Screwball

I wonder what stock/metal this was from. A few actually. :-) Brilliant.

At the end of the (trading) day, the only thing that matters is the tape. It doesn't have to make sense.

It doesn't matter if it is the CPI, PPI, job numbers whatever it is, all the economic the reports are really well done IMO. The problem is - is - how they are presented. As someone said above - the headline number. That's what Bubblevision and the nightly news tells us. But that's not the whole story. When you dig into the reports, and you can even download an excel files I think, you can see trends of how the numbers are changing between different sectors and industries over time. Combine this with the other reports and you get a much better idea of what is going on. Don't believe Jim Cramer. For example; lets say the data tells us housing might be down for a few years. We check our 401k and see what we have for mutual funds. Find the fund, see what it holds, and how it is weighed. Maybe 8 to 12 assets make up the fund, and is 40 percent heavy in housing. We may want to find something else. Given what we can do with our account of course.

You might get a kick out of this, or maybe not. I always loved your handle and wanted to burn one with you. 'ear.

I don't know how ZeroHedge got into this. No matter I guess. Let me go about it this way. The CPI is our inflation indicator, as we all know. It has been reported since like forever. And since forever everyone who pays attention knows it's bull****. It is not an accurate gauge of the real economy and what people like us feel each and every day. When Del started this thread probably 10+ years and three boards ago we used to have incredible conversations on why exactly these reports are bull****. That's what good investors are suppose to do - dig into the numbers (like short sellers - the true hero's of our markets (probably all now broke)) - to sniff out, and know where, the bull**** is. After all, we are only trying to protect and grow our hard earned money. Knowing where the bull**** is a good thing to know, IMO. Wall Street loves those who don't do their homework.

Good point.

I don't see any proof of what you are talking about. Care to give some or just bitch and insult people? About my bong business; which is none of yours, so you can kindly GFY.

Consumer Price Index News Release - from the BLS Above is the link to the actual report. Can you tell us what part is not believable? If not, you are just making **** up, and no better than the guy you hate. That's why we tried to keep all the political horse**** out of here. To no avail, I admit.

And let's not forget the lottery. Example. I live in a small town. We have a Moose, Eagles, VFW, American Legion, Amvets, Elks, and probably another I can't remember. In 2019 alone, and I know this because I saw the numbers; around 600 members between the men and women and they spent $493,000 on the lottery alone in one single club. That's a drop in the bucket to the state operated gambling machines and ez-pull tickets they call them. Huge money.

Speaking of gambling; those 100 year bonds. Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race - Bubblevision

Gambling has been a problem for a long time. It's just easier now. There are more ways to do it as well. Visit a local animal club over the last 50 years and you will see tons of people pissing away money they shouldn't. Guy gets paid on Friday afternoon. Gets home Friday night and has lost it all in 4 hours. Happened 50 years ago and still happens today.

And let's think about that for a minute. Why would anyone, and I don't care if you are a person, a company, a state, providence, country, or a ****ing whale - why in the hell would you buy 100 year bonds?

You can get some Google 100 year bonds. 🙂

Maybe I'm nuts (yes, confirmed) but when you think about it - Bitcoin and all the crypto stuff - the futures thing Del posted up thread, then the market at all time highs... Where is all this money coming from? Don't we need money for this to happen?

The comments in the thread pretty much sum it up. Insanity.