The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-man’s land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground we’d lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war won’t be won in a day, but it will be won. Tell my wife’s boyfriend to tell her I love her.
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I saw JPOW at the grocery store
I saw JPOW at the grocery store. I was buying a dozen eggs last night and the store was kind of slow since it was after dark. Some old boomer was in front of me and chatting away with the woman at the cash register. Everyone had masks on, but as soon as he spoke I recognized the voice. He was telling the lady how inflation is a good thing. She said how come inflation keeps going up but minimum wage never rises? He ignored her and pulls out a large sheet of $1 bills. He asks if she had scissors but she said no.
He looked back at me and saw the eggs and said "You workout huh? Its good to stay healthy. I used to workout by lifting bales of hay after school in 1952. Eggs are a good source of energy, mind if I take one? " I shrugged and told him.go ahead. He opened my pack of eggs, takes one out, lowers his mask, just throws the whole thing in his mouth shell and all, puts his mask back up, and begins chewing loudly. As he's chewing he's crookedly folding and ripping a sheet of dollar bills handing them to the lady individually. While he's chewing he tells me it's a great time to buy bonds. I tell him I'm good.
The store was short on change so he just pays the full dollar amount. He hands me a crooked bill that is almost ripped in half and says "thanks pal, in the future that single egg will be worth a dollar so we will call it even"
Im heading to my car after and I see him and another boomer arguing. There was JPOW and he's arguing with a man built like a gnome wearing a poorly fit collared shirt. The little man spoke and I instantly knew it was Cramer. Cramer wanted JPOW to hurry up and stop hogging the best parking spot. JPOW tells Cramer that hes got his mask on inside out and upside down. They both start talking about inflation and then look deep into each other's eyes and start making out with their masks on.
It was a pretty weird.
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Classic
Investing in gourd futures
Due to local fluctuations in the tropopause, the jet stream has been shifting rapidly in a counterclockwise vector, causing a rapid disincorporation of the Hadley vortex cells in the lower ionosphere. Because of this, the geostrophic solar wind balance has deteriorated rapidly in the northern hemisphere. In essence, autumnal weather patterns in the western United States will lead to the biggest ornamental gourd yield in recorded history. Investing in gourd agricultural futures could likely produce up to $1600 per day in passive income. However, investing at the apex of the curve would be the most conducive to profit as the arbitrage (particularly 12b-1 fees) will develop at a market share higher than the back-end load. Basically, no one will be able to buy the stock at a higher price than you, and all value invested will be retained. A preliminary market penetration investment of $50,000 would be most efficient in generating this revenue.
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I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
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I want JPow to use his full range of tools on me 😫
I want JPow to use his full range of tools on me 😫
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Mitch is the type of dude who...
Mitch McConnell shaves his face with the same razor he shaves his nuts and butt hole
Mitch the type of guy to put on sunglasses to get another free sample at Costco
Mitch the type of guy that says "you too" when the waitress tells him to enjoy his meal.
Mitch the kinda guy to leave “smile more” on the tip section of a receipt
Mitch is the type of dude who says "Ni Hao" to the waiter at a Thai restaurant
Mitch the type of guy to shower then shit
Mitch McConnell claps when the plane lands
Mitch is the type of dude who thinks crest toothpaste is spicy
Mitch the kind of guy that uses self checkout with a full cart.