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Leisher wrote: Fri Oct 21, 2022 10:18 pm

TheCatt wrote: Fri Oct 21, 2022 7:42 pm

Leisher wrote: Fri Oct 21, 2022 6:09 pm Elon came out today and said he's probably going to lay off 75% of Twitter's workforce and he's being ripped as a "job destroyer".

75% versus 1-5% is pretty different.

Like I said, what have you seen out of Twitter employees that has proven they do anything worth a salary?

GORDON wrote: Thu Oct 27, 2022 8:51 am "73, 74%, tops."

Now that the code's locked in, and it's stable, I don't know why they need more than 15 employees.

The chain-weighted price index, a cost-of-living measure that is adjusted to reflect changing consumer behavior, rose 4.1% for the quarter, well below the 5.3% estimate. Also, headline inflation rose 4.2%, down sharply from 7.3%, according to a gauge the Federal Reserve uses.

“Passive investing has removed price discovery from the equity markets. The simple theses and the models that get people into sectors, factors, indexes, or ETFs and mutual funds mimicking those strategies — these do not require the security-level analysis that is required for true price discovery.” – Michael Burry (Bloomberg)

The S&P 500 index bubble could burst if holders all began to exit on a loss of faith in their system. The index can also stop going up or crash if people simply stopped contributing consistently to hold up prices. In bear markets the price to earnings ratio can seem lower but the market is pricing in decreased earnings in coming months and years. With 78.8% of the S&P 500 companies in the hands of other types of investors and traders it will not be difficult for the index to go much lower.

Michael Burry has exited all his positions which as of March 31st, 2022 had a value of +$200 million. Private jail operator GEO Group was the only stock he held as of the end of the second quarter of 2022. This position brought his portfolio exposure down to only $3.3 million in this one position as he shifts his capital to all cash.

TheCatt wrote: Mon Oct 11, 2021 8:11 pm Back to the core of what this thread was supposed to be about: Me making bad economic predictions.

Inflation is here, it's hurting the world, especially on energy, and won't ease up quickly like people hope. Stagflation is not a huge concern, but is a bigger concern than people thing. Growth over the next year will be hurt, and we may see $4 gas at some point.

!RmindMe 9/1/2022

GORDON wrote: Mon Jan 09, 2023 10:33 am Oh, I meant to say, gas jumped sixty cents overnight on Monday, here.

Leisher wrote: Tue Jan 24, 2023 11:35 am Also, why the fuck is it legal to sell stocks you don't own?

TheCatt wrote: Tue Jan 24, 2023 11:46 am This is called shorting. How else can you bet against stocks? If you think a stock is going to fall, you borrow the stock from someone else, pay interest on it, and sell it with the obligation to buy it back at some point.

TheCatt wrote: Tue Jan 24, 2023 11:46 am I haven't heard any rumblings of Citadel issues (only their record profit last year)

Leisher wrote: Tue Jan 24, 2023 11:51 am Call me crazy, but this sounds like a perfect recipe for abuse.

Leisher wrote: Tue Jan 24, 2023 11:51 am Like I said, it's trending on the Twitters. Check it out. I'd like to know more. Do they have a legit gripe or is it just haters?

TheCatt wrote: Tue Jan 24, 2023 12:20 pm It's definitely worthy on inquiry. Hedge funds have certainly cheated in the past. But I was told we didn't need IRS or SEC officials to police people.