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For @joris03129317
Here's what happens when nobody knows how anything works.
This is why @realDonaldTrump mocked Biden for Biden's comments on Wall Street.
For @joris03129317
Here's what happens when nobody knows how anything works.
This is why @realDonaldTrump mocked Biden for Biden's comments on Wall Street.
This is Biden's accusation:
"We find out in the New York Times that his folks went to Wall Street and said this is dangerous – and a memo out of that meeting, not from his administration, but from brokers said to sell short."
"We find out in the New York Times that his folks went to Wall Street and said this is dangerous – and a memo out of that meeting, not from his administration, but from brokers said to sell short."
There's so much DUMB in Biden's statement and in this Twitter idiot's tweet that it's going to take me a while to dismantle it all.
I didn't read the New York Times for obvious reasons, so I don't know what the accusation is.
I didn't read the New York Times for obvious reasons, so I don't know what the accusation is.
But anyone with a functioning brain knows that Trump DID NOT WANT A SELLOFF.
That would tank your 401k's and lead to layoffs.
Lending would become harder.
Projects would be canceled, leading to MORE unemployment.
The collapse would spread.
That would tank your 401k's and lead to layoffs.
Lending would become harder.
Projects would be canceled, leading to MORE unemployment.
The collapse would spread.
That's EXACTLY what happened in 2007-2008.
The accusation is that brokers advised their clients to "sell short," which shows that Biden knows ZERO about the economy.
He's totally misusing basic terminology.
I haven't seen the memo. Maybe I can find it.
The accusation is that brokers advised their clients to "sell short," which shows that Biden knows ZERO about the economy.
He's totally misusing basic terminology.
I haven't seen the memo. Maybe I can find it.
The article is behind a pay wall, but here's a summary:
"White House economic staff met with board members of the conservative Hoover Institution, many of them GOP donors, and said the White House could not yet predict the virus’s effect on the economy."
"Following the meetings, hedge fund consultant William Callanan wrote a memo noting that nearly every economic adviser had brought up the virus "as a point of concern, totally unprovoked."
"As the document spread among investors, one said that their takeaway was "short everything."
This is why total ignorance is so dangerous.
A hedge-fund consultant is NOT a broker.
A broker MANAGES your accounts.
Investors are the stupidest, most terrified, conformist people on the planet.
I say that as a professional investor.
A hedge-fund consultant is NOT a broker.
A broker MANAGES your accounts.
Investors are the stupidest, most terrified, conformist people on the planet.
I say that as a professional investor.
We need to OUTLAW machine trading.
It automatically sells stocks when the price drops to a certain point, THEREFORE SNOWBALLING THE FALL.
AND.
"Hedge funds" are NOT regular stocks and bonds. They aren't as regulated by the Securities Exchange Commission (SEC).
It automatically sells stocks when the price drops to a certain point, THEREFORE SNOWBALLING THE FALL.
AND.
"Hedge funds" are NOT regular stocks and bonds. They aren't as regulated by the Securities Exchange Commission (SEC).
To buy hedge funds, you must be an "accredited investor."
In the US, they are:
"investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings. Accredited investors include natural high net worth individuals (HNWI), banks, insurance companies, brokers and trusts."
"investors who are financially sophisticated and have a reduced need for the protection provided by regulatory disclosure filings. Accredited investors include natural high net worth individuals (HNWI), banks, insurance companies, brokers and trusts."
You can therefore see WHY the White House briefed the Hoover Institution.
We DO NOT want accredited investors to be caught flatfooted.
That would cause a massive recession that would impact ALL OF US.
We DO NOT want accredited investors to be caught flatfooted.
That would cause a massive recession that would impact ALL OF US.
Hedge funds are used to protect oneself against the insanity of the stock market.
"Short selling" is when you borrow stocks or other assets that you think will LOSE value. The stocks or assets have an expiration date.
"Short selling" is when you borrow stocks or other assets that you think will LOSE value. The stocks or assets have an expiration date.
The expiration date is when the stocks or other assets must be returned to the owner.
You sell the stocks on the open market for the market value.
Then you buy them back for the reduced price and return them to the owner.
You sell the stocks on the open market for the market value.
Then you buy them back for the reduced price and return them to the owner.
So you borrow $100 worth of stocks and sell them on the open market for $100.
You pocket $100.
The market price drops to $25.
You buy them back for $25 and return them to the owner.
You get to keep $75.
You pocket $100.
The market price drops to $25.
You buy them back for $25 and return them to the owner.
You get to keep $75.
So a hedge-fund consultant wrote a memo, and accredited investors ON THEIR OWN decided to engage in short selling, which means BUYING.
The White House briefing took place on February 24.
Guess when the Dow Jones went into free fall?
January 31. https://www.cnbc.com/2020/01/31/stock-market-wall-street-in-focus-after-coronavirus-declares-global-emergency.html
The White House briefing took place on February 24.
Guess when the Dow Jones went into free fall?
January 31. https://www.cnbc.com/2020/01/31/stock-market-wall-street-in-focus-after-coronavirus-declares-global-emergency.html
Here's the headline from the Hill:
"As Trump downplayed the virus publicly, memo based on private briefings sparked stock sell-offs: NYT"
THAT'S NOT WHAT HAPPENED.
Accredited investors decided to SHORT sell.
Meaning BUY STOCKS THEY THOUGHT WOULD LOSE VALUE.
"As Trump downplayed the virus publicly, memo based on private briefings sparked stock sell-offs: NYT"
THAT'S NOT WHAT HAPPENED.
Accredited investors decided to SHORT sell.
Meaning BUY STOCKS THEY THOUGHT WOULD LOSE VALUE.
Hill staff writer @BudrykZack HAS NO KNOWLEDGE OF THE STOCK MARKET.
Neither does Joe Biden.
And hedge-fund investors lost their shirts. https://www.institutionalinvestor.com/article/b1lv45rz4r8ln6/Emerging-Market-Hedge-Funds-Had-Record-Assets-Then-the-Pandemic-Hit
Neither does Joe Biden.
And hedge-fund investors lost their shirts. https://www.institutionalinvestor.com/article/b1lv45rz4r8ln6/Emerging-Market-Hedge-Funds-Had-Record-Assets-Then-the-Pandemic-Hit
Here's the ONLY common-sense investment guru on the face of the planet:
@ricedelman
Now, I'm sure that Mr. Edelman won't mind me saying that while I recommend him unreservedly as an investment advisor, I don't use them.
My own strategy works fine for me.
@ricedelman
Now, I'm sure that Mr. Edelman won't mind me saying that while I recommend him unreservedly as an investment advisor, I don't use them.
My own strategy works fine for me.
I held on to all my assets, tightened my belt down to my spine, and rode it out.
After Trump is reelected, in short order I'll be back to where I was before.
The only change I'm going to make is a cash reserve.
I hate doing that, but thanks to EVERYONE ELSE, I must.
After Trump is reelected, in short order I'll be back to where I was before.
The only change I'm going to make is a cash reserve.
I hate doing that, but thanks to EVERYONE ELSE, I must.
A final note:
Remember the Great Toilet Paper Rush of early 2020?
And now we're being suffocated by maskism?
NO WAY IN HELL CAN AMERICANS TAKE BAD NEWS.
Trump was absolutely right to keep his knowledge to himself.
I remember the madness of Y2K.
Remember the Great Toilet Paper Rush of early 2020?
And now we're being suffocated by maskism?
NO WAY IN HELL CAN AMERICANS TAKE BAD NEWS.
Trump was absolutely right to keep his knowledge to himself.
I remember the madness of Y2K.
"Level with the American people."
Not when so many of them are insane children.
THEY SOCIAL DISTANCE IN THEIR CARS HERE IN CALIFORNIA.
The Mask Gestapo chases you with pitchforks.
The state has flipped like a giant pancake.
Not when so many of them are insane children.
THEY SOCIAL DISTANCE IN THEIR CARS HERE IN CALIFORNIA.
The Mask Gestapo chases you with pitchforks.
The state has flipped like a giant pancake.
This thread should prove to you once and for all that the press and the Democrats have NO factual knowledge on any subject.
And THAT'S why I turned off the debate last night.
Biden has no idea how to run anything except his mouth, and now he's crappy at THAT too.
And THAT'S why I turned off the debate last night.
Biden has no idea how to run anything except his mouth, and now he's crappy at THAT too.
@JackPosobiec wrote that after the debate, Trump said to his staff, "Let's finish this."
YES.
FINISH IT.
Then we dance!
END
YES.
FINISH IT.
Then we dance!
END
