I started a YouTube channel that will begin with my $BBBYQ video series uploaded if you prefer to watch or listen there. I've starting with Part 1: Interests; here is a direct link: https://t.co/4zhjZCplht
more soon!
China is the only country that does not experience "Overnight Drift" due to banning same day buying and selling.
This rule would greatly empower retail investors who may not have the time or capacity to trade overnight.
https://t.co/7npzBpIoqY
The Hollow Men Lost In The Overnight Drift $GME
With the topic of "Overnight Drift" trending I decided to revisit it. It is the phenomenon where most stock gains come from overnight trading and not during market hours.
Bruce Knuteson, a former physics professor at MIT and former quant trader at DE Shaw, wrote several papers on this topic.
In his first paper on this topic from 2016 titled "Information, Impact, Ignorance, Illegality, Investing, and Inequality," he sought to answer "...why the cyclically adjusted price to earnings ratio of the S&P 500 index has been oddly high for the past two decades, why gains to capital have outpaced gains to wages, and the persistence of the equity premium."
His conclusion, in layman terms, is simply that market participants pump up stocks in the morning while taking advantage of wider bid-ask spreads and selling in the afternoon with the advantage of sharper bid-ask spreads. This causes the stock price to "drift" into the direction he wants it to go, which over a long period of time is typically up. In turn, we end up with publicly traded companies that have valuations completely detached from their fundamentals.
While it may not be a complete answer as to why the stock market is seemingly always disconnected from the economy, it does give a credible explanation. It's a major driving force in the wealth inequality between those that participate in the markets and those who depend on wages for a living. To add insult to injury, wages are severely oppressed via the oversupply of labor thanks to programs such as H1Bs, major influx of legal and illegal immigration, hiring overseas, etc.
This is how we ended up with two completely different Americas, one filled with Hollow Men and one filled with a minority of parasites thriving on blood money. However, the "Vampire Baal" is coming to an end.
The cyclically adjusted price to earnings (CAPE) ratio was created by Nobel Laureate and Yale economist Robert Shiller. It also goes by the name of the Shiller PE Ratio. It was created to adjust price to earnings in the context of inflation.
The Shiller PE ratio nearing it's December 1999 peak of 44.19, right before the infamous Dot Com bubble burst. It is currently 41.57 as of this writing and basically means the current market condition is severely overvalued.
I am not the first to say this and I certainly won't be the last, but we can expect a major correction that will bring the Shiller Ratio down to it's average of 17.
A generational market meltdown certainly won't end well for GameStop's short sellers.
🇦🇱 Day 6 of MASSIVE DEMONSTRATION in Albania AGAINST Jared Kushner and Ivanka Trump
Chants: "Albania is Not for Sale," "Ivanka, Go Home"
Hats Off to Albania 🫡
Footage via afrimtahiraj and rizartahoxha on the ground
KEURIG ANTITRUST LITIGATION ☕️
The Newly filed Notice of Joint Statement confirms both legal teams are already coordinating the case schedule. This alignment skips typical legal delays, fast-tracking the timeline straight to discovery & accelerating the massive antitrust payout.
@PhantomBlack699@CGasparino Stop the shit flinging. Be better than them. People don’t give a shit what a shill has to say, so engaging and pretending they’re relevant gives them power.
They are not.
Doug Ford has made his choices.
He chose to buy himself a $30 million private jet. He chose to change the law to hide his phone records. He didn't choose to make life more affordable.
I'll keep holding him to account every single day.
part 7: I would like to share compelling points relating to the HBC equity raise and its use to secure the position of the Holder of Interests, which forced participation in the $BBBYQ third-party release. I hope you like it.
$BBBY
(old).
Case Update: DK-Butterfly-1 Escalates Lawsuit v HBC Investments to Appellate Court
DK 🦋 , has officially advanced their securities dispute against HBC
https://t.co/wcv3HzeAIu 👀