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Everything posted by nuckin_futz
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Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
We're not officially in a bear market until we close more than 20% off the top. We did not close more than 20% off the top. Don't count your chickens until they hatch. You've never seen volatility like this? The VIX is at 29.5. In 2008 it topped out at 80. During the Covid dump it got to 66. Since 2000 it's had readings above 40 on 4 other occasions. In 2008 there was a stretch of about 5 or 6 days in a row where the Dow Industrials swung 8-10% / day. In terms of historical volatility this is nothing. -
Someone Decided To Make A Bowl Of Cereal In Target
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Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
A guy named "Bank im" went into finance, who da thunk it? -
Twitter says it won't renegotiate a deal price with Elon Musk Comments from executives to staff The Twitter sideshow continues as Elon Musk frets with a case of buyer's remorse. According to a report, executives told staff that the deal is proceeding as expected and that there's 'no such thing' as a deal being 'on hold' as Elon Musk stated. They said they will not renegotiate on price. All the M&A people I follow argue that it's a very high hurdle for Elon Musk to get out of closing the deal, even if bots are much higher than stated. He waived due diligence and Twitter discloses that its bot estimates use 'significant judgement'. There's lots of daylight between the current price of $37.03 and the deal price of $54.20 and that will make for an interesting trade. With tech being wrecked currently, it's safe to say that Elon could have picked it up much cheaper if he'd waited a few months. **************** Like you said "F around and find out". Also it appears he cannot just walk away and cough up the $1 billion break up fee. As per the deal he has to have a valid reason to abandon the deal. Looks like "I f'd up" is not a valid reason.
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Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
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Pacific Coast Hockey Academy- Victoria
nuckin_futz replied to Losing With Pride's topic in Off-Topic General
I've been to 8 of the 10 cities I mentioned. We obviously differ on the definition of 'world class'. -
Sure there is, the people at the top need to keep the people at the bottom dumb as a bag of hammers in order to take advantage of them. If the game didn't have losers to gauge yourself against how would you know you weren't a loser? These days it's really up to each person to educate themselves. I remember when I was young asking my older sister why I had to learn dumb crap like calculating the area of a circle? Her answer was 'they teach that useless stuff in high school to separate the smart kids from the dumb kids. Then the dumb kids go on to stock shelves at the grocery store and become alcoholics and the smart kids go on to university and get professional careers'. She's always been rather blunt but she was right. The most valuable commodity on this planet is not gold, oil, or diamonds, it's time. It isn't replenishable. You only get a certain amount of it and nobody knows how much they have. Once it's gone you cannot get it back. The worst thing you can do is waste your time. Corporations and bosses love to waste your time. To me the true measure of success is not are you rich but 'do you own your time, or does someone else?'. And if you don't own your time are you at least getting fair value for your time. If not, it's time to make some changes.
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Same here although I took it in grade 9. It was cooking and sewing. Taught by a bitter old divorced woman lol. Six people sharing 1 little can of Campbell's soup. That kind of stuff. Though we did have a class called 'Consumer Education". I don't think it was actually part of the curriculum. It was taught by the Biology teacher. I think he just asked if he could offer this course and they let him. It was stuff like how to write a resume, how to conduct yourself in an interview, learning about savings and compounding interest rates etc. The teacher even brought in a stock broker buddy of his and we had a stock picking contest. We were literally picking stocks from the stock page in the newspaper. Whoever made the best return in 3 months won. That was were I first got introduced to the markets.
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Investing in the stock market - Discussion
nuckin_futz replied to AV's Coin's topic in Off-Topic General
S&P futures trade 23 hours a day. I think you'll find that's your leading indicator. You are correct about BTC being a proxy for risk appetite though. -
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General Hockey Questions
nuckin_futz replied to Where's Wellwood's topic in General Hockey Discussion
Didn't know where to post this. figured this is as good a place as any. -
As George Carlin said "Think about how dumb the average person is, then realize half of them are dumber than that". Politicians know people are dumb and prey upon them. Remember how many were so pleased Trump gave them a tax cut? Well maybe they should read the fine print. The wealthy and corporations keep their tax cut forever. The average schmuck's tax cut expires in 5 years. The powers that be want the population kept stupid. @Boudrias is always a big proponent of financial education in high school but it will never happen. Those running the show don't want a financially educated population. They want obedient tax mules.
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[Proposal] Blow it all up to fall hard for Bedard
nuckin_futz replied to ASChicken's topic in Proposals and Armchair GM'ing
Why don't we just send the Canucks down to Abby and bring the Abby team up to the bigs? -
There's no need to buy gold. If gold was still considered an inflation hedge it wouldn't where it is. Also, that 'double top' on the gold chart is rather ominous looking. There's also no need to stockpile rice. Paying off debt is always a good idea. Better idea is not accumulating unnecessary debt in the first place. Never finance anything apart from a home. It we see 5.5% it's in a quick spike. I personally see us topping out at 3.5 - 4%. The simple answer is when money is 'given' to poor/working class people they spend it and it circulates in the economy. When money is 'given' to the rich it gets hoarded and doesn't circulate in the economy. The velocity of money vs supply is what creates inflation. The narrative that money 'trickles down' is complete BS. Money trickles up, not down. Inflation is not breaking world records.
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Pacific Coast Hockey Academy- Victoria
nuckin_futz replied to Losing With Pride's topic in Off-Topic General
You have my condolences. -
Pacific Coast Hockey Academy- Victoria
nuckin_futz replied to Losing With Pride's topic in Off-Topic General
As is Swift Current, Flin Flon and Antigonish. Sorry Rupe. -
Pacific Coast Hockey Academy- Victoria
nuckin_futz replied to Losing With Pride's topic in Off-Topic General
I have lived in Victoria since I was 2. It's a nice place to live but world class? When I think world class I think of Tokyo, Paris, Rome, London, Buenos Aires, New York, Sydney, Bangkok, San Fransisco. I don't think of Victoria. Unless you're talking about the Victoria region of Hong Kong. In my opinion you can't be a world class city if you're basically a ghost town after 9 PM. -
He's vaccinated that's why they hope for a speedy recovery. He's only vaxxed because his daughters who seem to have more common sense than he does begged him to get vaxxed. He said he had a very bad reaction to the vax and that's what he's been bitching about. But perhaps he had a bad reaction because his system is so damaged from drinking an Olympic pool sized amount of alcohol and snorting half of Colombia since his teens.