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4 minutes ago, nuckin_futz said:

Goldman's earnings today were absolutely massive.

 

If anyone cares Bernie Madoff kicked the bucket this morning. ...

 

Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, has died in a federal prison, a person familiar with the matter told The Associated Press on Wednesday.

 

Madoff died at the Federal Medical Center in Butner, North Carolina, apparently from natural causes, the person said. The person was not authorized to speak publicly and spoke to the AP on the condition of anonymity.

Last year, Madoff’s lawyers filed court papers to try to get the 82-year-old released from prison in the COVID-19 pandemic, saying he had suffered from end-stage renal disease and other chronic medical conditions. The request was denied.

 

Madoff admitted swindling thousands of clients out of billions of dollars in investments over decades.

He spent last years of his life in prison, his brother went to prison, lost one kid to suicide and another one died and his daughter has been implicated in the Ponzi scheme as well. Meaning she is spending her life worrying about the feds visiting.

I don’t like to talk bad about the dead but was it worth destroying everything and everyone over money?

 

 

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1 hour ago, CBH1926 said:

He spent last years of his life in prison, his brother went to prison, lost one kid to suicide and another one died and his daughter has been implicated in the Ponzi scheme as well. Meaning she is spending her life worrying about the feds visiting.

I don’t like to talk bad about the dead but was it worth destroying everything and everyone over money?

 

 

&^@# that guy. Death with three hots and a cot the rest of his days was the easy way out compared to his victims. Speak ill about him all you want.

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24 minutes ago, NucksPatsFan said:

Good luck to anyone playing COIN. Wall street is gonna dump on retail

Can’t wait for Robin Hood customers, Reddit folks and those that believe stocks/currency are going to crash to pump this thing up. I see this sucker going up to 1k in the near future.

 

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1 hour ago, CBH1926 said:

Can’t wait for Robin Hood customers, Reddit folks and those that believe stocks/currency are going to crash to pump this thing up. I see this sucker going up to 1k in the near future.

 

We're still in the middle of this crypto bull run

COIN will be volatile but it will likely go up alot higher this year as BTC continues to trend up

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On 4/12/2021 at 1:55 PM, NucksPatsFan said:

This thread sure quiets down when spac's aren't going off 50% per day :ph34r:

I've kind of enjoyed the peace of just having most of my $ in SPY/MSFT/AAPL and not feeling like I need to check on things every hour. 

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The Stock Market is Almost 'Completely Broken' - Einhorn

Citing the GameStop (NYSE: GME) and Archegos situations, among others, famed hedge fund manager David Einhorn of Greenlight Capital said because there is no cop on the beat, the stock market is just about "completely" broken.

 

"It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear," Einhorn commented in his quarterly letter to shareholders. "From a traditional perspective, the market is fractured and possibly in the process of breaking completely," he added.

In addition to GameStop and Archegos, Einhorn cited several examples, including:

  • Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume.
  • Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September. HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. "The pastrami must be amazing," Einhorn quiped.
  • Tether is a cryptocurrency that is always worth a dollar... The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe... Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not.

Einhorn also criticized regulators handling of Tesla's (NASDAQ: TSLA) CEO Elon Musk, who he said helped add "jet fuel" to the GameStop short squeeze. "If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants," Einhorn commented.

 

"If Congress wants to understand why GME did what it did, or more recently how the Arch-Egos fund cornered the market in a handful of stocks, it would be better to call to account the absentee regulators and their philosophical backers," he concluded.

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On 4/14/2021 at 1:28 PM, nuckin_futz said:

OK that was kinda gross in COIN. Finished $101 off the top. Was -$119 off the top.

 

Of course the news will read COIN surges in it's IPO +31%. :lol:

Looks like a great return on Wednesday to me lol. 250,000% haha 

Screenshot_20210414-111308_My Stocks Portfolio.jpg

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3 hours ago, Boudrias said:

Something like 19% of S&P companies are technically bankrupt.  

Zombie companies who don't earn enough to service the interest on their debt. Companies with a 3 year average EBIT to interest ratio of less than 1. Stats produced by Arbor Data Science on companies with $300 million market CAP or larger. 

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11 hours ago, Warhippy said:

So....uhhh Doge coin....wow

Purely based on Elon musk claim that it belongs on the moon!   This is a sh!!t coin on another level!!! 

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