Charismatic Megafauna said:

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Pretty solid descending channel on spy hourly going back to 3/29. I just bought xsp puts

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I finally got one! I bought some spy puts for Monday too because if the pattern holds we gapping down.

FTAG 2000 said:

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Elon's doing a TEDTalk right now. Said there is a Plan B for Twitter if they don't accept his offer. Won't expand on that.

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Hopefully Musk dumps TWTR shares and teams up with Nunes or starts his own. Would be awesome if TWTR never sees $50 again.

I do but I should be off if the markets are closed

Not a Fraud....that's very interesting and would like to know more on that....if you can..

If folks on this thread who I respect think I should move this to its own thread just let me know and the dude abides....but let's start here

Who googled Nextwave Telecom and has a basic understanding of the situation ???

They outbid everyone in order to monopolize the fcc licenses in order to essentially charge carriers to use their licenses so they could "own" the networks without having to build the network. Ended in bankruptcy because they bought so many right ?

austinAG90 said:

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Not a Fraud....that's very interesting and would like to know more on that....if you can..

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It's an indicator I got from the Twitter user "don't fade me". It's pretty good at support / resistance levels.

I don't think you should move to a different thread. It's after trading hours, so we might as well have something to read about here. Besides, these poor *******s have to put up with hundreds of my crappy posts. They can handle a few of yours.

I googled and read about Nextwave on wiki. So basically they won a bid for licenses and paid 10% down, then they defaulted on their payments and filed for bankruptcy protection, then the licenses were sold to AT&T for $17 billion, but somehow Nextwave was awarded the licenses back? AT&T then waited for Nextwave to fail and bought the whole company and the licenses for $600 million, roughly 3.5% of the price they were willing to pay for the licenses? If that is correct I have no idea how many of that could happen.

I asked about this awhile back and searched it out. I haven't really used it though, just thought the name was interesting.

https://www.tradingview.com/v/ZfmnU2VL/

slacker00 said:

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I asked about this awhile back and searched it out. I haven't really used it though, just thought the name was interesting.

https://www.tradingview.com/v/ZfmnU2VL/

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It's a good visual representation to use with other factors.

Guilty as charged. For whatever reason I'm finding it twice as difficult to trade bearish. Not sure id that's just being new or psychological. Harder for me to pull the trigger on those trades but I'm going to have to learn that sooner than later

krosch11 said:

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Guilty as charged. For whatever reason I'm finding it twice as difficult to trade bearish. Not sure id that's just being new or psychological. Harder for me to pull the trigger on those trades but I'm going to have to learn that sooner than later

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Ditto

aggiedaniel06 said:

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Possibly. Stagflation is a real threat in the near future. The Fed still has one monetary policy trick left which is YCC and I can even see the fiscal policy trick of UBI, if inflation doesn't subside.

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How would UBI not exacerbate inflation?

Seven Costanza said:

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aggiedaniel06 said:

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Possibly. Stagflation is a real threat in the near future. The Fed still has one monetary policy trick left which is YCC and I can even see the fiscal policy trick of UBI, if inflation doesn't subside.

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How would UBI not exacerbate inflation?

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yeah I don't get this. More disposable income dollars would serve to drive prices even higher. We don't have an income wage issue, we have a production issue.

Ragoo said:

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Seven Costanza said:

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aggiedaniel06 said:

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Possibly. Stagflation is a real threat in the near future. The Fed still has one monetary policy trick left which is YCC and I can even see the fiscal policy trick of UBI, if inflation doesn't subside.

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How would UBI not exacerbate inflation?

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yeah I don't get this. More disposable income dollars would serve to drive prices even higher. We don't have an income wage issue, we have a production issue.

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Way out of my depth here but maybe "fiscal policy trick" of UBI is the cost of everything going up doesn't matter if you're given more money to pay for it. Keeping pace with inflation rather than fighting it.

ETA: government could subsidize (increase subsidies?) american production or manufacturing in tandem

Ragoo said:

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Seven Costanza said:

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aggiedaniel06 said:

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Possibly. Stagflation is a real threat in the near future. The Fed still has one monetary policy trick left which is YCC and I can even see the fiscal policy trick of UBI, if inflation doesn't subside.

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How would UBI not exacerbate inflation?

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yeah I don't get this. More disposable income dollars would serve to drive prices even higher. We don't have an income wage issue, we have a production issue.

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I think we already have a wage/price spiral happening (people demanding higher wages in response to higher expenses, making costs go up for employers, resulting in higher prices that increases demand for higher wages).

With UBI, I assume that even fewer people would be willing to work, resulting it less production (and higher prices due to lack of supply) and increased difficulty in finding workers, resulting in higher wages and again higher prices. And the more UBI you throw at it, the faster that accelerates.