Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Futures are up. I guess the street thinks Powell will keep spiking the punch bowl?
But this guy was spot on, Nick. Well, maybe not perfect timing? It didn't happen until 2018.
Where is Elaine Garzarelli when we need her? :)
Who was the guy back in the latter years of the 20th century who predicted DOW 25,000? Most everyone laughed at him.
It has to be luck, Eric. :)
One of the things I have noticed, Eric, is that intelligence seems to decline with age. Most who are under the age of 20 know everything that is worth knowing. By the time one has children who are teenagers, mental retardation sets in. As we advance in age, our children become smarter and we lose cognitive function until by the time we become millionaires it is a huge puzzle how we got that way, being so stupid. Don't know if you have noticed this phenomenon or not, but I surely have. For our next discussion we will take a look at common sense.
In my nearly eighty years of living on planet Earth I have run into some really stupid people. Some are so stupid that if they fell into a well you could pump stupidity for years without running out.
One of my favorites:
The sum total of the intelligence of the human species is a constant.
The population continues to increase.
What the problem really is has nothing much to do with cars, fossil fuels, or electricity generation. The problem is too many people. That is really the elephant in the refrigerator, and all environmental problems stem from that one cause. I wil start thinking our geniuses in charge are serious about things when they begin doing some discussion about that one.
Electric vehicles: The elephant in the refrigerator. An interesting read, but don't read it if you think it can all be done without problems.
https://www.msn.com/en-us/autos/news/biden-s-electric-vehicle-delusion/ar-AANpLRl
I usually do not post on boards run by people I ignore, but will make this exception. As a person with a good education in the biological sciences and chemistry, it boggles my mind as to how any person with a functioning brain could come to the conclusion that this vaccine is not effective, even dangerous. The fact is that those who refuse vaccination against Covid-19 are the ones going to hospitals and dying, not those of us who understand epidemiology. There has always been a fringe loony group in this country to whom the process of vaccination is a mystery and in opposition to their quasi-religious beliefs. They cherry pick information from questionable sources that may on the surface appear to back up their opinions, but when the whole body of information is considered, they end up being the misinformed ones. Let those dim bulbs take their chances. Those of us who actually think have been vaccinated.
We have one more day in the upper 90s tomorrow, Nick. This hunter can't wait for the first frost!
I thought for a minute there I was in Florida. Dew point is in the mid 70s and the temperature topped out at 100. I guess calling the town in which I live, beautiful and tropical downtown Saint Thomas isn't all that far off.
Nick:
Vexari is an idiot. I ignore idiots.
I wonder when the idiots in Foggy Bottom wake up and realize what they are doing. Spending money you don't have and have no idea where it will come from is insane, but they have been doing it for decades. What the heck. To paraphrase the words of the immortal Everett McKinley Dirksen, "A trillion here and a trillion there adds up, and sooner or later you are talking about real money."
Since politics is OK now, If you want a contribution that will give you influence, Nick, I know of some "art" work that is for sale.
Good luck, Nick. The hip replacement is a snap according to one of my friends who had both of his replaced. The rehab isn't as bad as that for knees. You will probably have a whole lot less pain than you do now, and be back doing what you used to do fairly soon.
I also have F in my portfolio (IRA). I started buying it about the same prices Nick did, and kept adding to it. I think in the other account i was buying it in the $5 range, but I sold all of that when it went above 14. The government gets a nice paycheck from that one :).
Gas prices rise again, but there is no inflation. Nothing to see here, folks. Keep moving.https://www.foxbusiness.com/lifestyle/gas-prices-oil-economy
Thanks for the link, Eric. I have it bookmarked.
I am aware that some medical doctors consider chiropractic to be quackery. I do agree with them when a chiropracter trys to cure diabetes or cancer, but my chiropracter does not. His strength is backaches, and he keeps me and a few of my friends vertical. I would not use a chiropracter to treat things that border on quackery, or actually cross the line into it.
Where I ran into quackery with my backaches is actually with medical doctors. One prescribed codeine, and it did take away the pain. Fortunately I am not one who chases highs so I did not sucumb to the siren call of addiction. The quackery part was to treat the pain, not the cause, and think they were doing good medicine. The alternative eventually proposed was back surgery to remove a herniated disc. As I have friends who had such surgery and whose lives were not improved by it, I resisted and found Victor, my chiropracter. He figured out what the problem was and fixed it, and he did this using X-rays already taken by the MDs.
I should mention one more item from my medical history. When I had both knees replaced, the doctor gave me a prescription for Oxycontin. It was for 50 pills! I never filled that script. I took a couple of acetominophens when the pain hit, and that was enough for me. From what i understand of it, 50 pills is way more than enough to make an addict.
Both my chiropracter and my family doctor hunt with me, which is good. If I have a problem in the hunting field, one of them is usually there. I joke with both of them about "practicing medicine." I ask when they will be done practicing and actually play the game.
Needless to say, I am not a big fan of chiropractic, but i have found it to be better for my back problems than anything my MDs did.
So far, Eric, I have not seen much at all to indicate this antivax stuff is based upon religion. Mostly it is based upon totally unfounded opinion that this vaccine is somehow deadly, or will be sometime way down the road. They use buzz words like "that spike protein" and mRNA as though using them somehow backs up their opinion. Most have no idea that the M in mRNA stands for the word messenger, or what mRNA's role is in the synthesis of proteins. These are the same folks who fear GMOs, and have no idea what they are, but they heard they were bad on Twitter or somesuch.
My masters degree (earned in 1968) is woefully out of date, but being the curious type I have tried to keep up with the changes in the science of genetics. So much has happened during the past half-century. The body of knowledge in the life sciences has expanded so much that most of what I learned then is now in the dark ages of discovery. I suspect that body of knowledge has doubled roughly every decade. The problem with that is that most of us who make up the "great unwashed" simply do not understand most of it, and what we don't understand scares the he11 out of us. Still, we should be able to figure out some basics from facts. Those who can't scare me a whole lot, because they think they are smart, and really are not. People like that become our leaders.
Ah, well. This too shall pass, as the constipated mathematician worked out his problem with a pencil.
It is really hard for me to have sympathy for those who eschew advice from the VAST majority of medical professionals in favor of medical advice from those who post on comment boards and such social networks as facebook. I won't even wish them good luck. The fact is that 99% of those who are dying or are being hospitalized with Covid-19 have not been vaccinated. Yet these dim bulbs believe the crapola that is being spread around about the vaccine being "experimental," that the government is using it to inject chips into them to control their thinking, and that some constituent of it is a "ticking time bomb" that will kill us all. I doubt whether any of them have any idea how vaccines are made, how they work, or how successful they have been in eliminating many diseases and making others rare occurances. When I counter their arguments with facts I am told that they know far more than any medical professional could possibly know about the conspiracy surrounding this vaccine. So basically, I give up. Let the idiots take their chances. The adage that the sum total of all human intelligence is a constant and the population is increasing seems to be spot on.
To paraphrase the words of Everett McKinley Dirksen (some are old enough to remember who he was),
"A trillion here and a trillion there adds up and sooner or later you are talking about real money."
I think so long a chairman Powell keeps priming the pump this market will not have a major crash.
And, we blithely disregard the fact that all those batteries need to have a source of electricity to charge them, while we convert our generation to solar and wind. I do think electric autos will work just fine in major metropolitan areas where driving distances are fairly short. Will they be as good in flyover country? I wonder what we are letting ourselves in for.
Not a problem to me, Dan. It is your board and you can post whatever you wish. I will no longer argue the point.
You present no 'evidence' to back up your claim that the vaccine will do damage to people. Kunstler's quoting a licensed medical professional does not qualify, since the individual is not named nor is a link provided. In short, a guy who writes a column (part of the name of which is the F word) does not get a pass on presenting evidence that passes the smell test. I guess saying we should stop posting on this topic was just noise, since you keep doing it.
Once again, if you choose not to get vaccinated, that is your choice. I do wish you would make that choice based upon facts and not stuff such as this, but again, that too is your choice. It is a fact that since most of us in PA have got vaccinated, our hospitals are not loaded with cases.
A verifyable fact is that the vast majority of those hospitalized and/or dying from Covid-19 have not been vaccinated. Work on that one.
Texas hospital employees who refused to get COVID-19 vaccine have resigned or been terminated
The Houston Methodist hospital system requires employees to get vaccinated.
By
Joseph Guzman | June 23, 2021
Story at a glance
The Associated Press reports 153 employees either stepped down or were let go Tuesday.
Earlier this month, the hospital suspended 178 employees for failing to get vaccinated.
On June 12, a federal judge dismissed a lawsuit filed by a group of employees against the hospital who are fighting the vaccine mandate.
I guess there are consequences?
What more do I need than the fact that 99% of those hospitalized for covid-19 are unvaccinated, and the same percentage of those dying are also unvaccinated? I am sure that a significant percentage of the population will not believe those figures, just as I do not believe those who rail against the vaccine. Some will even be educated, but having an education has nothing to do with common sense. That is gained in the schools of hard knocks, not the halls of ivy. Remember that teachers are educated, and many of them think teaching CRT is the way to go. It does not surprise me that a staff of a hospital might decide they knew more than most medical professionals.
I stand behind what I said. I have not talked to a single medical professional who recommended not getting the vaccine. I am sure some can be found if one looks hard enough. Hey, I found an article online where the doctor recommended Warfarin/Coumadin rather than the watchman procedure, and I also found doctors who recommended Xarelto as a blood thinner for those of us with afib, but did not recommend taking aspirin because it causes bleeding. I almost bled to death while taking Xarelto, but never had a problem with aspirin while taking it for most of my life, but SOME PEOPLE DO! Warfarin is rat poison, and I won't take that.
Some people get a reaction to flu vaccine (Guillan/Barre'), and about the same percentage get it from the Covid-19 shots. That is not to say everyone should avoid getting the flu shot because a very few might have a side effect. You take the overall effect of disease prevention as being most important, and watch out for the side effects. The flu vaccine is also not perfect, but even when it didn't prevent the flu, it did seem to make the flu less severe, and I haven't been sick with influenza for the past decade or so.
Ah, whatever. Don't get the shots if you don't want to. This is America, not Russia.
No reason whatsoever, Dan. I understand that rational beings disagree and accept that as fact.
And, there is more! Over 99% of those who die from Covid-19 are unvaccinated. This is from the Rolling Stone, not the New York Times.
https://www.msn.com/en-us/health/medical/992-percent-of-all-us-covid-deaths-are-unvaccinated-new-analysis-shows/ar-AALpouO
These are facts, not opinions. I am having trouble finding any articles that I would characterize as factual and scientifically accurate in which the author recommends not being vaccinated. I have no problem finding such opinions on some comment sections of conservative websites. I wonder about this. Are those posting this stuff such as the government putting microchips into the vaccine for real?
That we disagree does not bother me, Dan. I made that offer since it is your board and not mine, so I have no wish to be where I am not wanted.
The problem I see is that the vast body of fact surrounding this vaccine is that it is effective in preventing most cases and most deaths from even the new Delta variant. I saw this on WebMd. 99% of patients hospitalized for Covid-19 are unvaccinated. That is a fact.
link:
https://www.webmd.com/vaccines/covid-19-vaccine/news/20210513/over-_99-percent-hospitalized-2021-covid-patients-unvaccinated
The death rate for those vaccinated is close to zero. I have had two people I know die from the disease. Neither had even the first dose.
As I said before, I have not talked to one medical professional (from nursing assistants to MDs) who did not recomment the vaccination. I take my medical advice from them. Both my wife and I got the two Pfizer shots, and if a booster is released, we will get that one too.
It was your article, Dan. The inference was that Eric Clapton had changed his mind and does not support this vaccination program because he got sick after taking the vaccine. If this inference is supportive of vaccination against Covid-19 I need to go back to school and take a course in reading. It was offered in the article as "evidence" against the vaccine, which it simply is not.
The title/subject of your board is Economic Collapse. While the pandemic has had a definite effect upon the economy, and while I believe that the stock market as an indicator of the economy is a big negative because it is in bubble territory, I don't think whether or not one chooses to get vaccinated is relevant to the board's stated subject. I also do not think most opposition to this vaccine is based upon good science. The opposition reminds me of those groups who want creation taught as science and who oppose anything having to do with the exploration of the universe. I am a conservative, fiscally, and have a masters degree in biology. I also studied epidemiology and did work for a time investigating disease outbreaks. When I see something posted that I don't agree with, I comment.
This is your board. If my posts are not welcome here, tell me and I will leave. No need to ban me. Drop me a pm if that is the case.
Are we now to get our medical advice from Eric Clapton?
It is interesting that nearly all medical professionals agree that this vaccine is safe. In fact, not a single one that I have talked to thinks that you should not get it because of it being dangerous.. Every single medical professional, from nurse assistants to MDs have recommended people get vaccinated.
If one gets his entire body of knowledge about Covid-19 and the vaccines to prevent it from message boards, one might be excused for thinking differently, but not excused for poor research. I continue to be amazed by this phenomenon of people who obviously are not such telling folks to avoid this because it will kill them. I am not sure I want to categorize Ron Paul as a medical professional because he is currently practicing politics, not medicine.
Of course my opinion can be discounted because I am old and couldn't possibly know anything worth knowing. Only teenagers know everything. Another amazing thing is how the brain deteriorates rapidly after age 16 and no significant knowledge can be aquired after that.
So, while I sometimes agree with Kunstler's ideas, on this one I think he is full of something.
Now just a bit of history for you. The word "vaccination" comes from the name of the cowpox virus, "vaccinia." The disease smallpox ravaged the human population until doctor Edward Jenner noticed that milkmaids who got cowpox sores on their hands did not get smallpox. There is no smallpox today because of Jenner's discovery. Nobody need fear polio, as I had to while growing up in the 1950s. There are literally dozens of previously fatal and common diseases that are no longer a threat because of vaccinations against them. You all may skip getting this one if you choose. This is America. But please keep the words of Oliver Wendall Holmes in mind if you choose not to be vaccinated. "The right to swing your arm ends where my nose begins."
What simply amazes me is how so many folks get their information about vaccination from message boards and seemingly have no interest in any science involved. Rumors abound, and people would rather believe them than do real research and find out the facts. They simply accept such crap as the government using the vaccines to implant microchips in you as fact since some dim bulb posts it on a board.
I absolutely agree with what you are saying. This is America, and people have rights. Those rights do not include the right to endanger others. In the words of a former Chief Justice (Holmes, I believe), "The right to swing your arm ends where my nose begins." If you choose not to get vaccinated, that choice should have consequences. I see no problem with having to carry that little card that tells when you got vaccinated in order to enter any public place.
Mine is in my wallet.
I am can't add to my IRAs because I am retired and do not have income from a job. I do have this one in my Roth IRA, but would not hesitate to buy it in any portfolio. I understand the tax consequences, but do not pay my taxes out of any dividend income, so the old rule of 72 still applies.
I liked the comment about Buffet's affection for preferred stocks. You will probably never find a broker who would recommend a single one of them. I think for older folks such as Ms. Doris and myself, a portion of our investment portfolio should be in them, and most of the rest in dividend king type stocks. I am too old to chase growth.
Comcast is a great example of how a company can still be in business while angering nearly every customer they have.
Me neither, Eric. I am not a fan of Elon Musk, but he did say one very intelligent thing.
"I hate it when people confuse education with intelligence. You can have a bachelors degree and still be an idiot."
The problem with intelligence is that there are really two categories of it. One is what I like to call "book smart." One can get this from reading or watching TV. It may or may not have much to do with the second type of intelligence, "Street smart," also known as "common sense." One gets this from a wide and open life of interaction with all different types of people and experience with the world of work. It can't be gained any other way.