and all we had to do was double the national debt
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Keynesianism gets shit done.
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The General Theory: digging holes since 1936
Only a 30% decrease in purchasing power.
Bought some TLT about an hour ago, not sure if I want it to bottom here or drop some more so I can shovel some more money into it.
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I’m gonna need to see the math on how they came up with commensurate sample sizes for day trading and “casino gambling”.
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yeah their definition matters a lot and I have absolutely no idea what they mean on those charts. Random noobs walking in placing a few bets, professionals, what.
sources are amazing, first is wsj, second is berkeley couldn’t be more different places to get info there.
Does “reliably beat the market” mean beat the S&P or come out with any profit at all? Because if it’s the first then it’s completely misleading to compare it to the % of people who come out even $1 ahead at the casino, if it’s the second then it’s a really dumb way to phrase it
It also depends on what kind of day trading the person is doing. If they are trying to day trade options or random shitcoins or fake Chinese companies then yeah it’s probably comparable to a casino game in terms of being rigged and having very little chance of success. But if someone sticks to only buying/selling shares of reliable blue chip or Fortune 500 companies I can’t imagine that their returns would be worse than if they took that same money to a casino every day and placed a comparable amount of wagers. Although the type of person who is enticed by day trading is probably more attracted to the first option than the second.
I ate at CAVA which is like a mediterranean Chipotle and it was honestly amazing. It’s publicly traded as of July. Curious what their numbers look like if anyone wants to take a look…
They’ve been around for a while and have always been pretty solid. Now that they’re publicly traded I wonder if that quality is going to go down…
You guys know a lot of people making as much money day trading as any of you did playing poker?
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Looks like he’s just trying to target the mouth breathers with that tweet. Who knows if he understands what % of day traders are algos, and how many of those are institutional and how those go about declaring losses.
Short the ever loving FUCK out of TSLA
Don’t buy calls. Don’t sell puts. SELL SHORT. There is nowhere to go but down with this fucking uberclown at the helm
Also isn’t it comforting to know that your SPY, VOO, VTI, SPLG, your QQQ, your [insert your favorite S&P index fund between these brackets] has this fucking tool’s company as one of its top-10 holdings??? Sleep well, buy 'n forgetters!
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I have a target price to sell my QCLN and never buy it again, specifically due to TSLA exposure. But it just keeps going down to where I might as well just hold and hope it comes back someday.
Well hopefully the Ivy League smarties who run these funds can see what we are seeing with this guy and act accordingly. That’s the whole point in having fund managers, or so I’m told.
A few months ago, I noticed that SPY had a higher net expense ratio than VOO, so I sold all my SPY shares and bought VOO with it. Over the weekend, I found SPLG, which has the same holdings as SPY and VOO, but has an even lower expense ratio than those two. Plus it trades around $50 a share, so I can buy more shares, which actually matters for me since my broker for my IRA is Merrill and they don’t sell fractional shares. So today I dumped a bunch of stuff and bought SPLG.
I still have QQQM, which is the discount version of QQQ, and SMH, for growth.
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Everything I sell now is going into Fidelity 4.5% money market thingy until rates go down.
BTC up 8.8% in the last 24 hours? 
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