it’s the “under vaccinated”, a much larger group that should not be leaving home, especially the group 65+ who are filling up the hospitals again.
The idea that you are Fully Vaccinated is about to change drastically especially if the spike protein keeps mutating.
1 shot J&J only good for two months go get a Pfizer booster or stay home. Then keep getting Pfizer boosters.
1 shot Moderna over 5 months ago? You do not pass go back to square 1 or stay home.
1 shot Pfizer over 3 months ago? You need to get your second shot and a booster within 30 days shots or stay home.
Then everyone else who played by the rules? Sorry you need a booster every three months or you must stay home.
We need a vaccine that does more than target the ever mutating spike protein.
A vaccine that is 88% effective against preventing severe hospitalization for 6 months is not 88% effective.
Sounds a bit icy out there this morning. Don’t crash or fall.
You will be waiting at your favorite hospital a bit longer.
Rt 10 E in Hanover has a massive pile up. Real producers are going to have a hard time getting to work if they travel that way.
WFH today, folks.
From CNN:
‘We can’t vaccinate the planet every six months,’ says Oxford vaccine scientist
A leading expert who helped create the Oxford-AstraZeneca Covid-19 vaccine said Tuesday that giving everyone in the world booster shots multiple times a year is not feasible.
“We can’t vaccinate the planet every four to six months. It’s not sustainable or affordable,” Professor Andrew Pollard, the director of the Oxford Vaccine Group and head of the UK’s Committee on Vaccination and Immunization, told The Daily Telegraph in an interview published Tuesday.
Pollard also stressed the “need to target the vulnerable” going forward, rather than administering doses to everyone age 12 and older. More data is needed to ascertain “whether, when and how often those who are vulnerable will need additional doses,” he said.
Pollard also said he thought further evidence was needed before offering a fourth Covid-19 shot to people in the UK, which is currently rolling out third shots to healthy people 18 and older, and at-risk people 16 and older.
…
“It’s just not — from a global perspective — affordable, sustainable or deliverable to give fourth doses to everyone on the planet every six months,” Pollard said. “And remember that, today, less than 10% of people in low-income countries have even had their first dose, so the whole idea of regular fourth doses globally is just not sensible.”
I’ll tell you though, China is in for a world of hurt. Zero covid strategy is the wrong, wrong, wrong idea.
Jolts report shows allot of job churn YoY.
Over the 12 months ending in November 2021, hires totaled 74.5 million and separations totaled 68.7 million, yielding a net employment gain of 5.9 million. They do not break down people who have changed jobs more than once a year but it’s baked into those numbers, but may account for the sectors that saw the most quits like retail, transportation and healthcare.
The Radical Capitalists embraced China.
They profited from the cheap labor.
Boomer saw the fruits of the labor.
Now you are seeing the side effects. Covid is one.
Is there a data point in that series the indicates churn? I didn’t think there was. Usually, it’s the headline number that’s pointed to as “churn”, even though that’s arguable. Is that percentage any greater than usual? I can assume a bit, but I doubt that’s the driver.
Anecdotal, but my I’ve got something like 2000 connections in Linkedin, and that’s not a BS number of unknown connections, it’s folks I know or worked with. The level of exec-level job transitions, across industries, is unlike anything I’ve EVER seen across my own personal network. C-Level and senior exec job changes are off the charts in my world.
Of course hospitality and retail are going to take the spotlight, just due to the sheer size of those groups, but what I’m talking about is buried in the lower percentages, industries that were traditionally very stable now seeing (for them), a huge amount of disruption. The real story here is flying just under the headline. Focus more on Professional and Business Services (the one we don’t expect) and less on Leisure and Hospitality (the one we expect).
A destabilized China is not a good thing for America, not by a long shot.
Especially when combined with a destabilized, desensitized America.
Life never meant anything in China. It’s becoming the same way in America.
Winter Olympics is a month away…and China is hell bent on making it happen. With everyone be walking around in those white PPE full body and head covering plastic suits? They seem to be in every picture these days from China, and well could use a little styling. Perhaps there is time for a stylish makeover.
They could go with a parachute pants/zippers/breakdance motif. That works well with Tyvek. Among Us is another option, but that might be a bit too obvious.
Covid Hospitalizations in NJ still trending up as expected with the Holiday Surge.
1/4 5,464 (discharges 693 so approx 1,002 admissions)
1/3 5,155 (discharges 425 so approx 863 admissions)
1/2 4,717
1/1 4,274
12/31 4,042
12/30 3,864
Current ICU at 727, vs 753 late last December.
Late last December, we had about 50k of NJ’s population vaccinated, we’re now at more than 6 million fully vaxed.
I don’t understand, what explains the gap? In all likelihood, this number is going to go far higher in the next few weeks. To me, it seems we’re now in a worse position from a severe illness / hospitalization standpoint.
Far too early to look at the number of deaths in NJ, this data is notoriously slow and spotty. It’s going to be weeks before we have a final number on even today’s deaths. This is clearly ticking upwards though, yesterday’s report of +78 didn’t seem to elicit any real concern. 7 day average has doubled over the last month, and is up 8x over the summer numbers.
Virus wants to pump it’s numbers up…Omicron is way more widespread, more infections means more hospitalizations.
Another thing the ICU beds, my understanding is they are trying harder not to intubate by using a Nasal Cannula as long as possible etc. Once sedated and intubated it takes allot of people to keep flipping your warm carcass over in the ICU twice a day.
I drove past a Walgreens in Fort Worth over the weekend. They had a big sign advertising $1,250 signing bonus for pharmacy techs.
My Linkedin is positively overflowing with job transition posts this morning. I can’t scroll more than 2-3 before hitting another one.
Whoever suggested that senior level transitions were waiting for end-of-year bonuses to be paid out might have really nailed it.
“C-Level and senior exec job changes are off the charts in my world.”
I agree Grim but I am seeing lots of exec transition (and almost all IT talent) to payments and fintech. Traditional IBs are not the next career stop..still #2 but I have never witnessed that in my career, outside mortgage startups taking execs in 2002/2003.
I will still say that it is not balanced. Front office execs and IT but very little churn on middle office and back office roles.
Agree with that. I seem to have lots of friends over at Square, Stripe, Chime, N26, Affirm these days.
In India, I had f-in 4 people out of 4 who accepted role in October, did their 3 month notice and then notified us over Xmas break that not joining 1st week of Jan. due to better offer. We have received zero profiles in over 3 weeks for US open IT roles because pay/level. When I say our team is crippled, it is not understatement. This is devastation to 2022 plans and I see no care on exec level. It is beyond bizarro world.
Wall Street bonus payment schedule is first quarter depending on firm. I would be shocked if people left Wall in droves without their bonus as last year was a great year and everyone should be seeing increases.
I heard there is no such thing as institutional racism..it is made up fantasy by liberals. Do these stories even spark concern anymore? Apparently not if you are blinded by Faux news and obsessed with looters/rioters as #1 concern in America.
A Philadelphia man was freed from prison Tuesday after 37 years in a case marred by detectives who allegedly offered a witness sex and drugs at police headquarters in 1983 in exchange for false testimony.
The trial witness was charged with perjury just days after Willie Stokes was convicted of murder in 1984. But Stokes didn’t learn about that perjury plea until 2015, decades into a life sentence.
And just like that…
“NEW YORK, Jan 3 (Reuters Breakingviews) – Chief executives are over it. C-suite turnover spiked in the first half of 2021, according to data from recruiter Heidrick & Struggles. With average corporate leaders far older than they were 15 years ago and the job of managing during a pandemic a lot less fun the trend will continue in 2022. The Great CEO Resignation will become an invitation for corporate cage rattlers.”
https://www.reuters.com/markets/asia/great-ceo-resignation-invites-great-agitation-2022-01-03/
That’s why don’t DCA into individual stocks. Stick to ETF’s or index funds.
I have no doubt in my mind that ark type stocks will fly again, they are the future, but no idea on when this will happen. Could be waiting a long time. Long-term, I do believe it’s a good move to DCA into her ETF’s.
No One says:
January 4, 2022 at 11:27 pm
Talking about the benefits about dollar cost averaging into something that went up is hindsight and survivorship bias. How did dollar cost averaging BlackBerry (RIM) or Lucent or Nokia work out? All highly regarded tech at one time.
Dunning-Kreuger Pumpkin.
Did anyone tell leftwing our (proposed) New Year’s resolution to stop taking about AR** and C*ath* W*od*?
We could use a little fortune telling from him.
This is my opinion of the market.
The market is a collection of opinions. That’s all it is at the end of the day. That’s why the market is volatile and unpredictable when played in the short term, but the complete opposite when playing it long term. In the long-term, short term opinions do not matter. If it’s a good idea or company, they will be rewarded in the long run. In the short term, it doesn’t matter if the company is a star or not, only the opinion of traders and computer algorithms matter.
Technical trading only works if you have enough traders and algorithms reading the charts and the market the same way creating momentum up or down. That’s why it’s not a science.
Look at current market. Opinion of the majority in the market is scared and feels companies like apple are the only safe spots. So what happens? The price of those stocks fly up as everyone piles into what they feel is safe, creating an unsafe position that becomes riskier every single day they drive it up. No one wants to touch high growth stocks, so they all sell, and now create value long term in those positions due to short opinion of fear.
That’s all the market is…a collection of opinions. They create value and create danger. Knowing this and acting on it is how you make money long-term.
On today’s topic, this was all predictable based on demographics. As soon as baby boomers started retiring, would create chaos in the labor market. Lot’s of opportunities opening up.
Remember, they created a capitalist system based on being lean and efficient. As soon as high skilled workers started to abandon the market, the businesses are f’ed. The workers they left out of the market gave up getting skills or anything. Now you have a massive glut of high skilled workers. They ran their labor force too tight. Thinking someone will always be there to pick up the slack…
Lost 2 data scientists over the past month, both accepting offers for 50% more money. DS is so incredibly hot right now it’s crazy.
Backfilling will be impossible, no way can we find folks at those previous salary levels.
Data savvy devs would be crazy to not study up and retool.
Backfilling at current salary will be impossible.. Back during dot com 1.0 every secretary that knew MS Word tried to become an HTML developer, quite a few were successful.
Very few companies are really great at establishing an efficient and programmatic way to do analytics at scale. This is an opportunity to upgrade some of the older folks that know some older analytics skills.
Should I consider looking for another gig? Wadda y’all think?
Fast,
If not now, when? The ball is in your court.
Since it appears everyone is jumping for more money, maybe it makes sense. My pay is sufficient, I’ll admit but hey… if it means bigger dough, maybe I should consider it.
Just back from CVS..
Entire Cold and Flu shelf is empty….
Pic……
https://tinyurl.com/2p9xtf64
Eddie – you could go looking but you could also wait until your boss leaves and jump right into his/hers/zim/them shoes…
Juice,
It’s funny you mention that. My senior manager left recently to explore different avenues and there is a “gap” at the moment between me and my director. lol. It crossed my mind but do I really want to take that burden on at this stage of the my career game?
I think many are quitting in-situ, in the sense that they are realizing that grinding harder for an extra 15-30K just isn’t where life is at right now.
Covid and WFH is a multifaceted event with deep roots in our psyche.
It crossed my mind but do I really want to take that burden on at this stage of the my career game?
The alternative is the dickhead they’ll hire for that position.
Ed – strategy is not to get replaced if you are staying no? A new boss might push you out because you don’t wear the right flair or won’t play their game etc. Sometimes late stage you need to move up especially for the 50 + age group.
Nothing is however fool proof, as the fools will beat you with experience every time.
Juice,
Who knows if they’ll even backfill but if they do, the position will most likely be someone inhouse because the learning curve for what we do is looooong. If you’re coming in from the outside, it’s near impossible to deviate from the process in place nor learn the suite of applications. Even an entry level analyst is told that it takes about two years before feeling comfortable and until then, just enjoy the ride. I could bring it up today… actually slack my Director and say I want the job. Whether I get a thumbs up is another story. Go ahead, njrereport forum, egg me on! Lol!!
You won’t get it if you don’t ask. Have the conversation it costs you nothing but a bit of pride if they say no, at your age it should roll right off.
Grim is right BTW the next dickhead could be a real prick. If you get along with your Director already you don’t want that c*oc*ks*uc*ker boxing you out.
A destabilized China would be a huge shock to the US. Major shortages for years.
On the other hand, a strong, aggressive China wielding its military would be even worse.
Today’s China is the closest thing to Nazi Germany since Nazi Germany. National Soc1al1sm with a big chip on their shoulder against the rest of the world and massive mind control propaganda.
Destabilized doesn’t mean weak.
They will be convinced it was America that destabilized them using financial leverage.
They will want to hunt down and take over America at all costs. Unlike Americans, they have worked hard and feel they are owed it. Not sitting at home collecting passive income.
Very seldom do you get the opportunity to move up in an organization these days. It’s rare, and the broad consensus is on external hires being better and more valuable.
If you don’t seize those opportunities when they arise, you’ll regret not taking them.
America is a very weak country right now, all the way down to the core. It’s ripe for the taking.
More handouts, more welfare. More money for boomers, more debt for the youth. More theft coming:
Lawmakers are discussing more pandemic relief for businesses
The discussions could fizzle, but there is already a bipartisan push for more support for companies such as restaurants and gyms.
Hard to prime a pump with a cracked impeller.
Sounds like an enemy you want to take on right now, while under homeland pronoun alert. Hahaha.
Today’s China is the closest thing to Nazi Germany since Nazi Germany. National Soc1al1sm with a big chip on their shoulder against the rest of the world and massive mind control propaganda.
I was open-minded and somewhat optimistic that Eric Adams would give us something that’s virtually non-existent among modern Dem leaders — good governance. Unfortunately for him, and NYC residents, workers and visitors, it looks like the new Dem DA is going to super charge the already skyrocketing rate of criminal activity that DeBlasio left behind. What a shame!
https://nypost.com/2022/01/04/manhattan-da-alvin-bragg-to-stop-seeking-prison-in-some-cases/
SGC,
You need to learn to accept criminal behavior. It’s fully acceptable in American life. People enjoy the Sopranos, Breaking Bad, etc.
Getting away with crime is the second most thing that makes Americans damp. After just plain hitting the lottery that is.
Why do you think it fascinates so many?
On the flip side, how about some real penalties for financial crimes? Less settlements for executives, more prison time. Sorry, I’m still bitter over the lack of convictions post-housing collapse, and general unwillingness of our AGs to take cases to trial.
31,391 today, another day another record.
Ding Ding Ding we have a winner.
38,414 new positive test in NJ.
31,391 new positive PCR tests
7,203 new positive antigen tests
Is that one of those exotic tropical fruits they sell at Whole Foods, or is it a new pasta product?
Juice Box says:
January 5, 2022 at 8:27 am
Nasal Cannula
There’s three types of American people.
There are you, the working class.
Us, the cool rich,
And then them..
ok, another family I know, boosters, all infected. Child vaccinated with 2nd shot 3 weeks ago. The protection against infection is literally approaching 0% in real time. Meanwhile, Fauci is in the process of updating “fully vaccinated” to your most recent booster. Clown world. Instead of updating the definition, the need to update the genetic sequence.
Square is now Block…… I think as in Blockchain and also as in to the first power > square > cubed
grim says:
January 5, 2022 at 9:19 am
Agree with that. I seem to have lots of friends over at Square, Stripe, Chime, N26, Affirm these days.
Chi Fi,
No, you can get that in ShopRite, along with pasta oral airways.
The oral airways are more fun for kids, they can shoot their Covid phlegm across the dinner table with better accuracy.
They’ll be back…… take names and fcuk the disloyal…..
Bystander says:
January 5, 2022 at 9:31 am
In India, I had f-in 4 people out of 4 who accepted role in October, did their 3 month notice and then notified us over Xmas break that not joining 1st week of Jan. due to better offer. We have received zero profiles in over 3 weeks for US open IT roles because pay/level. When I say our team is crippled, it is not understatement. This is devastation to 2022 plans and I see no care on exec level. It is beyond bizarro world.
Anyone need a script for Xanax?
Anyone need a script for Xa nn ax?
Too bad Brandon cancelled operation warp speed. Might have had a more effective vaccine now.
Did anyone tell leftwing our (proposed) New Year’s resolution to stop taking about AR** and C*ath* W*od*?
We could use a little fortune telling from him.
Screw that, it’s just getting fun. ARKK just crossed into the 80s. I will be talking about it shorting it all the way down to 50.
Don’t ascribe fear to something that is a simple financial calculation. When you have stupid stories and unlimited funds, then everything has the return of a call option. When the input parameters change, the resulting calculation is adjusted.
The Great Pumpkin says:
January 5, 2022 at 9:53 am
No one wants to touch high growth stocks, so they all sell, and now create value long term in those positions due to short opinion of fear.
To quote Michael Ray Richardson …….. when it comes to the Ark….
“The Ship Be Sinking”
https://medium.com/@adam.stocker3/the-ship-be-sinking-5851e0058147
The first vaccines have science behind them with long histories.
The next gen stuff they will try will be the actual guinea pig stuff. And you won’t be able to sue for the cancer you get, somewhere in the 5000 page document there will be some legal disclaimer that the open sore on your face is just a normal side effect and you will have signed your rights away for a court case with the caveat that you can request arbitration.
All I want for New Years is for stop talking about AR*****
If we pushed through 175 bps on The Ten, you watch out for those meme/story stocks…. they will be clubbed like baby seals.
Here’s a good one for the Robinhood generation. Imagine booking capital gains in 2021, but not understand the amount of tax due. Suddenly you realize between now and April 15th that you have a big bill. No worries. I will just sell some of my ARKK to cover it……… DOH!!!
Brandon will get a 0.9% saline shot on TV to make you feel more comfortable.
Is that with a Mork From Ork voice or Popeye?
Juice Box says:
January 5, 2022 at 1:43 pm
All I want for New Years is for stop talking about AR*****
Robinhood customers are all in Doge/Meme stocks/options. What’s the value of that customer base after they all get crushed?
Looks like Virginians are finding our what happens when you decide to turn a red state blue. I-95 closed for 36 hours due to 8-10 inches of snow — and Gov Blackface Northam never bothered to declare a state of emergency! Luckily for them (unlike us dopes in NJ) they’ll have a R gov in a week or so.
https://www.cnn.com/2022/01/04/weather/winter-weather-tuesday/index.html
Gary,
Speaking from experience, always move up when you can. Though it’s much more valuable to do it at the same company than it is to bounce around. The mercenaries end up with a resume that screams, if I onboard him, will he just leave for greener pastures at the first challenge. Most of my peers who bounced around ended up coming back with their tails between their legs. And though they were rehired, forget ever being promoted again.
I’ve had more opportunities to work for other companies than you could probably imagine over the years. I can’t tell you how many vendors wanted to bring me in. Though I have oodles of legacy knowledge, my most valuable skill is being able to solve problems when everyone else is in full tilt panic mode. I’ve built up so much good karma, with so many professionals, I can always find skilled bodies to provide solutions, often for free as a favor or at least, off the books. When you jump around, your skills are never acknowledged or will simply remain unknown.
Though, in a very unusual roundabout way, I recently experienced something absolutely nuts. My company, though gargantuan, prides itself on running lean. It’s sort of in our culture to cull the weak periodically. Well, about the time of the fiscal crisis, we let go of a whole bunch of workers to survive. Most of them ended up at a niche competitor of ours. I say niche, because they focused on one tiny area which we also serviced, which probably generates about 15% or so of our revenue. At the time, we were probably a 600 million revenue company and they were closer to 40 million. They ended up being bought out by the 14 billion dollar Japanese based company that eventually bought us too. So the former workers who were let go about 10 years prior were all coworkers again. The larger problem being, who would manage the departments since we both did the same thing. Well guess who got shown the door? Of course, the two rounds of severance in under ten years couldn’t have hurt too much.
So ultimately, it really comes down to quality of life and whether or not starting something new is worth your potential loss of free time. I know that whenever I’ve been promoted. I always spend the first couple of years at 55-60 hour weeks to just get through the initial hump.
Personally, with the recession coming, being last in is something to concern yourself with. It simply isn’t worth another 5 to 10K per year. See what Cobra costs?
These Texas researchers created a Covid vaccine using old technology and have given it away to low income countries. India has already ordered 300 million doses. Wonder if it’s effectiveness will last longer than what we get to use here.
https://www.npr.org/sections/goatsandsoda/2022/01/05/1070046189/a-texas-team-comes-up-with-a-covid-vaccine-that-could-be-a-global-game-changer
In other news, woke up at 7am to find out we lost power at 6am with an 11am expected return to service. I didn’t bother with the generator since this was going to be a shorty. I could handle any emergencies with my 5G hotspot and laptop battery power. So I drive D to Warren for school and witness accident after accident due to the frozen rain. My car looked like an igloo on wheels, so I knew what to expect. My snow tires are great on ice anyway. Well I get home, work a while and see that our outage is expected to last until 5pm and it’s getting cold in here. I break out that same little Champion from pre Sandy, a couple pulls (since I forgot the choke) and I had 2 refrigerators, one chest freezer, our Verizon switch and Linksys Router, our furnace and my laptop running. Best $325 I ever spent. Of course, less than an hour later the power comes back on and I’m winding up all of the cables and reattaching the heat to the home power. But man what a reliable generator I brought. This thing is definitely going with me to CR. Will put in a switch in the circuit box this time.
Though it’s much more valuable to do it at the same company than it is to bounce around.
If your company is a survivor. But if it’s something like Enron…
Thanks all for the input on pursuing a possible position push.
I need to think about it. :)
Just read this story. Interesting to say the least:
“In November, I offered my treasured 2000 Mercedes-Benz CLK 430 convertible to “Kars4Kids”, a charity that ostensibly raises money to help needy youngsters.
The car was fully operable with a well-maintained power train, power convertible top, new tires and mag wheels. It was, however, increasingly costly to maintain and had some electrical issues that randomly affected the A/C, seat and window controls. The paint and bodywork were in virtually mint condition and the car had never been driven in winter. I’ve seen restored versions of the same model sell for as much as $20,0000.
Someone with the time and energy to maintain the vehicle would have loved it.
A few weeks after the car was picked up, I received a message that the car had been ‘scrapped’ and I was given a tax receipt for $500.
Any organization stupid enough to “scrap” a functioning, high-end automobile, rather than sending it to auction, or selling it on the open market, doesn’t deserve anyone’s support.”
Phoenix,
Congrats. You just donated $500 to a yeshiva in Lakewood or up in Monsey. You are now an honorary member of the tribe.
Long-term game. You are like the bears over the past 10 years that claimed victory against bitcoin and tesla how many times? For some years, they seemed correct, but they have been utterly wrong in the long-term trends.
This is no different than what Cathie invests in. Hell, she was getting laughed at with her bitcoin and tesla calls for how long? They now claim she was just lucky on those two calls and instead now bash her for the performance over the past year. Long-term she will win, you can’t stop innovation. They are attacking her funds because they think rates are going to rise…yea, right. The minute they raise rates, the minute they start flushing the market with stimulus.
BRT says:
January 5, 2022 at 1:37 pm
Did anyone tell leftwing our (proposed) New Year’s resolution to stop taking about AR** and C*ath* W*od*?
We could use a little fortune telling from him.
Screw that, it’s just getting fun. ARKK just crossed into the 80s. I will be talking about it shorting it all the way down to 50.
You sir, determine long-term, muck like a mayfly.
I’ll hold off for now, not buying right now, but I’m not ignoring innovation for long. These are the companies of tomorrow whether we acknowledge it or not. This is where the growth in the economy will come from over this next decade. So let’s raise the rates, get the psychology of the market to go to work beating down the future innovation to levels that make it an insane value, and when they are left for dead, buy it the f’k up.
That’s how you make money in this decade.
Lib,
Wasn’t me.
If I donated my car to them I would have to pay them 500 to pick it up.
FYI,
Jews and Benz’ are a match made in hell. Benz made the ovens in Nazi Germany. I’m surprised they gave them the $500.
Dumpy cancels big Jan 6th presser because he realizes opening his a##-mouth during investigation may incriminate him further and current GOP members involved don’t want exposure, nor further election steal lies/ lunacy. First rational decision in years.
Arkg is at 56. My mouth is watering at these levels, but hey, we know the market is going to knock it down some more, so let’s wait for the prize.
Even arkk is at a stupid value right now. Hey, if they want to knock it down to 50, let’s f’ing go! That’s ridiculously cheap.
What we know for sure about the market, it overbuys and oversells over and over again. It never fails. You guys were smart enough to see the overbuys, but for some reason, you can’t see that it’s being oversold.
I am praying they oversell it to these ridiculous levels. Please let me get lucky and destroy the stocks that are the future growth of the economy.
In human driven markets, the bottom of price is almost always when the chorus of pessimism reaches its peak. “X will never go up again. Never recover.” That’s your buy signal..
People forget that risk is actually the lowest when prices are.
Read this thread. Wow, someone that gets it.
I’m going to make a contrary opinion and publicly defend @CathieDWood at @ARKInvest.
It seems like everyone is calling for her head right now; due to $ARKK’s underperformance in 2021.
But I believe that is short-sighted & misses the point of how disruptive innovation works.
https://twitter.com/7innovator/status/1478799462562770947?s=10
I donate my cars to this place. https://www.vehiclesforchange.org/about-vfc/what-we-do/
They check over the cars and then sell them on to low income families at a discount to retail and guarantee the car loan so they can also build up a credit score.
My local Wendys is advertising $300 hiring bonus. You want your job filled, you’ll have to pay.
We need to invite China here to build our tunnels.
https://www.cnn.com/travel/article/china-longest-underwater-highway-tunnel/index.html
It’s beginning to look a lot like a correction.
Soon you’ll realize.
That the markets about to fall and you owe on a margin call.
Which shouldn’t come as a surprise.
Phoenix,
I’d assume that they have professionals deciding what to do with donated cars. They probably just tell everyone that their car was “scrapped” for $500.
It’s fully possible that scrapping it for parts could generate a lot more than $500 of revenue. Maybe they also have sweetheart deals with friends and family, giving them the good cars for $500 and letting them make much more off the upside.
I hate those radio ads and I started hating them even more when I found out it was going to a religious based charity that was more about turning a “kids charity” into a money making machine that pushes orthodox religious education on kids.
https://www.charitywatch.org/charity-donating-articles/costly-and-continuous-kars4kids-ads-disguise-charity39s-real-purpose
Private job growth totals 807,000 in December, more than doubling expectations, ADP says
https://www.cnbc.com/2022/01/05/adp-december-2021.html
Nice market day.
Libturd,
Here’s a great GIF for this kind of market
https://media.giphy.com/media/xTiTnDL3WVP5SHs3K0/giphy.gif
My local Wendys is advertising $300 hiring bonus. You want your job filled, you’ll have to pay.
You want your job filled, increase the wage, stuff the bonus.
It’s run by the hasids from Lakewood, it would surprise me if there was not a scam being perpetrated somewhere in that organization. I’d guess they “scrap” the car to someone who is associated with the leadership of the charity. Mercedes parts have a lot of value, you could probably recover over $500 worth of used parts with a screw driver, so someone probably made good money off the donated car and the “charity” gets $500.
We need to invite China here to build our tunnels.
Could have had tunnels like this, instead we have Star Trek actors flying into space.
Where are the Vanderbilts?
Replaced with Bezos, Musk, and Buffet?
None of those twits could ever make something so impressive like Grand Central Station.
I once, in my boredom, using Google Maps, traced the beginning of the Delaware River.
It ended up at a Summer camp called the Zone Camp, in upstate NY.
Some of that car money goes there according to their website.
Looks like a nice place for kids to go.
The other branch ended up in a pond behind a tire shop. Interesting how some things start out small and end up huge.
https://www.thezone.org/about-us/
lol, F me, Sea drops another 20 pts in a day. I left another 1200% on the table.
Anybody watch the latest Sex in The City series made in 2021 and run on HBO?
My wife asked if we could watch, so we watched the first episode. It was a steaming pile of poo. Horseface lady looked more horsefaced than ever, except with more wrinkles. The show appeared to be created by HBO’s Diversity Equity and Inclusion committee. Besides the 3 core aging white ladies, pretty much everyone else is in the rainbow coalition. Of course there was a latinx nonbinary character. And a child who hates dresses wanted to switch genders. The only sex in the city happening was an old guy jerking it.
Lib, the dominoes are falling already, and not in unison. Check out Pellaton, Tdoc, Zoom. They already fell bigly. Other things are dropping like hammers right now SE, SQ, TWLO, CROX. Others, about to fall bigtime (NVIDIA, TSLA). Looking at all the stuff that’s crashed, the mean seems to be end of 2019 levels. IMO, that’s the downside risk for just about every stock. I’m still riding Apple, HD, but they will be unloaded soon. I keep shorting things one by one and picking up 10 to 20% on them already with much more downside if they go to 2019 levels. This is all happening underneath the index and nobody is paying attention because they just bring up a chart of the S&P.
I guess, this is where my laser lab training comes into play. The fitting algorithms I used to construct would allow me to resolve several data sets from a single curve. The Indexes look like they are doing one thing, while the components of them are doing another, and not in unison.
My 2022 forecasts are already spot on……
No One says:
January 5, 2022 at 4:06 pm
Libturd,
Here’s a great GIF for this kind of market
https://media.giphy.com/media/xTiTnDL3WVP5SHs3K0/giphy.gif
Arkg is at 56. My mouth is watering at these levels, but hey, we know the market is going to knock it down some more, so let’s wait for the prize.
I see you like to move the goal post. You said bet the house at 65 and celebrated on a dead cat bounce to 70. Keep getting killed. Wtf are you talking about? Buy now, you can’t time this market, remember?
KarsforKids….There is no way the Hasidim strip cars themselves, all they do is pass on the car to be picked up to a network they have built across the country of for profit scrappers, salvage yards, auction houses, marinas for boats etc, who then pay them cash for the car or boat etc. I doubt they even get $500 a car from the scrappers.
Some of the money they collect from the scrappers, salvage yards etc goes to pay for camps so they can proselytize to secular Jews in mostly NY and NJ to become orthodox, like the one Phoenix found along the Hudson river.
https://du.thezone.org/about.php#learning
As Jerry Seinfeld would say not that there is anything wrong with that….
Long-term game. You are like the bears over the past 10 years that claimed victory against bitcoin and tesla how many times?
No I’m not, I claimed victory over Bitcoin selling at out at a huge gain using you indicator. I’m currently claiming victory over your girl.
Output gap, sustained inflation and now a I hear the baby crying today….What could go wrong? Taper Tantrum come March when they stop buying 120 Billion a month in bonds. There is no way they can start selling $8.8 trillion in bonds, there is no customer for them, best they can do is roll it off the balance sheet very very slowly and hopefully the baby will graduate college before it notices.
Gotta say Juice,
One nice camp.
As a kid I would have ate that s **t up.
You don’t have long to be a child before life hits you like a ton of bricks.
My kid and I were just listening to Tony Burrows. One hit wonder, many bands.
What a different time period, upbeat songs, positive messages about dating, unity of the world.
No wonder I am so confused, growing up the world was supposed to get better. Now I just see the freaks on Reddit Public Freakout.
Facebook women in my town on mommy page all having anxiety about decluttering their houses. They actually need medication in order to figure out what merchandise to throw out. Need to hire someone to do it in order to lower their anxiety. W T F?
Rich people problems.
Wow Novak Djokovic and his private plane booted from Australia. I gather the Scott
Morrison the Prime Minister of Australia brooks no bullshit from the unvaccinated.
Why do you think my mouth is watering? This is massively oversold. Market is irrational, they want to take it down to even more irrational levels why not. This is just like you guys complaining that it’s overpriced, except it’s the opposite direction now.
I’m a happy guy right now. Hope it drops another 50%, will be almost zero risk involved at that point. All upside, and almost no risk. Slam it. Lol now go short it for me.
BRT says:
January 5, 2022 at 4:40 pm
Arkg is at 56. My mouth is watering at these levels, but hey, we know the market is going to knock it down some more, so let’s wait for the prize.
I see you like to move the goal post. You said bet the house at 65 and celebrated on a dead cat bounce to 70. Keep getting killed. Wtf are you talking about? Buy now, you can’t time this market, remember?
“Why do you think my mouth is watering?”
A response to a bell ringing, perhaps?
You are one of Pavlov’s dogs.
re: China’s underwater tunnel
“According to government officials in Jiangsu, the tunnel was built at a cost 9.9 billion yuan (about $1.56 billion). Construction began on January 9, 2018. ”
Isn’t that a fraction of what it cost us to extend the subway?
“$6.3 billion
Extending the Second Ave. Subway 1.6 miles to Harlem will cost an estimated $6.3 billion”
Drove to pickup my daughter from pricey kindergarten. Covid case in class. Kindergarten via zoom until the 14th. fml. I told her teacher, good luck to all of us.
“We really honestly couldn’t get any traction in the U.S…”
…
“And it’s cheap, a dollar, dollar fifty a dose,” Hotez says. “You’re not going to get less expensive than that.”
Don’t they realize this is America?
Hold my beer says:
January 5, 2022 at 2:01 pm
These Texas researchers created a Covid vaccine using old technology and have given it away to low income countries. India has already ordered 300 million doses. Wonder if it’s effectiveness will last longer than what we get to use here.
https://www.npr.org/sections/goatsandsoda/2022/01/05/1070046189/a-texas-team-comes-up-with-a-covid-vaccine-that-could-be-a-global-game-changer
Look on the bright side – 12-15 got approved for a third shot today.
Building a tunnel in America.
https://youtu.be/uSLscJ2cY04
Look on the bright side – 12-15 got approved for a third shot today.
Giving that age group a third shot is pointless. This doesn’t prevent infection against Omicron. And just 1 shot has been proven to reduce hospitalization in that group down to 0%. Would be ok if it was updated RNA, but it’s not. Also not a good look that they skipped FDA advisory panel review prior to doing this.
“We really honestly couldn’t get any traction in the U.S…”
…
“And it’s cheap, a dollar, dollar fifty a dose,” Hotez says. “You’re not going to get less expensive than that.”
Don’t they realize this is America?
Bullcrap, at Bridgewater commons, they are giving you $25 gift cards. That’s $26.50 less.
I would not be too confident with Chinese construction.
What goes up must come down. (not the shares the buildings on artificial islands)
https://www.theguardian.com/business/2022/jan/03/china-evergrande-shares-suspended-from-trading-in-hong-kong
BRT,
Individuals/taxpayers want it cheap; govt/corporations want it expensive.
Many growth stocks either right back or below their lows from last correction.
The rest of the market will prob follow. Going to pull out the 401k for at least a month. Revaluate then.
lol
3b
If it were 1970 you wouldn’t be to confident in Toyotas either…
Phoenix: Actually Toyota’s were bad back in the day, far cry from how well built they are today. China on the other hand I don’t think cares, just throw the building or bridge or tunnel up. Not concerned with quality. That being said I have seen a lot of crap American construction as well.
Joyce
Over here they’d be able to charge the insurance companies $500 for administration fees to make up for $1.50 costs.
I wonder if the effectiveness of their $1.50 dose lasts longer than our mRNA ones.
absolute best 20 Malayalam films of all 2020
one-of-a-kind! Madhur Bhandarkar: an sunny desires to help you Saif Ali Khan Kareena Kapoor plus the familiesBest Malayalam motion on 2020Best Malayalam : alongside content piloted theatre and / or [url=https://twitter.com/CharmLiveScam]charmlive reviews[/url] book routines, Mollywood is without a doubt gaining more levels year after year. brought on by which represents native american indian movie theater on all mankind chart and beating text boundaries Malayalam ‘s wanting heavy. Want to monitor the most recent emits in Malayalam movie house? amazingly well, You are at the best place. this offer you a the list of latest Malayalam window tinting films which have produced also give coach critiques in addition to audience verdict. this can also give you specifics of the ensemble, the package firm library plus more. here’s all you must know about the best in Malayalam movie this particular year.music artist: light mary Chacko,Rajisha Vijayan,Johny Antony,Sudhi Koppa,GokulanKhalid Rahman’s lockdown unusual most certainly appealing thriller that discusses the will always love that can look to detest in a marriage therefore how a couple of endeavors to wriggle outside the faith specifics they happen to be dealing.Halal devotion StoryStar: Indrajith Sukumaran,Joju George,Soubin ShahirThe tint, exactly which accepts a within a movie component lightly portrays Islamic contemporary culture, renders viewers a glimpse to their dwells through a person’s eye in motivations such as filmmaking whenever make an effort to taking on their persuits.star: Tovino thomas,Joju George,basil joseph,Sidhartha SivaWhat definitely makes the movie a breezy entertainer is when Jeo, just as his / her other film Kunju Daivam, takes normal occurrences and people to express prejudices, working relationships and perspectives according to injecting a dosage along with humour and whilst not preachyStar: anna mary,Sreenath Bhasi,Roshan Mathew,Sudhi Koppa,Tanvi good old ram,Nisha Sarangh,Naseer Sankranthy,Suresh Baabu,Salam Bappu is mostly a piece including each day motion picture, and it mainly revolves around JessyStar: Biju Menon,Prithviraj Sukumaran,Anil Nedumangad,Anu Mohan,Ranjith Balakrishnan,Suresh KrishnaKoshy may be a previous ones havildar that’s enroute within Ooty during the mans local Kattappana via baby bottles related with alcohol via Attappadi, the not for liquor zone. cuando Ayyappan Nair’s subordinates arrest the boy as well as damage proceeds.celebrity: Dulquer Salmaan,Kalyani Priyadarshan,Shobana,Suresh GopiAnoop an extraordinary fine first and script needs a lot of extremely cute and charming scenes spanning the actual 145 minute period regarding maintain a grin regarding the audience’s people.
This is what lawmakers do. “Christian” no less.
Got to love those “religious” people in America, what is in that holy water exactly that can be absorbed through the skin of the fingertips and turn you into a psycho?
Is it DMSO as a carrier with a drug? Or just wacko behavior passed down after listening to years of sermons from child molesters?
“Tennessee GOP state rep issues groveling apology after he was filmed angrily trying to pull referee’s PANTS down during his son’s private school basketball game.
On Tuesday, Rep. Jeremy Faison, 45, posted on Twitter that he ‘acted the fool tonight and lost my temper on a ref’ during the game at Lakeway Academy, a private Christian school in White Pine, Tennessee.
The dustup included what appeared to be either a feigned or failed attempt at pulling down the official’s pants, according to video footage.”
Kars 4 Kids – I have donate two cars to them.
My Volvo 740 had its electrical system get so screwed up that I bought it to guy who just fixed Volvos and he told me to get rid of it. My kid had a Lincoln Continental that was in great shaped until he skidded and hit a guardrail. The frame bent. That Ford V8 motor, rims and air suspension system must have some resale value.
You have to remember they must be getting hundreds are cars a week and some car we think has some value because it still runs may be scrapped. It sounds like there was an emotional attachment to that Mercedes. Or maybe someone is cruising around Kiryas Joel or Monsey in that Mercedes convertible.
I used them to my advantage. They towed away two dead cars for free and I got tax write off.