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The Original O'l Farts Club.

jokerman

Well-known member
Premium user
When I was living in New York, I got a pistol permit and an explosives license. The pistol permit was good for ONE specific pistol (a Luger, as luck would have it). The explosives license was for black powder. The only reason I was able to get all this legal shit was that I was a GI. <-- And even then they took fingerprints, and side palm prints. TINS.

Later on, in the back country town of Washington, VA, (not DC) I walked in a gun store that had a firing range in the back. Saw a Ruger Single Six for sale. Picked up the box with the shooter in it, gave the guy behind the counter $87.50 in cash and walked out. Same as buying a tire or some shoes.
That must have changed because you just need id and can buy B,P. at a gun store
still the same for pistols
 

cola

Well-known member
View attachment 19117806

Round III - Looked pretty heavy with the tell tale signs of distribution. The large red bar, seen below, is from yesterday's (Wednesday) market action. With Israel apparently having the blessing of both current and new admin to bomb Iran's centrifuges and contents things could get heated soon. Word is that the incoming group wants it done early on the Big Orange Guy's return, perhaps as early as January. Would not surprise me if not done before. The only question in my mind is does Israel have a plane big enuf for our MOAB's. I believe they may not, which would give rise to the need to use one of our aircraft - yikes. My, oh my, how the plot thickens. And the market appears ready to distribute anyway. :cautious:

EDIT: For you Tech savvy folks, the Nasdaq also sold off at 3.5% plus yesterday. Watch for coordination of all Indexes. The Street is always looking for a reason to do something, and with a government shutdown now looming .. We C ..:sneaky:

View attachment 19117801
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The selloff continued today, and now the SC's are at near term support. I have no idea what will happen next, but I do understand that it is decision making time for the Big Boyz. I have zero dinero in the markets (other than money markets), and have been entirely liquidated since January. The next overall hairrcut will likely be at a minimum of 20%, but it would not surprise me to see a 40% hairrcut, or more. Not looking to get in too soon. Sidelines look like a safe bet.
 

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dogzter

Drapetomaniac
The selloff continued today, and now the SC's are at near term support. I have no idea what will happen next, but I do understand that it is decision making time for the Big Boyz. I have zero dinero in the markets (other than money markets), and have been entirely liquidated since January. The next overall hairrcut will likely be at a minimum of 20%, but it would not surprise me to see a 40% hairrcut, or more. Not looking to get in too soon. Sidelines look like a safe bet.

View attachment 19118357
Just looking at the chart and it seems fairly flat over that timeline despite the fluctuations?
I avoid that kind of invest mainly because I think its rigged.
 

bigsur51

On a mailtrain.
Premium user
Veteran
420club
Bitcoin Vs. Gold: Which Will Beat Inflation?

S uddenly inflation worries are on the table again. That’s a bullish sign for putative inflation hedges like gold and Bitcoin—although worried investors shouldn’t overlook a simpler solution: stocks.


While the Federal Reserve lowered the benchmark federal-funds rate for the third time this year on Wednesday, policymakers walked back rate-cut expectations for 2025, triggering worries up and down Wall Street and sending the Dow Jones Industrial Average down more than 1,000 points. At issue: Economic growth remains strong and inflation stubbornly high. Inflation fears are a key reason 10-year Treasury yields spiked, despite the cut to short-term rates.


The prospect of continued inflation could provide a tailwind for both gold and Bitcoin—although the situation is more complicated than these assets’ vocal boosters would have you believe. Both Bitcoin and gold get their reputations as inflation hedges from their limited supply, which isn’t directly controlled by policymakers of any government: Gold because it must be dug out of the ground, and Bitcoin because of its elaborate digital mining process and the fact that total supply of minable Bitcoin is fixed.


“All roads lead to inflation…I am long gold, I am long Bitcoin,” legendary investor Paul Tudor Jones told CNBC in an October clip that is still frequently shared by Bitcoin fans.


While the inflation hedge arguments are appealingly intuitive, reality doesn’t always match the theory. On Wednesday, as inflation fears were sending long-term interest rates upward, both Bitcoin and gold tumbled.


Bitcoin, which traded at nearly $105,000 before the Fed’s Wednesday rate announcement, fell sharply in its wake. It’s currently around $98,000, according to CoinDesk. Gold closed down 0.3% Wednesday, and was down another 1.5% Thursday, according to Dow Jones Market Data.


The assets’ longer-term records are spotty, too. Both have rallied this year, hitting record highs. But in both cases, those big run-ups began long after inflation, which peaked in June 2022, had started coming down. Gold’s return for 2022 was negative 0.4%. Bitcoin fell by a staggering 64%.

more here

 

Countryboy

Well-known member
Veteran
View attachment 19118371
The selloff continued today, and now the SC's are at near term support. I have no idea what will happen next, but I do understand that it is decision making time for the Big Boyz. I have zero dinero in the markets (other than money markets), and have been entirely liquidated since January. The next overall hairrcut will likely be at a minimum of 20%, but it would not surprise me to see a 40% hairrcut, or more. Not looking to get in too soon. Sidelines look like a safe bet.
I flipped a CD from 5.66% to 4.75 and consider myself lucky. I'll be putting another in a savings account at 5%. My 'portfolio' hasn't liked the sell-off.
 

cola

Well-known member
Just looking at the chart and it seems fairly flat over that timeline despite the fluctuations?
I avoid that kind of invest mainly because I think its rigged.
I posted the daily Small Cap chart to show the near term action because that Index is a good LEADING indicator of the overall market historically. Since early January, 2020, SC's have more than doubled in 5 years time. From below 1000 to above 2200 points - see below chart. The SC index itself is an amalgamation of 2000 small capitalization companies, which is what the underlying chart represents, so by sheer volume of companies they would not at all be very easily manipulated. The SC Futures, however, are another matter. And no individual investor in their right mind would consider holding futures contracts for that length of time, given contract rollovers, and expirations. I'm sure major funds & hedge funds do successive rollovers to the next contract, but little guys like joe retail would never consider doing so, typically.

1734666541177.png
 
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dogzter

Drapetomaniac
I posted the daily Small Cap chart to show the near term action because that Index is a good LEADING indicator of the overall market historically. Since early January, 2020, SC's have more than doubled in 5 years time. From below 1000 to above 2200 points - see below chart. The SC index itself is an amalgamation of 2000 small capitalization companies, which is what the underlying chart represents, so by sheer volume of companies they would not at all be very easily manipulated. The SC Futures, however, are another matter. And no individual investor in their right mind would consider holding a futures contract for that length of time, given contract rollover, and expirations. I'm sure major funds & hedge funds do successive rollovers to the next contract, but little guys like joe retail would never consider doing so, typically.

View attachment 19118411
Does that go up due to covid spending in 2020 that confuses me?
Sorry probably a stupid question.
 

dogzter

Drapetomaniac
IMG_20241219_203453.jpg

My buddy who gave me the big dogs is also the local meat man.
He uses my wet wheels on his knives,does it himself which is rare usually it's on me.
Nice rib roast which I cut into some steaks and a rack of ribs.
He comes by at least once a month for a qp.
I won't charge him anything cuz of the dogs so I get a lot of meat.
🇺🇸
Bubba in a ball vape is a heady ride.
 

cola

Well-known member
Does that go up due to covid spending in 2020 that confuses me?
Sorry probably a stupid question.

They went down because of no walk-in business, just the same as all business, small, medium, large. And, yes, they qualified for "loans" like others who were in need post Covid. Which of course helped them survive. They are far more interest rate sensitive, however, than the Mid Cap or Large Cap Indexes. So the Fed's recent "pivot" regarding further rate cuts effects them more, given they are small businesses, most of which have loans, that must be routinely and regularly renewed, Thus the reason they are a leading indicator regarding the overall health of the economy, and likewise of the broader markets too, per se.The chart below shows that the RUT (Small Cap 2000) index has gained 1,226.74% since its inception, as of today's market close. That was pre-1990, so a healthy stretch. Not too shabby.


1734672495149.png
 

cola

Well-known member
Bitcoin Vs. Gold: Which Will Beat Inflation?

S uddenly inflation worries are on the table again. That’s a bullish sign for putative inflation hedges like gold and Bitcoin—although worried investors shouldn’t overlook a simpler solution: stocks.


While the Federal Reserve lowered the benchmark federal-funds rate for the third time this year on Wednesday, policymakers walked back rate-cut expectations for 2025, triggering worries up and down Wall Street and sending the Dow Jones Industrial Average down more than 1,000 points. At issue: Economic growth remains strong and inflation stubbornly high. Inflation fears are a key reason 10-year Treasury yields spiked, despite the cut to short-term rates.


The prospect of continued inflation could provide a tailwind for both gold and Bitcoin—although the situation is more complicated than these assets’ vocal boosters would have you believe. Both Bitcoin and gold get their reputations as inflation hedges from their limited supply, which isn’t directly controlled by policymakers of any government: Gold because it must be dug out of the ground, and Bitcoin because of its elaborate digital mining process and the fact that total supply of minable Bitcoin is fixed.


“All roads lead to inflation…I am long gold, I am long Bitcoin,” legendary investor Paul Tudor Jones told CNBC in an October clip that is still frequently shared by Bitcoin fans.


While the inflation hedge arguments are appealingly intuitive, reality doesn’t always match the theory. On Wednesday, as inflation fears were sending long-term interest rates upward, both Bitcoin and gold tumbled.


Bitcoin, which traded at nearly $105,000 before the Fed’s Wednesday rate announcement, fell sharply in its wake. It’s currently around $98,000, according to CoinDesk. Gold closed down 0.3% Wednesday, and was down another 1.5% Thursday, according to Dow Jones Market Data.


The assets’ longer-term records are spotty, too. Both have rallied this year, hitting record highs. But in both cases, those big run-ups began long after inflation, which peaked in June 2022, had started coming down. Gold’s return for 2022 was negative 0.4%. Bitcoin fell by a staggering 64%.

more here



A ponzi scheme gone bad with the "Hawk Tush" Girl Crypto scam. I wonder what regulations, if any, are in place so that a new crypto memecoin is safeguarded in some way. That may be an oxymoron statement, since there likely is no way to ensure safety if whales start selling hand over fist. Would hate to see my friends security and life savings go up in smoke based on the trust that a "greater fool" or risk taker will come along and buy their coin, when they're ready to sell.
 
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