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OT: Stock and Investment Talk

This Barclays VXX saga is absurd.

I actually turned some pretty coin on that ETN back in September 2020.
 
More inflation BS = two of my local lunch joints jacked up prices 30%. Grilled chicken panini now $13?!
 
More inflation BS = two of my local lunch joints jacked up prices 30%. Grilled chicken panini now $13?!
Man up and stop whining. I haven’t notice any inflation yet. However, we don’t bother looking at day to day costs of life. 😀
 
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Totally agree with his point on high quality large cap is the place to be over-weighted, especially in an environment like this.
+1
Also, I posted a video above that makes a similar point. The nominal yield curve that many are citing is BS now. Even if it inverts, the “real” yield curve which is more important looks perfectly fine.
 
Man up and stop whining. I haven’t notice any inflation yet. However, we don’t bother looking at day to day costs of life. 😀
Well, when you go to the same place every week and are used to paying $10 and now it’s $13+ hard not to notice! Fortunately, these increases don’t change my lifestyle but I imagine others are feeling it.
 
Well, when you go to the same place every week and are used to paying $10 and now it’s $13+ hard not to notice! Fortunately, these increases don’t change my lifestyle but I imagine others are feeling it.
They are using inflation as a justification to raise prices greater than the rate of inflation
 
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I agree. I see many locations increasing their prices, sometimes I just pay up and other times I reduce the number of times I will visit the location.
Some of these places have some balls with their price hikes. I just write them off permanently each time one does this. My cooking skills have gotten to the point where I can make something at home that is often just as good for a fraction of the price.

Is Asbury Park beer garden still asking 28 bucks for a bratwurst platter LOL
 
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I agree. I see many locations increasing their prices, sometimes I just pay up and other times I reduce the number of times I will visit the location.
When the State took the sales tax off the wholesale sale of liquor and put it on the retail sales of each drink the bar owners raised the cost of a drink by 50% and blamed in on the sales tax
 
They are using inflation as a justification to raise prices greater than the rate of inflation
Maybe some are, but where I'm at, raising prices is just part of our weekly regiment. If we don't we will be selling stuff at, or even below cost. That is obviously not good for business.

And of course there is the weekly hunt for products which are in warehouse.

Luckily we haven't had to hire anyone lately.
 
Going to put a foot on a third rail here.

But maybe we should be letting people cross the border in order to help fill these jobs?
 
Going to put a foot on a third rail here.

But maybe we should be letting people cross the border in order to help fill these jobs?
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Barclays overissued shares of the ETN and now its FUBAR. Just crazy considering I actually invested in this.
Basically they issue then sold securities they were not allowed to sell because some junior analyst forgot to file a generic SEC form allowing them to actually sell. Billions in securities now have to be bought back at par, some currently worth well below.
 
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Cue the circus music:

GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket.
 
Cue the circus music:

GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket.
More shares to short!!!!
 
More shares to short!!!!
Monkey see, monkey do. Ryan Cohen saw the bump/pump TSLA got the other day from announcing they will ask shareholders for approval. Every company should just start tweeting about every proposed corporate action and watch the stocks rise.
 
Basically they issue then sold securities they were not allowed to sell because some junior analyst forgot to file a generic SEC form allowing them to actually sell. Billions in securities now have to be bought back at par, some currently worth well below.
In my view, I wouldn’t characterize it as a junior analyst forgot the file a generic SEC form. Basically their practices didn’t adhere to the their registration statement filed with the SEC. They needed to file another registration statement or shelf registration, or stay within the parameters of the effective registration statement. Senior heads (Chief Risk Officer and others) will likely roll. This was a huge blunder that goes to senior management. In my opinion…
 
Cue the circus music:

GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket.
makes perfect sense lol
 
In my view, I wouldn’t characterize it as a junior analyst forgot the file a generic SEC form. Basically their practices didn’t adhere to the their registration statement filed with the SEC. They needed to file another registration statement or shelf registration, or stay within the parameters of the effective registration statement. Senior heads (Chief Risk Officer and others) will likely roll. This was a huge blunder that goes to senior management. In my opinion…
I read the Matt Levine BBG opinion piece which I know was poking fun at the situation and that’s how they classified it.
 
I read the Matt Levine BBG opinion piece which I know was poking fun at the situation and that’s how they classified it.

Okay got it. But I’m pretty sure anyone who was ever involved in registration statements for securities issuance wouldn’t characterize it as such. It was bizarre in any case.
 
The CNBC crew had a segment this morning about inflation and food costs and they were saying the prices never really go back down.
Last summer, one dozen buffalo wings was $60. I got 20 wings for $26 last night.
 
Ye
Last summer, one dozen buffalo wings was $60. I got 20 wings for $26 last night.
Yeah, and you see the size of the wings restaurants are serving now? I ordered wings last week and they must have been from a newborn chick.
 
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