Congats to the 22-year-old son of Sen. Kirsten Gillibrand (D-NY) for raising $30 million on his new company with a $300m valuation.
His prior work -- as a Senate intern and then in the Congress Influence department at Andreessen, Horowitz -- is a testament to our meritocracy!🇺🇸
DID YOU KNOW...?
▶ VIX was *UNDER NINE*
▶ As recently as Jan 4, 2018
▶ When it got as low as 8.92 intraday
33 days later, during Volmageddon '18
▶ VIX was over 50.00 which was like
▶ 4th of July and
▶ New Years and
▶ Losing your virginity all rolled into one
BIG SIGNAL AT THE OPEN
Today, the opening tick on the S&P 500 $SPX was higher than the opening tick yesterday. In fact, this has now happened 24x in the past 31 trading days.
Is that rare? Well, if you take out the overlaps, here's how the market did going forward every single time it happened since 1950.
OH MY GOD, OH MY GOD, OH MY GOD, @ODDSTATS! DO YOU SEE WHAT I SEE? WE'RE ALL GOING TO BE RICH!
Of course I see it, I made the chart. But you need to remember three important things:
1) This is the past, not the future
2) This sample size is way too small
3) You're the sort of person who only got into the program because your parents paid for the new scoreboard and you could find a way to fuck up dialing 9-1-1.
HISTORIC CRUSHED VIX
$VIX just went from above 31.50 to below 16.20 within 27 trading days (intraday, not at the close). A massive turnaround in a very short time. How massive?
There's only been one time in the history of $VIX that it went from above 31.50 to below 16.20 in such a short time frame; in early 2019. At that time, $SPX had just exploded upward almost 10% in 25 trading days and people on this very app were certain the market was preparing for another quick nosedive.
The chart below shows SPX during the VIX smash (left of the brown line) and then how SPX did over the next 6 months (from 0.00%, right of the brown line).
BUT @ODDSTATS, CAN YOU EXPLAIN THIS IN ENGLISH BECAUSE I'M NOT SMART ENOUGH TO READ A CHART?
Sure. Despite everyone on this app being certain the market would immediately crash following such a quick VIX collapse and SPX run-up, the market just kept going up and all OTM puts at least 6 months out expired worthless. Does this mean you should buy calls? How would I know? This chart shows 2019, not 2026.
I know...it IS amazing to have me back even if you can't understand a word I'm saying.
The big lie of “gov sucks at everything “ , is that they suck the most at enforcing performance and costs.
You know what’s worse than the gov running a service? Private companies knowing that the gov entities they contract with can’t do shit to stop them from fucking up everything and making a fortune.
I’m not saying this applies to every private company. Many do have ethics. Not all. And as an entrepreneur, it’s embarrassing to us all.
Need proof ? Look at the Noem ad contract.
Look at healthcare. Taxpayers provide 70pct or more of the revenue of the largest insurance companies.
Those same insurance companies get fined and found liable for ripping off taxpayers, again and again and again. And they still get to do business with the gov, knowing they can effectively steal money from us all. The fines are a nuisance.
And this is healthcare. When they lie, people die.
Maybe when we are smart enough to pass laws saying that gov contractors get one mulligan. Two fines from any government entity and you are blacklisted from Gov contracts at the state and federal level for 10 years. That’s when things will change
Until then the concept of privatization of gov services like the tsa or post office or .. is just a license for a private company to abuse taxpayers and face next to no consequences.
@Dcpcooks Trump quagmire, he spent that last of his political ammo on this. Boy he really didn't read the room on this one, November is going to be wild.
.@RepLuna: "I think it's really disgusting how this institution protects itself...we just had a Member of Congress literally sexually harass a woman that then lit herself on fire and you all protected him! You guys all protected him! My own side, your side."
Today, only 65 of us voted to release names of congressmen who have used the sexual harassment slush fund to pay off claims against them. 357 members voted to “refer it to committee” knowing that resolution ain’t ever making it out of committee. Roll call:
https://t.co/p1ZoTsILgh
It's almost as if they don't even like us. Like walking into a restaurant and they just start fucking with us, we don't know it but they are spitting in our food, trying to get us upset, so I'll glance at 100 ads from the people/institutions they actually like.
I literally teach my male clients about how they're being manipulated by social media algorithms. Once it starts to click, and they start to see that their hate and anger toward women/society is being manufactured and manipulated for money, they start to wake up
I literally teach my male clients about how they're being manipulated by social media algorithms. Once it starts to click, and they start to see that their hate and anger toward women/society is being manufactured and manipulated for money, they start to wake up