Re: The Nation's Financial Condition
Posted: Thu Jan 28, 2021 5:26 pm
I'll pm you.
Same Party, Different House
https://fanlax.com/forum/
Ok, Chief.
This is gold. You haven't disappointed.
This is the end result of 0% rate policy by the Federal Reserve and related monetary explosion (increase in supply of money in the country, they put out a beige book where it's referred to generally as M1). The Fed wanted people to move out the risk curve and then somewhere earlier this decade became beholden to the stock market whether becasue of a lack of any fiscal prudence and activity addressing the long term concerns or becuase they were weak in moments of declining equity valuations. Everyone is going to take "yo's" eventually. There's no play to living in the corridor and compounding. I talk to some macro fund managers and they're all barbelled with home run/moon shots and low return low risk investments and hate everything in the middle. Used to be you could hace CDs, savings accounts, some stocks and bonds with modest risk and if you do it with promotions and raises at the job while delevering (mortgage mainly) that was a path. Can't compund any income now and need 20% returns to offset returnless cash and cash equivalents.Kismet wrote: ↑Thu Jan 28, 2021 11:55 amHonestly, do tell me if the current activity in the markets does remind you of how you play CRAPS in a casino? and that you are okay with your nest egg possibly being affected at some point by all of the GAMBLING currently underway in the marketscradleandshoot wrote: ↑Thu Jan 28, 2021 11:26 amIt all becomes relative. When your portfolio is doing well in spite of all the carnage around us, you begin to believe you have weathered the worst of the storm.Farfromgeneva wrote: ↑Thu Jan 28, 2021 11:13 amMore brilliant analysis. Where can I sign up for that class in macroeconomics? Carnival in rural florida?kramerica.inc wrote: ↑Thu Jan 28, 2021 10:39 amBiden Supporters red in the face:cradleandshoot wrote: ↑Thu Jan 28, 2021 10:34 amThat is right about where my wife and I wound up. Should we blame dump for our good fortune? I'm expecting triple the return out of a POTUS Biden administration. Is it right for Joltin Joe to write an EO demanding 30% returns on all 401Ks?kramerica.inc wrote: ↑Thu Jan 28, 2021 10:26 am My 401k was up 17% in 2020.
Thank you Trump, indeed.
"But, BUT, BUUUUT- YOU ARE SOOO GREEDY! THAT IS NOT A SIGN OF A HEALTHY ECONOMY!!!!!!!!"
https://twitter.com/nofomo3/status/1354 ... 40578?s=21youthathletics wrote: ↑Thu Jan 28, 2021 2:36 pm I heard it is also TDAmeritrade and Schwab...not just Robinhood.
From yesterday:Farfromgeneva wrote: ↑Thu Jan 28, 2021 7:24 pm Thought this was interesting, I'm sure someone will accuse me of being whatever, don't give a care. Just talked to a small fund mgr (less than $100MM) and there's a whole HF movement into Silver, rumors are that some are trying to hit limits and even a rumor that they're going after Barclay's solvency. Know next to nothing about precious metals, but apparently London had to halt trading in physical silver at some point today. Almost like a war is going on now, or at least the fast money (hedge fund or any investor who isn't holding for longer term any positions) community is on the warpath suddenly.
The "rules" are the same, the application of those rules is another issue.
any specific law violated? and we're sure this isn't happening in similar form on the other side of the trade not just for this/these 100+% short positions, but all manner of others?foreverlax wrote: ↑Fri Jan 29, 2021 9:51 amThe "rules" are the same, the application of those rules is another issue.
What the rich have that the rest of us don't - access to the best information. What is happening on Reddit, in this short squeeze is not about information but in your face collusion.
Pretty sure, yes absolutely against the law.wgdsr wrote: ↑Fri Jan 29, 2021 11:41 amany specific law violated? and we're sure this isn't happening in similar form on the other side of the trade not just for this/these 100+% short positions, but all manner of others?foreverlax wrote: ↑Fri Jan 29, 2021 9:51 amThe "rules" are the same, the application of those rules is another issue.
What the rich have that the rest of us don't - access to the best information. What is happening on Reddit, in this short squeeze is not about information but in your face collusion.
is high frequency collusion?
edit to add: looks like facebook and reddit have closed down the chat groups. so no worries anymore.
those guys can do what they want, they're private companies. learn how to code.
Yes, there are a lot of different specific laws you can break depending on the market manipulation scheme.
We're not talking about facebook or reddit, we're talking about hedge funds and companies not allowing retail investors to simply buy a share of a stock among other potentially illegal activities.wgdsr wrote: ↑Fri Jan 29, 2021 11:41 am and we're sure this isn't happening in similar form on the other side of the trade not just for this/these 100+% short positions, but all manner of others?
is high frequency collusion?
edit to add: looks like facebook and reddit have closed down the chat groups. so no worries anymore.
those guys can do what they want, they're private companies. learn how to code.
well, they are in theholmes435 wrote: ↑Fri Jan 29, 2021 12:47 pmYes, there are a lot of different specific laws you can break depending on the market manipulation scheme.
We're not talking about facebook or reddit, we're talking about hedge funds and companies not allowing retail investors to simply buy a share of a stock among other potentially illegal activities.wgdsr wrote: ↑Fri Jan 29, 2021 11:41 am and we're sure this isn't happening in similar form on the other side of the trade not just for this/these 100+% short positions, but all manner of others?
is high frequency collusion?
edit to add: looks like facebook and reddit have closed down the chat groups. so no worries anymore.
those guys can do what they want, they're private companies. learn how to code.
SEC Says It’s Probing Market Mania for Potential Misconduct
The SEC leadership added that the agency “will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.”
So really, that is code for the Hedge guys, we got your back, give us a a bit of time and we'll straighten this out....just let the dust settle. Oh yea, we got Maxine Waters helping is congress, between her and her banking husband we'll all be good in no time.holmes435 wrote: ↑Fri Jan 29, 2021 12:47 pm
SEC Says It’s Probing Market Mania for Potential Misconduct
The SEC leadership added that the agency “will closely review actions taken by regulated entities that may disadvantage investors or otherwise unduly inhibit their ability to trade certain securities.”
wgdsr wrote: ↑Fri Jan 29, 2021 11:41 amany specific law violated? so far, none that I am aware of, for any of the parties involved.foreverlax wrote: ↑Fri Jan 29, 2021 9:51 amThe "rules" are the same, the application of those rules is another issue.
What the rich have that the rest of us don't - access to the best information. What is happening on Reddit, in this short squeeze is not about information but in your face collusion.
and we're sure this isn't happening in similar form on the other side of the trade not just for this/these 100+% short positions, but all manner of others? Chuckle...not sure if that is a yes or no. I do know, back when I used to trade muni bonds, the more people you talked to, the more you knew about how the market was pricing bonds..all the "vig" was inbedded in the price. i.e. yield.
We would buy it at a 6.1% ($99)yield and sell it to you at 6.0% ($100). No retail investor knew if you bought them at 7% ($90) or 5% ($110)...they just cared about their 6%. Those guys would hang up on you if you showed them 5.9% ($101)...cuz the Alex Brown guy showed them 6%.
Now price and information is free.
Fact remains, there are those who know more than the rest of us know...they get what they want wholesale, or better, based on how good you are as a customer. Makes sense, the bigger client at Goldman sees the best deals...the best deals Goldman keeps for themselves.
is high frequency collusion? In this setting, I see collusion as a group of speculators, using various methods, to influence price direction. By high frequency - do you mean high speed or frequency of trades?
edit to add: looks like facebook and reddit have closed down the chat groups. so no worries anymore. So far I see this as all within the rules/laws...Robinhood tried to reduce their exposure in several "high risk" stocks.
Every trade settles - buy and seller. Sometimes a party cant deliver and he gets sold out. Sometimes a bunch of folks get jammed up, which can jam up "Robinhood", rinse/wash/repeat....hello a real Black Swan.
those guys can do what they want, they're private companies. learn how to code. A-greed.
There is some unemployed Stanford Phd in Quant who saw the imbalance in "GME" and understood the power of "Reddit". End of the day -
-The hedge funds that were short and got blown up and learned a for real lesson.
- The hedge fund investing in both the hedge fund that had the short position and Robinhood learned a lesson.
- "Robinhood" is learning on the fly...
- the kids sitting in their sweats thinking they're smart have not learned the lesson that will come.
- the smart MotherTruckers who have deep pockets, they are the lions that come in after the hyenas have worked their a$$es off...they eat their fill and the rest can split up whatever is left.