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spdrun
ParticipantNo, I actually meant the “Fed” — correct me if I’m wrong, but as the bank of last resort, they can buy any bonds including STATE-issued infrastructure bonds.
The “Feds” are broken, so why not have the “Fed” take over their (shirked) responsibility? If they’re buying Federal treasury bonds, they can as well buy state-issued bonds instead.
ParticipantHope it does collapse and we end up with socialized medicine (or at least a public option) instead. There now, I said it.
ParticipantIt can be deducted as a business expense if it’s used to throw at things next Mischief Night 🙂
ParticipantAnd I’m arguing that the sheen is wearing off and rationality is returning, Fed or no Fed… hype is gone — people looked at earnings briefly, then saw the forward guidance and sold off.
And again, I’m arguing that it would have been a hell of a lot smarter for the Fed to invest in infrastructure as directly as possible — at least having new, clean, working infrastructure will buoy the economy a LONG time after new stock or property bubbles dissipate.
ParticipantTaken in context of earnings, it’s terrible.
ParticipantAnd you’re conveniently leaving out that FB closed at $50.20
Up, what, 2% after supposedly blowout earnings. *yawn* This is basically within the normal daily variation for a lot of stocks, nothing to write home about.
Shoulda sold after hours when the cauldron was still a-bubblin’.
ParticipantIf you’re saying that GS is basically running a pump-and-dump scam, that’s one more reason to be terrified of the “big” social media stocks. I’m not afraid of tech companies, but I think they should provide more value than being the next MySpace.
FB has essentially admitted a problem with ad revenue going forward by forcing pay-to-play ($1 to promote this post, $1 to message this user without the message going to spam) on ordinary non-commercial users. Also, with the NSA creepiness, Americans are becoming increasingly concerned about privacy, and it’s becoming quite clear that FB doesn’t have their best interests in mind on that front.
DOW: -73
NASDAQ: -11
(at close)And again: If the Fed would have been smart a year or two ago, they’d have started buying infrastructure development bonds rather than gov’t bonds and MBS. Infrastructure improvements provide lasting value rather than blowing bubbles.
ParticipantSo go to Rutgers in NJ, hold your nose, and live in a shitty studio flat in Newark for a few years. If that doesn’t work, there’s always University of Maine, U Idaho, and U of Oklahoma that have about 50% acceptance rates.
Not the end of the world if you can graduate with minimal debt and be able to tell your boss to jump in a lake and start your own firm two years out of school.
There are also plenty of state schools that aren’t in as desirable states as AZ — though why a hellhole like AZ is desirable at all still boggles my mind.
ParticipantHmmmm, cute on one picture, scary looking on the next. Which is it? 🙂
ParticipantAs far as law school, if you can’t get a scholarship to Hahhhhhhhvard, there’s no shame in going to a public law school and limiting your debt to $50-60k for the whole duration. Really makes no difference after 10-15 years whether you end up with a JD from SUNY or Stanford if you’ve a competent attorney — ultimately, it’s a professional degree that allows one membership in a guild (the state bar).
And update for flu:
FB steady as she goes at $49/share.
DOW -44, NASDAQ -6.ParticipantIt would be grossly inappropriate for my to discuss annual earnings on a public forum, but let’s say that I’ve bought several stocks in the last year that have gone up much more than 100%.
Regardless:
* Dollar: up over the past two days despite QE3 (non)”news”
* Inventories of unsold goods: up
* Most US property markets since July: flat to slightly lower
* Consumer confidence: down
* Q4 earnings: ???
* Gas/oil prices: down.The fundamentals do not look terribly good, QE3 or none. Asset inflation is not the way to a good economy; it should be the RESULT of a good economy. Bubbles must be allowed to deflate. If the Fed wanted to really help the economy as opposed to helping the 1%, they’d start purchasing state and municipal INFRASTRUCTURE bonds instead of MBS. Plenty of old bridges and highways to fix, freight railroads to electrify, renewable and nuclear (“clean”) power stations to build. They could do what Congress has so far epicfailed at…
UPDATE: FB is now at 48.83 after-hours, -0.18 since today’s close. Bubble, bubble, toil, and trouble.
ParticipantAnd by Fecesbook, you mean “the next MySpace?” Remember them? Advertising revenue is all well and good if people actually give a fuck about the ads (thus prompting more advertising), which I’m not convinced that FB users actually do. Seriously, I can’t remember the name of a single ad or “sponsored story” from my Fecesbook feed.
This being said, it’s a good stock to scalp-trade.
LinkedIn, on the other hand, is fucking flat after dropping 23.3% today(!). Might need to buy me some tomorrow — I love trading on bad/meh news.
ParticipantSpeaking to asset prices, it’s interesting this time around. Fed stands pat, NASDAQ -20, DOW -55 (was down as much as -105 earlier). Dollar up a bit, quite nicely. Looks like QE3 is losing its effect.
ParticipantTalking about “the kids” — keep in mind that a few decades ago when their parents moved to SD, a 1800 or even 2000+ sf house was NOT considered the norm for someone just starting a family.
2- or 3-bedroom homes for a price that can be supported on an income of say $100k/yr aren’t all that scarce in SD, you know.
And I also wonder whether areas like SE San Diego will gentrify if property prices hold (it’s near downtown, near a bunch of freeways, across the Coronado Bridge, what’s not to like location-wise?).
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