The impact of momentum trading is very evident in this market. Tesla is a great example with a silly run up based on nothing, but also an incredible pull back from the highs. It is definitely a workable trading strategy to jump on hot stocks and bail at the first sign of a sell off.

From the final days of grad school, research had shown that momentum trading was an unexplained violation of efficient market theories. It fits nicely into the growing field of behavioral finance. The simple fact that stock splits were driving Apple and Tesla higher are great examples of behavioral mechanics on the market.

The 1%ers deeply love 401K.

Not really. The amount of money you can shield from taxes is low for a 1%er. The upper middle class benefit the most, but I still get maxed out on contributions each year.

They love that 401K is a faucet that never turns off.

Weird, I see Dolphin looking in my asshole

Weird, I see Dolphin looking in my asshole

Look, if your bitter about your shitty life that's on you. I guarantee you more money in the hands of the average American would make zero change in their quality of life. They'd probably just get fatter and more consumer addicted.

Americans make more money than any other people on earth aside from small nations like the Gulf rentier states or Switzerland. The lower third of Americans by income have a higher median income than overall the entire countries of Belgium or Italy.

Wasn't my decision to crank the printing press into eternal overdrive.

Americans make more money than any other people on earth aside from small nations like the Gulf rentier states or Switzerland. The lower third of Americans by income have a higher median income than overall the entire countries of Belgium or Italy.

Yet you benefited from it more than most. And are something of an exuberant ingrate as a result. Odd.

It was stupid and never should have been done. That said, I'd be a fool for turning down free money.

I have a joy filled existence on this planet, and I’m grateful for each day.

Your second sentence is just you doing your massive generalizing of a certain set of people routine with no clear evidence to back anything up.

Your third sentence is funny, but once again we have no evidence to support or negate implementing something like UBI in this country.

I’m sure your next post will just ratchet up the hateful rhetoric, and will predictably provide even more generalizing.

Any feelings I might have had toward legitimizing UBI went out the door as soon as I saw these idiot Generation Z fuckhead Antifa-loving useless bastards. No way we should pay these fucks for doing nothing. No fucking way.

The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month.

The Fed now owns almost a third of bonds backed by home loans in the U.S.

Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February.

Morgan Stanley analysts pointed out in late March that the buying was running at eight times the pace seen in prior episodes of Fed purchasing under programs known as quantitative easing.

Just before this latest round, principal payments from its mortgage bond holdings had whittled that down to 21%, but it has now increased back to 30%.

If the Fed maintains its current buying pace, it will again own 34% of the mortgage universe by year’s end.

https://www.thestreet.com/mishtalk/economics/the-fed-now-owns-nearly-one-third-of-all-us-mortgages

The victims are the American People and the Republic itself.

The Ponzi scheme is going to be exposed real soon denni$.