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Eric Cantonese
Dec 21, 2004

You should hear my accent.

The CCP's approach to prosecution is a lot like Medieval Europe. If they can, they like to throw in a moral offense or two to make the defendant extra unpopular and give the execution a more palatable veneer.

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Eric Cantonese
Dec 21, 2004

You should hear my accent.
So what is the end game for all these Gamestop theatrics? Are they waiting for the short sellers to go bankrupt or something? Is Gamestop that likeable of a company? I don't play video games so this all seems like a lot of fuss over an ailing retailer with mediocre turnaround prospects.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Monkeys are horrible creatures. Why do people care more about this than sweatshops or inhumane labor practices?

Plus, the allegations are ridiculous and false given the scale of production involved, but whatever...

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Shageletic posted:

My first stab at the stock market has been short circuited by the government and capitalist monopoly, all my thoughts and feelings regarding the uselessness of stock trading are being fulfilled lol

Potentially stupid question, but why not just try index funds or some other stocks instead?

As others have pointed out here, the minute you're dealing with a short squeezed meme stock that has media attention, you're going to be in a desperate race not to be the bagholder.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Iron Crowned posted:

I always said that the original OWS didn't go far enough. It was just a bunch of broke millennials hanging out making things unseemly to the wealthy until they got the cops to clear them out on horseback.

I kept telling people that it needed to get violent in order for things to happen. Right now there's a major powder keg in this country/world, and maybe it won't be this blatant bullshit from Wall Street, but something is going to happen that sets it off.

The election of Biden was the way to placate some, but I think it's only a bandaid, as things are about to get so much worse over the course of the next year or two, and when it finally collapses, whatever happens is going to be spectacular.

I don't know if it needed to get violent, but it was easily ignored, which is the worst fate for a protest movement.

I worked in the area and OWS wasn't that disruptive after the first couple of weeks. I heard various bankers/traders kind of whining about how they didn't get it and how OWS participators would use the public spaces of the buildings of the very institutions they were protesting against for chilling out, but that was it. Sometimes you'd have to walk around a bunch of teenagers chanting silly stuff like "poo poo's hosed up and bullshit!" but you'd get to the Starbucks or wherever eventually and then it was back to a normal corporate drone day. It turned into background noise after a while.

I felt bad for a lot of people who were trying to camp out there because it was looking very dirty and unpleasant. And it sounds like various reports about safety and sexual assaults were overblown, but it didn't look very safe at Zuccotti Park. https://www.businessinsider.com/truth-about-crime-at-occupy-wall-street-2011-11

And another issue with protesting near Wall Street is that most of the big banks, financial institutions and law firms work in midtown...

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Agean90 posted:

because the point is a make a bit of money quickly and spite a hedge fund at the same time. you can do that with just 50 dollars, where as doing long term poo poo with it gets you jack.

I was just thinking even some individual stock picking could fun thrills for people. And it doesn't necessarily have to be super long term or in obscure stocks. If you got into something like NVIDIA or AMD this time last year, I think you'd be up more than 100%, but I'm sure if you sold earlier you could at least get, like, some marginal gain and then you'd just churn like that for shits and giggles.

And there's always other forms of YOLO day trading like penny stocks.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Are they getting harassed a lot? That's horrible. They do a lot of good work. :(

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Sarsapariller posted:

That's how I feel, based on absolutely zero evidence. This thing went from 4 to 400 dollars and people thought that was just the beginning?

Something something look at what Cohen did for Chewy.com something something

Eric Cantonese
Dec 21, 2004

You should hear my accent.
You can hire Jordan Belfort on Cameo.

https://twitter.com/danielsinger/status/1356347088502546434

How much does this rear end in a top hat still owe his victims for restitution?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

BigPaddy posted:

I just need a small loan of $1m to start my slum lord empire in NY.

That’ll buy you a aging one bedroom co-op apartment in Manhattan, but everybody has to start somewhere.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

oxsnard posted:

I'd argue not actively though

Don't say this to any Iranian Americans.

Eric Cantonese
Dec 21, 2004

You should hear my accent.
SPACs seem like a good hustle if you have the time, but from that thread and other places I've read, you basically have to stay on your toes to make sure you aren't the last bag holder.

And the whole allure of SPACs for many businesses is the fact that they are less transparent and prone to inconvenient questions by knowledgeable investors than IPOs, so you basically have great soil for fraud (or at least extremely misleading puffery).

I don't think I have the energy for it.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

human garbage bag posted:

How much do I have to pay to get a gf on bumble?

On Bumble, the girl has to choose you. From what I see, it's $25 per month for the version of the app with video chat.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Rutibex posted:

im pretty sure this is the case with all dating apps

Well, the women initiate contact. Guys don't get to spam as many girls as they can to hope they can get a response or two. Is that universal now? I remember when my friends were getting on Bumble, it was the novel thing about it.

Eric Cantonese
Dec 21, 2004

You should hear my accent.
I like the Silver Surfer. :(

Honest Thief posted:

dumb question but with all speculative bubbles where does the money come from? ..i dunno is it all just credit, there's no actual liquidity running this is it?
taking annedoctal stories, people who i know got into real estate didnt have a pot to piss in before getting a loan to buy a bunch of houses to then rent out, only if they ever get in a situation where they cant extract rent anymore they're hosed

To a certain level, I think it's just people in a cycle of selling at eye-catching prices that then lead more people to buy in with the hope of selling on quickly to someoen else. The 90s comics bubble wasn't fueled by anything crazy from a financing standpoint. You just had a lot of people thinking they were making "investments" by padding their collections, which in turn led to them being willing to accept higher prices or otherwise buy stuff they wouldn't have normally because they were sure they'd get a profit later on. The assumption was that someone else was always going to be the bag holder and you were going to get out in time.

Poco posted:

Wasn't a huge part of the bubble starting a couple of estate sales/private auctions where someone WAY overpaid for some older comics (Action #1/Detective #28) that weren't in particularly good condition? And speculators were looking for the next "first appearence of Superman" comic?

Those sales might have had something to do with it, but I also think the 90s was when a certain age of collector finally had them money to indulge in their own nostalgia for late silver age and bronze age comics. It was more like getting big money for the first appearance of Wolverine or going on a rampage to buy up all of Jim Lee's or Tom McFarlane's runs with a certain title.

And comics were also finally getting printed on great paper and you had a whole generation of artists (who were overblown in retrospect) who fit the zeitgeist and were willing to make a big publicity splash to sell their stuff.

Eric Cantonese has issued a correction as of 21:03 on Feb 14, 2021

Eric Cantonese
Dec 21, 2004

You should hear my accent.

net work error posted:

I appreciate the goon's youth comic book stories. An interesting look at being inside the bubble and managing to kind of make it out.

Lots of "collectables" bubbles like sport trading cards/Pokemon/Magic is just nostalgia, availability, and how much someone is going to pay for it.
Cars are something I'm into and the weird valuations being set for some things is so weird. Old Porsche's are big ticket items and you can kind of justify it because they're unique older sports cars but then at the same time nowadays 80/90s Ford Broncos are going for big money and they were just kind of standard transportation. If you watch what some things go for on Bring-A-Trailer you definitely start suspecting some money laundering. A fairly standard Datsun selling for 6 figgies kind of stuff.
https://twitter.com/Bringatrailer/status/1360317954777206785

If you have a 90s/00s Civic (not even SI's or anything) or similar in good condition, prices on those are on the up and up even though again a lot of them are fairly standard cars.

I think much of what you're seeing is a generational shift. Silents and boomers are slowly dwindling away and now it's Gen Xers who get to chase their memories on the auction block.

And as far as the Civics go, I think that's definitely nostalgia for 90s Japanese cars. Think of guys like the Regular Car Reviews guy, but with more money to spend.

He just came out with this and I've noticed more people hankering for these cars, at least in enthusiast circles.

https://www.youtube.com/watch?v=0Gwd6EqHfsc

Auto enthusiast culture is changing. Maybe that's due in big part to decent muscle cars inflating beyond any degree of affordability. People are moving on to other things both due to price and having different memories and upbringings. The scene around old Mercedes wagons is mindblowing.

I've also read some commentary that older people are realizing that they can't deal without certain modern conveniences anymore (like better suspensions and EFI) and it's leading people either to spend lots of money for restomodding or getting into more recent 80s and 90s cars.

Anyway, at the risk of getting all E/N, I'm seeing my own dream of a Jaguar XJS slipping beyond my reach now. It's probably for the best.

https://www.youtube.com/watch?v=ZzDbkQohigY

Eric Cantonese
Dec 21, 2004

You should hear my accent.

DoomTrainPhD posted:

Hank Hill must be making a killing right now I tell ya whut

That grid ain't right.

Eric Cantonese
Dec 21, 2004

You should hear my accent.


ARK will have the last laugh.

Eric Cantonese
Dec 21, 2004

You should hear my accent.


Long live the matriarchy.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Smythe posted:

lol why do goons hate cathie

Because they’re losers and she’s a baller slay queen.

Eric Cantonese
Dec 21, 2004

You should hear my accent.
The S&P 500 is back up already and TSLA recovered a lot? What the hell happened?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Antonymous posted:

united states to invade Taiwan

NATIONALIZE NVIDIA

NATIONALIZE AMD

NATIONALIZE INTEL

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Brock Pierce? Hide the kids.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Not a Children posted:

This is weirdly uplifting and I can't really articulate why

Maybe it's the vision of people still leaving a job that involves killing despite gobs of money being thrown at them?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

oxsnard posted:

nah she's a loving nobody, their ETFs capital is all from retail traders and they brought in maybe 150mm in revenue last year. Plenty of greedy idiots get blown up all the time

Also, she's a woman and there's nothing that the financial sector likes better than making a prominent woman look incompetent.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Epic High Five posted:

That seems like a dumb plan. Why wouldn't china just go and say "look the other way as we lift the masses of impoverished Taiwanese out of poverty and within 3 months chips will be back in stock and 20% cheaper"?

Are you doubting the Daily Mao?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Pittsburgh Fentanyl Cloud posted:

People want manufacturing to come back to America because over the past century or so it's been a sector that paid well.

There's no guarantee in the future that it would pay anything more than minimum wage to start with 1.5% merit raises in perpetuity.

You couldn't count on manufacturing requiring enough skill that workers could command better salaries?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

punished milkman posted:

hosed up that all the twitter freaks posting hella charts were wrong about the ark etfs exploding today. so hosed up man

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Mr Hootington posted:

So without Marx we wouldn't have facism. Curious

The Nazis were the National SOCIALIST Party. It makes you think.

Eric Cantonese
Dec 21, 2004

You should hear my accent.
https://twitter.com/TikTokInvestors/status/1363569272824475660

I love TikTok Investors.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

crispyseaweed posted:

Cashing out on an overvalued home in suburbia seems like the right move though.

What would you do with the proceeds?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Yossarian-22 posted:

Vietnam with 2 covid cases per 100,000 people rn

Vietnam did not seek war with the West. The West sought war with Vietnam.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

BornAPoorBlkChild posted:

imma stop you right there

who the gently caress is cathie?

A capitalist slay queen. A complete GILF.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

If only Joseph Kennedy Sr. was alive today to see all of this.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

My girlfriend.

Eric Cantonese
Dec 21, 2004

You should hear my accent.
Were you guys posting like this during last year's correction too?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Mr. Pizza posted:

Me? I work for number.

Everyone does. What department are you in?

Eric Cantonese
Dec 21, 2004

You should hear my accent.

Twerk from Home posted:

the FIRE fever blows my mind because 100% equities is absolutely not a sane place to be if you are counting on your nest egg to feed you in the coming years. actual retirees right now are hiding in CDs that pay nothing, or bonds that are returning less than stocks, but at least won't get completely clobbered and leave people destitute

[insert defensive and condescending spiel about how “retire early” doesn’t actually mean “retire early” here]

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Eric Cantonese
Dec 21, 2004

You should hear my accent.

That wasn’t directed at you. I’ve just noticed that a lot of the “FIRE” gurus (especially the “lean FIRE” people) get very touchy when people point out how sparse the lifestyle they advocate has to be in order to make “retiring early” a reality. They often start saying their idea of “retirement” is “working at a job you like” as opposed to what many people would assume retirement is, which is, you know, not working at all.

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