From NJ1015:
NJ foreclosure rate 2nd-highest in U.S. for March, and all of Q1
New Jersey trailed only Illinois for the highest foreclosure rate in the United States over the first quarter of 2022 as backlogs from pandemic moratoriums continued to clear, according to a report released Thursday by ATTOM Data Solutions.
One in every 792 housing units was in foreclosure here over the first three months of the year, a 69% increase from the fourth quarter of 2021 and a 312% increase from a year ago.
The Garden State’s second (or second-to-last) place ranking also held true for the month of March alone (1 in every 2,022 units), according to ATTOM executive vice president for market intelligence Rick Sharga, who said “normal” foreclosure levels won’t be seen again in the U.S. until at least the end of this year, or even early 2023.
“In a normal market, about 1% of loans are in foreclosure over the course of the year, and during the pandemic that dropped all the way down to about a quarter of a percent, so we have a lot of catching up to do just to get back to normal,” Sharga said.
“The states with the highest levels of foreclosure activity right now are also the states that had the highest levels of foreclosure activity a couple of years ago. So this isn’t, again, a sign of any new problems,” Sharga said. “States that do foreclosures through the court systems, and Illinois and New Jersey are two of those, tend to have more backlogs because it takes longer to get these foreclosures processed through the courts. The courts themselves are backed up right now.”
New Jersey benefits in some ways by being bracketed by New York and Philadelphia, according to Sharga, but when it comes to foreclosures, its positioning is a mixed blessing.
Case in point: another second-place ranking, as the Atlantic City metro placed behind only Cleveland, Ohio for first-quarter foreclosure rate in areas with a population over 200,000 (1 in every 600 housing units in foreclosure).
Sharga reminded residents that statistics like the 188% jump in foreclosure starts from the beginning of 2021 to the beginning of 2022 may look “frightening,” but that’s coming off historically low activity.
First
Any local lawyers want to represent me in deposition in a corporate lawsuit? I’m not a party, only a witness.
Damn you got that fast.
I”m moving out!
https://nypost.com/2022/04/25/majority-of-garden-staters-want-to-leave-nj-despite-enjoying-quality-of-life-poll-finds/
Grim ask you former employer to pay, it’s in their interest to do so. I am assuming here HR flagged you as a reliable honest witness for them.
Been to a few of these for former employees, one crazy one was a guy who sued for racism. I think after the deposition was over his attorney wanted to quit, as our Attorney asked about all the lies he was telling at work, like how he was getting special cash bonuses, and how he was promised an office etc, and why he was never at his desk because he was too busy in another dept hitting on both men and women.
Yes. No. I don’t recall.
Unless you want a finger on the scale in which case you may answer to elicit a further line of inquiry from your response. :)
Absent some real fear of personal culpability somewhere not sure as a witness you need counsel…their latitude in depositions is somewhat limited (eg, objections)…plus the two opposing counsel will serve to keep each other in line…
Bring no documents, keep to the three responses above, answer only the specific question asked and then stop talking, make them rephrase any inquiry if you don’t like the form (“I don’t understand the question, could you please rephrase it”), and don’t be afraid to take a look at their cards if the line of questioning doesn’t feel right (“I don’t specifically recall, do you have any documents or materials that may help me answer your question?”). Keep their questions focused (“I can’t answer the question, it’s too broad, could you narrow the scope?”). And don’t speculate, “I don’t know” is an acceptable answer.
At least that’s sum of the experiences and advice from counsel I’ve had, personal and corporate….
Bezos have some no longer richest man envy , in addition to my rocket cannot take paying passengers to the ISS for a 15 day vacation. Amazon would have never made it without all the cheap Chinese crap they sell. Who is he kidding here?
Jeff Bezos shared a tweet suggesting China may gain influence over Twitter once Elon Musk buys the company, hinting at Musk’s business ties to China.
the Saudi’s already demonstrated that they have their influence on Twitter. If Musk’s intentions are genuine, this is the better scenario.
Twitter is officially blocked in China, as well as Iran, Myanmar, North Korea, Russia, Turkmenistan, and Uzbekistan . The people living in those countries have no idea what happens on for the most part on western Social Media other than their army of hackers who spend their days trying to spread disinformation.
I spend some time looking at updates on Twitter the amount of non-verified bots spamming the feeds makes it almost useless. Verifying human accounts for twitter will go a long way to cleaning up the conversation and eliminating the posting spam.
There are only 360,000 Blue Checkmark verified accounts. That is only 0.2% of twitter’s 199 million monetizable daily active users.
“Twitter is officially blocked in China, as well as Iran, Myanmar, North Korea, Russia, Turkmenistan, and Uzbekistan .”
Don’t forget it is blocked for around 25% of the US population as well….granted, of which 10% surely ought to be blocked but still leaving a sizable portion of the US citizenry voiceless on there.
Bezos came back later to save himself after thinking about it for a bit.
https://twitter.com/JeffBezos/status/1518734031566778368?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1518734031566778368%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffortune.com%2F2022%2F04%2F26%2Fjeff-bezos-musk-twitter-china-censorship-leverage-tesla%2F
BRT: as I understand it, the Saudis are opposed to the Twitter deal, but don’t own enough shares to prevent it.
The only soc1al platforms that matter are the ones that feed lesser minds with collective anger in order to establish a collective society which redefines achievement and success comparable to that of watered down skim milk.
Since it seems now that some of you are opening up to Musk (I’ve been a musk supporter for some time). Do you now finally realize that climate change is a problem? Being that Musk takes climate change seriously and is trying hard to do something about it, can you now get on board that it is a real threat to our present and future?
And can you please readdress your positions that climate change is beneficial to our future when it comes to growing food?
If you can open your mind and now side with Musk, how about opening your mind some more to how wrong you are when it comes climate change?
If Satoshi is alive, his net worth is at least $40B.
If Satoshi is dead, his heirs’ net worth is at least $40B.
Grim ask you former employer to pay, it’s in their interest to do so. I am assuming here HR flagged you as a reliable honest witness for them.
Surprisingly, that’s not actually a feasible option, given I was actually subpoenaed by the plaintiff. As I understand it, their outside counsel can’t represent me, and they are not permitted to pay for my outside council without it looking like some sort of impropriety. It’s a trade secrets theft case between two competitors, I am bound by a separate confidentiality agreement, which makes things tricky, and I now work for a competitor of both parties. I’m not being implicated as a defendant, but the plaintiff believes I might be adversarial towards my former, which might help their case. I get to be a pawn between two BSDs. It’s a hairy situation, and there are potentially big dollars on the line. My lawyers are frankly way too expensive to use sitting through a deposition, not to mention they are based in another state, and traveling for this is likely not an option. Case is in federal court, they are all flying up to Jersey just for me. I can’t imagine what this is costing them.
Hmm. Should I close out my SPY short and re-enter at 44XX? *shakes ball furiously*
Grim,
The hits just keep coming on my home front. Two more frigging headaches to deal with, but no need to share.
I’ve been involved in deposition a few times. My lawyers gave me similar advice to Lefty’s. Say as little as possible. Lot’s of yes and no. Don’t give details. Yes and No. Or I don’t know. Never speculate. Act like you are a dummy (or a congressperson). Don’t sweat it if you are just a witness. Lawyers like to spend their client’s money. That’s why they are coming in person, most likely.
I see the Nasty is very close to it’s 2022 low again. How could this be?
Musk deserves no respect. He lies and can’t be trusted. He promotes valueless crypto on Saturday Night live for personal gain. He is brilliant, for sure. Sadly, he mainly uses his brilliance to extract dollars from your wallet to place into his. Why people adore him is beyond me. His cars are giant POS. Plus he is not helping the environment at all. Remember how we are generating all the charges for those batteries. He is just another Trump. Duping an audience who laps this sh1t up. Remember when he was almost thrown of the board at Tesla a few years back due to his forum participation? He’s really a criminal. But go ahead and idolize him.
Some non-sheep are capable of using independent judgment and can agree with some people about some things and disagree with them about other things, rather than being a little lost lamb seeking to be led around by shepherds.
Too few No One. Way too few.
ARKK at 51.22, back to Dec 2019 levels…guess the meter is actually two and a half years into her five year horizon, lol…does she break 50 this week?
“21 days Pumpkin-free”
Crushed – Alive or dead it matters not, wallet access could be lost in time forever and the coins with it. Estimates are that access to wallets containing approx 4 million bitcoins are lost forever.
You can however try and guess the key. Here is a randomizer. It will tell you if the wallet and key have any accessible coins. It a billion-billion-billion to one guess.
https://keys.lol/
Some wallet’s private keys have been discovered through shared computational power, there are many people expending energy trying to guess.
Possible recent example.
https://www.independent.co.uk/tech/bitcoin-satoshi-nakamoto-wallet-b2045846.html
LOL, and HOOD is into single digits…..that POS is the poster child of everything wrong with CW
Musk
https://youtu.be/QD3FEFCf_o8?t=7
I was talking to a friend of mine last night. He is down to the last 15k left on student loans for his kids. He had loans all over the place, and with various lenders. He never paid attention to the details, just paid and pre- paid when he could. This last loan is variable rate, which he did not know or remember. The rate was stable for years, and he never bothered to refinance. This loan went from 8.75 in March to 9.25. It is a monthly reset , and he says it has no cap on rates. I thought by law there had to be a cap, but we did not use student loans to pay for our kids college. If that’s the case, that’s insane! The guy is an attorney , but clueless when it comes to financial matters.
The guy claiming climate change is nothing to worry about..yea, you are not the sheep. Keep telling yourself that.
When a major storm destroys your neighborhood or water levels drown it out, don’t look to the govt for help. Please stand by your principles. But we both know what route you will take…
No One says:
April 26, 2022 at 11:00 am
Some non-sheep are capable of using independent judgment and can agree with some people about some things and disagree with them about other things, rather than being a little lost lamb seeking to be led around by shepherds.
The court advise you are getting here is good.
Me, depending on the circumstance, I’d consider being the wild card if it entertained me and to actually seek real justice.
Americas court system disgusts me.
This document says it all. This judge told the truth. These people have your life in their hands. My judge who made my decisions was the same as this guy, no experience in Family court.
https://www.njcourts.gov/attorneys/assets/acjc/MichaelKasselComplaint.pdf?c=9WM
And I’m talking about your Florida home….
Yea, the state worrying about bs like sex education, when they should be worrying about preparing for what is coming from mother nature. Now that’s the definition of sheep. And they keep building…taking valuable resources and pissing them away into building something that is not sustainable. What a joke.
Agreed. If it’s theft, do the right thing.
“Me, depending on the circumstance, I’d consider being the wild card if it entertained me and to actually seek real justice.”
Student loan debt not dischargeable in bankruptcy, but this guy has no problem doing it.
Learn children, learn.
I had a friend who put thousands of dollars of his kids education on credit cards, then filed for bankruptcy. Said he wished he did the same with all of it.
Months later, he started rebuilding his credit. Doing fine today.
https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019
Pumps,
Define theft.
My ex had police help her steal from me. Is that theft?
Cause then yeah, I’d convict.
Every Single Time.
Give it a rest…do you expect it go up in this environment? Like seriously?
Her thesis is fine, but it’s not right for this environment. Buying now is not a bad idea. You don’t have to time the bottom to make money long-term in high growth. All you have to do is build positions while it’s getting pounded. You know…blood in the streets. Too bad you never bought blood in the streets in your life and bash people who do.
leftwing says:
April 26, 2022 at 11:10 am
ARKK at 51.22, back to Dec 2019 levels…guess the meter is actually two and a half years into her five year horizon, lol…does she break 50 this week?
Is that some little lost lamb I hear bleating by the highway?
Lib,
Best of luck handling all of it.
I got wacked with 2 surprises this week that will end up in a confrontation soon.
Maybe even court again.
Amazing how doing the work I do that I have never had an issue in that arena. Only with an ex wife.
“I am bound by a separate confidentiality agreement…and I now work for a competitor of both parties. I’m not being implicated as a defendant…I get to be a pawn between two BSDs.”
Given that background might be worth counsel just to keep you from stepping on your own dick, depending on your CA counterparty (current or former employer).
When in front of SEC as witness the firm used to always send counsel, not because we didn’t know how to handle depos but to rap us hard on the knuckles in case there was a nuance of securities law that our answer could create exposure for us/firm. We weren’t the target, but we also didn’t want to become one.
May be analogous to your IP/CA situation, particularly with two large parties already pissing on fire hydrants….
Any reason to approach current employer to underwrite counsel, eg a CA with them? They wouldn’t necessarily be perfectly aligned with your interests but close enough (and free).
GL
Lib: Good luck to you. Hope, it all works out.
Phoenix: The guy played the system, but I am a little skeptical he put it all on credit cards, maybe he did, surprised more have more done it, although perhaps they have.
Just don’t ask the govt for help when your florida home is underwater and you are stuck on the highway trying to escape. You are lion, remember that.
No One says:
April 26, 2022 at 11:30 am
Is that some little lost lamb I hear bleating by the highway?
Grim – Last piece of Motel 6 advice…
Software code? If it’s a federal case for a patent infringement there is probably stipulated protective orders on what can be discussed during discovery. They should not be asking you those kinds of that would put you in trouble with your non-disclosure of some patented code etc.
The purpose here is simply gathering evidence and that’s it, and it sounds like the defendant wants you to deny the allegations to avoid a trial all together and save the expense hence the trip to depose you.
Something you did or know as an employee and did not answer in writing already etc, sounds like a cluster F. I would not spend a dime here it goes to something you know and your memory is not what it used to be, heck you are in the distilling of moonshine business now you probably cannot remember the last time you were sober.
After being a juror in a slip & fall case of a tenant vs a landlord I’m very hesitant to ever become a landlord myself.
If the lady hadn’t stupidly been wearing rubber flip flops in the snow before slipping on the floor, she might have won, with the jury blaming the landlord for not being able to get to the house before 10am after a big snowstorm.
Wtf, why does the FED have to pay for this. Wait till a strong hurricane comes along and really floods the chit out of Florida. Why are we building here? That’s the big question. Now the Feds will have to subsidize rich Floridians (rich boomers)cost for building basically in a major future flood zone?!
“For the first time, Florida has begun mounting a serious effort at helping local governments address the problem by raising roads and buildings, installing flood pumps and getting rid of the leaky septic tanks. In the past few months, Gov. Ron DeSantis announced more than $670 million in funding over the next three years from federal and state sources. But many scientists say resilience alone doesn’t go far enough and that Florida, along with other states and nations, will need to dramatically cut the root cause of climate change — emissions from burning fossil fuels.”
Read more at: https://www.miamiherald.com/news/local/environment/article258409363.html#storylink=cpy
The Big Guy tells Big Lies.
I bet Jen Paski wishes her MSNBC gig started sooner.
https://www.dailymail.co.uk/news/article-10728521/Financial-records-reveal-Joe-Biden-5-2million-unexplained-income.html
Around 2006, there was a story how some couple managed to take out credit cards at every single retailer, stock on 200k worth of goods, sign an ARM, consolidate it all, and then default, but not before living there for nearly a year rent free.
In only two weeks or so, Deutsche Bank, has changed its initial call for a mild US recession to a major one.
Carvana, 150 to 75 in 4 weeks.
Hated CVNA from the beginning….another one from the ‘why does this company even exist’ cohort…..CVNA can’t do anything to materially improve the sale price of any vehicle in the local used car market…the clearing bid is the clearing bid, regardless of seller. They have the same shitty operating margin per vehicle as any other seller, a few thousand per vehicle or so. So the only operating change they can make is to materially reduce the costs….which they not only don’t do, they go the other direction building a massive infrastructure – corporate overhead, pickup/dropoff, fucking vanity ‘vending’ machines – on top of a crappy business saddled with excess operating costs. Fucking brilliant.
Totally unsustainable business model, by going ‘national’ and ‘online’ they increase costs and inefficiencies, not reduce them.
Secret sauce? Heeeelllllloooooooo 2006……securitization of subprime debt.
Which is also the reason for – finally – the decline as that ABS market is drying up….in the same vein keep an eye on AFRM and especially UPST, may be more downside there as well as the shit easy money securitizations disappear as bond guys no longer need to buy this garbage with Ts where they are now….
Getting the big five tech companies earnings over the next 51 hours, but damn are they selling the shit out of everything in advance. Let’s see if the gamblers are prescient
Left. This really does feel similar to the summer of 2000. Got to see what the next 12 months gives us. Will a nuke from Putin be the new 9/11?
Bespoke or someone of that ilk did a study with decent enough sample size…fairly rare for each of the Big 5 Tech to report in the same week, when it happens they all go down. LOL.
Managing the hell out of my positions…plus, yeah, like an abused spouse may start dipping a toe back in to Z….lol….only through put writes to start but hey WTF not keep plowing into damaged internet companies….
I’m good, down days are only down a fraction of the market and up days are better but not enough for me….trying not to force it is a serious challenge – patience is not a trait I’m known for – and getting through this week with FB not taking another 20% down is key for me…FB, at least in worst case theory, could blow a Moskva type hole in my portfolio…GOOGL will likely influence FB a lot…kind of don’t mind it, seems since the NFLX downdraft people tie them to FB which isn’t fair (or beneficial to me)
On Musk and Twitter. It’s amazing to me how many times my centric position aligns with Isaac Saul’s of Tangle. Of course, it doesn’t mean we’re right. But I was taken back a little by all of those here who were in support of this.
————————————
In my last edition on this, when Musk was joining the board and buying up a stake in Twitter, I wrote supportively about the move:
“Best of all, though, is the simple fact that Musk loves Twitter. He has a bigger and more interactive presence on the platform than former CEO Jack Dorsey and just about any other Twitter employee I know of. He engages random people, celebrities, politicians, and more. He shares knowledge, comments on stuff he probably shouldn’t, breaks news, starts controversies, and posts silly, meaningless content. In essence, he uses the platform exactly the way the average active user does. It’s kind of akin to a professional sports team allowing one (very, very rich) superfan onto their coaching staff to have some input. It could go wrong, sure, but there’s something about it that I find really appealing; it feels like the kind of person who should have an influence on the platform’s future.”
I think this analogy still holds, except what is happening now is a little different. Rather than a sports team bringing a superfan onto the coaching staff, they are selling the whole franchise to that fan. That’s not ideal.
Look, I don’t have to even debate the content of Musk’s views, whether he is really a champion of free speech, or if I like his politics to say this: Musk has better things to do than run Twitter, like carrying civilization into a more electric future. He has zero experience running a company that moderates content and information. And, in the most simple terms possible, I do not like the concept of the world’s richest man buying the modern day public square. That is not something that makes me feel good about the state of speech or the dissemination of information or the balances of power or, for that matter, democracy.
Rich people buying up news outlets and information centers is oligarchic, not democratic.
Yes, I know. Mark Zuckerberg owns Facebook. He also created it. Jeff Bezos owns The Washington Post. He also stays out of it. A lot of rich people own news outlets, but we hope they don’t control them. Go read The Post’s coverage of Amazon unions and let me know if you think Bezos is calling the shots in the newsroom (I doubt it). Michael Bloomberg may run the Bloomberg opinion section and Rupert Murdoch may run Fox News but those are more the exceptions than the rules; and even so, I never liked America’s wealthiest buying up its news outlets. When other countries have social media or news outlets owned by rich billionaires with overt political views, we call it undemocratic or state media or oligarchy. It isn’t democratic there and it isn’t democratic here.
Additionally, Twitter isn’t a newsroom. It’s an influential information exchange center that has an outsized impact on the reach of newsrooms’ content. I liked Musk on the Twitter board to help diversify it ideologically — in the political sense, the tech sense, and the moderation sense. I wanted that because Twitter has made several moderation mistakes and regularly enforces its rules unevenly. I figured someone like Elon Musk in the room would be inventive and lead the company toward a more clear and even-handed moderation approach. I do not like the idea of him owning the company outright. They are two very different things.
3b DB is a day late and a dollar short, but heck if they knew anything perhaps they wouldn’t lose so much money or make such bad loans. The minute it appeared the Ukraine-Russian conflict was not going to get settled quickly a massive global recession became an all but certainty, the ingredients for a downturn were already in place and that just iced it, hold onto your hats folks.
The way I see it Europe gets crunched in both energy and food, it’s economic output drops precipitously as without energy they cannot effectively produce goods for export in places like Germany and domestic inflation saps consumer spending both in Europe and the US, it’s a feedback loop of supply limitations coupled with demand destruction, a real “stagflation”nightmare. After the discretionary spending slows because of inflation and the cost of borrowing going way up this house of cards falls hard. I’m still not sure what happens with housing but I think vacation markets and the overly inflated sunbelt states crash hard in this scenario.
What’s that saying? “What we lose in sales we make up in volume.”? How do people fall for the same scam over and over again?
Jcer: I agree, when they said 2 weeks ago it would be a mild recession I laughed, and said they are clueless. The fact they change their mind in 2 weeks is evidence of that.
I am surprised for a German bank they are so disorganized and just a mess all around, T least their US division.
Jcer : Europe is already feeling it pain wise in relation to food and energy. Why Germany gave up nuclear energy to rely on Russian gas is beyond me
As for housing I believe it all gets hit. Higher rates, higher food and energy costs , student loan payments will eventually kick in again (even with some loan forgiveness) Recession will unfortunately mean job losses , lower raises, belt tightening by firms. Some marginal companies who borrowed heavily will go under.
Just remember what you should have been buying and building a long-term position in starting around this time frame. The stuff people were all running away from….high growth.
Biotech has to be close to the bottom. It is hands down my favorite place to be right now building a position. DNA….no debt, growing partnerships, and a chance to be the amazon (trillion dollar market cap) in biotech. All you need is patience and you can’t lose at these levels….
Chicago says:
April 26, 2022 at 1:37 pm
Left. This really does feel similar to the summer of 2000. Got to see what the next 12 months gives us. Will a nuke from Putin be the new 9/11?
For the millionth time, dream on. The only thing that will happen is people will not buy or sell, leading to a giant sucking sound on sales volume. Then the FED will come in and it will continue its trek up.
Jcer has it right. The only places you will see big drops are in second home locations and the sunbelt that blew up way too high with boomers going to work. If you think you are going to see a major drop in housing in nyc metro, dream the f on. I wish it would crash hard, because guess who would buy the f/ing dip? Myself and thousands of others with a cheap mortgage and almost no debt. So I hope you are right, but I know the reality.
“As for housing I believe it all gets hit. Higher rates, higher food and energy costs , student loan payments will eventually kick in again (even with some loan forgiveness) Recession will unfortunately mean job losses , lower raises, belt tightening by firms. Some marginal companies who borrowed heavily will go under.”
And I’m serious…if housing gets hit hard, I will be maxing out leverage with the bank and going to work buying as much as I can.
I’m not maxing out leverage to buy in second home markets or other markets that are way too inflated with boomer money. That’s dangerous. Always has been, always will be. But homes in established locations like NYC metro….give it to me. Safest in the game.
Guy is a sheep…electric future…lol. Doesn’t this guy know climate change is a liberal conspiracy to profit off you.
“Look, I don’t have to even debate the content of Musk’s views, whether he is really a champion of free speech, or if I like his politics to say this: Musk has better things to do than run Twitter, like carrying civilization into a more electric future.”
3b,
Germany gave up nukes because of emotional/political overreaction to Fukushima, and a history of having a bunch of greens politically, who stupidly imagine that they can windmill and conserve their way to a green future. Even Japan is now reversing course and trying to revive their nuclear energy.
Most of the rising expense of nuclear came after the emotional overreaction to 3 mile island and the movie “The China Syndrome”. Western nuclear plants have always been much safer than Chernobyl.
I remember writing a high school report for my physics class in the late 80s about how irrational the resistance to nuclear power is. Powering up via nuclear would have been far cheaper and simpler than all this BS of the modern green movement. Another high school paper was about the economic stupidity of the space shuttle program and how it retarded the US’s lead in satellite. Basically it was chosen because it created more PR video than much more efficient traditional rockets. It was a white elephant even before it blew up with elementary school teachers on it a few weeks after I turned in the report. Other papers I wrote around that time was on the stupidity of minimum wage laws.
I’ve learned since then that people consistently fail to think objectively about risks, costs, and consequences of government agencies and regulations. They fail to think rationally about lots of things.
No One: I know the Greens in Germany have a lot of influence and political power, and often hold the balance of power in German government.
Instead of farting around with wind mills and solar panels , nuclear really should be looked at again. The resistance will be of course no one wants the plants in their area, no matter how safe they are.
Someone that gets it. Biotech people, easy money if you have time to make it to the next bull market. It either bottomed already, or will bottom soon.
“Doing my budget this week and finding more and more places to save. I want to be able to contribute as much as I can in this historic crash for the $XBI. This could be a generational bottom for years to come. I want to buy as much as I possibly can. Just so much I want to buy lol”
So true.
“For as historically bubbly it was at $XBI $164, it is now as historically cheap. The only worse time was the pandemic crash low which we are approaching quickly. Its like biotech will cease to exist as a sector next year.”
Nuclear to slow to build out during WW III. We now need electricity tomorrow, fire up the old coal plants ASAP. Russia will halt gas supplies to Poland tomorrow over failure to pay in Rubles.
On Musk . . .
I migth be falling for the hype, but isn’t it true that he basically spearheaded SpaceX and SpaceX was flying missions to space at one point at a cost of 1/10th what NASA spends? Or, is this some kind of misinformation stat where NASA R&D is not accounted for properly, or maybe SpaceX was amoritizing its re-useable spaceships over more flights than was realistic.
If SpaceX was flying to space for 1/10th of NASA cost, for real, then that alone makes Musk an incredible positive force for humankind, and we can leave aside any good created by PYPL, tsla, or the potential for more free speech on TWTR.
On Tesla, electric cars and solar panels, I concur with skepticism that any of this is a net positive for environmental purposes, and certainly am skeptical that it is a nobrainer as a positive for the environment. Like, maybe really-durable cars would be better for the environment (perhaps, it would have been better for a Tesla-style innovation company to be aiming to build a car that goes 1M miles, easy. So, humankind is mining iron ore, alumninum, and processing the relevant plastics less often for automobiles than our current cars which run for maybe 200K-ish miles). Or, strive for a ICE that gets 70 mpg. Nonetheless, I support governmetn subsidies and maybe regulatory breaks for electric vehicles for resiliency purposes (the consuming public can ascertain, given the price of gasoline versus electric and indivudal expectations of price trends, whether to buy electric or ICE). Tesla cars, if I am not misinformed, are terrible for reliability but good at rider safety.
Market Sell-Off . . .
126 companies of the SP500 are 5% or less higher than their 52-week low (35 of which are experiencing their 52-week low today)
SP500 is currently 12.9% off its ATH (Jan. 4, 2022)
You guys are too consumed with the now and not the future. Sure, you will never live to see it, but others will. You have to invest in a renewable future for our economy.
You can’t cry about it being expensive or not efficient because it is IN THE EARLY STAGES OF DEVELOPMENT. It’s already come a long way from what it was. It’s about throwing brain power at the problem. Do we have the answers yet, no, but we will the more we invest in it. You guys miss the forest for the trees. Time to open up your mind and stop acting like we have another choice as a species.
“I’ve learned since then that people consistently fail to think objectively about risks, costs, and consequences of government agencies and regulations. They fail to think rationally about lots of things.”
“On Tesla, electric cars and solar panels, I concur with skepticism that any of this is a net positive for environmental purposes, and certainly am skeptical that it is a nobrainer as a positive for the environment”
Damn, almost 4% drop on the Nasdaq. The high growth you guys bashed for so long was the canary in the coal mine. They already busted, but now the pain is coming for the generals. There is nowhere to run, and nowhere to hide. It’s an end to a bull market and it will get started again soon enough. Take advantage, the sun will rise again.
Crushed,
Space X is definitely a huge improvement over NASA and means the US isn’t so dependent on Russian and French rockets thanks to him.
In cars, he has done a lot of over-promising.
Eventually there will be a lot more options in EVs
I don’t support the big subsidies and mandates. On that front, I think Tesla is trying to get what it can. They definitely got deals and special treatment from China.
chi, I’ll take this….early results I know, calls just starting, and futes haven’t even opened, but I’m honestly OK with lower vol even if it comes with a slight decline vs. MSFT/GOOGL face ripping up…..wish FB were the morning tomorrow and not AMC. Need to pull apart the GOOGL ad results. And we are at a very fragile place in terms of support on the SPX.
oh, BTW, the CW shit-broker HOOD closed at 10 on the dot and then promptly announced it was firing 9% of its workforce, dropping 5% after hours….I mentioned this stock would only hit 80 again when my grandkids were old enough to invest…I take that back….this POS won’t see 50 again. Ever. Good thing CW is ardently spiritual and believes in the after life. On a century investment horizon maybe she’ll see par…..and if that doesn’t work, wtf, she’ll push a horizon to a millennium.
Space X is so successful because they broke with the legacy ideas and designs, it was pretty much a clean sheet design and they ignored all the government “requirements” which saved insane amounts of moeny. NASA and our crony capitalist contractors aren’t all that. The fact that the Russians were able to build more efficient rocket engines and they technologywise are still living in the 1970’s and were way behind in material sciences. Musk was the only person with the b@lls to design new rockets without government contracts. The legacy guys were basically designing reheated dogshit and didn’t care all too much about the commercial side which went to the Russians after the end of the cold war.
Musk is a nut, he is a gambler. This whole buying of Twitter is a scam, he is in it to make money, free speech is secondary, he sees an opportunity to pump up the value.
Pumps don’t get me wrong I thing we will see softening in major metros just because of the economic squeeze and the rate increases but it is to the point right now that even at inflated prices NY/NJ look like a value compared to South Florida. My mothers neighbor sold, these are houses that in 2018-19 were trading around 1.2, they were built in 07 and sold for around 1-1.1, hit around 850 in the crash, 2.5m was the closing price. My sister is looking to buy a condo in Vermont, things that were 300k in 2019 people want 600k. My other sister was looking in the Catskills near her friends place and the situation is the same, the 600k house is now a million. The Jersey shore is also nuts it’s 2-2.5m to buy something decent the days of the million dollar shore home have ended. I don’t believe non-primary residences in a severe recession can hold these insane prices even with rampant inflation.
Suburban residential markets are expensive but incomes are also quite high and demand outstrips supply significantly. Unless the recession is extremely deep I don’t know about housing fire sales in the major markets. From what I see it almost seems the correction has already started in out market but not is some of these others, I see more inventory coming and people are pricing it to move based on where the market is. That is simply not the case in the sunbelt at the moment.
Jcer, I agree and look at this for evidence that NYC metro is not going to get slammed. Like you said, other parts of the country, esp Florida…good luck!
“Such a weird housing market out there. Just talked to a friend who put in an offer in the NJ suburbs and was 1 of 20 offers”
https://twitter.com/aliwolfecon/status/1519058965945937920?s=21&t=8DMt7dgb5uNzWHynxR9SMQ
“Listing agent in Nj burbs here, just had final and best on one of my listings at 5pm. Listed at $599K and multiple bids came in at $100K+ over ask. Waived appraisals with POF and limited inspections too 📈📈📈”
Just like everything he touches, trump’s right-wing Twitter was a massive failure. Impeached twice, lost popular vote twice, and lost re-election too.
And jcer, I was saying for at least 2 years that north jersey had become a complete value compared to the rest of the country. It’s wild.
Great response to this tweet. What I was highlighting a couple a days ago on the subject of free speech. It’s hypocrisy from both sides. Everyone is for free speech till they don’t like what they are hearing. How bout Florida punishing Disney for a political viewpoint? It’s one big orgy of hypocrisy.
“All they have is censorship. Their ideas don’t hold up in debate.”
“Says the party banning books and literally words from school curriculums.”
We must give antivaxxers and climate change denialists a platform to speak about bs, but god forbid we talk about sexuality.
Maybe Musk waves the flag of “free speech” to cover up for his real motive – diversifying some of his wealth out of TSLA. Of all the billionaires with nine-digit fortunes, his fortune is very concentrated (mostly TSLA shares and SpaceX shares). His followers don’t see that he has an urge to sell off some TSLA shares in this move, they see an eccentric billionaire who is fed up with censorship and “doesn’t care about the economics [of TWTR] at all.”
Or, maybe there is some 8D chess with controlling the discourse or whatever. Except, to me, if Twitter does continue to censor viewpoints, all that critcism heat is directed at Musk personally and I think it becomes more likely that a TWTR competitor does displace twitter and gain market dominance over this part of social media.
left,
Here you go. Too funny.
Wall Street Is Paved With Cathie Wood Wizards Who Had 1 Brilliant Idea in a Row
Wait a minute, fellas. I was just thinking. I really don’t want to see the Wizard this much. I’d better wait for you outside.”
— Dorothy, The Wizard of Oz
“Pay no attention to that man behind the curtain.”
— The Wizard, The Wizard of Oz
https://realmoney.thestreet.com/investing/stocks/doug-kass-cathie-wood-arkk-15980261
His stock will be the last to go. It only makes sense to cash out. He can convert Tesla shared to things that have already fallen off. He knows Tesla is t even 10 percent of what it’s valued at. Marc Cuban cashed out of his crappy company for 5 billion, had he not he’d have 5 percent of his current wealth. The bgaholders of Tesla will get what they deserve.
Schools that do not teach Calculus and Physics to 1st graders are guilty of censorship. What a country we live in, crazy times, it’s as simple as that.
I can’t wait to continue to not buy funds that I think are the very best, huge value right now… blood in the streets!!! “Too bad you never bought blood in the streets” LOL
Knocking our space program? You guys are too funny. Until the Space Shuttle came along there was no way to retrieve and repair satellites, and since it was cancelled by Obama in 2011, there isn’t and everything built now needs to be disposable.
102 Shuttle-related satellite missions (those that were launched, repaired, or retrieved by the STS missions).
It also played a big part in the current ISS in which the shuttle brought up most of the modules and many EVAs were run from the Shuttle directly to Assemble the ISS.
Elon’s Space X is great but there is no way to EVA from his capsules. Maybe a few more decades?
Jersey Shore prices are insane right now, for any town which isnt trashed $500k is going to buy you the tiniest place (1br maybe 2 if lucky) – completely outdated, and probably on leased land.
These same things went for $250K 10 years ago…
BTW – Space X. The four wealth space tourists just returned from a 17 day mission, 15 of which they spent on the ISS, they called themselves commercial astronauts and did do experiments but reality is none were scientists on the Ax-1 astronaut crew.
Former Astronaut Michael Lopez-Alegria 63 year old retired astronaut who was on the ISS before via NASA, along with with real estate investor Larry Connor a 72 year old, and 52 year old Canadian financier Mark Pathy and 64 year old Israeli Eytan Stibbe as mission specialists.
Not quite the right stuff for sure…but $$$ will get you there. Some vacation only cost $55 million each x 4. Falcon 9 launch is somewhere around $90 million. Did Elon have to pay the Russians too. Love to know the details of that.
Pumps – re: “but god forbid we talk about sexuality”
Absolutely there should be sex education we all know this. Nobody wants STDs and/or to get pregnant young etc but we know it all happens anyway with even the best education. The idea however that children some times very young should be taught about an off label use of a drug that prevents sexual maturity? When your kid comes home and demands these drugs called blockers, then let us all know where you draw the line.
I bought a ton of DNA when it was low 3s and high 2s…Almost the bottom which I missed because I got greedy and thought it would go lower. All time high is $16. So buying blood in the streets as we speak.
“I can’t wait to continue to not buy funds that I think are the very best, huge value right now… blood in the streets!!! “Too bad you never bought blood in the streets” LOL”
Juice,
I don’t know what that even is. At the end of the day, kids are who they are. They are going to discover stuff about themselves whether you like it or not. The point is to let them be who they want to be. If that’s gay or the other sex, so be it. That’s who they are. For too long, ruthless controlling parents kept these kids in a life where they were shamed for what they felt. Made them feel bad about who they are. That’s wrong.
Juice Box says:
April 26, 2022 at 8:23 pm
Pumps – re: “but god forbid we talk about sexuality”
I don’t know what that even is… we know you don’t know anything, but nice to have it confirmed directly.
Keep buying blood
Thanks, face. Finally some good advice from you.
“Keep buying blood”
Bottom. Calling it for biotech sector too..
“These losses are breathtaking:
Teledoc -80%
Zoom -82%
Robinhood -86%
Peloton -88%
Depression-level stuff”
https://twitter.com/awealthofcs/status/1519027366735007744?s=21&t=8DMt7dgb5uNzWHynxR9SMQ
re: “Jersey Shore prices are insane right now”
Nope not even close to crazy Eddie Insane.
How about over $406 a sq ft in Florida.
In March 2022, the median listing home price in Jupiter, FL was $749.9K, trending up 41.5% year-over-year. The median listing home price per square foot was $406.
My neighbor made a bundle in 2 years and rang the register and moved a few miles away to upgrade from condo to a single family on a golf cource.
High growth was the canary in the coal mine for the rest of the stock market. Everyone just laughed it off with wild claims that they are chit companies. Nope, economy was entering bear market.
High growth and biotech got body slammed. Now the bear is coming for the rest of the market. They bottomed, but not the rest of the market. Obviously, rest of market won’t get body slammed, but they will get slammed. No where to run, nowhere to hide. Bonds down…stocks down. Real estate down. Good luck!! Cash is king even in a high inflationary environment because deflation follows…and that cash becomes valuable.
Give it four minutes. You’ll have a different opinion and claim to be the next Bezos.
That’s not true. If I believe new evidence warrants changing my opinion on something, Im not afraid to change it. But when I know I’m right, I stick to said position. I did not back down on my real estate calls. I did not back down when you told me the suburbs are dead forever. Just a few examples.
PumpkinFace says:
April 26, 2022 at 8:55 pm
Give it four minutes. You’ll have a different opinion and claim to be the next Bezos.
BRT – re: “His stock will be the last to go” Go long for god sakes…
There is no discount on a TESLA either NEW or USED yet, maybe coming since the newer cars will be easier to repair.
How so you might ask? Case in point. Elon is still smashing everyone else on battery tech and will be for a while, notice the new batteries are now lithium iron phosphate. For the plebs it means no more lithium cobalt oxide (LiCoO2) anodes, much easier to make en mass, and no child labor to mine the stuff. It is 70% or more lower cost to make folks. The batteries are the most expensive component of any electric car.
We won’t see it yet but there will be a super cheap Tesla down the road..
I got to say I soured on Elon for a bit, but I am now firmly back in the cult.
If I believe new evidence warrants changing my opinion on something, Im not afraid to change it.
And what causes you to change your mind back and forth back and forth? My call is chemical imbalance and innate stupidity.
You’re just a hater
“Space X is definitely a huge improvement over NASA”
No, Space X exists because of NASA. Without the massive Sweetheart leasing deals and logistical support and manpower, it is not viable.
Went to Kennedy over Feb Break. The new Space Shuttle exhibit is awesome. The revel is stunning.
Post 100.
Lets go Mets.
Cheer for the team owned by the insider-trading hedge fund billionaire spending his ill-gotten gains to buy wins? No thanks.
Twitter. Collecting and selling data:
IN THE MONTHS leading up to Russia’s invasion of Ukraine, two obscure American startups met to discuss a potential surveillance partnership that would merge the ability to track the movements of billions of people via their phones with a constant stream of data purchased directly from Twitter.
https://theintercept.com/2022/04/22/anomaly-six-phone-tracking-zignal-surveillance-cia-nsa/
No One,
I’ve posted this before, I knew Cohen’s daughter from his first marriage. After hearing her stories, he and his current wife are sad excuses for human beings.
See no evil… This is what he is worried about and wants to investigate?
“The Los Angeles County Sheriff’s office says it’s probing an LA Times journalist over a leaked video of a deputy kneeling on a jail inmates head for three minutes.
LA sheriff Alex Villenueva accused reporter Alene Tcheckmedyian of illegally obtaining the footage of inmate Enzo Escalante being restrained in March 2021”
Animal Farm
https://www.dailymail.co.uk/news/article-10756791/Off-duty-NYPD-cop-given-YOGA-punishment-stumbling-drunkenly-San-Francisco-highway.html
Jcer: An over 20 percent increase in house prices in a year is unprecedented, and indicative of the madness in housing prices, in spite of the supply issue.
The era of cheap debt for people to finance their standard of living is over. People are paying the highest amount of their income towards monthly mortgage payments since 2007.
Inflation, that is not going away anytime soon, no more cheap debt, recession and the layoffs and cutbacks that come from recessions, that will all factor in on real estate prices going forward and drive prices down.
And the person who told you this would happen, you mocked. Let that sink in. Stop blaming the FED and low rates for what is a supply/demand issue. This is not going to end in suburban locations where millennials want to raise their families. Maybe second home markets get slammed, but don’t expect that to happen here in north jersey.
And guess what…the fed will turn dovish by next year. They will start the next bull run. Inflation says so. It’s going to hurt the economy so bad, that they have to come to the rescue and they will.
At the end of the day, the only reason we have massive inflation is because of supply chain issues. It allowed ALL businesses to use the excuse that they were experiencing supply issues and had to raise prices even though they were not experiencing it. Causes domino effect and now it’s going to take a huge hit to economic growth to stop it. Before you know it, they will be dropping prices because they have too much supply because people can’t afford to buy it. Then FED comes in to increase demand and we are on for the roaring 2os 2.o that was supposed to already happen but the pandemic f/ed it all up with the supply chain woes.
3b says:
April 27, 2022 at 8:14 am
Jcer: An over 20 percent increase in house prices in a year is unprecedented, and indicative of the madness in housing prices, in spite of the supply issue.
The era of cheap debt for people to finance their standard of living is over. People are paying the highest amount of their income towards monthly mortgage payments since 2007.
What’s happening now is a good thing. It’s going to clean up the economy of bad companies and investments. This is going to make roaring 20’s 2.0 a guarantee. The demand for housing will pick up big time after this cleanup and it will lead the way for monster growth in the economy for this decade. Stagflation my ass. Get ready for this bull market to be epic when it comes. Start building your positions in cheap stocks in high growth and biotech. Take full advantage of this opportunity as it presents itself. This kind of opportunity does not come around often. Remember that. When was the last time you had an opportunity like this?
NoOne,
Yes, the owner is not the type I respect. But after years and years of terrible ownership by a dumb cheapskate (and a friend of my dad’s from high school), I can look the other way for a season or two. Truth is, nearly every team is trying to buy it. With the amount of money our crosstown rival spends, they should win the World Series at least 4 times a decade. Instead, they choke nearly every time.
Being an athlete in America makes you richer than a brain surgeon.
Have to say, it’s profitable.
Phoenix,
Close. I did the math when my son got his $900,000 out of network bill for his malignant tumor resection. My insurance paid it in full. I know. They sent me the checks to forward on to his office. This was for a 4 hour surgery. Now baseball players are truly overpaid. But last I checked, no one was taking in a million dollars a day. Of course, baseball players don’t have malpractice bills to pay for either. Still. I think the brain surgeon makes slightly more.
October 19, 2021 at 1:58 pm
That DNA buy from last week is going off. Bought with blood in the streets, and got lucky. Believe in it long term, did not expect such a quick rebound off the short attack.
Also made some money on the bitcoin run in the past 2 weeks. Still holding, expect it to pass up 64k sometime soon. This guy I follow absolutely owns the bitcoin charts.
ARK G is starting to move, it is an absolute steal at current pricing if you are playing it long term.
I remember when it was blood in the streets in October when DNA was at $10. To catch the bottom, you kinda have to not buy at the top.
Holy chit!! That’s crazy! I had no idea they made that much money. So many people making crazy money out there. That would take a 1o0k worker a decade to make. Let that sink in.
Libturd, keeping it real, aight says:
April 27, 2022 at 9:14 am
Phoenix,
Close. I did the math when my son got his $900,000 out of network bill for his malignant tumor resection. My insurance paid it in full. I know. They sent me the checks to forward on to his office. This was for a 4 hour surgery.
“Musk is a nut, he is a gambler. This whole buying of Twitter is a scam, he is in it to make money, free speech is secondary, he sees an opportunity to pump up the value.”
Interesting, along with the thought posted by someone else that the TWTR purchase is a backdoor method to portfolio diversification without publicly exiting TSLA…I have a book on Musk somewhere. Quite old, it was either one of the first I started reading on a tablet or even still hardback. Guessing c. 2016. Can’t find it, any google/amazon of titles about Musk produces reams of recent garbage, anyway…
Maybe stating the obvious he is a very different individual…one item that stuck with me is that along the way he often pushed all his chips across the table and, if he failed, would have been left, from the wealthy’s perspective, destitute. It amazed me because one of the largest single benefits of owner/operators and entrepreneurs who knock it out of the park is that going forward they get opportunities to do it again but now with other peoples’ money. He never availed himself of that major benefit, and continued to put everything on the line under only his control.
The TWTR acquisition fits so much of that profile…plus, financially it can be brilliant. If you apply basic take private/PE criteria – ignore the rote financial structuring for the moment as that is not nor has it ever really been where the value lies – this could financially be a grand slam for him. On a relatively quick timeline.
Blab blah blah. Thing is, you don’t have to buy the exact bottom. Even at 10 dollars, you will make a killing on DNA long-term. These are fire sales, and you are sitting here shorting it instead of buying it up. Mocking the prices instead of buying it up.
“I remember when it was blood in the streets in October when DNA was at $10. To catch the bottom, you kinda have to not buy at the top.”
It’s like crying about buying amazon buy at 60 dollars and then watching it drop to 10 dollars….Imagine mocking those price drops, shorting it, instead of buying it up.
And selling at 10 dollars. Ouch. You just missed a life changing opportunity. Realize the same thing is happening now. High growth and biotech have been beat to death. Barely alive. Buy the ones that you really believe in, it just might change your life. They might drop another 40%, but who gives a f/k about finding the complete bottom. Just buy the fire sale already in place and build a strong position that will change your life in 5-10 years.
Pumpkin sold out to the union, he’s now carries water for pedos. All of their talking points for justifying sexualizing elementary school curriculum signs with their agenda. That’s where it’s going. “Love is love”
“sexualizing elementary school curriculum”
Polly wanna cracker?
Lib,
But how much work is “out of network”?
IDK. Either way, brain surgery is intense. One of my favorites. I’ve been in cases for 14 hours only to take out a tumor smaller than a postage stamp.
You are making a big thing out of nothing. Seriously. Please show me evidence of actual inappropriate sexual education in NJ, or give it a rest. Stop reading the right wing propaganda. Just like the crazy lefties need to stop reading the lefty propaganda. You both are nuts.
BidenIsTheGOAT says:
April 27, 2022 at 9:51 am
Pumpkin sold out to the union, he’s now carries water for pedos. All of their talking points for justifying sexualizing elementary school curriculum signs with their agenda. That’s where it’s going. “Love is love”
Lib: I acknowledge Musk is in it first and foremost for the money. But, it is hypocrisy for the left to scream about censorship and a threat to democracy because of his purchase of Twitter. The left engages in censorship, and shuts down any one with an opposing viewpoint, yet now they cry Musk may do the same. A little self awareness on their part is warranted.
If you want to be complicit, then be my guest. Nothing more telling than now pivoting to a freedom of speech defense. Totally dishonest.
Pumps here is your evidence. Any questions?
https://www.cbsnews.com/pictures/notorious-teacher-sex-scandals/
Phoenix: A brain surgeon is worth more than a baseball player by any definition in my mind.
3b
I agree. As long as it’s a good one :)
Good also to have an experienced ENT surgeon with him if you are doing the brain surgery through your nostrils.
How many teachers do you actually know that are involved in this bs. Come on, now. Are they out there, sure. Are 99% of the teachers like this, hell no. A pedophile can be a doctor, he just has to get caught. Much easier to catch a pedophile in teaching as opposed to the medical field. That’s the only difference. I’m sure there are some sick doctors out there, but it’s hard to hear about. They also have money to protect themselves.
Phoenix says:
April 27, 2022 at 10:00 am
Pumps here is your evidence. Any questions?
https://www.cbsnews.com/pictures/notorious-teacher-sex-scandals/
I think most people understand that sex education should be taught to students, and the tiny fringe gender identification topic too. I have no issue with that. It’s a question of being age appropriate, and different aspects of sexuality taught at different ages, with any personal viewpoints left out of the subject. I view it as building blocks, one block of the topic taught at a time, based on a child’s age.
We don’t teach Algebra or Chemistry in the first grade, why the need to teach gender identification at such a young age. Here is a topic that I would think all could agree on. Teach sexuality for sure, but do it one step at a time in an age appropriate manner.
But you will never say the same thing about a good teacher. That’s how biased you and society are.
3b says:
April 27, 2022 at 10:01 am
Phoenix: A brain surgeon is worth more than a baseball player by any definition in my mind.
So tell me, what is wrong with teaching gender identification to a 6 year old. What is wrong it, please explain? It just shows that you are against gender identification and think kids should not be allowed to learn about it. A little tip, talking about gender identification with your 7 year old will not make them want to change sexes. It will just help them understand the kids that do have these feelings instead of bashing and bullying them for these feelings.
“We don’t teach Algebra or Chemistry in the first grade, why the need to teach gender identification at such a young age. Here is a topic that I would think all could agree on. Teach sexuality for sure, but do it one step at a time in an age appropriate manner.”
I don’t see Musk from a left vs. right perspective. I see Musk as a selfish prick who uses social causes to build his fan boy persona which is the only reason Tesla gets valued at 800 and not 80. Being “green” to covertly convert massive amounts of our tax dollars (government subsidies) into personal wealth was absolutely brilliant. His cars suck balls. I’d be embarrassed to buy one. So you really think Twitter has anything to do with freedom of speech? Think again. I wouldn’t be surprised if it was a ploy to destroy Truth Social (echo chamber) as we know which way Musk swings politically. Wave that anti-censorship flag proudly. It’s what Musk wants you to do. And the censorship on Twitter was pretty mild. You really had to tell huge whoppers to get banned. I think it was the Russian fake news bots that irked the Twitter board. Not the Trumps. His lies were obvious. Some of the bot stuff was downright convincing. Even me, the most skeptical reader here besides perhaps Joyce, was fooled by some of that stuff.
The sex ed thing, like the CRT thing preceding it, is completely blown out of proportion. Are they teaching sex education too early? Not in 999% of public schools. Are they teaching kids that whites are the devil? Not in 999% of the public schools. But it sure is a great narrative to fool the sheeple.
I really hope none of the right wingers here have gay children. Would really suck to have to disown them.
We know the answer to why it has to be so young. That’s how you indoctrinate. Duh.
Next mandate universal pre k and you have the seeds for the next mao like cultural Revolution.
And in other news. The charts are revealing that he Nasdaq is headed to 11K before we see 13K again. Yesterday’s action reveals that every gain is going to be sold for a while now (like what we witnessed this morning).
I watched a recent TED event last night, it was a Q&A with Musk which came up on my feed. The guy wasn’t able to communicate anything of substance. He spent time chuckling about 420 and 69 being the perfect triangle, patting himself on the back for sleeping on the floor at Fremont and dead pan claiming he probably knows the more about manufacturing than anybody on earth. Took a detour to shyt on SF IRS agents.
FSD was promised for nearly a decade at this point, and his statements about it are becoming more detached from reality. Oh no, wait, the robot is coming before FSD now. Right. h**ps://motherfrunker.ca/fsd/
What part of a company is the “genius” and “visionary” and what part of a company are the bright ivy league grads behind it? Secondarily, what part of his enterprises’ success can be attributed to the free money spigot of the last ten years.
All of Musk’s media appearances come across as cringey AF, I still think this is a con job.
Lib: You May very well be right, my point is the Left can’t complain that he is going to engage in censorship and suppress different view points, when they engage in the same thing. I want all viewpoints, and with sources provided if need be. I don’t want left or right presenting information to me as fact, or telling me how I should think on a subject one way or the other.
I think many Americans are in the center, with viewpoints on specific topics tilting left or right, but looking for a middle ground. This one side or the other and in no in between is nonsense. Life simply is not black or white on every topic.
I am hoping with that old corrupt fool Biden on one hand, and that lunatic Trump on the other, that perhaps we might see a moderate centrist arise, that people would actually vote for, and who might actually get something done
Gender identity is a social philosophy. LGBT from a civic perspective is a legal standing. You think 6 year olds are ready to learn those things?
And you want the school to teach them? Most of these schools aren’t even capable of producing students producing in basic subjects.
Yes, thanks for reminding me about the indoctrination, says the party hellbent on controlling women’s reproductive rights.
Don’t educate them on sex. Don’t allow them to obtain birth control. Don’t allow them to abort unwanted pregnancies. Don’t pay for their welfare.
You can keep your stupid right-wing culture. It’s barbaric.
“Polly wanna cracker?”
Lib, no snark, honest question.
Do you really believe a stranger ought to be discussing anywhere, in any format gender identification, sexual orientation, and genitalia with your eight year old?
Seriously, all political talking points aside. That situation is acceptable to you?
“LGBT from a civic perspective is a legal standing.”
Tell that to Duane who get’s ostracized when his two white mom’s show up to the holiday play. Why does Duane have two white moms? Because Duane’s real mother couldn’t get an abortion and Duane’s real father is incarcerated.
I hope Duane shoots you square in the forehead when he is carjacking your Tesla one day.
I think it’s okay to explain why Duane has two moms or two dads. It’s as simple as that. They are not discussing scissoring or anal sex in your kid’s 2nd grade classroom.
Get a grip people.
Biden,
Give this a read to support the notion that you are a sheep. Politics blows. Why right wing propagandists have to constantly attack teachers and education is beyond me. Oh wait, that’s right, they have an agenda to kill the teachers union. Once teacher’s union is destroyed, they can they get rid of public education. F’ing losers. Want to kill the very aspect that makes our society so strong…education.
https://patch.com/new-jersey/wayne/s/i818n/nj-teachers-union-hits-back-at-disinformation-about-murphy-administrations-new-sex-education-standar?utm_source=nearby-news&utm_medium=email&utm_campaign=alert
“I really hope none of the right wingers here have gay children. Would really suck to have to disown them.”
This statement says more about your ignorance of those holding the opposing viewpoint than those holding the viewpoint.
Before typing a knee-jerk reply, think about that. For you, not for me.
Fifth and sixth grade is the right time to explain that not everyone is attracted to the opposite gender sexually.
2nd and 3rd grade, you explain the differences between male and female genitalia.
Listen. I don’t sugarcoat anything at home. My kids have seen plenty of titties and have tasted more types of booze than most people have by the time they get out of college. If your kid has a smart phone, they have seen it all already. It is infinitely better to expose them to the truth, even at a young age, than to let them learn about it themselves. Trust me. You don’t want your son thinking that intimacy is choking a chick while simultaneously vacuum inflating her labias while her sphincter prolapses.
You think what you want. I’m a teacher and I really don’t know what you are talking about when it comes to indoctrination. Yea, schools are being used as a vehicle to kill the right because they belong to unions. Got it. So how do you account for all the right wing teachers I know? How do you explain our resident right wing teacher…BRT? Please explain.
Nope, stop blaming the schools. Start holding the parents accountable, but you won’t.
If what you say here is true, how do you explain the millions of kids that are successful under the public education system? How can this be if the schools and teachers are complete failures…please explain.
“And you want the school to teach them? Most of these schools aren’t even capable of producing students producing in basic subjects.”
Kids don’t even ask that question. There is a same sex female couple that lives behind me with a daughter. My 4th grade son hasn’t even asked why that is. There’s a clear difference between asking/answering it in passing and making it a required part of your curriculum. Although, there’s always an option to “pass” when a kid asks a question. I’ve done it several times. If I were an elementary teacher, I would just tell a kid, “that’s probably a question you want to ask your parents”.
Leftwing. I love you like a family member. I wholeheartedly disagree with your statement.
If you were to listen to the right-wing dogma, you would think public schools are where your kids are converted into homosexuals and perpetual slavery apologists.
Here is a news flash for everyone. You can’t be TURNED gay.
Fifth and sixth grade is the right time to explain that not everyone is attracted to the opposite gender sexually.
2nd and 3rd grade, you explain the differences between male and female genitalia.
Listen. I don’t sugarcoat anything at home. My kids have seen plenty of boobies and have tasted more types of booze than most adults have by the time they get out of college. If your kid has a smart phone, they have seen it all already. It is infinitely better to expose them to the truth, even at a young age, than to let them learn about it themselves. Trust me. You don’t want your son thinking that intimacy is choking a chick while simultaneously vacuum inflating her pussy lips while her sphincter prolapses.
With that. We return to the salt mines. Work is booming I tell you. At least for a few more weeks. My crystal ball tells me this Autumn is going to get ugly.
“Wall Street Is Paved With Cathie Wood Wizards Who Had 1 Brilliant Idea in a Row”
ByS, good summary. I can add, and have here, another ten reasons why CW is a fallacy so I’ll spare everyone another rehash of the multitude of issues in CW and ARKK.
More interesting to me now is from sociological and market psychology viewpoints how she captivated the investors she did so ardently.
IME most of her ‘investors’ skew younger, are relatively new or uneducated about markets, and a bit forward/progressive thinking.
They are not a bunch of white guys in their early fifties in flyover country with fat IRAs nor are they NYC financially astute types.
Think about it, if you were to sketch a messenger for the former group could you think of anyone less likely than someone their grandmother’s age who is an overt religious zealot?
Even more perplexing given this setup the more occurrences that demonstrate the underlying issues with CW and ARKK the more fervently this group advocates for her.
It’s bizarre really…but somewhere in this weird phenomena is something important to understand.
Here is a news flash for everyone. You can’t be TURNED gay.
Lib, I’m going to wait to see on that one. There is a couple at my daughter’s elementary school. The wife is batsh1t crazy and the husband is clearly transitioning. He already looked very feminine and now he’s grown boobs. When they had their 1 year old in the carriage two years ago, if you asked him what the sex was, he would reply, “non-binary”. It’s a boy, but he always dresses the kid in pink. I’m very curious to see how this plays out. Obviously, I’m of the opinion that internal biological mechanisms obviously trump everything, but that doesn’t mean that they can’t screw the rest of the kid’s life up with hormone therapy and puberty blockers along the way.
One minute it’s a legal topic, one minute it’s biology, one minute they want to explain sexual preference. How about progressives keep their social agenda out of schools so they can stick to teaching something productive or let’s bring back religion for whoever who wants it.
Norm MacDonald on taking pride in your childrens’ sexuality:
https://www.youtube.com/watch?v=iX_gUQeZcB8
They are investing in the future, something you have no stomach for. I can’t stand how people think cathie wood is an idiot because her funds got smashed in a bear market. Why don’t we reverse it…how dumb are the value investors who got smashed for 9 out of the last 10 years, and then have the nerve to run victory laps on the one good year they have had. 🤡. Losers. Don’t want to risk anything, but then bash the people that are. World is changing and value investing is dead. Losers drove coke up to 27 times earnings, talk about a bubble. Meanwhile they are selling google which is only 17 times earnings. Jokers. Can’t wait till they get slammed.
“Wall Street Is Paved With Cathie Wood Wizards Who Had 1 Brilliant Idea in a Row”
Alright, guess I’ll take the knee-jerk reply.
“If you were to listen to the right-wing dogma, you would think public schools are where your kids are converted into homosexuals and perpetual slavery apologists.”
Noooo…to my point, if you stop listening to the left-wing’s caricature of the opposing view you would realize the above is not a true statement which was the basis of me asking you to take some consideration before replying.
“Here is a news flash for everyone. You can’t be TURNED gay.”
Anyone with a half a brain recognizes the above and no one I know among my ‘right wing’ circles believes otherwise. If I had the time to engage – like you I need to get back to something productive – I would start with getting into a debate over what the definition of ‘gay’ actually is….and personally would argue the definition is not as clear as one may first suppose…
And a tip…cathie wood is smarter than you when it comes to investing. She is one of the smartest people in the room. Understand this. Not many could do what she has done.
Gender identity is a social philosophy. LGBT from a civic perspective is a legal standing. You think 6 year olds are ready to learn those things?
Yes, this is infinitely more important than understanding static equilibrium during vital bridge construction or studying stochastic modeling and liquefaction hazard caused by ground movement in populated locales. This way, when the person who identifies as a house plant dies, the alphanumeric community can muse over ze’s essential nature as ze’s greatest achievement in life.
I’m a venus fly trap.
Regarding age appropriate discussions I generally agree with the ranges presented by posters here for the topics offered….but that is not the point.
The point is that the opinion of the correct time is mine to make (and yours, and yours, and yours…) and how the topic is presented is mine to make (and yours, and yours, and yours…).
No one gets to discuss sexuality and genitalia with an eight year old without the explicit consent and invitation of the parent.
I don’t see how the above statement is in any way reactionary. It used to be (is?) the definition of a sex offender.
And, further on someone’s point about the role of schools and their success in various mandates….yes, given that so many fail miserably in their primary mission of teaching basic facts and comprehension of inviolable processes why in the world would anyone promote them teaching more fluid and complex topics?
Giving schools the portfolio of sexual identity at age 8 when they can’t even produce with regularity 18 year olds competent in basic math and science and fluent their own native language is like seeking out Bernie Madoff post-conviction to manage your entire wealth.
No one talks to my eight year old about their sexual identity and genitalia without my full consent. How is this view controversial, anti-gay, or bigotry?
Now back to the mines…..
“22 days Pumpkin-free”
On topic, with some Irish humor. NSFW
https://youtu.be/LX7_OMBaUcQ?t=29
N.J.’s Hot Felon of the day:
https://dailyvoice.com/new-jersey/morris/news/garfield-woman-accused-of-threatening-man-with-gun/831079/
Yawn, another dipshit blaming teachers and schools for the failures of parents. Does it make you feel good to belittle schools and teachers? You are the reason I will never work in a high end district…parents like you who talk down to the teacher.
Let me play the same game. You were in banking. How did you totally f/k up our economy? Wtf is wrong with you bankers? You had to get bailed out by the FEDS. Can’t do your job? Not paid enough to do a good job? YOU FAILED MISERABLY.
“And, further on someone’s point about the role of schools and their success in various mandates….yes, given that so many fail miserably in their primary mission of teaching basic facts and comprehension of inviolable processes why in the world would anyone promote them teaching more fluid and complex topics?”
I disagree with you on a qualified basis. Young people can be influenced through peer pressure to believe certain things about themselves that simply aren’t true. My wife went to Bryn Mawr. She got to see extreme behavior, only to see it walked back as people entered true independent adulthood. In the same way we shouldn’t be allowing kids to get permanent tattoos, there are thing best left until later on…….
Libturd says:
April 27, 2022 at 10:38 am
Here is a news flash for everyone. You can’t be TURNED gay.
I remember 20 years ago people claiming that advertisements for Barbies and various toys and tv shows were brainwashing kids into accepting gender stereotypes. Now the same kinds of people politically are saying that this is impossible, when it’s their favored gender norms that are being promoted.
1990: This Barbie doll dressed up as a nurse in high heels is brainwashing my daughter into accepting gender stereotypes!
2022: This Barbie doll with a strap-on accessory for zer non-binary lover Pat is a great lesson for diversity and inclusivity for my child, whose gender I’m not assuming until ze picks a very diverse one.
BRT, I agree my kid has classmates with 2 moms or 2 dads, she asked us about it. We had a neighbor 4 houses that was a same sex couple as well with a son. I don’t agree with the need to have curriculum for this starting at 2nd grade, there are way more important things they should be focusing on but it is liberal dogma that gets the attention rather than fundamental education. When the kids are 11 or 12 sure have it as part of the sex ed curriculum, but at 7 kids aren’t “gay” or “transgender”. I also agree with lib people don’t “turn Gay”, now that being said lots of people can switch hit so to speak so if it is accepted they will be more willing to take same sex partners for others they are firmly attracted one way or the other. The transgender situation can get very confusing for young children if not handled correctly because we need to be very careful with what we are teaching, a girl can never actually be a boy and boy can never actually be a girl physiologically. For young kids gender can have a different meaning that has nothing to do with actual gender but more to do with gender norms and expectations. Only in very extreme scenarios does a “transition” make sense and it is something an adult needs to decide for themselves not a child.
As for the “CRT” they are teaching, they are right it isn’t CRT, it is pseudoscientific nonsense with no academic basis at least actual “CRT” has some academic framework around it as flawed as it may be. The big issue is the biggest victims of what they are teaching is the minority students. It is very damaging and demoralizing, history should remain history, we should teach about the sins of the past so as to not repeat them in the future. Teach the next generation optimism so that we can have healthy race relations, do not give them the baggage of their parents/grand parents/great grand parents. Kid’s typically don’t have issues with race(unless it comes from the parents), I see it first hand my daughter’s group of friends looks like a United Colors of Benton ad, little kids don’t even notice race.
So how do you explain the people that were brought up in an ultra conservative household and were heavily influenced to hate gays and think it’s wrong, but then still come out of their shell later on in life after living a lie?
chicagofinance says:
April 27, 2022 at 11:59 am
I disagree with you on a qualified basis. Young people can be influenced through peer pressure to believe certain things about themselves that simply aren’t true.
Lib: It’s no different than the radical lefts view that this country is awful, and racist and misogynistic from top to bottom, and there is absolutely nothing good about it.
And yet, we are the first truly multi racial/ethic country, and millions from all races, ethnicities and creeds have proposed here. It’s exhausting to listen to it.
Same with the Liberals who about our how they hate racism and racists, but then when you suggest low and moderate income housing in their town, they come up with torturous explanations as to why it would not make sense in their town, or other Liberals who come right out and say they don’t want low/ moderate income housing in their town as it will hurt property values and bring down their schools.
There is much good in this country, but much that remains to be done, and building and moderate income housing is one of the tools that should be used, otherwise segregation and inequalities in education will continue.
Pumps you just made Chi’s point for him. External influence can work either way…. Whether it’s convincing someone they are gay when they really aren’t or convincing someone they are straight when they are gay external influences could confuse children, eventually the truth comes out one way or another.
I bet more than a few who proudly identify as liberal would not be a that comfortable if or understanding if one of their children came out as gay. I also know for a fact there are Gay people who politically are conservative.
“No one talks to my eight year old about their sexual identity and genitalia without my full consent. How is this view controversial, anti-gay, or bigotry?”
In 1977, I was in 3rd grade and learned that my penis was involved in reproduction. It wasn’t until 5th grade that we learned how Mickey and Minnie’s parts worked together. It’s a good thing too, because lord knows that my recently divorced parents weren’t going to cover the topic. Of course, most likely due to the religious right, they never covered condoms, to my demise, when a 13-year old girl from Spotswood seduced me when I was 12. I shared this story before. It took a lot of paper routes and news paper deliveries to pay to take care of my mistake too.
Now I don’t blame the schools for letting me impregnate a 13-year old who came pretty close to raping me (if I knew the odds, I would have certainly pushed back against my raging animal instincts). But, this does explain where my perspective on abortion, sex education, etc., all come from.
As a father, I have chosen to raise my kids completely opposite to how I was raised. I am an open book and topics that many consider taboos, we discuss openly and without fear, or shame or anxiety. Whether it be finances, the future of the “D”, gender and race issues, or drugs and booze. I’ve already picked my son up from a party for drinking more than he should have. He called me because he didn’t trust his ride (who was also drinking). I was never prouder. My step-father would have whipped my ass if I called him at 2am for a ride home. Heck, my brother got caught smoking weed and my dad left him in jail overnight to punish him.
So it’s all about perspective. Not politics for me. I am not scared of anything my kid’s school teaches at any age. For it’s already been covered at home and quite frankly, life is hard and often not fair. For example, my older kid was just screwed out of a peer leadership position. The school system allows the current peer leaders to choose the Senior Peer Leaders for the upcoming year. Fpr those not aware, the peer leaders are supposed to work with 8th and 9th graders to steer them away from potential problematic teen issues. There is hardly another kid more qualified for this than my older son. Well since the majority of the current PLs are basketball players, they essentially recruited the rising seniors from the basketball team. Of course, these are the party till you puke kids and most of them are potheads. It taught my son a valuable lesson though. In this world, being shallow and popular is usually more important our world than caring, working hard and having good morals. I told him I was super proud he applied for it and not to feel defeated. Truth be told, he gets to hang at parties with immunity for the next year. The other guys will all have to scram before the police are called. :P
Jcer,
Fair enough, but a teacher is not influencing a kid to be gay or not. Let’s get real. Lying about your sexual preference is not being influenced….it’s acting out of fear. Aka lying to avoid punishment. It’s not making someone gay or straight, it’s only getting them to hide their true feelings out of fear.
Bergen Co Police Sargeant arrested for stealing 75k in PBA funds. I assume he gets off lightly, although probably no pension as he is only 35.
3B,
I know those three guys too. :P
Chifi,
As usual though, I agree with you. Which is why education is penultimate to good parenting.
So here is an honest question for the good people of the blog. Are kids parented better today than when you were raised?
I often ask myself this as I have noticed a selfishness in society that seems to be growing. Perhaps due partially to social media, but I even so, it can be overcome by good parenting. People no longer signal when they are turning in their cars. People don’t clean up their tables in fast-food restaurants and I can’t remember the last time someone held a door open for me. If you don’t lock something up, it’s essentially not yours. People park in disabled spots without placards. They drive like indy racers on the GSP. God forbid someone lets you change lanes and they lose that 1/3rd of a second that the car length represents. So I am solidly on the parents suck more NOW team. I ask this, because it plays in to what roll the schools should play when it comes to trying to compensate for this loss of decency that people seem to suffer from.
What say you all?
Having a gay child can be a benefit. There’s a good chance that they won’t have children and they can spend all of that discretionary money taking care of their dumb straight parents who were too busy making a family than to save for their own retirement. Plus, your home will always be decorated well.
“As a father, I have chosen to raise my kids completely opposite to how I was raised.”
Key phrase being of course ‘your choice’.
“So it’s all about perspective. Not politics for me. I am not scared of anything my kid’s school teaches at any age. For it’s already been covered at home…”
Again, key phrases being ‘perspective’ – specifically, yours…and ‘covered at home’ – specifically on your timeline and with your content for your kid whom you know better than anyone else.
We’re closer than you think…my QED on the above leads to exactly where you are…your choice, at home. Not in second grade for a one-size-fits-all introduction by some stranger of a topic that is perhaps the most personal and existential.
Here’s a question for you to noodle on given a couple of our similarities…My kids had a hockey coach that we and many other families considered more than just coach. Someone who coached all my kids and whom I trust implicitly. Every clearance and certification in hand required by the sport, also a teacher. Let’s say one day he started talking to my youngest son’s Mite locker room (8 year olds) about their sexual identity and genitalia. What in your opinion should I feel and what should I do? What in your opinion should and would the Blues and USA Hockey do?
Looking for a considered response. And recall I can answer that last question with 100% accuracy.
I hate to say this, but these are the facts. Selfishness is out of control. Hope it starts to change. I believe it will, but will take time. Parents have to lead by example…a lot of selfish parents out there that treat their kids like punishment instead of the gift that they are.
“I often ask myself this as I have noticed a selfishness in society that seems to be growing. Perhaps due partially to social media, but I even so, it can be overcome by good parenting. People no longer signal when they are turning in their cars. People don’t clean up their tables in fast-food restaurants and I can’t remember the last time someone held a door open for me. If you don’t lock something up, it’s essentially not yours. People park in disabled spots without placards. They drive like indy racers on the GSP. God forbid someone lets you change lanes and they lose that 1/3rd of a second that the car length represents. So I am solidly on the parents suck more NOW team. I ask this, because it plays in to what roll the schools should play when it comes to trying to compensate for this loss of decency that people seem to suffer from.”
1:18 that’s a “no” from me dog.
That’s a little weird. Why is a hockey coach talking about sexual identity? At the end of the day, you think a teacher wants to teach sex ed? Think about it. I know I don’t, but give props to the teachers that do it. Not fun or easy to talk about, esp with crazy parents ready to murder you for saying anything they don’t agree with.
“Let’s say one day he started talking to my youngest son’s Mite locker room (8 year olds) about their sexual identity and genitalia. What in your opinion should I feel and what should I do? What in your opinion should and would the Blues and USA Hockey do?”
Well I would guess the Blues would fire him and USA hockey would sanction the program. I am familiar with SafeSports, the program USA Hockey uses to make sure any adults that participate in any manner with the program are both vetted for sexual criminality as well to educate the adult in best practices to avoid liability. For example, if you carpool with another kid. Always drop the other kid off first, before dropping off your own. The truth is, the liability is so bad (and Nom spoke to this once) that you are best off not volunteering.
My son’s team has a unique coach. He is trying to teach our kids some life lessons to go with sports. But he let us know ahead of time. The coach does not want parents helicoptering. On our recent trip to nationals, we were to drop the kids off at the curb at EWR airport and not see them again until after they were checked into the hotel in Detroit. Sadly, his kid is the most immature, but isn’t that always how it is? Nonetheless, the key is that he let us know ahead of time.
I think as long as parents are aware of what the school is teaching and can opt-out of it if they choose, than I’m cool with nearly all of it. Heck, parents can already opt-out of vaccinating kids for common childhood diseases. I’m sure they can get their kids out of sex ed. if they choose.
https://southpark.cc.com/video-clips/8uft43/south-park-gayer-than-you
You know Lefty, we did have a situation where a player from an opposing team called our one African American player the N word. Of course our dumb kids wanted to use it as an excuse to use violence against the other team, but our coach smartly intervened and told everyone to drop it and handled the situation properly. There were no witnesses besides our kid and their kid denied it. Plus this was the second most immature kid on the team (and trust me, the team is a bunch of spoiled brats and maybe three responsible kids) so it is possible he made it up. So the coach shared the outcome of the investigation and the issue was handled perfectly, IMO.
Our own, personal, Jessie!
“Well I would guess the Blues would fire him and USA hockey would sanction the program.”
Correct. And it seems that from your statement below you confirm, again, that it is a parental choice.
As parent of my kid I would not take kindly to that trusted family friend (coach) having that conversation with my eight year old. Nor would the organizations with a fiduciary duty to my child. So why in the world would I ever yield that responsibility and privilege to a complete stranger in the classroom? Or be expected to do so?
“I think as long as parents are aware of what the school is teaching and can opt-out…”
chi, you seeing this fuckery on FB?
You are losing your mind. Hockey coach being compared again to a teacher. The level of disrespect is obnoxious.
At the end of the day, your child should be locked in your house and homeschooled. The real world is much too dangerous for your children.
leftwing says:
April 27, 2022 at 1:49 pm
“Well I would guess the Blues would fire him and USA hockey would sanction the program.”
Correct. And it seems that from your statement below you confirm, again, that it is a parental choice.
As parent of my kid I would not take kindly to that trusted family friend (coach) having that conversation with my eight year old. Nor would the organizations with a fiduciary duty to my child. So why in the world would I ever yield that responsibility and privilege to a complete stranger in the classroom? Or be expected to do so?
Why don’t you compare your doctor to a hockey coach? Asking for a friend.
You see elon musk’s latest tweets? What’s his problem? Why is he getting all political? Wonder what his agenda is because he is acting like a child with these tweets. Like a frat bro.
Like he goes after gates big gut? Wtf is that?
2:42 more similarities than differences between that coach and a teacher.
Think about it.
Believe me when I say what people “think” about a profession is irrelevant.
As long as the paycheck cashes.
You are losing your mind. Hockey coach being compared again to a teacher. The level of disrespect is obnoxious.
My baseball coaches from age 10-12 were some of the most influential people in my life. They had no kids on the team or in the league, did it for fun, and purposely didn’t choose any of the star players. They ran a dynasty in Bergenfield, winning the Major’s little league title 7 years in a row. They were the ones who taught me how to be a winner, set expectations, work through adversity, and most importantly, outwork people more talented than me. That approach stayed with me my entire life and it’s served me very well in life.
left: FB? you are such a lucky bastard…… let’s see whether Zuck (fka Mr. Roboto) sticks his foot in his mouth….
Here is a current perfect example…..
http://coltsnecktrack.com/coaches/coaches.html
BRT says:
April 27, 2022 at 3:48 pm
My baseball coaches from age 10-12 were some of the most influential people in my life. They had no kids on the team or in the league, did it for fun, and purposely didn’t choose any of the star players. They ran a dynasty in Bergenfield, winning the Major’s little league title 7 years in a row. They were the ones who taught me how to be a winner, set expectations, work through adversity, and most importantly, outwork people more talented than me. That approach stayed with me my entire life and it’s served me very well in life.
Boo-yah FB and PYPL…..chi, breathing a bit easier right now. Have to admit I was a bit oversized on FB….I usually don’t walk that wire and nearly never without a net but the analysis was solid….
In other news, did anyone else short that specialized call center masquerading as a healthcare company which in some inexplicable way even to the company is a genomic business in the phantasmal mind of CW?
TDOC $56 —–> $34 after hours. Down 40%.
Cathie strikes again! You go girl!
“left: FB? you are such a lucky bastard…… let’s see whether Zuck (fka Mr. Roboto) sticks his foot in his mouth….”
Just dumped any shares not covered by call writes….still have covered shares and expiring put writes….I did throw on some more put writes today when vol exploded with that fake earnings release, went ‘conservative’, Jun 140P….if I can book 50% overnight will unload tomorrow….
Cathie strikes again! You go girl!
Just know, she’s way smarter than you.
Lib,
Hope you are doing ok, I know your plate is full.
Parenting different today, yes but social media and environment also changes things exponentially. Kids today seem tobe undisciplined. In my day, mouth off to a teacher and to 2×4 came out.
I think a lot of the problems would go away if, upon turning 18 / graduating from high school both men and women reported for basic training followed by two years active duty. This would instill descipline, the idea of service and sacrifice. it would also improve our foreighn policy. Ask any politician how they would feel about implementing this and they will dance. Left or right, most parents dont want their kid going into harms way. A majority of our armed service members come from 7 states.
Here are some good examples to set for the youth today to emulate:
https://www.wallstwatchdog.com/money-career/its-not-just-donald-trump-these-famous-americans-also-received-draft-deferments/
What about Karen? Doesn’t she need some discipline?
I work with today’s youth. They don’t need discipline. It’s the adults that do.
Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) fell 2.2% and ARK Genomics ETF (ARKG) 0.65%. Both hit 23-month lows intraday. Tesla stock remains the No. 1 holding across Ark Invest’s ETFs. TDOC stock also is a major Ark Invest holding, as fund manager Cathie Wood added to the position recently. ARKK and ARKG fell down solidly overnight.
It’s amazing. The 20% post market gain in FB (nice call Lefty, though I would bail amidst the possibility of other poor tech earnings like Google displayed, or likely the impact of inflation on Amazon which releases tomorrow) has the Nasdaq up 1%. I may sell off 10 or 15% of the stuff I went back in on about 5% higher than we were today.
I think Amazon is still grossly undervalued for the longer term. But I don’t like it at all in the short-term. I still think Apple and Amazon are the best long-term tech plays with reduced risk. Though Apple could use a trimming of it’s multiple.
The army. Fuck that.
The cost of existing credit card debt will rise by $3.3 billion this year if the Fed raises its target rate on May 4, as expected. More rate hikes are expected from the Fed throughout 2022, too, further putting on indebted consumers.
As if the cost of fuel and food wasn’t enough, we tend to forget about the hidden areas where we’re getting smacked, too.
Speaking of $3 Billion.
The crack team down in Trenton lost + 3 billion as of March 31st in the pension fund, they like Joe Biden blame the war the the reality is the fund was down before that.
Fund’s market value is now down to $94.7 billion as of March 31 That would be about $3 Billion lost from Jan 31st to March 31st 60 days.
Their top domestic holdings approx 27% are tech stocks.
Stock %
APPLE INC 6.13
MICROSOFT CORP 4.71
AMAZON.COM INC 2.89
VANGUARD S+P 500 ETF 1.83
VANGUARD TOTAL STOCK MARKET ET 1.79
ALPHABET INC CL A 1.73
TESLA INC 1.67
ALPHABET INC CL C 1.66
META PLATFORMS INC CLASS A 1.58
NVIDIA CORP 1.30
Only recent report in Jan 31st.
https://www.state.nj.us/treasury/doinvest/pdf/DirectorsReport/2022/JanuaryFinal.pdf
Apparently the Biden Administration is close to approving across the board cancellation of student loan debt up to 50k. Thanks Joe. And to the millions who paid their loans and or the parents who paid for their kids tuition, so what who cares.
3B- it’s been the plan all along for the Mid-Terms. Last March they snuck in a provision in the 1.9 Trillion dollar coronavirus relief package to make canceled student loan debt non-taxable. Before it was considered a tax event. If it really is $50,000 that used to mean having to write a check to the IRS for $10,000….Well no more for you see money if free now. Everyone gets a pony.
Deficits don’t matter anymore either…..Strange times we live in..
Theft will increase. More car jackings, more burglary. Gotta pay those bills.
“The cost of existing credit card debt will rise by $3.3 billion this year if the Fed raises its target rate on May 4, as expected. More rate hikes are expected from the Fed throughout 2022, too, further putting on indebted consumers.
As if the cost of fuel and food wasn’t enough, we tend to forget about the hidden areas where we’re getting smacked, too.”
Juice,
And during the subprime crisis, everyone who did the right thing (bought with a large downpayment) got nothing. Those with zero to 5% down? Don’t worry, we got all kinds of programs for you. Stop paying, it’s okay.
Joe has been ringing up the credit card too and well the interest rates are rising.
$2.8 trillion Deficit Last year. Post pandemic we have a run rate of about $200 Billion a month deficit. $315 billion in receipts for March 2022 and $506 billion in spending, so we are on track for somewhere around $2 Trillion deficit this year.
Free money for everyone.. Heck I hear the boomer pensioners were clamoring for cost of living increases, so we pre-bought their vote for the mid terms too.. 5.9% cost-of-living adjustment to their monthly Social Security checks, the highest increase in about 40 years.
Juice: So that non taxable provision on student loan debt is law now I would assume. Unbelievable. It is as you note a great way to help the Democrats win in the mid terms, but on the other hand it will anger millions more like myself. It’s a matter of fairness, it’s simply not right, and a kick in the teeth to those who paid the loans back or sacrificed and took no loans. There is simply no point in doing the right thing.
By the Way the entire Gender Bender curriculum in schools is the greatest diversion a politician could as for ever, your CHILDREN.
People are too busy trending this crap the care about the real issues.
Parents in wealthy Ramsey NJ are up in arms about the book “Lawn Boy” being in the skool library. (never mind that the kids have the internet in their pockets 24 x7).
It’s really a light read, it’s a simple novel about your mexican landscaper that takes on tough issues such as race, sexual identity, and the crushing weight of American capitalism.
https://www.amazon.com/Lawn-Boy-Jonathan-Evison/dp/1616202629
Lib: So true. I remember watching CNN and they had a couple on, talking about how they were in danger of losing their home. She was a school Principal and her husband a teacher, they bought their dream home, blah, blah, no money down, sitting in their high end kitchen, claiming they were fooled and the broker told them they could afford it, they had no idea on rate changes, no one told them, blah blah. Of course they could have read the HUD statement, but whatever. This country blows!
” There is simply no point in doing the right thing.”
The new slogan of America.
Fixed it for you. Daddy’s are too busy working and don’t care about this.
“Mommies in wealthy Ramsey NJ are up in arms about the book “Lawn Boy” being in the skool library. (never mind that the kids have the internet in their pockets 24 x7).”
I gave up on concerning myself with moral hazard in 2008. Now, I borrow the most I can at the lowest interest rates possible. My goal in life is to die owing the most debt. I have around 400,000 in available credit card debt. My home in Vegas will be financed to the hilt at the longest term possible (probably avoiding mortgage insurance). The Costa Rican government seems to be much more equitable. I will probably buy with cash down there.
So my retirement plan will be a scale. On the left side of the scale will be as much debt as I can possibly assemble with the lowest monthly nut possible. On the other side of the scale will be my multiple millions in cash generating more than enough interest to pay that minimum payment. The key to playing this moral hazard game sucessfully will be to gift the cash away to family members and lend the money discreetly to low risk borrowers. The rest, will be in a trust for the D whose death beneficiary will be his older brother (who has an excellent shot of living much longer).
Does this qualify me for a position in the US Congress?
Cancelled debt – I am literally shaking my head in disbelief at the depths the democrat party in this country is willing to sink to seize power. Everything they touch or propose turns to absolute shit. What happened to the party of our fathers and grandfathers? They are an absolutely freak show of rampant, witless, clueless dopes. G0d help us.
Lib: Go for it! Plan and strategize save on one side borrow on the other then die with the debt, while your money is protected for your family. I love it!
“absolutely freak show of rampant, witless, clueless dopes”
Sounds exactly like a Trump supported Q’anon rally. Sadly, the guy with the horns will be stuck in prison until Harris is in the White House.
Think positive.
With all of that student loan money discharged, the youth can afford to pay boomer maximum money for his beautiful NJ home.
A win-win.
3B & Lib – Again who are they trying to buy here for the Mid-Terms?
Seniors got their 5.9% increase starting in January so they were bought already.
As far as student loan debt. 43% of the 2020 Biden electorate graduated from college. 13% of the country has student loan debt. Allot of the larger amounts of Debt is that of that of high-income earners and those with graduate degrees approx 45% of this debt is from student loans for graduate school. Why is the democrat political party transferring a valuable benefit tax free to them? Mostly rich white people, who can afford to pay it?
They are still a crucial constituency for the mid-terms no matter what the media says, and the only thing they understand is money.
The stories don’t all align with the headline.
https://www.cbsnews.com/news/florida-least-affordable-state-us-miami-tampa-orlando-naples/
Florida is now the destination for higher income folks.
Politics is for the birds. The hypocrisy is never ending. Bernie and AOC blocked the removal of the salt tax on the basis that the rich benefit…meanwhile who do you think college graduates are? Wtf moment. It’s all a joke, and the joke is on us. F politics.
“As far as student loan debt. 43% of the 2020 Biden electorate graduated from college. 13% of the country has student loan debt. Allot of the larger amounts of Debt is that of that of high-income earners and those with graduate degrees approx 45% of this debt is from student loans for graduate school. Why is the democrat political party transferring a valuable benefit tax free to them? Mostly rich white people, who can afford to pay it?”
On student debt. My older sister still carries around $50k worth of debt from 2000. My younger sister still has $20k in debt. Both could have paid it off years ago minus a few vacations to Europe. They are both clamoring for a bailout. Silly me, paid off $48k from Rutgers in 18 months at age 22.
There are small bubble communities in Florida that attract specific types of people for very specific reasons.
Sorry, spent months in Miami. Living there is not something I’d consider, and I was offered relocation opportunities before.
Would I live in the keys? Sure, but that’s t like saying I’d live in Bermuda or Hawaii. Well hell, of course I’d love to live there. Is it feasible? No, probably not.
Both sides play the same games every time. Whether it be gerrymeanding districts, fuckery with election rules, pre-election gifts (of your own money). The right’s list of complaints about Biden look exactly like the same list of complaints the Left had about Trump.
Trump is to old to walk down and ramp and can’t drink a bottle of water properly. Biden looks lost at a podium and stumbles down the ramp of a plane. Biden and Harris are having tons of turnover in their administration. Trump has fired more members of the White House than any president before. All Trump does is appoint federal judges. All Biden does is elect federal judges. The list goes on and on and on. At the end of the day, they are both out to enrich themselves and their cheerleaders support it.
BRT: Yep, you are a fool, like so many of the rest of us. We should all take a page out of Libs book, copy his strategy!
Lib: True, and each side believes they are morally superior to the other, when in fact they both blow.
Lib: And I would add Harris is a complete moron.
Grim,
Had a sister who lived in Hawaii for about three years. At the end of the day, it was the cost of eating more than anything else, that made it impossible to save. There’s a reason that even nice hotels have charcoal grills for their guests.
Oh BRT. My kid was cruising through the AP study notes/tests you sent him. He said they were extremely useful. Especially since they differed from the ones his chem teacher offered. Very useful. Thanks. He scored a 43 of 50 first time through. Still has till Tuesday to figure the rest of this out. He says it’s tedious and boring. Likes AP Psychology test prep so much more. He is taking a total of 6 AP courses between this and next year. I told him if he gets a 4 or higher on all 6 exams, he can take one less course each semester in college which is a real benefit. Or he could try to graduate in 3 years and save me a boat load. He liked the first of the two options.
No One.
Interesting story about that woman who moved to Tampa from NJ during the pandemic, but that would not be a typical relocate. That family moved to Jersey in Feb 2020 and decided to leave town by Christmas. They uprooted their children three times in one year from schools and friends, and they moved a a few times before as well. Husband is not mentioned but I looked him up, he was at several Blockchain startups including commuting to one from New Jersey to Brooklyn and now if trying to make it in Blockchain with his own Defi startup down there.
I gather with ringing the register in NJ for a quick $200k profit and now only a $1500 a month mortgage payment the price may be right in Tampa.
She is however a good writer and worked for Blackberry when it was imploding and does not ever want to go back to corporate life. She coaches now too. Nice story about taking chances. Most of us are not going to uproot out families every few years, to the ones that do I admire their drive.
Lib,
Forget it. Talking about Trump… blah… blah… and erect1ons and Marjorie whoever and mean tweets and on and on means the progressive left has nothing, absolutely nothing on their plate that talks about a better America. They’re an angry, resentful bunch trying to normalize their inadequacies. It’s pathetic, weak, sad, feeble, woeful and miserable. The left and democrat party is a dark, gray, damp day with no uplifting message, no direction and no results. They’ve replaced conTENT and conTEMPT.
We had owned a business down in Miami. I would go down once a year and spend a few days workign with the tech teams . I would spend my free time loitering around Miami. After a while I would hang around South Beach wearing a monochromatic linen pants suit paired with t-shirt and loafers. I knew then without a gun and badge that life was not for me.
https://i0.wp.com/bamfstyle.com/wp-content/uploads/2019/09/mv-sc-101-white-main2.jpg?ssl=1
The right’s list of complaints about Biden look exactly like the same list of complaints the Left had about Trump.
The difference? One side has a list of achievements and the other side has a list of failures.
We once owned a business down in Miami. I would go down once a year and spend a few days working with the tech teams, nice folks would take me to the best local places for lunch etc. At night I was alone so I would spend my free time loitering around Miami. After a while I would just hang around South Beach wearing a white linen pants suit paired with a teal colored t-shirt and loafers. I knew then without a gun and badge that life was not for me.
https://tinyurl.com/yc4kd7t7
Lib, good to hear. I’ve stopped tutoring AP Chem the past few years because I just have too many requests in Physics alone that I don’t have time to fill. But Dr. O’Malley’s notes, problems, and solutions are good enough for anyone of high intelligence to teach themselves the entire subject. This is the irony of teaching is that these companies make millions of dollars making these study guides for AP classes when the teachers themselves make far superior materials and give them away for free.
My wife’s parents were immigrants. Hardworking and low paid. Why did they sacrifice to pay for my wife’s college at Northeastern University in Boston? No financial aid. You know how much money that was? They didn’t get to go on as many vacations as they would have liked to pay for this and sadly now my father-in-law passed in 2015 at 66..leaving my mother-in-law broken hearted and lost without him. She consistently tells us to live now and not plan for retirement because it might not come. They had all these plans for vacations when they retired…too bad it never came.
This college debt move is a slap in the face to all hardworking individuals doing the right thing. These are the individuals that carry society. I say it all the time to 3b, most workers are useless. It’s the minority carrying the load at every business and every corner of society. It’s f/ing bs. Losers hiding behind excuses and looking to power hungry politicians to sell their vote for sh!t in return. Scumbags. F this. I’m about to stop caring as a teacher and citizen. What is the point? Can chill, not work, and live off everyone else like a leech.
Why the hell am I almost debt free? Should have bought a porsche instead. Suckers pay off their debt and the debt of everyone else.
BRT says:
April 28, 2022 at 9:11 am
On student debt. My older sister still carries around $50k worth of debt from 2000. My younger sister still has $20k in debt. Both could have paid it off years ago minus a few vacations to Europe. They are both clamoring for a bailout. Silly me, paid off $48k from Rutgers in 18 months at age 22.
So my wife and I both paid for our college, and have worked hard to pay off our mortgage debt. What does that make us…the biggest suckers in our generation cohort. Then they will slap a salt tax on us because we are “rich” to help pay for other people’s tax break. Wow, the joke is on us. It really is.
So many people crying and blaming, but do nothing to help themselves. Then they try to eat from the plate of the hard workers because they did nothing to put food on their own plate.
And then you wonder why I hate the WFH movement, 3b? It’s for the f/ing lazy to take advantage of the hard working. They sit on their ass at home with no supervision doing the bare minimum on their daily “to do list.” Maybe working 2-3 hours a day while get paid for 8 hrs. F them. Make them suffer for being lazy, don’t give in to that bs.
Well we’ve never spent a single penny on Kumon or the like. Not even SAT prep, as we have a relative who does this for a living, helping our son gratis. We are in the minority when it comes to not sending our kid to every tutoring, test-prep and $100 per hour academic opportunity that is hawked. My son does stay Period 9 (after school) to get extra examples from his teacher when he is unsure of himself.
Not that the rankings matter all that much, but Glen Ridge really kicked ass in the US News rankings this year. Number twelve overall in the state, and the highest non-magnet (don’t test into) public school in the state. I can vouch for the teacher’s dedication (in most classes) to their students. If your kid has special needs, though. Move to another town.
Lib – re: US News rankings
Your town demographics, for such a tiny little sliver of NJ with a population of only 7,574 people.
78.8% bachelor degree
Graduate or professional degree 33.5%
70.6% adults now married.
77% are liberal crackers too who voted for Biden.
I can see why you want to flee to Costa Rica.
This is going to end badly. They don’t have the jobs to support the pricing. It’s boomer driven market. I tried to warn anyone that would listen to not move there on the basis it was cheaper than NJ. They don’t listen. Said it over and over during the last decade, these other places are going to become just like NJ, but more expensive. Don’t do it….they didn’t listen.
You want to avoid places where all the rich boomers were moving to. It’s common sense when it comes to economics. Too late now. Mistake has been made.
No One says:
April 28, 2022 at 8:52 am
The stories don’t all align with the headline.
https://www.cbsnews.com/news/florida-least-affordable-state-us-miami-tampa-orlando-naples/
Florida is now the destination for higher income folks.
Of course. Like you. We all know that school performance is most impacted by socio-economics. Though occasionally, a few urban schools break the trend, but not without bold and brazen leadership motivating the staff and leadership.
I remember a back-to-school night where my son’s Spanish teacher said all of her students do well. When asked why? She responded that she used to teach in Paterson where even native Spanish speaking students wouldn’t do the work to pass the class. She said she’s never going back and the efforts that the kids put into learning the language here is what motivates her. She kept saying, she’s never leaving here. It was very humorous.
Pumps – Read the story again. They made a quick $200k in 10 months on the Pandemic housing bubble and skedaddled to Florida where they now have a $1500 month mortgage.
Then read what I added, the mother is a work from the beach author/coach raising their two young children. The dad works for his own De-Fi startup now from the beach. I looked into the startup, it seems to be funded by a some big swinging $$$ out of Greenwich Conn. Those folks need tech people to make their dreams come true of disrupting the financial system. He is pulling down $$$ in Tampa while working 100% remotely. I bet he will have a 40 ft boat soon enough too…
Why is the Footsie up 10% over the DJIA in the past 6 months?
https://finance.yahoo.com/chart/%5EFTSE#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-
Now that’s a spicy link!
Recession is here.
GDP fell 1.4 % in the first quarter, what will Powell do?
Welcome to my hell. That’s why I take it personal when people attack urban schools and blame the teachers for the low test scores. Boils my blood. I do my part, but I can only do so much against a tidal wave of students with bad parents.
I hate listening to the bs that the parents are too busy working multiple jobs. WTF, my dad refused to help me on the basis that it was my responsibility to do well in school. If I needed help, it was my job to go to the teacher and get help that I needed so I could get a B or higher, and not get my ass whipped.
I can’t stand listening to excuses. I really can’t. The opportunity is there in any school in America to learn. Like my dad used to say, don’t you dare blame the teacher. If it’s a bad teacher, keep bothering that teacher till you get it. It’s your job to hold that teacher accountable.
We need to bring back the work ethic and accountability to the individual in America. Enough with the excuses. School choice is bs. Whatever school you are supposed to go to, you go to and you work hard to make that school great. If your parents work multiple jobs, pay them back by doing good in school and getting the f/k out of the ghetto.
Stop making excuses. Learning is hard, it’s not supposed to be fun. If you refuse to work hard to learn and put in the work it takes to be successful, then own it. Stop blaming the teacher or the school. YOU ARE THE PROBLEM.
Sorry for the rant, but this is my life. At the end of the day, I’m stuck getting blamed by joe Public for lots of unmotivated individuals who refuse to help themselves because they are too lazy. As if I don’t want them to learn and become successful.
“I remember a back-to-school night where my son’s Spanish teacher said all of her students do well. When asked why? She responded that she used to teach in Paterson where even native Spanish speaking students wouldn’t do the work to pass the class. She said she’s never going back and the efforts that the kids put into learning the language here is what motivates her. She kept saying, she’s never leaving here. It was very humorous.”
re: Of course. Like you.
Nah all things equal we have less traffic, less pollution, and more diversity in the crackers. White flour, wheat flour and even rice flour.
In December 2021, Cathie Wood predicted a return of 40% a year for ARKK. ARKK was trading at 98. ARKK is currently at 46 and change. Reminds me of the South Park episode after the 2008-2009 crash – “And it’s gone!”.
These parents are a bunch of gamblers. Taking crazy risks with their family.
At the end of the day, he is representative of the slim minority in the U.S. population. He is a huge risk taker like Musk and is constantly going all in to make it happen. He is not your typical remote worker or worker in general.
Juice Box says:
April 28, 2022 at 10:09 am
Pumps – Read the story again. They made a quick $200k in 10 months on the Pandemic housing bubble and skedaddled to Florida where they now have a $1500 month mortgage.
Then read what I added, the mother is a work from the beach author/coach raising their two young children. The dad works for his own De-Fi startup now from the beach. I looked into the startup, it seems to be funded by a some big swinging $$$ out of Greenwich Conn. Those folks need tech people to make their dreams come true of disrupting the financial system. He is pulling down $$$ in Tampa while working 100% remotely. I bet he will have a 40 ft boat soon enough too…
Nice pull on the rankings Lib. Looking at the methodology seems pretty legit…no real SJW fudge factors in there.
Re: student debt forgiveness I just don’t know what to say…I’m not trolling or snarking for an R vs. L debate here, just being honest…are the Dems literally trying to throw the midterms? Seriously, I started running scenarios to see if there was an intention to do so, how and why that would work for them…take the Left and Biden-Harris out of play for 2024, essentially throw 2022 for a better chance then? IDK…
Everywhere I go there is an uproar over this, including in the most liberal place I frequent that is mostly dark blue….(yeah, I actually have one or two of those. lol).
It seems to be a fundamental ‘equity’ type issue across most swing demographics with, importantly, each of those demographics having their own anecdotal ‘are you kidding me’ story.
Even ignoring the uproar around basic equity, the multitude of one-off, unsympathetic characters that can be continuously rolled out is going to make for a constant drumbeat of absolutely horrible optics….
I’m at a loss for words…smh.
He is obviously the worker carrying the load. He prob never sees his kids even though he works remotely. More power to him, hope it works out.
Juice: Powell in my view will tighten and tighten hard, and he has the cover of inflation to do it. The excess has to be bled out of the system, and now is the time.
NJ House district maps that were recently redrawn…may have to be re-drawn again. This man’s work was not only relied upon to re-draw district maps for NJ…but other states as well.
https://newjerseyglobe.com/redistricing/princeton-university-investigating-sam-wang-for-research-misconduct-toxic-workplace-issues/
In addition to complaints that Wang created a toxic work environment that included retaliatory acts and job threats, and a possible Title IX violation, three individuals directly connected to the Princeton Gerrymandering Project confirmed that the university is also investigating allegations of research misconduct against the neuroscience professor-turned-redistricting activist. The New Jersey Globe is withholding the names of the three individuals, who fear that they could become the target of further retribution by Wang.
Complaints were filed before and during the time Wang was serving as the advisor to the independent congressional redistricting tiebreaker.
While working on New Jersey redistricting, Wang was accused of manipulating data to achieve the outcome he wanted, the three individuals confirmed.
“He’d fudge the numbers to get his way,” said one individual. “He had an agenda. He was good at hiding it when he had to, but it was clear Sam wanted Democrats to win and he was willing to cheat to make that happen.”
snip
The Democratic map worsened the re-election prospects of one of their incumbents, Rep. Tom Malinowski (D-Ringoes) in New Jersey’s 7th district, while making districts represented by Reps. Andy Kim (D-Moorestown), Josh Gottheimer (D-Wyckoff) and Mikie Sherrill (D-Montclair) more favorable to the Democrats. A Republican map would have made all four races competitive.
Pretty brilliant take. Maybe they know the economy is in such trouble, they want nothing to do with it. They want to let the R’s win and take the hit with the economy? Out there, but maybe that is their strategy.
“Re: student debt forgiveness I just don’t know what to say…I’m not trolling or snarking for an R vs. L debate here, just being honest…are the Dems literally trying to throw the midterms? Seriously, I started running scenarios to see if there was an intention to do so, how and why that would work for them…take the Left and Biden-Harris out of play for 2024, essentially throw 2022 for a better chance then? IDK…”
Lib: Socio economics has much to do with how well kids do in school. And the same liberals that are shouting BLM and Republicans are racist are many of the same who in the same breath don’t want these disadvantaged kids living and going to school in their towns.
And then the Republicans who shout right to life but then don’t want to support poor kids who through no fault of their own are born out of wedlock and into miserable circumstances. They can say what they want about personal responsibility, but there will always be poor children born out of wedlock, or even for married poor that continue to have children they can’t afford. If you are pro life then put your money where your mouth is.
Oh, and chi, out of mostly everything related to FB and PYPL except for some solidly OTM put writes that I’m waiting for more theta decay and some further IV contraction to do it’s magic to capture half of the remaining credits there, likely exit tomorrow…
The portfolio – not the holdings but that entire portfolio – is up 6% overnight on the back of these two trades alone :)
And juice,
Do you honestly think there are enough remote jobs or jobs in general to support the current housing prices in Florida? I stand by my position that any livable place in Florida has been driven up by rich boomers. It’s dangerous to buy there as when the boomer demand drops off, who can replace it?
Jesus, would you stop making excuses for these kids?! I told you how it is. Moving them to a different schools solves nothing. They have zero work ethic when it comes to school. Lib told you the story with that spanish teacher…you think he is lying? It’s the truth. But instead you want to blame the teachers because you hate teachers for some reason…
Why do you think I don’t want them in my daughter’s classroom? So they f’k it all up and occupy the teacher’s precious time with petty bs? Wake up. Has nothing to do with racism and everything to do with being a realist. Yea, school choice is a f/ing brilliant idea if you want to destroy all public schools in America….GTFOH.
3b says:
April 28, 2022 at 10:40 am
Lib: Socio economics has much to do with how well kids do in school. And the same liberals that are shouting BLM and Republicans are racist are many of the same who in the same breath don’t want these disadvantaged kids living and going to school in their towns.
Going to be some epic sales if you choose correctly in small cap growth. Obviously, high risk as some will die.
“It’s not just Ark ETFs, ALL of small cap growth just broke key support.”
Remember, we are in a recession. Long-term investors wet dream at buying opportunities are here and will only get better in the short-term.
Pumps – re: ” He prob never sees his kids even though he works remotely”
Pumps love or hate Florida it does not matter really what state the moved too. For this couple it works..Did you read the article and her blog?
Hubby was wasting 5 hours a day commuting back and forth from Jersey to Brooklyn. Pandemic hit and it all became remote. I don’t think dumping a $4000 a month mortgage in New Jersey and banking $200,000 dollar profit on their flip and decamping to Florida was a bad move. Even is WFH is just a fad and he loses his job he can go bartend for the vacationers and still swing a $1500 a month mortgage while looking for work. It cost more for a 1 BR apartment in Paterson than that mortgage. Long term if they save their money and not trade up (it was a brand new house) and skip the 40 ft boat they may come out ahead.
It’s gowning like crazy down in Florida unlike other states. Long term Florida is building out for millions of additional residents. Many cow pastures off nearly every highway exit are being converted into housing in Florida.
The housing prices are probably not sustainable but for the boomers this is their last purchase anyway to live out their retirement dream before their last time of heading out the door feet first, so they will pay the extra $$$.
Pumps – I am also in the camp that sea level rise will make it a moot point real estate in Florida. The only question really is when. 10 years? 20 years or more? Could be next week too if the doomsday glacier has it’s final moment. Scientists are the only ones that seems to be concerned. As the movie title says Don’t look up!! or in the case of Florida don’t look at the science on glacial melting.
At least ARKK is not at a 52 week low, 70% off its high from last year.
NHMD vs. AARK.
Pancake in the can is the clear winner.
Whenever I look at Draft King’s ticker, my mind reads it as Donkey Kong….
Pumps we know moving them around doesn’t work, just look at Maplewood NJ. They are bending themselves in knots trying to figure out why there are the disparities. All the kids of the mostly white professional people living in the nice areas have test scores in line with good suburban districts while those living close to Irvington who are mostly black and lower income score poorly more in line with places like Newark than the suburbs. The divide is pretty stark and the conclusion black parents/ACLU have drawn is that the district is “racist” but the better conclusion to draw is that external factors explain the difference. I highly doubt the district with minority representation on the school board, in the administration, and in the classrooms is actually “racist”.
Don’t get me wrong there is a lot wrong in urban districts but fundamentally the biggest issue is with the students and moreso the parents than anyone else. Could urban schools be run better/more efficiently, yes, could the teachers be better sure, would it change the end result…not likely. The only way to “fix” urban districts is to seperate the kids who want to learn from those who don’t, money hasn’t helped.
Juice,
Read the article, but not the blog.
This quote says it all.
“Fisch had moved to New Jersey just before the pandemic to be near her husband’s Manhattan job, but by the summer of 2020 both were working remotely and their two kids were attending school from home. On a Christmas vacation in Florida, the family had a revelation. ”
Too many people go on vacation to places like Florida and then associate it with a great place to live. They couldn’t be more wrong. It’s not a good place to live or raise a family. Have to be absolutely crazy to think it is. This family is in the honeymoon stage, and are now trapped in this location because of how cheap their mortgage is. Good luck as more and more people keep moving there. Then add all the tourists and old people, f that. Then when you start to mingle with the true locals that are pissed at you for driving up all the costs and creating all the traffic…f that. Shoot me before I pick up and move my family to that mess.
Florida has already been destroyed by massive sprawl. It’s insane that people are still moving to that hellish environment. But but but, it was so beautiful on vacation.
Jcer I agree, and to do that, you have to give the ones who want to learn a shot, by at least putting them into an environment where they might actually be able to learn away from influences that prevent learning. Will it work? I don’t know, but throwing money at the problem as you note is not the answer.
Again, you can’t have some Liberals screaming about white racism while at the same time not putting your money where your mouth is and giving poor students who want to learn an opportunity; otherwise it’s just lip service.
Jcer,
Need more people like you that see the light. So sick of the racist bs blaming instead of owning the hard work that comes with learning.
And my district did that years ago…separated the good kids from the bad kids. I’m stuck in the high school that is the dumping ground for the bad kids. Fun.
I chose to stay at my school because the new schools are grades 7-12. Two prep academies. I didn’t want to teach middle school, so decided to suck it up and stay with the bad kids.
Win some and lose some, those were high risk investments.
Ark funds thesis is still optimum for high risk investments. Timing was bad past year and half as it is clear as day that high growth was the canary in the coal mine for the bear market and recession that NO ONE SAW COMING. Now everything is getting punished by the big bad bear.
At the end of the day, investors crying about losing in ark are idiots. Did they not read the prospectus? The investment ETFs must always be fully invested, and they invest in “high growth” speculative companies. People should have known what they are buying, ARKK is not a hedge fund. So crying about losing on an investment thesis you knew was highly volatile and risky (why no old people should be in it), and blaming Cathie Wood for sticking to her thesis like she is supposed to do is comical.
Again, her thesis is fine and brilliant, as shown by her returns even after this huge smack down in a bear market and recession, she is still up. The thing is, you have to buy now, and then ride the next bull market and make sure you Fing sell. Then wash, rinse, and repeat for the next cycles over and over.
My thesis was fine to DCA into it for the long-term. My mistake was not listening to you guys and should have waited, but then again, I didn’t see this recession or bear market coming due to lasting supply chain issues. I thought the supply chains would be fixed by now, and that’s the mistake I had to pay for. Lost like 7 grand, and it happens. I am totally out of it for the time being, as I took the funds to put into DNA. I will be back. Just not sure when. Have to wait for the momentum to swing.
At the end of the day, my move in the 401k easily made up for the miss on NHMD and ark funds. I’m talking by a lot. That’s how investments work. You win some and lose some. You can’t expect to always win, and that’s why you don’t put money in high risk investments that you can’t lose.
The amount of money I made on my investment in real estate at a young age is quite amazing. From a 40k down payment, I prob made way over a million already (appreciation plus over 20 years of rental income). Have never done the math, because I simply don’t give a sh!t. I know I made big money and no need to count it up.
Libturd says:
April 28, 2022 at 11:36 am
NHMD vs. AARK.
Pancake in the can is the clear winner.
The thing is, you have to buy now, and then ride the next bull market and make sure you Fing sell. Then wash, rinse, and repeat for the next cycles over and over.
Buy low, sell high. I think that could work. F’ing genius!
I will be back. Just not sure when. Have to wait for the momentum to swing.
Wait, I seem to recall someone saying “The thing is, you have to buy now”
I did buy now with the money for high risk investments….put it in DNA. Taking a bigger risk as it’s a single company, but think this is a hr over time. Maybe, i’m wrong. I don’t think ark can match the potential of DNA, but like I said, it’s high risk….only one stock. Going to buy BEAM and TWST too. Also like FATE KYMR RLAY NVTA and SANA. Like them all, but remember, it’s dangerous. These are all biotech plays and they should all be winners with time. Biotech has been absolutely destroyed. So if you pick the right plays, you should make a big return.
You can also just buy XBI or ARKG if you want to lower your risk, but still bet on biotech over the next 5 years (maybe 10 if economy runs into WW3 or some other black swan event).
PumpkinFace says:
April 28, 2022 at 12:19 pm
I will be back. Just not sure when. Have to wait for the momentum to swing.
Wait, I seem to recall someone saying “The thing is, you have to buy now”
For the millionth time, they are being given the opportunity. A bunch of kids that care go on to become doctors in my district. Problem is, people like you ignore that, and only focus on the bad kids. Then you slap a label on the school as failing because you only focus on the data with the bad kids.
I do not consider my school a failing school. Being honest. Ton of opportunities to learn and become successful at my school. I’m not going to call it a failing school because a lot of the kids didn’t take advantage of said opportunities. That’s on them, not the school. The school is teaching kids that want to learn. You can bring them to the river, but you can’t make them drink.
So please, stop attacking these schools and labeling them as failures. Stop acting like these kids need to go to another school to learn. The school is fine. It’s them and their work ethic that is the problem.
“Again, you can’t have some Liberals screaming about white racism while at the same time not putting your money where your mouth is and giving poor students who want to learn an opportunity; otherwise it’s just lip service.”
Also, 3b, they can go to PCTI if they don’t like this school. Stop acting like we need to reinvent the wheel and give them school choice to go into districts like Wayne. F that. Stop promoting a deadbeat idea. Please!
You always say that I don’t know what I am talking about with corporate sector. Well, take your own advice and stop talking about bad ideas with education.
Student loans . . .
If I am not mistaken, Biden promised to forgive/waive/cancel some of the student debt when he was running for president.
On the left and amongst the young, there are people waiting for some student cancellation (some very loud voices re this issue on the left), but as demonstrated above in the posts, there are a lot of people who will feel it is unfair because they paid for their higher education expenses and/or paid off big student loans.
This might be an issue that is net-negative for the Dems if Biden does it. But, within young media echo chamber, they think it is exactly what Biden needs to do (among other similar things) to actually push up his low, low approval ratings.
There’s a good clip on this impasse for the Dems from when Elizabeth Warren was campagining for president in 2019 or so in Iowa. A father of a college grad walks up to the mic and says something to her like “your plan is to cancel student debt. I scrimped and saved and paid for my daughter’s college tuition. Do I get a refund?”
^Elizabeth Warren, ever an astute poltician /sarcasm/, starts her response defiantly with “Absolutely Not.”
Pumps Florida is a GREAT place to live if you are rich. My mom’s community has lots of younger families, once school is out they come north or travel in the unbearable heat months. It is like living in a resort, on site activities(golf, tennis, social scene, boating), dining on site, heck they even have a kids program so you can deposit your rug rats while you are playing golf and they can be entertained, the beach is near by, and everything is new and clean. But the costs are obscene, the homes are expensive, the club membership is criminal, everyone sends their kids to private school, and HOA dues are high because they basically have a private police force. I added it all up and any tax savings is quickly eaten up by these things. For people without kids it’s easy. Most rich people with kids are living in Florida for the lifestyle, for all intents and purposes it’s a third world country, great if you are 1% terrible for regular folks. Just the low cost of labor alone makes living there better for the rich, I look at what my mom pays for construction, domestic help, etc and it is way easier and cheaper in FL than in NJ by orders of magnitude. One area that isn’t so good in FL is healthcare, fine for younger people but for the older folks it’s god’s waiting room.
Crushed: I agree there will be a backlash , how big, I do r know, but I think it could be significant. Elizabeth Warren does not care about that guy in Iowa or anyone else like him. The Dems should be very concerned about pushing moderate/centrists to the Republican side over this issue. I know it’s pissing me off!!
Trying to survive another day in this Florida hellscape.
https://www.sarasotamagazine.com/news-and-profiles/2021/09/longboat-key-ranked-fifth-best-island-in-the-us-2021
Non-morons can ask me for a way to get a discount at the Longboat Key Club Resort if they’d like to visit hell for its golf, tennis, and beaches. Plan yor trip early because hell is more popular than ever these days.
On School De-Segregation . . .
I don’t think anyone could argue that the following hypothetical is not true:
-One kid who lives in low-income household in Paterson (“Kid A”), goes to Paterson Public School #1 to attend K-12
-Exact same kid (Kid A), instead goes to Wayne School #1 to attend K-12
-nothing else changes in this hypothetical to PAterson or Wayne (that is, it’s just one kid from Paterson magically attending the Wayne schools)
-if you had to bet on standardized test score taken after each year of instruction, you’d bet on the scenario where the exact same kid, with exact same home, with exact same natural born DNA, was in the WAYNE schools.
So, clearly peers in class have some effect on student performance. Of course, home life/parental involvement is another big factor.
Coming soon to our blue state . . . the Courts will probably order some kind of busing program by the time the trial courts and appellate courts get done digesting the current big de-segregation case (Latino Action Network v. NJ) (MER-L-001076-18). Still waiting on the trial court to rule on pending motion for summary judgment which had oral argument on March 3. If the activists win, we probably have some busing.
https://en.wikipedia.org/wiki/Latino_Action_Network_v._New_Jersey
Crushed, explain montclair or maplewood please. Why aren’t the scores even across the board? For the love of god, stop promoting this nonsense.
That’s like saying LA is Belair or Beverly hills. You don’t live in the real Florida, you live in a bubble community. Own it.
No One says:
April 28, 2022 at 1:01 pm
Trying to survive another day in this Florida hellscape.
https://www.sarasotamagazine.com/news-and-profiles/2021/09/longboat-key-ranked-fifth-best-island-in-the-us-2021
Non-morons can ask me for a way to get a discount at the Longboat Key Club Resort if they’d like to visit hell for its golf, tennis, and beaches. Plan yor trip early because hell is more popular than ever these days.
A bubble community filled with rich boomers. Yea, thats the real Florida.
Jcer,
Totally agree with your post. We can apply that to any state. If you live in a million plus house, that community will be nice in whatever state it is.
Nj is great for the avg family. Get access to great schools and you can live in a 500k house. Will be safe and have access to jobs and great park system. So why would these families move to another state in the sunbelt?
No one, better example…it’s like using Avalon to describe south jersey.
NO ONE SAW COMING
Other than the dozen or so people here who told you it was
I would love for the Glen Ridge school system to merge with Newark. But it will never happen since I’m probably the 1% who would support it from Glen Ridge. I’m guessing 99% of Newark would support it too.
Pumps: What park system?
Have you spent the night in Bryce Canyon? Seen the milky way with your bare eyes? Hunted with bird of prey at sunset? Actually used any of the extensive bike infrastructure in any sunbelt state? Hiked the GC? Moab? Do you know anything else outside of your NJ existence?
As per Realtor, via Marketwatch, the buyer of a median priced home now their mortgage payment is 50 percent higher than it was a year ago. Yeah , perfectly normal? No, it’s not, this won’t end well, it never does.
No doubt. National Park system is simply unbelievable.
I’m simply referring to local parks to take your kids after school or when they are bored. Endless local places to take your kids in north jersey.
Boomer Remover says:
April 28, 2022 at 1:41 pm
Pumps: What park system?
Have you spent the night in Bryce Canyon? Seen the milky way with your bare eyes? Hunted with bird of prey at sunset? Actually used any of the extensive bike infrastructure in any sunbelt state? Hiked the GC? Moab? Do you know anything else outside of your NJ existence?
Boomer: Sounds like some really nice spots. With working in an office fading into history, more people can avail themselves of nice areas outside of the northeast.
I’ve seen things you people wouldn’t believe. Attack ships on fire off the shoulder of Orion. I watched C-beams glitter in the dark near the Tannhäuser Gate. All those moments will be lost in time, like… tears in rain.
Do you listen to yourself? Offices fading into history….okay then. Again, you might be right, crazier stuff has happened, but get real. Odds of that happening are slim to none. Like seriously…
3b says:
April 28, 2022 at 1:58 pm
Boomer: Sounds like some really nice spots. With working in an office fading into history, more people can avail themselves of nice areas outside of the northeast.
I am continuously surprised by the quality of infrastructure for living, sporting, family life and education outside of our metro bubble.
It doesn’t get more sunbelty than PHX. And you know, setting aside the fact that it’s a SFH zoned suburban hellscape, the public amenities are on par. The children’s museum and zoos are amazing and reasonably priced. The neighborhood libraries are sprawling, modern and many. Local children parks are far better equipped than what we have here. I have no idea how any of this is paid for, since there are no such things as toll roads or outsized property tax bills, but it’s there. Education is in the dumps, can confirm, but even there the facilities aren’t decaying.
I guess the takeaway here is that if you cracked the upper 20% percentile, the rest of America needn’t be a toothless hick state.
And since this post has us looking west, there’s a crisis coming to the forefront as lake Powell gets closer to dead pool for hydro:
https://grist.org/energy/lake-powell-lake-mead-colorado-river-water/
Boomer,
Just wait 10 years for when it’s not all shiny and new. Wait till the taxes finally catch up when the high growth ends. That’s how these states are still not raising taxes, they are living off the growth in population. When that ends, good f/ing luck. There won’t be a construction project to dump money into local and state coffers like they have experienced under this expansion in the past 1o years.
The thing that blows my mind, why are they overbuilding a desert? The west is pretty much a desert. Why the hell are they allowing this much development without the water to support it. I can only imagine how expensive water is going to get in all these “it” locations in the future.
That’s how all those parks and schools were built….developers building it in exchange for development. Wait till these towns actually have to pay for it themselves.
Whoa. The “family BioTech” just announced a $7B tax bill.
Good times.
2:52 aridification of the entire region AZ, NM, CA is happening.
Returning to the desert it is. The single greatest issue for this region going
forward is Water.
Ex, aren’t you in Texas? Or was that hold my beer?
Alternatively, take Kid A in Wayne, and have them sit for the SAT at the Paterson high school, and watch their score magically increase by 50-200 points. Why would that be? Do you take the blue pill or the red pill?
crushednjmillenial says:
April 28, 2022 at 1:02 pm
On School De-Segregation . . .
-One kid who lives in low-income household in Paterson (“Kid A”), goes to Paterson Public School #1 to attend K-12
-if you had to bet on standardized test score taken after each year of instruction, you’d bet on the scenario where the exact same kid, with exact same home, with exact same natural born DNA, was in the WAYNE schools.
Well, THAT was the correct April 2022 call……
Libturd says:
April 27, 2022 at 9:33 pm
I think Amazon is still grossly undervalued for the longer term. But I don’t like it at all in the short-term.
AMZN stays where it is after hours and she’s breached a noticeable support line…next one is a couple hundred points or so south of here……2450ish
“23 days Pumpkin-free”
Thoughts on entry price Lib?
AAPL fucking smacks the bitch and the stock is comatose…..
left: do you have any residual knowledge of IG bond terms…. specifically call provisions on bullets? Not talking make-whole par calls. I am talking the ability to mandatory call bullets with 30 days notice. I’m seeing it, and just curious. I could call the company’s IR, but I don’t want to bother.
Sorry, chi, that was one capital markets area that my prior client base never accessed….no real experience there
3b,
Student loan cancellation is a good thing for younger generation as we have discussed. They did their job by taking on tons of debt which fed the financial beast that handsomely rewarded wall street, hedge funds, tenured professors, department heads, athletics and real estate developers/investors around these universities. Chopped up the debt, sold it to funds and tried their best to screw these kids with an exit, holding them to 6-7 interest rates while rest of the world was paying 2%. Paying it back? Not the American way since the Republicans created TARP and trampled the moral hazard of bailing out via printing. The jig is up. Now everyone wants a piece..and yes, I paid my student loans and masters. Of course, in 1995, my in state tuition with R&B was $10k a year and now it is $40k. My first job in DC paid $32k in 1996 so $40k debt was good investment. Now it is $150k in debt and $40k starting job. F this system.
..without an exit
Buckle up buttercups….getting that sinking feeling….let’s see where futures open but with large cap tech market leaders cracking that is a step down setup across markets
Bystander: Sorry not buying that, and blaming the Republicans for TARP? The Dems supported it too. And Obama did nothing to punish Wall Street same as if it was a Republican President. Some senior executives in Orange jump suits would have sent a nice warning to Wall Street.
As for TARP, right or wrong, it was paid back. This is debt forgiveness, how about just pay back what was borrowed with no interest. Could we at least try that?
As for your cost vs todays cost, that’s not the point. The borrowers including the parents of the borrowers knew the cost going in and still took the loans
Lots of alternatives, 2 years community college, than finish at a public university and live at home. How many of these kids borrowed money and many with their parents encouragement went to pricey private universities? Now, it’s I need my student loan debt cancelled, it’s holding me back. Sorry , it’s BS, and a kick in the ass to all who borrowed and paid, and or sacrificed and paid.
Amazon runs a very tight margin business. It won’t get better until inflation gets under control. I wouldn’t touch Amazon with a ten foot pole until you see margin improvement, or quite frankly, any margin at all. This was not the time to plunk down 8 billion on Rivian. Inflation means a dramatic drop in discretionary spending as income does not keep up with price increases. 85% of their revenue is still from online sales and subscriptions. AWS (cloud services) is doing well and much higher margin, but is still a tiny segment of their business. The moment inflation ebbs (and it could be anywhere from 2 months to 5 years) that’s the time to load in on Amazon. Before then, each quarter will show worsening results.
The problem with Apple ChiFi, is that they are pretty much priced to perfection in the new world where Amazon sports a PE of well they took a loss, but assume around a 40 vs. 170 a year ago. Apple’s P/E isn’t even close to halved over the past year. Heck, it hasn’t dropped at all. Are they the only FAANG left that hasn’t taken the haircut?
If you want to play short-term, look for small caps that won’t be impacted quite as much by rising interest rates. The big guys mostly all borrow and a lot of their EPS is return on equity. They are going to suffer from the increase in interest rates. The small caps are nimble and can get by with less borrowing.
Left,
Agree about the coming drop in markets. Get your diapers on.
Bystander,
More than anything, the problem with loan forgiveness is the moral hazard in it. No one in their right mind, is going to pay for college going forward unless the cost for college drops. Loan forgiveness will actually cause tuitions to rise. The slowest segment among 70 or so different industries, to increase rates during this current bout of inflation has been the higher education group. So much so that prices have actually even dropped at some. Loan forgiveness will get the stupid price increase ball rolling again.
Click on link. My former student. He’s the one on the bottom left that looks like juice world. Don’t miss dealing with him in class.
https://fox56.com/news/local/keystone-college-drug-trafficking-investigation-leads-to-two-arrests
Again, ark and high growth in general were the canary in the coal mine. Last one out, don’t forget to turn out the lights.
All those money managers bashing her are now going to understand what she was going through.
Bystander, wtf?!
For once, 3b and I are on the same page. Nice.
Amen!
chicagofinance says:
April 28, 2022 at 4:08 pm
Alternatively, take Kid A in Wayne, and have them sit for the SAT at the Paterson high school, and watch their score magically increase by 50-200 points. Why would that be? Do you take the blue pill or the red pill?
Cmon 3b..you are smarter than that post. TARP paid back? Yes, once you change all the accounting rules for MTM and give billions to AIG to avoid default then printed like mad to buy all garbage MBS..yes it got “Paid back”…wink. How about Fed opens trading accounts for all these kids, backs their SL debt at face, invests in ETF then buys up all ETF driving up asset price then takes money out when it hits the black…voila “paid back” with interest even.
..and the people buying houses in 2005-2007 knew prices were through roof yet jumped in. Still got bailed out via HAMP/HARP/CHUMP. The American way..
I bought in 2004. I put 20% down. That was my mistake.
33 Billion for Ukraine
Freedom isn’t free.
Just add it to the debt, kids won’t mind paying, right Boomer Joe? Or “greatest gen Joe?”
Bystander,
These students need to learn the hard way. That’s life. No one put a gun to their head to sign those papers. If they got ripped off by a some bogus for profit school, I hope they learned their lesson.
I went to college for a job I knew I couldn’t get without a degree. I worked 3 jobs during college to pay for that degree. I didn’t get to go away to some fun school because I couldn’t afford it. By canceling these student loans, the only lesson being taught is that suckers pay for college.
Thank you President Biden – what a list of accomplishments in my txt file
War over in Afghanistan
Intel investing in Ohio rather than getting FoxConned by Orange fool in Wisconsin
1T in Infra passed and creating jobs
Jobless claims lowest in 5 decades
Lowest unemployment rate in 5 decades
Wages up for workers
Job market on fire
Home values up big time
Dow was 27K when elected and now 34K
Hurting Russia/Putin and not kissing their arse.
White supremacists sent back to holes and not embraced
Thanks Joe
3:57 that Is HMB
SoCal resident proudly ex-NNJ
6:44 naw, cancel the freakin debt.
Blumpy,
Boo-fin hoo. Welcome to USA. Paying is for suckers.
And FYI, I am being sarcastic. F it all. I have been prudent, paid my mortgage, 20% down, paid my bills, have zero CC debt and I am gd sucker like many of you. Bailout WS, bailout dumb NINJA homeowners, bailout farming corps for bad trade deal. Bail out Student loans. Blame Biden. It is all his fault not the system.
Lib – I bought in 2012 then put 30% down. That was no mistake.
The whole world will have to do an Amber Heard on my side of the bed for me to lost money now.
Bystander: I won’t get into to all mechanics of it, save to say that both the Repubs and Dems were on board as well.
What does any of that have to do with my point, debt forgiveness for some , while others paid and or sacrificed, forget about TARP. It’s simply not fair, simple as that. If it happens, and they are going to reimburse me, and all the other people who either paid or borrowed and paid the loans back, then I am all for it!
Bystander: The list of Biden’s accomplishments are as silly as list of Trumps accomplished. The difference of course being Trump a one term lunatic, vs Biden former VP, seasoned politician with superb foreign policy experience, who turns out to be clueless and mentally declining, not to mention probably corrupt, and certainly ethically challenged.
The Republicans blow, and the Democrats blow just as hard; there are no good guys .
Went to HomeDepot at 6pm on a Wednesday. The aisles appeared dead and checkout empty. What happened?
I went there to buy a few metal stakes for a cheap diy compost bin. Guess what – it would cost me $80 just for the stakes. I said forget it and made my own stakes from left over wood. And that explained why the aisles were empty.
I’m glad I’m not doing any home renovations – best peace of mind you can buy!
Teledoc a huge buy at these levels.
Giants and jets suck…let that lineman go. Jokers.
Blue Horseshoe loves Anacott Steel
You know you a baller when:
https://www.latimes.com/business/real-estate/story/2022-04-28/former-disney-chief-michael-eisner-lists-malibu-compound-225-million
Speaking of ballers
https://www.dailymail.co.uk/news/article-10764209/GOP-Rep-Madison-Cawthorn-caught-video-male-staff-members-hand-crotch.html
Student loan cancellation.
When a lot of people on this board studied, tuition rates where cheap and since then, we have seen the costs skyrocket. Here is a fun exercise. Go back and reprice your degree. What did a credit cost you back then and what is it now at your Alma Mater?
Just because you didn’t get the break, the ones coming behind you shouldn’t get the break either! This is worse than the Clarence Thomas, kick the ladder off after you have used it. This is stop the ladder being built in the first place.
I came from a system where the government picked up the cost of my degree. But I have paid that back many times over in taxes. Without that assistance, I would not have had the life I have had or the taxes I have paid.
Went to Lowes at 10am last Saturday, Walked out because the place was mobbed and the registers were backed up. Even with all Self Service open.
Next two quarters will signal the direction for Lowes and Home Depot.
“unless the cost for college drops” and it has to.
I am at a point were my I am looking at schools for my eldest kid. I need to start looking at more tradecraft than intellectual. While 3D manufacturing seems a nice fit, running the numbers. I can put him through plumbing school and buy him a van for what it would cost in some other areas.
Maybe that should be my retirement plan. Prefund the business and work off his license.
Slinging shit has always been profitable.
We joke around a bit in the extended family. All of our parents were in the trades. My dad and my uncle would always tell us they didn’t want us digging ditches like them.
Turns out they did really well digging ditches, maybe even better than we did. Really though, they owned the ditch digging companies, and that was they key. They were entrepreneurs and small business owners, not tradesmen.
My much younger ‘cousin’ moved from Poland a few years back. He apprenticed electrical. Got a van, worked under someone else for a while, got his. He’s doing really well. Just bought a house in NJ if that means anything.