Shovels Ready

From the Star Ledger:

Feds clear the way for Gateway Tunnel project to get billions in funding

The final hurdle needed to qualify for federal funding to start building the $12.3 billion Gateway rail Tunnel was cleared Thursday when the Federal Transit Administration raised its rating of the project.

“This is a major step towards completing the nation’s most important transportation project, which will modernize our rail infrastructure, get commuters to work, and keep our economy moving forward,” said U.S. Senator Robert Menendez, D-NJ.

Federal funding could be as much as $5.6 billion, or approximately 44% of the projects cost to build two new rail tunnels under the Hudson River and rehabilitate the existing 111-year old tunnels. Amtrak would fund $1.4 billion and also has purchased Manhattan property needed for the project. The state governments of New Jersey and New York would fund up to $6 billion, through low interest, long-term railroad infrastructure loans.

“The day many commuters never thought they’d ever see is finally coming. We are closer than ever to securing a fairly and fully funded Gateway Program and beginning the work of delivering the safe and modern infrastructure our people and economy deserve,” said Gov. Phil Murphy in a statement.

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104 Responses to Shovels Ready

  1. dentss dunnigan says:


  2. Ex says:

    So I managed to pinch a nerve in my shoulder. Overall I don’t feel it unless I extend in one specific spot and it shoots pain down the arm to the thumb. Getting old sucks.

  3. dentss dunnigan says:

    The tunnel will be ready when no workers will use it ….

  4. Hold my beer says:

    Street criminals will be the new commuters, replacing the white collar ones of yore .

  5. Phoenix says:

    Use the other hand. It’s not really cheatng.

  6. Phoenix says:

    Another Frontline goodie. This one hits NJ. Americans accept this.

  7. Phoenix says:

    The tunnel will be ready when no workers will use it ….

    It’s where you will hide from nuclear war.

  8. Phoenix says:

    So we now know what she got, we know what he got.

    So what did taxpayers get? Any KY to go with it?

    “A former Paterson police officer who claimed she was forced to retire after shooting a civilian in a confrontation has settled a discrimination lawsuit against the city.

    Haydee Santana, 53, claimed she was treated differently from male colleagues in similar circumstances after she shot an unarmed man who authorities said charged at her in front of his children.

    Santana, who said she was forced to retire on a disability pension in 2018 after 24 years with the Paterson Police Department, settled her suit for $185,000, city officials confirmed.

    The civilian she shot, Larry Bouie, settled a suit against the city for $450,000 last year.

    The city should have sent her for stress counseling or a psychiatric exam after she shot Bouie in the stomach while on duty in front of his two children outside the Frank X. Graves Public Safety Complex on Oct. 29, 2016.

    The Passaic County Prosecutor’s Office reported at the time that Bouie apparently was under the influence of drugs and was “screaming and flailing his arms” when he charged at Santana and was shot once in the stomach.”

  9. Fast Eddie says:

    “This is a major step towards completing the nation’s most important transportation project, which will modernize our rail infrastructure, get commuters to work, and keep our economy moving forward,” said U.S. Senator Robert Menendez, D-NJ.

    Too little, too late, just like the epic disaster known as the American Dream mall or whatever it is. It’ll be 50% capacity at best during peak rush hour as commuting as we’ve known it is dead. Bloated government must stay relevant to fund its lavishly privileged existence while it hides its uselessness.

  10. Phoenix says:

    It’s not just government, its the “private public partnerships” between the government and the corporations.

    Watch the video on flood insurance. Government gave the money, but the major criminals were the insurance companies that fleeced homeowners.

    Of course, as human nature would have it, many homeowners were out to fleece the government as well.

    But as Leftwing alluded to, some things are in civil court, and some are in criminal court. And we don’t want to prosecute civil “disputes” as crimes now do we?

    Oh I do. The only thing that puts a “civil” criminal on notice is some time behind bars.

    But this will not happen, it would ensnare too many government officials and corporate thieves.

  11. Libturd says:

    Ex (from prior thread),

    Planning to make the visits either in the late Spring or in the Fall. We’ll look you up then. Not sure if whole family is going out or just some.

    As for Israel. The progressive position will be short-lived. Though the conservatives in Israel do not help their case. None the less, support for Israel will go on unabated much like the support of our own oversized military spending. Republicans keep trying to make it a wedge issue, but it’s never been one nor will it ever be. Too much at stake for the US. Especially in trade and military knowledge.

    It’s also a powder keg when it comes to campaign finance as well as a voting block.

    Also from prior thread:

    If market bounces back a bit perhaps I’ll put some shorts on.

    Right now, I’m salivating at the potential that I caught the top of the third major correction in 23 years. Admittedly, I thought I caught it in Trump’s December to remember crash, but it came back so fast, it provided me no advantage as I didn’t get back in. This correction is approaching the depth of that one. Perhaps my trading strategy for today is to put 10% back long (not sure what ETF) at the close and will put on shorts early today if I am sensing more blood in the water. Who the F knows? This is where I really should be playing with options.

  12. 3b says:

    Juice: From last night, great stories, wonderful memories. The years go by quickly.

  13. 3b says:

    The day many commuters never thought they would see is , now its here and many won’t care as they no longer need to do the commute. And by the time it is actually up and running, even less commuters.

  14. Phoenix says:

    Meat Loaf dies after ‘falling seriously ill with Covid’

  15. BRT says:

    Bye bye nvidia, look out below.

  16. Phoenix says:

    All they care about is their cash. The veil of “piety” has been breached. I can’t begin to tell you the things I told the priest and, in some part, much of the parish when my ex wanted an annulment. Surprised about some of the things they asked for as well.

    Basically told them that the ex should be ex-communicated, and proved it with audio recordings. If they choose to keep Satan as one of their “congregants” I won’t consider myself part of that tribe, although I don’t really now anyway so it’s no loss.

    I don’t want to be part of any tribe that can’t self police itself, or covers up nasty things.

    Why is it so hard to do the right things anymore?

    “With the Catholic Church in Germany, and around the world, facing charges of protecting abusive priests, former Pope Benedict XVI failed to take action against clerics accused of abuse, a Munich Church report has said.
    A child abuse report released in Germany on Thursday found that former Pope Benedict XVI failed to act in four cases of mistreatment.”

  17. Libturd says:


    Watched the Flood Insurance Fraud Frontline. I am not surprised. I gave up on getting back what we deserved from that freak August storm. Though our flood insurance was supposed to pay for our major appliances, it does not cover contents. Our homeowners was supposed to. Of course, our homeowners denied it since we had flood insurance. I couldn’t even get FEMA to send an inspector. What we didn’t end up getting paid on was 4 doors, carpeting on the steps, my skis and boots and other sporting goods equipment and the cost to repaint. Probably 3K. Our policy still paid off in that it saved us about 12K in appliance replacement (furnace, washer, dryer, fridge) and we had paid less than 5K in to it. But we might have done better not to have flood insurance in the first place. Though, I was not willing to take that risk.

    Crazy country we live in where those who do not pay for insurance get better catastrophic coverage than those who actually paid for coverage. Why am I not surprised?

    FEMA is one giant sh1tshow by the way. Trust me on that one.

  18. Phoenix says:

    Americans accept this. That story was horrifying. So is yours.

    Way too much crime is protected by “civil” court proceedings.

    At some point, civil is no longer civil, and needs to become legally criminal, like that story I posted yesterday where the girl CLEARLY wanted this child to herself, then used the system against a father whose only crime was fighting for his right to see his own child.

    They just used the court system knowing it would be hard to prosecute them for denying these claims and falsifying documents knowing most don’t have the ability to to fight against them.

  19. Phoenix says:

    In her defense she was just there trying to secure funding for herself and the children.

    You know, mom is always the better parent. Always.

  20. Juice Box says:

    RIP – Bob from Fight with the biggest moobs

  21. Libturd says:

    Here’s 3.5% on up to 100K, no penalty for withdrawal. I know some of you were looking for interest on short-term cash (must do 1.5K in direct deposit per month and get their credit card and spend $100 per month).

    Pretty decent $3,500 offer if you ask me with very little work required.

  22. Phoenix says:

    Beware of those cameras…………..

    “A Paterson police officer beat a 19-year-old Arab-American man and then lied about it, a federal grand jury charged.

    Officers Kevin Patino, 29, violated the civil rights of the victim, according to the indictment returned in U.S. District Court in Newark, U.S. Attorney for New Jersey Philip R. Sellinger said.

    Osamah Alsaidi was walking with his hands in his pockets the night of Dec. 14, 2020 when Patino and Officer Kendry Tineo-Restituyo approached him, the U.S. attorney said.

    What they didn’t know was that area surveillance cameras were recording the incident (see below).”

  23. Juice Box says:

    Jones doesn’t throw a ton of dimes, nice of him to donate the tickets seems like a nice kid and a great athlete, they had an 11-1 season with some real blow out wins.

    They have some linemen too, Tyler Burnham 6’6 300 lbs sophomore.

    Are they still recruiting from NYC? Used to see kids take the ferry the other direction in the morning headed to NJ.,nj)/football/roster.htm

  24. The Great Pumpkin says:

    I know it’s not the popular opinion here, but you guys are crazy if you think this tunnel is not needed. Nyc is not dead. Commuting is not dead. Again, the majority of the population is not going to be working from home. This pandemic is over and owners are going to slowly force their workers back to work.

  25. Libturd says:


    I’ve still been silent about my kid’s case against the GR schools. We were screwed by a conservative judge. The facts of the case mattered not. When I get you that steak, we’ll explain. Talk about a complete travesty of justice. The judge was female. :P It’s under appeal, but higher courts don’t like to make judges look bad, even though every single person we shared our case with can’t believe the verdict.

    We are currently trying to negotiate outside of the courts. It’s much cheaper for everyone involved. Who woulda thought? The only problem is, GR likes to do everything in court. Why not? It’s the taxpayer paying for it.

  26. Libturd says:

    Bitcoin in toilet.

  27. The Great Pumpkin says:


    Glad we were on the same page with exiting the market. This is getting ugly.

  28. Libturd says:

    No shorts for me yet today. Not with the ten year down 4%. Give me a ten-year with > or = to no change and a bounce up in the nasdaq and I’m putting some on for the rest of the day.

  29. Juice Bxo says:

    Pumps – They could add five new tunnels and NJ transit trains will still be as slow as molasses. All the rail lines need to be updated to run at least 125 MPH, this way the commute would be tolerable. The train from here is 1 hour, 18 minutes at best. It sucks, the bus and ferry are much much quicker.

  30. Libturd says:


    I’ve been warning you since the middle of last year (at least). You would have been smarter to have moved your position out like I did in steps. Especially in the 401K. I am free to go completely back in at any time now with relative immunity.

  31. Ex says:

    8:05 epic..!!

  32. Juice Box says:

    Bitcoin – Wait didn’t the coin pumpers just say yesterday by Russia dumping coin mining and trading was positive proof that it was resilient?

    I don’t know if anyone here read the Fed paper I posted yesterday, but the reality is about to smack the coin pumpers really hard. Some congress critter looking to make a name for themselves will introduce legislation for a Fed managed digital currency like china and India are doing. It’s only a matter of time now.

  33. The Great Pumpkin says:


    Def taking a big risk, but like I said, when have I talked about exiting the market on this blog. Never. The returns from these past two years have been ridiculous. Had to make the move. High growth was the canary. Now the rest of the market suffers from the disease.

  34. The Great Pumpkin says:


    Old tunnels are finished. We need this infrastructure investment, it’s way too important to the national economy.

  35. Phoenix says:

    When I asked for documentation from my daughter’s school, they stonewalled everything- to protect themselves from liability perhaps or just because my ex was an employee in a shared district.

    It takes time, but the dirt got out, she was covered in it and kicked off the island.

    She made the mistake of marrying a person of principle over a person of money and greed. In that respect my spirit animal is a pitbull.

    I’ve got my teeth sunk in and not letting go.

    It’s also what makes me well suited for my career. I like what I do, will always do it right no matter what. That is why when I posted that video where the police broke the veteran’s neck I kind of expected that behavior from them, but not from others in my profession -to forget what their role was when this man clearly stated he could not feel his legs.

    They forgot their role as medical professionals. A disgusting lot that if I were on the jury and could send each and every one of them to prison off they would go.

    I did enjoy learning that this woman won a 500k lawsuit by standing her ground and following policy only to be physically abused and restrained by an uncontrollable ogre.

    Someone got justice.

  36. Juice Box says:

    Look out below.

    At least their CEO Brian Armstrong was able to buy his $133 million dollar house in LA.

  37. Phoenix says:

    Really loving this dark mode.

    A tip of the hat for you, Grim.

  38. Phoenix says:

    First Klass Karen.

    Get’s the anonymity treatment. Had she been in cattle class her name would be plastered all over the papers.

    Wanna act like an entitled je r k, pony up for a first class seat.

  39. Phoenix says:

    Gets, not Get’s.

  40. No One says:

    You need to get your life out of dark mode.

  41. The Great Pumpkin says:

    Man, going to be a beautiful time to get into the market when this all bottoms. Opportunities like this don’t come around often. Shake that tree.

  42. Libturd says:


    The NJTransit express train from Hoboken to Dover takes 75 minutes today (the quickest train on the entire schedule). Most Hoboken to Dover trains take 90 to 100 minutes. The Phoebe Snow did it in 58 minutes in 1952.

    Nuff said.

  43. Juice Box says:

    Phoenix – interesting case, the cops were lazy as an electronic warrant takes all of 10 minutes to get. Looked into it the cops are suing too the city for having an outdated policy manual. They will probably get their payday too.

  44. Libturd says:


    Once every ten years or so typically. Got to be patient. The rest of the time, large cap growth and/or index funds.

    See how easy it can be. Few have the discipline.

    Wealth Managers can’t do this. They need to get paid the other nine and one half years.

  45. Phoenix says:

    No One,

    Had a few patients follow the light. Not ready to do that just yet.

    Good article. First time I have heard of a lawsuit like that. But I can tell you for a fact that there is a lot of switching from institution to institution right here in good ol’ NJ.

    Free pizza every day is not a raise.

    It’s what you give to your buddy to help you hang a door or spread some gravel.

    When you ask him to help you build your whole eff ing house you better come up with something better than pizza.

    I can’t say enough about how much I enjoy working with they younger staff. It helps to have a child like I do as I am forced to adjust and learn new things like music and lingo.

    I asked one of my young colleagues a question the other day. Her response:

    Bestie what?

    Still laughing about that today!

  46. The Great Pumpkin says:


    So true. You summed it up perfectly.

  47. Phoenix says:

    The man made his decision and went with it.

    “If I die, I die, but I’m not going to be controlled’: Meat Loaf, 74, said he was ‘scared to death’ of COVID but railed against masks and vaccine mandates in haunting interview five months before ‘dying from the virus’

  48. Libturd says:

    I heard you are in complete control when you are dead. You also get all of your constitutional rights back, there are no mandates, but you can’t terminate pregnancies. Complete control!

  49. grim says:

    Good article. First time I have heard of a lawsuit like that. But I can tell you for a fact that there is a lot of switching from institution to institution right here in good ol’ NJ.

    Not sure what state that’s in, but it’s a factor. As well, what contractual limitations might have been put in place. Non-solicit or non-compete provisions?

    I find it very, very hard to believe the court would grant that injunction. The courts almost never grant injunctions against everyday healthcare workers. If there was some senior executive bound by a non-compete and non-solicit who moved over, and hired those resources, that’s another story, but even then, it’s largely just that one person who would be subject to an injunction.

    Non-competes are complete bullshit, shouldn’t be legal, hell, are a complete abuse of the legal system. I hate these as much as Phoenix hates family court. I can’t tell you why, because then I’d get sued again. Don’t ever sign a non-compete, and certainly don’t ever sign a non-compete in the south.

  50. The Great Pumpkin says:

    Yup. Markets move so fast now.

    “Crash in hyper-growth stocks has been epic!

    So many former high-flyers down 70-80% within 3 months….similar carnage during TMT bust took 3 years to play out, now just 3 months!

    Markets have become super fast, wow!”

  51. BRT says:

    lol, Pumpkin is a tech stock bear now

  52. Libturd says:

    All the money’s in the darlings. They pay our leaders dearly (and put former politicians on their boards) to not be broken up. Everything else is pure speculation. A decade of zero interest rates will drive a lot of people into valueless positions with their hard earned money. What blows my mind is how many individual names are down over 50% while the indexes have barely budged. Which is why I think the darlings are next. Probably, the only thing keeping them afloat is the transfer of dollars from the speculative into them. If they start breaking down, lookout below. Then put your money back into anything.

  53. Fabius Maximus says:

    Lib would be interested to know what grounds you are appealing on. Special Ed cases are not usually appealable outside of a procedural violation. I was able to file, as the judge left half off my exhibits from the evidence list in the final decision.

    Good luck with it. The district will fight as they won the first and the will expect to win the replay. They will also want to discouraged other parents from filing. The silver lining is that the districts are held to a higher standard in Superior Court and you wont get messed around as much. Also if looks like its going to drag out with low odds consider going Pro Se. I was quite happy to burn vacation days while the other side ran at $120/hr for the lawyer and the cost of dragging the admin and staff in to testify.

  54. The Great Pumpkin says:


    Still stand by my position that current prices on high growth is a gift from god. That doesn’t mean it won’t fall more…market is not rational, but that’s why we can make so much money in the market. If it was rational, would be so hard to make money in the market.

  55. Fabius Maximus says:

    RIP Louie Anderson

    We are losing a lot of greats.

  56. BRT says:

    Actually, you have it backwards. Rationality and reality is finally setting in. And gravity is taking hold. And you can make money in this rational market. By shorting. I’ve caught 20 to 30% of the downside in most of these tech names I’m shorting. I shorted Shopify 2 days ago and it’s already down 10%. And there’s a fund out there that holds millions of shares watching each of these names drop over 5% a day. There’s no way to exit those positions. Just wait til outflows.

  57. The Great Pumpkin says:


    It’s already acting irrational to the downside. Just like it gets overbought, it gets oversold. Just be careful as you can end up a bag holder shorting on the way down, just like the bag holders got caught chasing the top. It’s not easy to call market tops or bottoms these days with these computer algorithms going to work. They move so f’ing fast.

  58. BRT says:

    Recency bias is strong with you.

  59. The Great Pumpkin says:

    I’m rooting for you and hoping you do well. Don’t be a d’k.

    Just telling you to be careful with high growth. It’s been in a bear market for almost a year. You know who is going to turn around first? High growth. I would short the “safe” stocks that have barely went down if I was into the short game. High growth has been beat down, not much left to beat up. They are seriously a value at this point.

  60. The Great Pumpkin says:

    Obviously, it’s all about FED. That’s all that really matters in the short term. Long-term, these high growth stocks are where you want to be.

  61. Libturd says:


    It’s too long of a story to describe here. Don’t expect to win appeal. Aren’t paying for it, so it help keeps their feet to the fire.

  62. Libturd says:

    I will be putting 10% back to work on the long side here. Expect a FED driven dead cat bounce on Monday. If it occurs, will pull it back out. Leaving 401K/529 alone. This is all in the tax-shielded IRA. If market finds bottom, I can’t be too greedy, though I doubt we are there.

  63. The Great Pumpkin says:


    I agree, doubt we are there yet. High growth might be close to finished, but not the rest of the market.

  64. BRT says:

    Scratch that, Shopufy -15 percent. Fing glorious

  65. Libturd says:

    Meh. I did 5% in the dumb money accounts and 10% in the IRAs. So be it. Probably a little early, but time to lock in some gains.

  66. 3b says:

    Chief Equity Strategist at Morgan Stanley, says market more over valued than dot era and are likely to fall 20 percent in the first half of the year.

  67. Libturd says:

    No sh1t sherlock.

  68. No One says:

    It’s incredibly annoying when a dozen clients demand an explanation for why one doesn’t own a hot stock in their portfolio. Hope some competing fund managers are choking on their big positions now.

  69. The Great Pumpkin says:

    Isn’t that common sense though? The higher the growth, the bigger the swings? You can never get big gains without the risk of loss for big gains. That’s why if it’s a good company in high growth, who cares how low it goes. Just an opportunity if you have the stomach for it.

    No One says:
    January 21, 2022 at 4:07 pm
    It’s incredibly annoying when a dozen clients demand an explanation for why one doesn’t own a hot stock in their portfolio. Hope some competing fund managers are choking on their big positions now.

  70. 3b says:

    Lib: True, but what a difference!

  71. BRT says:

    they’ll have some explaining to do to their own clients after they’ve financially ruined them.

  72. The Great Pumpkin says:

    All I can say is get greedy when others are fearful, and then sell when they become gleeful again.

    Market psychology.

    People think fundamentals are everything sure. The market never correctly values anything. It’s all driven by psychology. Sometimes the bears are in control, and sometimes the bulls. When everyone is crying that the world is going to end, buy it up. ill never ever make that mistake again. Learned my lesson with SiriusXM. Knew sirius was a buy at .10, but listened to all the idiots who claimed the company was dead. Never again will I let bears get in my head with their fear.

    Peleton might be a buy at this point. You know it’s been beat to sh!t. It’s still a solid product and you are buying with massive blood in the street. The hate for Peleton is insane at this point. I’m not saying to buy it, but there really might be opportunity there now esp if the price becomes so cheap that it gets bought out.

  73. The Great Pumpkin says:


    “OMGGGG in Minnesota right now it is -15 degrees and a truck crashed and all of the potatoes it was hauling spilled out and are now frozen to the freeway so now nobody can drive on the frozen potato freeway”

  74. 3b says:

    BRT: No one saw this coming, how could they know, same as every other time

  75. chicagofinance says:

    Agree very orderly…. nothing unusual….. YET that is… the VIX is not even through 30. That is a backward looking statement. I am just describing this past week as orderly. This is an usual selloff in that it is occurring right through earnings, so this will be fundamental news driven. Netflix and Peloton have created a shift in thought.

    The major thing here is whether Biden panics….. the Fed might speak and rip everyone’s face off. It is kind of a stupid market in that way. We’ll see whether the PUT is placed on the market….. I think only if things get disorderly…. but I could be wrong about that…..

    BRT says:
    January 21, 2022 at 2:12 pm
    Actually, you have it backwards. Rationality and reality is finally setting in. And gravity is taking hold. And you can make money in this rational market. By shorting. I’ve caught 20 to 30% of the downside in most of these tech names I’m shorting. I shorted Shopify 2 days ago and it’s already down 10%. And there’s a fund out there that holds millions of shares watching each of these names drop over 5% a day. There’s no way to exit those positions. Just wait til outflows.

  76. chicagofinance says:

    This is an UNusual selloff

  77. The Great Pumpkin says:

    Yes, and soon enough those unprofitable high growth tech companies are going to take over faang. Faang aren’t even high growth tech companies anymore. They aren’t even that innovative anymore. In 10 years or so, you will have a whole new bunch of players at the top of tech.

    Cathie is absolutely correct about the long-term. The only thing wrong with her thesis in the short-term is market psychology and environment. Nothing you can do about it except patiently build a position and wait.

    “Tuttle explained that he believes we have not bottomed out and markets can continue to see selling pressures, stating: “My thought is that we got more room to go, and it could be a good amount.”

    He also added: “There’s a massive difference between unprofitable tech and profitable tech. So, you’re talking about Teledoc Health (NYSE:TDOC), Zoom Video Communications (NASDAQ:ZM), and DocuSign (NASDAQ:DOCU) versus Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Google (NASDAQ:GOOG).”
    Yes, the Nasdaq is selling off, but “you will only see so much” selling regarding profitable tech names, Tuttle stated.

    SARK is the hedge against unprofitable tech, which bets against specific ultra-high growth names that look to become the next wave of tech leaders five years from now. These lofty names are most sensitive to potential rate hikes and market volatility, and that’s one of the reasons individuals have seen them fall.

    Cathie Wood, on the other hand, continues to stand by her long-term thesis, believing the stocks she holds inside of ARKK and other innovative funds are the stocks of the future. Wood also believes that if a market bubble is growing, it is being created within value stocks and not growth names.”

  78. The Great Pumpkin says:

    So this turtle dude better enjoy the short-term win. If he doesn’t abandon his bet against ultra-high growth names that look to become the next wave of tech leaders five years from now, he will lose it all. That’s a dangerous long-term bet.

  79. Juice Box says:

    re: This is an UNusual selloff

    Amazon is down 12% for the week…..AMAZON..

  80. BRT says:

    And…there goes crypto. Everything is going to go down…Just some things more than others. Reversion to the mean is the minimum target. Some have already made it there like Twitter and PTON. I’d look for the floor in stocks like that to be the omen for the rest.

  81. The Great Pumpkin says:

    Crypto getting smashed hard. Lol….when was the last bear market? These newbie investors about to learn about a bear market. Hope it doesn’t clean most of them out.

  82. The Great Pumpkin says:


    Are we lucky or what? We f’ing pulled out at almost perfect timing. Feel like I’m dreaming. Saving an insane amount of money. So grateful it worked out.

  83. Juice Box says:

    And…there goes crypto.

    Good hopefully it goes straight to zero and it will shut them up for good. There is no bankruptcy for something that does not really even exist, just lots of crying and they can take their overpriced JPEG artwork with them.

    But nooo we are waiting for the bigger fool to come along. 9 million for his JPEG? This guy is a fool.

  84. crushednjmillenial says:

    Jan. 4, 2022 (intraday) = SP500 hits all-time high


    Jan. 21, 2022 (closing) = SP500 at 8.73% lower than all-time high


    Anyone think we get to 20% off all-time high (SP500 = 3,854.89). This price was last achieved in March 2021.

    3,380 or so was the pre-covid high.
    2,300 was the covid (March 2020) trough

  85. Juice Box says:

    Pumps I pulled everything out just before the Lehman failure and market crash in 2008, but did not get back in at bottom in March of 2009 waited a little longer. Once we get there and it will, it’s going to be very quick as we don’t have the same hangover from the housing crash. The government will continue to print and forget as we have already printed 9 trillion in the last five years. There is no going back, it will be inflation until we are all dead and buried.

  86. The Great Pumpkin says:


    Can’t stop laughing. These people are maniacs with the digital art scene.

  87. crushednjmillenial says:

    Lol, SARK up 32% over the last month.

  88. The Great Pumpkin says:


    Dude, you timed that?! Sick move! That’s huge when factoring in compounding and the run the stock market had since.

    Yea, it’s going to be a ferocious turn around. (I still believe in the roaring 20’s 2.0.)Not going to get greedy and try to time the bottom.

  89. leftwing says:

    Busy day. Almost out of most of my shorts. As BRT said, it shouldn’t be this easy (TY CW).

    Starting to tiptoe long into a couple positions, ironically the high volatility and upcoming earnings make it easier.

    Closed out the last of my $180 PYPL shorts today. Opened on 12/2, $1600 per lot profit. Then went effectively long today with a starter position. That will return $8.00 per share (66% return on capital) or I’ll own the shares at $135 (down about 15% from here).

    Paired it with a short on AFRM at $60.

    Did a similar trade with FB today. Opened shorts on 12/29, took $500 per lot profit, 2x capital invested. Went long after closing them today, that will return $12 per share (50% return on capital) or I’ll own the shares around $245 (down 5% from here). Will trade this position around earnings on 2/2, supplementing or enhancing based on move.

    The levels at which I take stocks are not random…for FB it would represent 16x or so P/E…extremely comfortable with delivery at those levels.

    Balls deep – probably the largest single position I’ve taken in a while – shorting VIX and VXX at effective levels from 27.75 to 24.00.

    A bounce on Monday or next week would be nice. Likely there will be more pain before a full turn but I’m of the opinion that we’ve jumped the shark on Fed expectations…I’m not one to take the other side of a trade from Dimon or Goldman but predicting 7-8 hikes is insane. Strong likelihood we see a solid bounce in the foreseeable future as some Fed commentary dispels that level of concern and market snaps back.

  90. Juice Box says:

    Pumps I am not pulling out this time. I thought about it around thanksgiving when the Fed was jawboning about raising rates and did my research on it. Like I have mentioned .25 one year .25 again the following in 2016 and then there a bunch of other .25 increases over the next two years until we hit 2.25%. I don’t see any kind of massive move this year. There will be perhaps 2-3 small increases not 4 this year as GS predicted.

    There is no toxic debt this time..It will correct and return as inflation is the only game in town….

  91. Juice Box says:

    Just going to remind you all again, there is no way we can fund the budget without the monetary games, no matter how much they still say otherwise. 7% Y0Y inflation has not really spooked the Fed all that much. Don’t expect them to even attempt to wind down the balance sheet, it was not possible when it was 2 Trillion and now it absurd to think we can do it when it’s 9 Trillion.

    Bernanke orchestrated the path we are on right after September 12, 2008 when Lehman collapsed and the Fed went on a buying spree with your credit and wealth, he went for money printing the last refuge of despots. The fact it has lasted as long as it has is a testament to the strength we as a country have in this world today. You can bet China which just cut rates and Russia which may cause us to spend Trillions in a military spend have noticed our weakness.

  92. The Great Pumpkin says:

    Lesson learned…don’t fight the fed on the way up or on the way down.

    Right now, they want this. They want to cool off how much money everyone has. What’s easier to do that than deflating the markets for the time being. Like I have always said over the past year…deflation is who we are really at war with. This inflation will not last based on the factors if you look at the big picture.

  93. The Great Pumpkin says:

    I don’t think we see a major bust again in our life. These high growth stocks are the closest you are going to get at buying super cheap stocks. Just like they are overpriced when bulls are in control, they are underpriced when the bears are in control of the market.

  94. Juice Box says:

    Pumps re: “Dude, you timed that”

    Not really timed. I just refused to suspend reality as I saw the train headed my way and stepped off the tracks, same reason I did not buy my home until 2012, and why I am not panicking now.

    BTW short but a good watch 4 minutes. None of these people are even in the room anymore, when we had a chance to perhaps do something. We are well beyond that now….

  95. The Great Pumpkin says:


    Honestly, that video is evidence of how on pt that FED regime was. In hindsight, those responses by Bernanke were amazing.

    I hope the future fed leaders can understand a complex economy like Bernanke did. Truly amazing.

  96. The Great Pumpkin says:

    The answer is Index

    “I sold..
    Accenture at $255 (now $342)
    Tesla at $650 (now $1000)
    Waste Management at $110 (now $153)
    Exxon at $57 (now $73)

    But I also sold..
    Zoom at $414 (now $155)
    Peloton at $155 (now $25)
    HIMS at $22 (now $5)
    Danimer at $37 (now $5)
    Skillz at $33 (now $5)

    What’s the lesson?”

  97. Juice Box says:

    Pumps plenty of rich will agree…Bernanke after all saved them all. There was a Charlie Munger interview a few years ago right before the pandemic. He said it best, both the Republican and Democrats came together and agreed to print and spend our way out of the “great recession”. His comment was BEFORE the pandemic in 2019. So they have now done it it again but even much much more printing and they say now we are going to stop? No way no how we could not do it in good times before so nothing has changed. Go long equites or die..

    Here is the interview….the old coot is 97 now and probably has his first nickel in his pocket.

  98. No One says:

    I think Pumpkin should apply for a job as an analyst for ARK at their new St. Petersburg office. His insights are wasted on us and should be monetized by Cathie. And can tell us how great FL real estate is.

  99. The Great Pumpkin says:

    Now this is an interesting angle.

    “After losing money in stocks and crypto, they’re going to buy real estate as a safe haven & inflation hedge, just like the did after the dotcom bubble popped. Human nature never changes, & neither does the Fed’s playbook. Ease, inflate bubble, tighten, pop, repeat.”

  100. The Great Pumpkin says:

    It’s official, I lost $2.5 million invested in January 2022 $1000 strike call options that expired worthless today. Risky business. Invested mostly as LEAPs a year ago. Pesky macro and Netflix did me in. There’s always the next set of options . . . At one time it was up to $7m

  101. Juice Box says:


    “Outagamie County Circuit Court Judge Mark McGinnis granted ThedaCare’s request Thursday to temporarily block seven of its employees who had applied for and accepted jobs at Ascension from beginning work there on Monday until the health system could find replacements for them. ”

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