Great thread satans_bpud, love the imagery!
You're right, religion is a cancer, destroys the mind with nonsense -and leads to bad decisions by humanity. Man created god, not the other way around - but you already knew that.
1) True. (...but we have many of the significant ones).
2) True. (...does anyone know the mutual relevance between all events?).
3) Subjective. (..your making your own judgement as to mutual relevance of these observations....screwball to one may be gospel to another)
Line up the dots you do observe, what do they tell you? Everything's fine or something else?
Thank you ...Just watched Cramer's show from last night - he says "no bubble", but he'll watch it for us and let us know when it's time to sell! ....simply incredible LOL!
vegan_yoga, you misunderstand the circumstances. In 2008 everything froze. No lending, no purchasing, everything was shutting down. This called for immediate help in the form of TARP, $787B - buying all the junk. This was bad enough, but it unfortunately bailed out the banks largely intact, a few closures to be sure, but the bad guys just dusted themselves off and went on their way. The moral hazard is clear, nothing of significance has changed. The banks are even much bigger now. The solution should have been to let the big institutions fail and let a govt run agency make loans and do the normal banking the average American needs. But noooo! Not only did we do TARP, but since the the economy wasn't growing (for lack of demand!) the FED began the QE process. This will prove to be a disaster since it clearly generates at best, a minimal spending-of-convenience type of growth. Not growth by real productive demand. The much better (but more pain in the short term) would have been to let natural market forces restore the economy. What we have now is a zombie economy kept alive by life-support. As I said, this will not end well!
..trying to stimulate growth. This unnatural market intervention distorts the real cost of money/investments by artificially lowering its free market rate. GDP is low and falling YoY (2-3%) that does not even cover inflation (which is unrealistically calculated). The real problem will end up being deflation, not inflation. The FED isn't saying so, but I suspect this is the real worry. As it is now, poor investments get made, risk profiles are skewed, and capital is dumped into equities by the heavyweights simply because interest rates are historically low. This will not end well. If the govt. really wanted to help, how about addressing the generational income disparity issue? Start a WPA program, fix our infrastructure, support education (make higher education free), allow personal bankruptcy, eliminate carried-interest for hedge funds, substantially raise tax rates on the wealthy, reinstate Glass-Stegal and finally, break up the big banks.
Congress is unfortunately part of the problem - those individuals are playing for themselves and their monied corporations. Long ago they have ceased to represent the people's interest. This definitely is not the democracy our founder's envisioned.
I can't fault your thinking - I agree in fact, but the immediate threat of dilution is past for now plus no surprises at the CC. The first news may be positive feedback from FDA at year end. Even the anticipation may be enough to move the stock north just a bit. Like others, this is probably a trading vehicle for now until real progress has been achieved. In true WS fashion, when news is positive, the stock will have already reacted. So you wait or place you bets now. I'm actually very underwater on my original purchases, but I'm viewing this new stake today as a fresh trade. We'll see - good luck to both of us.
Read the transcript last night - my take is more positive given that management recognizes the situation is dire and they cannot afford to waste resources. Added to my position today (downside seems limited here).