From Fortune:
What home prices will look like in 2023, according to Fannie Mae
Homebuyers just got more bad news: In January, 70% of homes for sale ended up in a bidding war. That’s the highest rate on record. Simply put: So far, 2022 hasn’t delivered any relief for home shoppers.
Heading into 2022, there was a broad consensus in the real estate industry that home price growth would decelerate significantly this year. But just over two months into the new year, some of those same firms are walking back their 2022 forecasts. Zillow was forecasting that home price growth—which was up 18.8% between December 2020 and December 2021—would decelerate to 11% growth this year. Then last month, Zillow revised that rate up to 17.3%.
Zillow isn’t alone: Fannie Mae just became the latest real estate firm to shift up its 2022 forecast. Last year, Fannie Mae predicted that the median existing home price would climb 7.9% this year. Now, Fannie Mae says the median existing home price in 2022 will jump from $355,000 to $384,000. That would come out to an 11.2% year-over-year price jump.
If home prices do rise another 11.2%, it would mark a deceleration from the current growth rate. However, that would hardly represent relief for home shoppers. After all, the typical raise that corporate America plans to dole out this year is only 3.9%. But Fannie Mae does still think relief will come, it just won’t happen until 2023. Next year, Fannie Mae projects home prices will rise 4.2%—with the median existing home price jumping to $395,000.
First
“Swallow hard you New Jersey. “…… Murphy
“A no-fly zone can be done. It should be implemented. US should dictate US policy, no one else.”
I personally would sleep better at night if a nation with 5,400 nuclear warheads run by a senile 79 year old were not shooting down aircraft of a nation with 4,500 nuclear warheads run by a crazy 69 year old, while the latter is engaged in war.
Sorry, but in what universe will Nato or the EU, unilaterally enacting a no-fly zone, mean anything? You think Russia is going to acknowledge and accept this? They won’t, they will fly, NATO forces would be forced to engage in combat, triggering article 5.
This doesn’t work, there is no snapping of fingers that would stop Russian planes from flying, or Nato planes being attacked by anti-aircraft or engaging directly.
Russian pilots are already engaging in risky maneuvers in international airspace, even violating restricted airspace. It’s not going to end well.
???I keep mentioning a NO FLY ZONE starts with thousands of sorties to take out anti aircraft equipment and radar including the soldiers that man them. This would have to happen in Ukraine and along the Russian and Belarus borders. This is before any of our aircraft can attempt to shoot down russian migs or russian missiles.
This would be war nothing less.
All of this seemed so predictable to me, sorry to say.
If I were prez, I would try to de escalate.
But like American Police, all Americans know is force and punishment, power and control, authority and rule.
You best hope he is bluffing.
I feel sorry for the youth who have had nothing to do with any of this.
Someone should have listened to this guy:
https://youtu.be/kKj4L6GwL5Y
Like I mentioned yesterday, Putin is starting to crack.
The last set of negotiation demands are significantly weaker than the original unconditional surrender.
Ukraine acknowledgement of Crimea, Luhansk, Donetsk – constitutionally banning joining any bloc.
International community will never recognize these areas at this point, so Ukraine’s recognition isn’t entirely relevant here.
On NATO/EU – this shows that Zelensky’s strategy to push for EU/Nato membership was absolutely the right one.
Russia having to call reserves in from their East coast is incredibly telling. Likewise, trying to enlist Syrians to fight? Shows you that the morale of the Russian army is shit.
Putin destroyed Russia, and isn’t going to win at this point. He was fed a load of shit by his cabinet and is now stuck to feast on it.
House prices: A co-worker just bought a house in Wayne. They’re through AR and just finishing up the particulars. I know what the list price was but didn’t ask the final sale price. I’ll look it up in due time. I checked the Trulia and Zillow estimate of my house and it’s at a new high. I don’t know what the thinking is for those in the hunt. Buy now and stay put for a decade or more? Do they feel that inflation is temporary or is Muffy just excited to get a house at any cost? Strange times indeed.
Chinese won’t be part of a no fly zone.
They know how to play the game.
Give credit where credit is due.
Eddie,
Being it might be the only house they will ever own, why not?
You can’t take it with you.
The last set of negotiation demands are significantly weaker than the original unconditional surrender.
Ukraine acknowledgement of Crimea, Luhansk, Donetsk – constitutionally banning joining any bloc.
I thought the same when I heard/read this. What’s Putin’s end game now? Their banking system is on the precipice of collapsing. 13,000 Russians are in jail for protesting, the world is against him so what does he wish to accomplish? Tame the Ukraine? Insurgency will go on forever. He lost the moment the first tank rode across the border. His only “out” is to go into a room, lock the door and place the berretta against his chin.
A quick google shows only one time in history – over a hundred years ago – that US and Russian/Soviet forces ever engaged in direct military conflict.
It was, ironically enough, related to an ill-defined support type mission as newly minted Bolsheviks tried to force a reluctant ethnically related population into their sphere of influence.
Sound familiar?
Now is not the time to break that streak.
https://www.smithsonianmag.com/history/forgotten-doughboys-who-died-fighting-russian-civil-war-180971470/
“Desperate to reopen an Eastern Front, Britain and France pressured Wilson to send troops to join Allied expeditions in northern Russia and far eastern Russia, and in July 1918, Wilson agreed…To justify the small intervention, Wilson issued a carefully worded, diplomatically vague memo. First, the U.S. troops would guard giant Allied arms caches… Second, they would support the 70,000-man Czechoslovak Legion…fighting the Bolsheviks in Siberia. Third, though the memo said the U.S. would avoid “intervention in [Russia’s] internal affairs,” it also said the U.S. troops would aid Russians with their own “self-government or self-defense.” That was diplomacy-speak for aiding the White Russians in the civil war.”
Russia threatening to turn off Nord Stream 1 this morning.
Like I said, they are done, clear capitulation on their part.
Turn it off, spring will be here soon enough.
Anyone start calculating the cost of the lost military equipment in Ukraine?
Russia has lost more jets in two weeks than just about forever I would imagine.
Please explain why brandon is groveling at the feet of the Saudis and Venezuela. Does he have any balls at all or is a total fucking sellout? And Jen “Peppermint Patty” Psaki better get her facts in order when talking about oil permits and contracts.
After days of dramatically rising gas prices in wake of Russia’s invasion of Ukraine, the national average for a gallon of gas is now the highest in United States history, breaking the record that stood for nearly 14 years.
As of Tuesday morning, the cost of regular gas in the U.S. is $4.17, according to AAA, up from $4.06 on Monday. Last week, the average cost was $3.60.
The previous national average high was $4.11, set on July 17, 2008, according to AAA.
Build back better.
Kamala says we all need to buy electric cars.
Guess whoever said they aren’t buying a diesel pickup is listening.
‘We are all in the midst of a turning point. We have the technologies to transition to a zero emission fleet,’ Harris said during the announcement. ‘We can address the climate crisis and grow our economy at the same time.’
Eddie,
Can’t say for certain. But if they exist are probably shriveled and non functioning.
What’s more harmful to planet earth; taking a barrel of oil from the ground or building a battery for a vehicle?
Re: Turn off the gas.
Why hasn’t Zelensky done that?
“About a third of the gas the European Union imports from Russia hurtles down a clutch of pipelines that thread their way through Ukraine. Massive Soviet-era pipes strike from east to west and spit Russian gas into the heart of Europe. Other pipes run diagonally from northeast Ukraine, past Yevhen’s station in Mykolaiv, through Moldova and into EU members Romania and Bulgaria. ”
“The amount of gas shipped through the pipelines has surged since the invasion because of a quirk in the structure of Europe’s gas market.”
“About 109 million cubic meters of Russian gas shuttles through Ukraine a day. Eventually, that fuel arrives in home furnaces, power stations and factories across Europe, keeping the region’s economy humming and voters warm.
Inside Ukraine, more than a million residents are going without gas after fighting caused extensive damage to domestic pipelines. Districts of Kyiv and entire towns including Mariupol have no gas, according to the Transmission System Operator, or TSO. The dearth of fuel is contributing to a humanitarian crisis caused by Russia’s bombardment of residential areas in cities.
“Nobody feels safe,” said TSO Chief Executive Sergiy Makogon from a reserve dispatching station in western Ukraine, to which the company’s headquarters decamped from Kyiv a day after war broke out.”
https://www.wsj.com/articles/ukrainians-risk-their-lives-to-keep-russian-gas-flowing-to-europe-11646735616
“Turn it off, spring will be here soon enough.”
Don’t forget, Spring is key as Ukraine turns into a mud pit….all the discussion before the invasion was around timing and the winter ground for movement of Russian materiel. That was assuming a quick two week strike and victory.
Haven’t heard much about it but would not surprise me that Russia’s new attitude comes not just from unexpected military pushback but also movement considerations if the conflict were to carry on?
https://www.washingtonpost.com/world/interactive/2022/ukraine-russia-invasion-geography-weather/
Gas was $3.89 in my town yesterday. Chik-fil-a still had a huge line in the drive thru at lunch. What does gas have to go up to before fast food is considered a luxury instead of a convenience or necessity?
“His only “out” is to go into a room, lock the door and place the berretta against his chin”
Covid is gone, Putin will kill himself in the next week.
2 problems are solved. No pandemic, Communism destroyed.
2022 is shaping up to be a good year. Think positive.
If those are the terms, we should back them. End the war.
Putin gets what he wants in part, and the west gets what it wants which is economic isolation of Russia.
Then we can get back to feeling with the domestic debacle that we have.
60-70% of Ukraine is agricultural (fields).
It’s clear that Russia stands no chance of moving equipment anywhere but on major roads, making them sitting ducks.
Ambush activity has picked up significantly. Ukraine may be nearing 2000 pieces of mobile equipment destroyed or captured at this point.
Fast: To buy electric cars we need the mineral components to make the batteries. As I understand it most of them are in China, which dominates the market, and engages in dirty mining. We have the materials here, but the environmentalists hate mining. So, which is it fossil fuels or electric batteries? If it’s electric then we should do the mining as well. This Russian thing has certainly made it imperative that we become energy independent from start to finish. To lift a quote from someone who I forget, sometimes a nation becomes too stupid to survive.
Don’t corner a rat, give your enemy a golden bridge to retreat on (Sun Tzu).
“Please explain why brandon is groveling at the feet of…”
Because he’s a veteran of the US Congress where the primary responsibility is to grovel, never contemplate holding a strong opinion, trade morals and ethics (assuming they have same) for expediency, govern by the popular opinion du jour, and otherwise just fold as a human being for longevity with no interest in results or outcomes.
He was there for 50 years. Groveling is not just in his DNA. It is him.
For these reasons it’s foolish to elect a member of Congress to the Presidency…few Senators have ever moved directly from Congress to the Oval Office, unsurprisingly.
Kind of like inviting the Orthodox rabbi to say Sunday Mass at St. Anthony’s….it is set up not to work well before the ceremony even starts.
Putin’s lost a lot of things I believe he was genuinely proud of, most notably his Judo standing and relationships. Go back a decade and look through photos, his Judo photos have been a constant. He’s now lost all his titles/standing. You may think this is a minor thing, I’d argue it’s pretty meaningful – that got him where it hurts.
We haven’t even hit the first Reading with Rabbi Joe yet, forget the Gospel or Communion. More fun times ahead before the recessional hymn…..
Let’s see just how badly he can butcher a centuries old position for which he is unqualified….
Kamala says we all need to buy electric cars.
And plug them into the natural gas/oil powered grid. Grim already brought up how the grid can’t handle it. Newsflash, there are no cars for sale and those that are heavily marked up. How out of touch are these politicians?
“Putin’s lost a lot of things I believe he was genuinely proud of…lost all his titles/standing.”
IIHF has banned Russian hockey from all international competitions, that’s gotta hurt him where it matters…it was hilarious watching him play in games and somehow always score seven goals lol….F1 pulled it’s Russian race, and Haas has dumped the Russian oligarch’s company as partner and his son as driver.
Our electrical grid can not handle electrical vehicles, period.
Our electrical grid can not handle residential heading without natural gas and oil, period.
The two together? Including cooking? This is a complete non-starter. America would need to rewire almost every part of it’s electrical grid, from generation, through transmission, to every single residential endpoint in America. It would be like building the entire nation’s electrical grid from scratch.
Electrical grid is up to the task.
https://youtu.be/AM5EYO5wWMA
Toyota and Honda have not abandoned their Hydrogen Fuel Cell cars. As I understand it, the auto manufacturers solution to all the issues was not EVs as they were forced on them. Yet, their EV spend is now enormous.
Electric cars can’t roll coal. That makes them Anti-American.
I believe more than half of America still has 100 amp or lower service.
That’s 24kw at 100% load.
That’s not enough power to heat a typical medium size residential home, which would require roughly 30kw (100,000btu).
Add in a clothes dryer, cooktop/oven, two electric car chargers, on-demand hot water, and other appliances?
A modern 200a service would barely be able to support this. I can’t imagine how much copper we would need to mine just to manufacture all the new cabling and wire this would require. It would be massive, probably take 20-30 years.
You’d need to run 200 amp service all over the US, and 400 amp service to larger homes. Good luck.
Typical rooftop solar system is doing 5-10 amps in the best of conditions. Good luck with that, that’s about good enough for your iPhone chargers, refrigerator, and lights.
Tesla and Ford have decided to form a joint venture making flux capacitors.
Rumor has it they can hold the energy equivalent of 1.21 Gigawatts.
It’s enough to get you into the next time zone.
Republicans make a move in response to NJ school segregation case . . .
https://newjerseyglobe.com/legislature/bramnick-backs-constitutional-amendment-that-require-students-to-attend-hometown-school/
Grim,
No one has to use all of those appliances at the same time.
Don’t dry clothes when charging the car, all kids are in the shower, and your wife is cooking an 8 course meal for her entire family while your A/C is on full blast.
Good luck with that, we now need to upgrade to smart-everything that communicates between devices to allow for proportional time sharing? Maybe in the next 50 years.
King Murphy will announce the NJ State Budget today at 2:00 pm.
Last year’s budget was $46.4B. Does this year top $50B?
During Christie’s tenure, we still had a sub-$30B state budget.
Flux Capacitors for sale:
https://www.oreillyauto.com/flux-500.html
Grim,
You learn really quick when your power keeps going out and you have to go down in the basement in the dark to reset your breakers.
Even a rat would learn that after 2 tries.
But we are talking about typical Americans who suffer when Whole Foods are out of stock of their favorite breakfast treat. It would be too stressful for them.
Maybe a script for Xanax to help with the anxiety.
Eddie,
Says it’s not available for purchase.
Must be Chinese made. With special rare earth components that they have cornered the market on :)
“It would be like building the entire nation’s electrical grid from scratch.”
grim, grim, grim, grim…..c’mon man, you’ve been around long enough…
For any rational human the effects of the massive new infrastructure required would be a fatal flaw…don’t be confused….for the American Left, it is the goal.
Think of all the new agencies to be created, the new rights and contracts to award, and the powers that would be newly vested in the Federal government…in them…this level of control is nirvana for this bunch of 3.0 GPA liberal arts majors, damn the cost to you.
Actually a higher cost to you, the citizen, is just an added bonus…more opportunity for them to carve out benefits to specific groups in exchange for other consideration.
What you logically see as an exorbitantly costly and technologically dubious non-starter is what they actually desire…dress it in the drag of climate change, gender equity, or any other sacred cow at the end of the day it is about them taking control, self determination, and ultimately your wealth from you.
They cannot do what you do, earn what earn, so they need to take and allocate. It is the only way they can prosper personally. In a truly free society? These people would be HS janitors.
Three years ago in 2019, Murphy announced at $38.6B budget.
The best part will be when they need to seize your property using eminent domain to add more power lines.
Crushed,
Forget about the budget. Anyone mention the deficit?
It’s the main breaker that would trip, not individual breakers. So yeah, you are doing it in the dark. Breakers are not intended to be control devices, meaning that they will fail prematurely as well. Keep in mind current electrical code would not permit this scenario.
I’m not sure how you control for domestic heat and hot water demand, especially with on-demand hot water.
So when you turn your hot water faucet on, and your lights go out, that’ll make perfect sense. You can’t take a shower because the car is charging, or the turkey is in the oven.
Bidens going to ban Russian oil. Announcement coming at 9:45
Just use the George Carlin method:
https://youtu.be/X29lF43mUlo?t=352
Shell is going to raise the price of gasoline. Announcement coming at 10:45
Actually a higher cost to you, the citizen, is just an added bonus…more opportunity for them to carve out benefits to specific groups in exchange for other consideration.
The fact that you used precious resources to type that entire statement, without any kind of land acknowledgement, is so very narrow minded of you.
Some resolve we have here in the USA. All I hear from everyone now is bitching about gas prices by entitled lazy people who probably spend more on Starbucks and fast food. They can’t handle the difference of about $540 a year?
Average new US car gets 25mpg. That’s 540 gallons at $4.00 a gallon (today’s price) equal to $2,160 gas cost per year to go 13,500 miles. So it went up a $1 a gallon. Cut down the size of your Starbucks coffee and eat less fast food, you will be healthier for it and can spend more time driving to the shopping center to peruse the choochkies made in china.
As far as EVs you need a crazy amount of infrastructure to support it. Two electric cars will triple your electric bill even if the infrasture was there to support it which it is not.
Kamala is an ass BTW, the worst kind too they preach while never riding around in an EV ever, and have a bigger carbon footprint than nearly every citizen including the wealthiest Billionaires. We now have have a fleet of about 1% electric cars on the road. Congratulations we did it..!! It will take decades to build up the infrasture alone, and it cannot be done without coal, natural gas and nuclear, and that is charging stations on the highways not in your garage. There is no way the utilities are going to replumb the electric on every street to support the amps needed, there probably isn’t enough copper and aluminum around for the wiring as we shipped it all to china.
HMB
Perfect. Just in time for the summer travel season.
Hey, might even be a stroll down memory lane, the odd and even license plate thing.
At least 10 gallons will get you much farther in an F150 today compared to 1970.
“as we shipped it all to china.”
Yes, we shipped. We shipped and outsourced everything.
We did.
The first step is admitting and acceptance.
Just let everyone work from home.
It will annoy certain people, and save energy at the same time.
A win/win.
And for those who have to drive to work, they should be able to write off their gasoline bill on their taxes. Are you listening Mr Biden?
Leftwing,
When it comes to government spending and anemic growth, the American Right has not just been many times worse than the left in my lifetime. But they have also left the bigger messes to clean up.
Now I won’t argue with you about how the Left spends their budget. Heck, I have progressive friends who will straight out tell you it’s better to provide unnecessary jobs for the unskilled then to just pay them to sit at home, which blows my mind. Or those that believe in UBI. But when it comes to spending and increasing the deficit, the Republicans have been the drunken sailors. And Dem presidents have experienced significantly better GDP growth to boot. So perhaps what you and I consider loony, is actually working!
https://tinyurl.com/GDP-Proof
https://tinyurl.com/Deficit-proof
The Biden White House inched closer Monday to a modest rapprochement with oil-rich Venezuela, a bitter foe due to the oppressive policies of President Nicolás Maduro, as it urgently sought ways to stave off the economic, diplomatic and political impact of soaring gas prices that nudged over $4 a gallon.
The potential thaw arrives as the White House sent a delegation to Venezuela over the weekend to discuss energy sanctions imposed by the United States several years ago and to address the fate of American citizens who have been jailed in the country, including six oil executives from Citgo.
Biden faced some strong pushback from allies on Capitol Hill. Late Monday, Sen. Robert Menendez (D-N.J.), the chairman of the Senate Foreign Relations Committee, urged the White House not to go forward with any kind of deal.
“Nicolás Maduro is a cancer to our hemisphere and we should not breathe new life into his reign of torture and murder,” Menendez said in a statement. “The Biden administration’s efforts to unify the entire world against a murderous tyrant in Moscow should not be undercut by propping up a dictator under investigation for crimes against humanity in Caracas.”
Gotta have the go-juice those homeless aint gonna run over themselves.
BTW they aren’t an issue in “my” town. We round em up and send them to Tacoma’
Eddie you are right. I agree if Trump were President right now, we’d be helping him annex Russia. Like a goooood neighboooooor
I guess O’Biden would rather have Venezuela starve babies to satiate the American hooples rather than prove that Trump was right yet again.
The Chinese will enjoy all of that Russian oil and gas at a very low price.
This will make the people in China very happy, they won’t have to burn as much coal, their skies will be cleaner.
It will lift some of their poor out of poverty. The products they make will be cheaper to sell in the market than American goods.
Biden, you have made China very happy. Well played.
How are we going to charge our electric military vehicles in the field of battle? Asking for a friend.
You can’t make this stuff up. Figures that Biden and the wine brigade would cozy up to Marxists. Let’s wait for Madura to show up at the UN and call us the devil. And when is he going to return so of the assets they stripped away when they nationalized oil. It’s just an unrelenting debacle.
Eddie,
With your flux capacitor. It runs on plutonium.
Figures that Biden and the wine brigade would cozy up to Marxists.
https://tinyurl.com/oh-the-hypocrisy
“There will be a global recession,” McNally said. “It’s pretty much lights out for the global economy if we ban Russian oil exports … The only thing would be demand destruction, which would be bone-crushing price increases. I don’t see any way out.”
For a “regional” power, as Obama called Russia, they sure seem to have quite an effect on the entire world…
Maduro/Venezuela.
It’s like the US posted a personal ad looking for a new dictator to love.
…Though I’m nobody’s poet, I thought it wasn’t half bad.
Btw, the final straw for Putin was apparently the “U.S.-Ukraine Charter on Strategic Partnership” signed by blinken in December. The build up commenced shortly thereafter. Either the woke brigade miscalculated or wanted this, you can decide.
Lib,
Awesome photo.
Van Straaten is a lawyer in the Netherlands and prefers not to talk publicly. Not only is the long arm of the North Korean regime a threat, but the Polish authorities have in the past not necessarily cooperated in clarifying similar cases.
On one hand, certain Polish companies view North Koreans as cheap labor. On the other, there is the regime in Pyongyang. Forced laborers are a welcome source of income. According to UN estimates, North Korea makes between $1.2 billion and $2.3 billion a year by sending its workers overseas to do heavy physical labor on farms or in factories. Professor of Korean Studies Remco Breuer has spoken of “modern slavery.”
More than 50,000 North Koreans around the world are believed to work in often even crueler conditions in more than 40 countries. For non-EU citizens, Poland issues five different types of work permits that cannot exceed three years, unless extended by the employer. So it’s not easy to say how many North Koreans are currently in Poland. In 2015 alone, 466 permits were issued.
Questioned by Die Welt, the Polish immigration authorities replied that they were not responsible for North Koreans. Breuer suspects that today up to 800 work in Polish plants. Although this number is small compared to the several thousand North Korean workers in China, Poland is still important from Pyongyang’s point of view as salaries are higher.
UK beat us to the punch, banned Russian oil.
They are not allowed to move freely within the country.
Follow-up reports were published in 2017 and 2018. The team from Leiden managed to conduct in-house interviews with North Korean workers in Poland. Concerned about their safety and that of their families back in North Korea, all the participants were cited anonymously.
They give an insight into a reality of life that is completely incompatible with European labor standards and prove that Polish authorities are apparently unable or unwilling to enforce them. For example, the North Koreans are not allowed to move freely within the country, limited to commuting between their shared accommodation and workplaces, including shipyards such as Crist, another in the western Polish city of Szczecin or farms in rural areas. There they receive “ideological lessons’ from regime representatives that are dedicated to dictator Kim Jong-un, and otherwise fiercely shielded from the outside world.
The labor itself is also extreme: six days a week, shifts of twelve hours or more, and the North Koreans only receive a very small salary to feed themselves — the rest goes to the regime in Pyongyang, and another small part to the families at home. All are held hostage, so to speak. If the North Koreans do not deliver in Poland, their relatives will be punished and threatened to be sent to a labor camp.
Yeah maintaining dialog was such a sin. Triggered all the deep state and neocons. You know, all the people pining for war.
Wasnt until 50 year politician and his quota appointees got in there that they got their way.
BidenIsTheGOAT
yup.
And there will be a next debacle. And one sheet that. Everything is compromised with a cadaver in the White House and lobbyists and wokesters running the show. They can’t react coherently let alone lead.
re: Biden banning Russia oil.
Just More political theater.
My understanding it has already occurred. The Russian tankers vessels from the Russian shipper Sovcomflot turned and went to other ports days ago. We banned the payments to them on Feb 24th and the tankers turned around.
They Russian oil will still flow, it won’t be going back into the ground. Right now three tankers are being unloaded off the Bahamas, ship to ship transfers etc.
https://www.ship-technology.com/news/russia-sovcomflot-re-routes-tankers-bahamas/
This kind of rhetoric should be reserved for a President. Reminds me of your co-worker who thinks they are your boss…
‘We will defend every square inch of territory if it comes under attack’: Blinken reassures Baltic states of NATO’s commitment to their security as Russia’s war with Ukraine rages on
Figures that Biden and the wine brigade would cozy up to Marxists.
https://tinyurl.com/5ckzrhnr
Njrereport posters missed the Nj home price boom. All 21 counties gained 9% or more in ‘21. Embarrassing for the contributors here, who sink into other topics. Tall pile of losers. Many renters post here. Priced out.
Where are NJ home prices going? I say 5% in 2022 on top of big huge time 2021.
Do Biden and Murphy have the same dentist?
re: UK beat us to the punch.
Boris wanted to hit the evening news at home before Biden. The Russian oil stopped flowing days ago to US, Canada and the UK as soon as the lines of credit were cut from the banks and payment was now cash in advance which could not be made either unless it was in a briefcase. The banning of payments to the shipper which amounts to something like $84 million dollars a tankers were cut off, and well the dock workers refused to unload it days ago as well.
China is happy to take the oil and will work out alternative payment options, all for a nice discount comrade.
https://gcaptain.com/china-russian-oil-tankers/
There’s no way Murphy has a dentist
I think we are just starting to enter the “fear” stage in the market. Should be entering the capitulation stage around 11K on the Nasdaq. Will be there before you know it. Thanks for the props yesterday Pumps. I’ve been around a while. Remember. It’s never different this time. People just have short-term memories and a complete inability to remove the cloud of bias from what is common sense.
Now for some good news. Markets either go Japanese and take 20 years to come back or the recovery is V shaped. I firmly expect this to be a rapid comebacker. Why? Because I expect Trump to be in office with complete control over all of the branches including the SCOTUS. Trump will do whatever is necessary (including disregarding environmental regulation, looting social programs, increasing the deficit and printing money) to restart the easy money market. Heck, he did this when it wasn’t necessary!
So one more huge easy-money making opportunity and then I highly recommend putting what you can into hard assets as it will be short-lived.
If you’ve got the cash to prepay, sounds like a great arbitrage play.
Lib, never mentioned spending or GDP…the only real comment I would have on your post is to not demean your own intelligence by promoting any conclusion from a GDP:party in the WH comparison as any conclusion drawn would not survive even the level of scrutiny given a 9th grade science project due to the outsize influence of exogenous factors.
My point is simple…control equals power, power equals money. Especially for people with no other demonstrable skill than accumulation of control. One side of the political spectrum substantially burrows into government control positions. That statement does not absolve the other side, but if anyone has an argument demonstrating the Right has a higher propensity to regulate than the Left I’m all ears….
Major boondoggles like a multi-decade makeover of the American electrical grid, the healthcare system, etc are catnip to the Left’s philosophy especially when it offers the Fed establishment agencies the opportunity to expand their powers.
And this is not a Dem/Repub argument, as I’ve said repeatedly I find them both reprehensible.
It’s a philosophical argument about who we are and who we allow to govern.
Biden already cut a deal with Venezuela I bet. US only cares if dictators invade other countries that have people who look like us. US don’t like that kind of competition. As long as we get to import cheap widgets and go juice and dictator only terrorizes own population all is well.
The Great Pumpkin says:
December 31, 2021 at 1:57 pm
Housing market starts to pick up this summer when people finally realize that housing prices are not dropping anytime soon…and each year they wait, they will pay more. Housing should go into mania stage in 2024 and pop in 2026.
Yo! says:
March 8, 2022 at 10:15 am
Njrereport posters missed the Nj home price boom. All 21 counties gained 9% or more in ‘21. Embarrassing for the contributors here, who sink into other topics. Tall pile of losers. Many renters post here. Priced out.
Where are NJ home prices going? I say 5% in 2022 on top of big huge time 2021.
“That statement does not absolve the other side, but if anyone has an argument demonstrating the Right has a higher propensity to regulate than the Left I’m all ears….”
None. But looking at GDP Growth and deficits. One might want to investigate whether there is any correlation between regulation economic growth. Perhaps slow and consistent slow growth is better in the long-term than this unfettered unregulated bullet train of growth? It does appear that when we water down certain regulations, like Glass-Steagall, it leads to huge damage to society. Believe me, the fiscal crisis hurt the average American more than it hurt the wealthy American. I think we are seeing the same thing with the neither party willing to exercise anti-trust laws. If Amazon continues to grow at its current rate, they will become the only game in town for consumer commerce. What’s the solution when no one has a job except those who work for Amazon? Nationalize Amazon? Seems an awful lot like socialism.
Biden has been abhorrent in every way. I expected this. This is truly the Dem establishment in power. And I’m not talking about the woke stuff or social policy. It’s his complete inability to lead and his continued lack of decision making as well as poor decision making. Personally, I align more with Democratic Socialists. Would have loved to see what the Bernie revolution would have done. Or really, any of the non-anointed.
Perhaps, your statement speaks to the establishment Democrats. Don’t worry though. They are digging an early grave for themselves. As usual, all you need to do is let them lead.
Locking gas caps going to make a comeback.
Or you can just drill a hole in the bottom of these cheaper plastic tanks on the new cars.
Pumps. It’s coming sooner. I think housing pricing madness ends with this recession. Spending is spending and deep recessions even curtail real estate spending. Interest rates continuing to drop after housing bubble helped the recovery. This won’t happen again. Though, I don’t expect housing prices to drop. Just to stabilize and in a few years, return to the traditional 4% annual growth rate. People can only buy expensive houses if they can 1) either afford them. Or 2) can highly leverage into them. Both of these options are about to end with the coming deep recession.
May be it’s time to purchase a moped?
Close to WW3, stock market looks like it will tank, rising interest rates and 2 consecutive years of record housing appreciation, are you kidding?
The Great Pumpkin says:
December 31, 2021 at 1:57 pm
Housing market starts to pick up this summer when people finally realize that housing prices are not dropping anytime soon…and each year they wait, they will pay more. Housing should go into mania stage in 2024 and pop in 2026.
Lib
E bike. They fly. Just ask Simon Cowell.
Beer- “Biden already cut a deal with Venezuela I bet”
Good news is Venezuela’s annual inflation rate hit 686.4% in 2021, that’s compared to 2,959.8% in 2020. They had to slash off six Zeros on the currency last october and a million bolivars became just one.
Only other good news there is gas is like 10 cents a Gallon for the locals and $2.00 a gallon for visitors.. BTW cash US dollars is king. U.S. dollar is being used in more than 60% of transactions in Venezuela, you can use the bolivars at the government stores.
Will be a nice place to invest once the deal is cut. Think of giving them access to credit again means lots of inflows of money and well investors.
Libturd says:
March 8, 2022 at 10:46 am
“Personally, I align more with Democratic Socialists. Would have loved to see what the Bernie revolution would have done…”
Pathetic! Bernie would’ve made SlowJoe seem competent. Instead of Karmella he would’ve chosen Lori Lightfoot or AOC as his Veep. Just throwing around names of leading Dems illustrates how utterly incapable they are of providing good governance. When Joe is considered too mainstream and Dem voters yearn for Bernie, you know they’re lost. Thank goodness Lib is heading to Costa Rica and not Texas. Our only hope is that more of the old Dem voters self-export, and don’t destroy the highly functional red states like they’ve already done to the sclerotic blues.
You are the man. Thanks again for your help!
“Thanks for the props yesterday Pumps.”
Yea, recessions, esp bad ones, will do that. I agree with the post.
Libturd says:
March 8, 2022 at 10:52 am
Pumps. It’s coming sooner. I think housing pricing madness ends with this recession. Spending is spending and deep recessions even curtail real estate spending. Interest rates continuing to drop after housing bubble helped the recovery. This won’t happen again. Though, I don’t expect housing prices to drop. Just to stabilize and in a few years, return to the traditional 4% annual growth rate. People can only buy expensive houses if they can 1) either afford them. Or 2) can highly leverage into them. Both of these options are about to end with the coming deep recession.
The world has changed since I made this call.
At the end of the day, we will not see a major correction to pricing. Too much demand and now that stock market is in trouble, money will flow to real estate for safety.
Old realtor says:
March 8, 2022 at 10:56 am
Close to WW3, stock market looks like it will tank, rising interest rates and 2 consecutive years of record housing appreciation, are you kidding?
OIH up another 8%…
“I think we are just starting to enter the “fear” stage in the market. Should be entering the capitulation stage around 11K on the Nasdaq.”
I don’t see a way we avoid recession. Run the scenarios, and I just don’t see how….and that was before the conflict.
On the other stuff I can’t debate growth…tearing up the existing electrical infrastructure to replace it actually would likely show incredible ‘growth’….just like the Soviets used to show incremental GDP when they paid one shift of workers to tighten 400 bolts and the next shift to loosen them….
The point I was making is that these projects appear logically, technically, and economically irrational until one understands the point is not the grid, growth, or even the climate but instead control…viewed through this prism much irrational behavior by the Left and Feds makes sense….consolidate control and power in government and DC…if the actions getting you actually helps the populace well, that’s OK too, but not the primary endpoint….
We make generational wealth in the worst recession we will ever see then we lift the lows and compound returns for the next 20 years.
Want to treat your girl to something expensive? Get her a full tank of gas.
re: purchase a moped.
I converted my mountain bike to an e-bike last summer for the extra range and assistance on hills. A simple rear wheel swap, battery mounting, and some new grips, and a small computer. It can go pretty fast with pedaling 33 mph, fast for bicycle and without pedaling a 25 mph. I have done 25 mile round trip to the beach and back is no issue. Not a daily commuter but fun for a weekend afternoon.
BTW Simon Cowell was riding an $20K e-bike with hydraulic disk brakes and a 15,000 watts of power from the electric hub motor. Just for reference my motor is 1000 watts and can go over 30 mph, his bike is like comparing a funny car to a regular car, he never should have bought that bike and was a fool to try and even use it it was not designed for anyone but pros.
|
CSC makes great e-bike conversions, or you can splurge and buy one already built.
https://www.amazon.com/CSCbike-Conversion-Mountain-Electric-Controller/dp/B093BQ6VT3/ref=sr_1_3?crid=209PVN7XVKROQ&keywords=rear+wheel+ebike+CSC+29+inch&qid=1646755959&s=sporting-goods&sprefix=rear+wheel+ebike+csc+29+inch%2Csporting%2C58&sr=1-3
Great news! This makes my life so much easier.
Covid continues to fizzle-out in US as cases drop 41% in a week and CDC chief agrees virus will likely become seasonal illness similar to the flu
Pumps: Seriously, you need to really take a step
Back, you have no idea how it’s all going to play out , Lib , Left, and Od painted the picture for you , yet now that the stock market party is over, you transfer it over to real estate for safety. People will be prudent going forward and will be cautious, not committing to a huge purchase like real estate with all this uncertainty, especially in light of we more than likely will go into a recession.
110 posts before 11:40AM?
“I expect Trump to be in office with complete control over all of the branches including the SCOTUS. Trump will do whatever is necessary (including disregarding environmental regulation, looting social programs, increasing the deficit and printing money) to restart the easy money market.”
Why would the Dems not play same game to juice economy before election? Dems did start QE programs in 2008 or 2020. Trump go us into the inflationary mess with unchecked trillions in socialist bailout. He pumped up Putin’s ego by s&cking his c&ock at every turn and see where it got us today. This has been building since 2 years ago when Trump used debt as over-response to fear of losing election. 2T straight to debt without any reduction spending. He called Powell enemy and Oz moved rates back down in 2019 then did massive QE to control repo rates. Guy is a reckless moron.
Dems did not start, I meant
Lib: If we go into a major recession house prices will be going down in my view.
Dedicated to Fast Eddie:
https://www.youtube.com/watch?v=MjoLh1tAOFM
I am from Flushing….. you meant a “no fry zone”.
Phoenix says:
March 8, 2022 at 7:44 am
Chinese won’t be part of a no fly zone.
They know how to play the game.
Give credit where credit is due.
Why would the Dems not play same game to juice economy before election
They did exactly that. It was a new trillion proposed every month last year. The problem is, the fed is now cornered between a rock and a hard place. Inflation is out of control and those factors are eating into stocks. Print and run is only a viable strategy after the collapse with demand destruction IMO.
Silver has a 6% gain in a day. If conspiracy theorists over the past 20 years are right, you might see the same thing happening that happened in the Nickel market.
jj says:
March 8, 2022 at 8:20 am
Don’t corner a rat, give your enemy a golden shower to retreat on (Sun Tzu).
BRT,
Not sure when we get to destruction phase. Personally, I don’t the Fed / Central banks globally/PPT will just ride off into sunset and let stock market collapse. We saw rules change on short-selling, MTM and all other tricks to keep market moving up. They will manipulate in many, many ways and the big boys will play along to gain more and more wealth.
I don’t know what it is, but you want real estate to crash. That’s the only reason you always bust my balls with WFH and then you accuse me of being against WFH for personal reasons. Again, I just like analyzing trends and being correct, but you seriously have a personal issue against real estate.
3b says:
March 8, 2022 at 11:37 am
Pumps: Seriously, you need to really take a step
Back, you have no idea how it’s all going to play out , Lib , Left, and Od painted the picture for you , yet now that the stock market party is over, you transfer it over to real estate for safety. People will be prudent going forward and will be cautious, not committing to a huge purchase like real estate with all this uncertainty, especially in light of we more than likely will go into a recession.
Pumps: I did not mention WFH, but you bought it into the discussion.
What I said was you can’t seriously talk about house prices and a recession, perhaps a very severe one. You should be able to take it from there.
As for real estate crashing, yes, hopefully it does, so the young people have a chance going forward. You on the other hand don’t. My fault for engaging with you, even though I did not bring up your boogeyman.
Here comes the rally.
This market is destroying bulls and bears traders. Unreal. This is a market you don’t trade.
3b, when is the last time you saw a real crash in the real estate market? Now why?
Got the soil samples pulled from around the tank. Visually and odor wise, they look good. Sewer pipe is tomorrow.
3b, you could be right about price dropping, but I still see massive demand, especially for the slightly lower priced stuff. Like 72 bids kind of demand. Plus the limited supply due to material costs and supply chain issues. If recession is real deep and lasting (rare event unless this is the great restart) then yes, prices would definitely drop, even gold lost to value due to inflation in the first few years of the great depression.
When I left my house this morning, Nasdaq was down 1%. When I got back home 90 minutes later, it was up 2%. Took the golden opportunity (sell the news) and unloaded another 10% of positions. Now sitting at 20 long/80 stable, for those keeping score at home.
Will share the multi sale details as soon as I legally can.
BRT, are you the guy who went by the name The Lone Ranger and would keep on saying High-oh Silver! ?
I actually owned a silver ETF in my PA way back about 12 years ago and sold it within an hour of the absolute top (I think on April 21, 2011), one of the very few times in my life that I’ve ever perfectly timed a trade, personally or professionally. Normally you leave some money on the table one way or the other. Then I discovered that the taxation of metal ETFs was very unfair and vowed never to buy them again. Of course in hindsight I did leave money on the table. I could have bought $1m of Silver ETF to get a 200% return on. Or I could have bought a huge sum of options. Real investing is a game of limiting errors more than getting rare big wins like this.
Imagine if Pumpkin had ever made such a trade. We’d be hearing about it every day for the rest of his life.
Lib: You May be right, but , I am skeptical. We will see how it all plays out. We are certainly over due for the great reset! Good luck with the multi. I think you timed it well.
nah, but I’ve been a silverbug since 2001. I’ve just been stacking. I didn’t sell at $50, even though that was a target because I thought it was going much higher. It just sits in safety deposit boxes and safes for me. I envision, just passing it on like my grandfather did to me. The taxes are very unfair.
This market is destroying bulls and bears traders. Unreal. This is a market you don’t trade.
If you are leveraging one way or the other in the market, you deserve to get smoked. Unleveraged trades you can hold through the volatility.
Wow, Poland will provide all their Mig 29’s to Ukraine via Germany
Here’s the thing with housing. It’s not like the stock market. It’s not easy to buy and sell like a stock (you can’t just rapidly sell it an emotional panic like the stock market) People need a roof over their head. You can always use real estate to rent and create some kind of income. Real estate is the best inflation hedge out there.
So at the end of the day, the rich are never going to let it crash. Why? If real estate goes, everything goes….aka end of the economy. Aka the rich lose it all. If you think they are going to give up their power that easily, you need to think it over again.
That’s why I asked you…when was the last time the housing market actually crashed? There is a reason why.
3b says:
March 8, 2022 at 2:04 pm
Lib: You May be right, but , I am skeptical. We will see how it all plays out. We are certainly over due for the great reset! Good luck with the multi. I think you timed it well.
Damn, hitting Russkies hard now. No Big Macs.
Monkey’s def related to us, because we are just as messed up as them.
https://www.the-sun.com/news/4798271/families-horrified-monkey-chester-zoo-maul-traumatised/amp/
“This is the second worst start of the year for US equities in 123 years.
For context, the -11.9% drop in the first 44 trading days in 2022 is only rivalled by the 1920 Great Depression and the Great Financial Crisis.”
Link for last post.
https://twitter.com/macroalf/status/1501263319222603783?s=21
Murphy has decreed a state budget of $48.9B.
That’s $5,400+ per resident (man, woman, child) for just State operations. Not including county, muni and local school spending.
We might not cross $50B next year, but we’ll surely get there within 2 years. As someone who is aware that the budget was being released today, I obviously strongly disagree with the leftist priorities of this budget.
Gas is $4.09 a gallon in my town. It was $3.59 last Friday.
2:33 they think it’s best I
Suppose as they could be next on Putin’s list to invade
$4.29 here.
Though, my BP me app is giving me 15 cents off a gallon. My credit card gives me an additional 6% off, so I’m still well under $4 for now.
US is going to trade them for F15’s, which makes sense since US is bound to now have a huge presence in Poland going forward.
Moldova (Transnistra) was next on the list, but looks like that’s on hold at this point.
“The Kremlin spent the last 20 years trying to modernize its military. Much of that budget was stolen and spent on mega-yachts in Cyprus. But as a military advisor you cannot report that to the President. So they reported lies to him instead,” wrote Kozyrev.
Wonder how long before those oligarchs start having odd accidents or getting injected with plutonium. Putin is not happy.
“This market is destroying bulls and bears traders. Unreal. This is a market you don’t trade.”
Only reason I’m breaking my ‘no-reply zone’ is so you stop saying things like this out loud repeatedly…..uhhhmmm….where do you think traders make money?
In markets that are flat with months of less than 0.1% moves daily? Or markets where shit moves all over the place?
Hmmmmmm….
Lefty,
Be serious, these people are getting killed with these swings. You can’t trade this market, esp when on margin. Be real..
Sure, the pro’s are killing it, but how many people are pro traders? Retail traders are getting destroyed right now.
I wonder how much BRT lost…he won’t tell us, he only tells us his wins.
Trading is f’ing hard. Not many survive it. Even the pro hedge funds are better off playing it long as buffet’s famous bet showed.
So the Dow fell 900 points into the close basically. Perfectly normal.
Need to make a $10-15k deposit into my son’s 529 – let me know when I should pull the trigger.
Son’s super young, right?
Fund it and drop it in a cash option. Watch the lines Lib drew on the equity indices. At some point those lines will stop making lower highs and lower lows and reverse. Sometime around that throw it into the equity option.
And don’t worry about timing, no one ever hits the low on the buy or the high on the sell (except Pumpy who was buying shit spec CW companies at an absolute and relative high).
Especially with his age. If you even come close on entry – like just hitting the wall the dartboard is hanging on – he (and you) will be fine…
Leftwing is correct. I’ll let you know, even if we missed the bottom. I’ll bet you we’ll be closer to the bottom than the top. That’s all that matters as this will put you in better shape than half the investing population. We’ll, more than half, as most will be afraid to put money in when I’ll tell you as they will think the world is ending and will miss the recovery. It’s the same every time.
Yeah – 2 and a half, got plenty of room to run.
Nailed my daughters timing, she is pretty well situated at 9. My work there is done.
“So the Dow fell 900 points into the close basically. Perfectly normal.”
So the government gave nearly every American family between $5,000 and $10,000. Perfectly normal. Especially when less than 20% of the American population was negatively impacted economically from the pandemic.
Hope that 5 to 10K was worth the recession we are about to enter. Hope you don’t lose your job.
If Biden won’t open up Keystone XL, maybe he can at least end our embargo against Cuba.
One would hope that some behind-the-scenes moves are being made right now on this front. A few things are lining up for this if Biden or the deep state or the right corporations want it . . .
-Nickel hit a 30-year high today (destroying prices achieved in previous run-ups)
-Cuba has 6% of global nickel reserves
-Fidel Castro has been dead since 2016
-the US and its allies seem to be lining up to oppose Russia rather than the usual, maligned pariah nations (Venezuela, Iran – recent fueding with these nations are swifty forgotten because Russia and Ukraine actually have a marked impact on certain global commodities markets)
-Florida in 2024, if Trump or Desantis run, is not a swing state anymore so no need to placate the old Cubans in South Florida for purposes of Presidential politics
Don’t blame me though. I didn’t get a penny. My rental income screwed me, regardless of carry costs.
A cutting edge cybersecurity firm entered into an acquisition agreement today with Google.
The valuation was 5x of just nine years ago, a very respectable return.
When the parent company went public in 2013 it was a hot IPO…Morgan Stanley, Goldman, and JP Morgan were the lead underwriters. The IPO was so strong the number of shares offered was increased from 14m to 15.8m. The offering price was increased from $14 per share to $20 per share.
On the first day of trading the shares went from $20 to $40 and closed at $36. That’s a 75% return on the first day on an upsized IPO.
Crazy ass success.
This company’s trajectory is the pathway for the companies in the CW ARKK portfolio.
https://imgur.com/a/sEWBK1W
Yup, I didn’t get a penny either. I know so many that did though. Bragging about how much money they were getting. Party on, Garth! Party on, Wayne! Now they are all going to cry.
Meanwhile, while they are crying, I’m positioning myself to take full advantage of this bear market. Not trying to sound insensitive, but it is what it is….an opportunity to make money as the market resets.
libturd says:
March 8, 2022 at 6:07 pm
Don’t blame me though. I didn’t get a penny. My rental income screwed me, regardless of carry costs.
Yes, that’s the thing with her funds. Its the closest thing to a public venture capital fund. A lot of them will never make it for whatever reason, but the ones that do pay the f’k out. Not trying to hit singles, trying to hit hrs at every at bat.
“This company’s trajectory is the pathway for the companies in the CW ARKK portfolio.
https://imgur.com/a/sEWBK1W”
You’re a fool. LOL
And I think she understands the world of tomorrow. She might be early, but her themes she is focusing on are dead on. That is the future. DNA type stocks are going to change the world sooner or later. Only a matter of time.
She focuses on investing in fixing problems. It’s a winning strategy in normal times (uptrend market) but is not good in a market that is being eaten alive by inflation in energy and foods.
Why I love ark g…tell me this won’t win long-term. It’s the f’ing future.
“Genomic Revolution
Aims to provide exposure to DNA sequencing technology, gene editing, CRISPR, therapeutics, agricultural biology, and molecular diagnostics. These innovations can help us restructuring health care, agriculture, pharmaceuticals, and enhancing the quality of life.
Strategy Description
This actively managed equity strategy seeks long-term capital growth by investing in the US listed securities, including ADRs, of companies focused on the genomics revolution. Companies within this strategy aim to capture the substantial benefits of new products and services associated with technological and scientific developments in DNA sequencing, gene editing, targeted therapeutics, bioinformatics, and agricultural biology.”
QED. You’re a fool.
You understand her largest ‘genomics’ holding has nothing to do with genomics? They are a 20 year old glorified industry specific call center….
And as I and the others on here who have experience in the capital markets have repeatedly said her phantasmal claims and statements of future performance are flat out against multiple regualtions…which she recognized in her most recent interview (posted here by you, dumbass, lol) when she openly stated that her own compliance department told her to STFU.
You are following a life long piker, who spews feel good statements in a market lifting all boats enabling her to believe she is some genius….
In other words, she and you are the same. LOL.
Except she was able to fleece many millions of you out of many hundreds of million dollars of fees for her BS. While you sit at home in Wayne paying those fees and her homage, waiting for contractors to photograph the fantastic ‘columns’ on your suburban NJ haven….
Fool. Ef. Oh. Oh. El. F-O-OL.
Agreed. Don’t see how competition catches up to DNA. Building a moat as we speak due to QE ending tomorrow. Tightening liquidity.
“One great concept from @jrkelly during the Cowen conference. The bear market in biotech takes out the potential of competition as no new competitors will find funding to compete with the current companies. This is good for all our companies as emerging competition is stopped.”
https://twitter.com/biotech2k1/status/1501327569563656199?s=21
https://twitter.com/biotech2k1/status/1501327569563656199?s=21
I wonder how much BRT lost…he won’t tell us, he only tells us his wins
It’s really amazing how I’ve been shorting tech stocks since December and you think I’ve lost anything.
We will see lefty. You really act like she is an idiot. She has skills. Stop acting like she doesn’t. She invests in a highly volatile platform and has performed most years. People act like she is some dummy, meanwhile she is highly experienced and really intelligent.
Fair enough.
I’ve just learned to never believe a gambler that says they never lose..
BRT says:
March 8, 2022 at 7:37 pm
I wonder how much BRT lost…he won’t tell us, he only tells us his wins
It’s really amazing how I’ve been shorting tech stocks since December and you think I’ve lost anything.
left: just looking at the banks; you got to figure that between the instant insolvency of the Ruskie exposure, and prime brokerage counterparties, someone must have blown some holes in their books. The stocks wouldn’t have reacted like that…… how many days until we hear of some implosions of hedgies? WTI… it was going to $100, but it has an extra $25-$30 from Ukraine? someone had to be seriously offsides…. perfect example BAC? I thought they were NAmerica-centric?
Anyway, we need to wait until roughly 4/15 when JPM et al. come forward with 2Q22.
leftwing says:
March 8, 2022 at 5:00 pm
“This market is destroying bulls and bears traders. Unreal. This is a market you don’t trade.”
Only reason I’m breaking my ‘no-reply zone’ is so you stop saying things like this out loud repeatedly…..uhhhmmm….where do you think traders make money?
In markets that are flat with months of less than 0.1% moves daily? Or markets where shit moves all over the place?
Hmmmmmm….
How is teladoc relevant to genomics?
I know you have no short term memory. I posted that I got creamed (Jan 28th) when ARK ran from 66 to 77 in a few days. Didn’t matter. It’s at 58 right now. It’s hard to lose when the market is going one way.
I posted my buys/sells in SMH, HD, BRK, XOM mobile in 2020. I posted my Apple buys in 2021 after they declined to 120 on great earnings. I held most of the year posted all my sells in Nov 2021-Jan 2022. Sorry, to bust your bubble, but it was impossible to be a loser from March 2020 to 2021. It was a little easier last year but the reality is, it was just a holding year for the most part. And I cherry picked the top to start shorting.
But yes, I won’t be posting all my trades moving forward because I’m too busy making money.
Teladoc is to genomics the same way John Deere is too space.
What happens to teladoc when the covid telemedicine waivers don’t become permanent?
Grim,
You are not going to like the answer, but she knows more than us. She is just way ahead of the game. Problem is, she is so ahead of the game that avg people think she is insane. That’s how you know she is a winner. If people don’t think you are insane in this part of the market, you have no business in disruptive tech. She knows her stuff, I will not question her even when the market is punishing her. She was on faang before anyone else. She was on bitcoin before anyone else. She was on tesla (electric vehicles) before anyone thought electric vehicles could take the market. I don’t f’k with someone that has been this correct over the lomg-term.
Just understand she will never sell and change positions even when the market is turning against her. You have to sell high when this is obvious, but not to her because of her convictions.
Pumps. I am probably wasting my time again, but let me try to explain what Cathie Wood is to you. I guess I’m a glutton for punishment.
Are you familiar with Motley Fool? I know you are, because you read stock forums. Otherwise, you would have never heard of Nate’s pancake in a can turned crypto miner. Nonetheless, Motley Fool posts these dramatic sounding newsletters that they get suckers to subscribe to. How do I know this? Well this marketing scheme has existed since the first game of Three Card Monte. They post something similar to the following:
Only twice in our thirty year history have we ever announced an atomic, must buy, sell-your-oldest-daughter-into-the-sex-trade, back up the armored truck, Fort Knox, double-dog dare you must buy stock. Then they go on to tell you how this tiny company has already grown 1,000% since going public, yet the stock has only doubled, but will surely increase like Netflix and Amazon in the following year or two since blah, blah, blah. They even claim that the return on the last two atomic, must buy, sell-your-oldest-daughter-into-the-sex-trade, back up the armored truck, Fort Knox, double-dog dare you must buy stocks are now 490%. And they are not lying. Best of all, if you subscribe to the newsletter for $45 a month. You get this pick as well as their monthly, don’t pay your mortgage, eat cat food, recycle your used toilet paper so you’ll have enough moolah to participate in our Astonishing Seasonal Pick, which has returned 50% annually on average. And they are not lying.
How are they so successful and why are they giving the house away for just $45 a month? The answer is simple and you have no clue what it is. But I’ll save you that $45 a month. The answer is, that the world is filled with suckers like you. But rest easy, you are not alone. There are probably a few others here who are equally as easily duped. But again, how are they this successful? It’s incredible that they can claim such returns and Libturd claims they are not lying. Well that’s because they aren’t. But don’t send in your money just yet. Before I explain why, you must first ask yourself, if they can get these guaranteed returns, why do they need your $45 a month? The answer is, because they are no different than you and me. How so?
First, that atomic, must buy, sell-your-oldest-daughter-into-the-sex-trade, back up the armored truck, Fort Knox, double-dog dare you must buy stock can be any stock whatsoever. They achieved that 490% return by:
1) picking nearly any stock in 1980 and waiting for it to appreciate for 40 years.
2) they have 1,000 differently named picks and the atomic, must buy, sell-your-oldest-daughter-into-the-sex-trade, back up the armored truck, Fort Knox, double-dog dare you must buy stock was the 1 of the 1,000 that they got lucky on (this is what sports betting tips guys do too). This is also how they came up with their monthly, don’t pay your mortgage, eat cat food, recycle your used toilet paper so you’ll have enough moolah to participate in our Astonishing Seasonal Pick, which has returned 50% annually on average.
So what’s my point? Cathie Woods did the same thing. She picked a sh1tload of stocks about a decade ago and lucked into a couple of monsters. She then convinced a sh1tload of fools that every stock in all of her funds will do as well as the monster or two that she lucked into. Where Cathie Woods is brilliant, is in her marketing. I’ve happened upon a couple of monster stocks over the years. Chipotle for example (just ask ChiFi?), but I find most of what Wall Street does immoral. So should Cathie. But she really is a brilliant one. Especially using religion to make her appear less immoral (naming her funds after biblical items) to part more suckers from their hard-earned dollars.
I know you can’t see it for what it is. That is okay. You are not alone. The entire world has been duped by Wall Street. They have us all convinced that they are these brilliant masterminds who are so smart and so hard working that they, and ONLY THEY can understand the use of their products. Best of all for them, they have the wealthiest clients. Mostly high-income clients and high-income governments. I have a lot of friends who work on Wall Street and make A LOT of money. Fund managers, accountants, analysts, etc. They all have three things in common. They all dress for the part, are aggressively over-confident, and they all talk such a good game that they actually believe their own bullsh1t. Some happen to be quite intelligent, I won’t lie. But there is nothing really special that they do besides package and sell debt (leverage). They are the moneychangers of the modern time. And they have the vast majority of us fooled.
Good luck Pumps. You are going to need it. And here is one other clue. It’s okay to admit you’re wrong.
It’s also OK to wonder into the woods and never be heard from again.
7:20 Not acting because Russia might act is weakness.
The air space over Ukraine is not Russia’s to contest.
At the least, Ukraine could be supplied with air power and more surface to air capability.
Ukraine is showing great resolve while being abandoned by Europe.
In fact, it’s possible the western powers have become so soft and so rich, Ukraine is showing a mettle Germany and France simply no longer have.