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TexArcher

Certifiably Surly
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Everything posted by TexArcher

  1. Quick, someone loan me infinity money to bet on Florida....
  2. That last one was a textbook moving screen. Offensive foul.
  3. My favorite part is how when the market went up 3 or 4% right after the Inaguration, it was the "Trump Bump." Then when it started it's slower decline, the first roughly 8% off the high, that was the result of shit Joe Biden did last year. I eagerly await hearing whose fault the last few sessions are, but I know it's not really the tariffs, because Jesus put Trump in office to save us, so it must be something else.
  4. Fox News talking points circa 08/01/2025: -- It's our patriotic duty to pay more for groceries, clothes, and gasoline. -- This is the short-term cost of bringing good jobs from China back to America. -- The 9% unemployment rate is the result of Joe Biden's failed economic policy. It would be 15% if Kamala had won. -- Sure, the market is down 30% YTD, but Joe Biden stuttered. It would be down 40% if Kamala had won. -- Yes, we're leaving NATO, and it's about time we joined our Russian comrades in their fight against Ukraine, then Poland, then the rest of Europe. Those Europeans have been taking advantage of us ever since we single-handedly defeated the Nazis for them. Now they're going to pay us back by becoming colonies. -- Murka.
  5. A-fucking-men. We were given a very clear choice. A was a continuation of the previous four years, which were pretty damn good, especially considering that Biden was sworn in during a pandemic. B was outright fascism, isolationism, and xenophobia. Trump made no secret of his admiration for despots or his desire to become one. Yes, you did vote for this. You might be too stupid to understand it, but that doesn't exactly excuse you. Stay home next time.
  6. Wait, does this mean that the guy who had a hundred million dollars in seed capital from his dad and went bankrupt several times anyway might not be great with money after all? No shit? Well, I'll be damned. Who knew? I mean besides all the people who are smarter than you and tried to tell you for the last 9 fucking years. Who else could have seen this coming?
  7. Would be? Why is he talking as if it's a hypothetical?
  8. Yep. Fareed Zakaria called it an own goal. In 2000-2002, 2008, and 2020, we knew exactly why what was happening was happening. The first two were systemic issues and the third was a black swan from outside the markets. It sucked, but it all made sense. This is just the worst economic policy in the history of the civilized world, and a refusal to back away from it. Unless someone actually wants to break the global economy, which cannot be ruled out. So, this is either accidentally or intentionally tanking everything when it was in really good shape a month ago, and I'm honestly not sure which is worse.
  9. I'm a financial advisor. I've coached clients for years that there are four things you have to do: 1. Make sure your investments match your risk tolerance. 2. Make sure you're well-diversified. 3. Stay invested all the time. Market timing is a fool's errand in the 21st Century. 4. Keep feeding the piggy bank -- see Dollar Cost Averaging. I still believe all of that. And by that logic, you stay the course and console yourself about the losses with the knowledge that you're picking up more shares while they're on sale for the next few months. But this shit here is absolutely unprecedented. I wouldn't blame anybody if they wanted to move to cash and reevaluate in a month or two. Fun fact: When the VIX gets above 30, that tends to be very bad news for the stock market. It's jumped from 21 to 45 in the last few sessions. So, yeah, I'm not about to give financial advice on the internet. But anybody who tells you they know what's coming next week, in either direction, is 100% full of shit. Let your conscience and your risk tolerance be your guide.
  10. I think there's an even-money chance we'll hit the first one at 7%.
  11. Cooper Flagg is like Larry Bird and Caitlin Clark made a white hooping baby.
  12. Flagg is a beast, god damn.
  13. Houston did well to chip away and get it back down to 6. But it feels like they could lose the second half in pretty much the same way.
  14. Exactly. Plus the fact that an awful lot of Coog fans hate UT and root against us every chance they get. I lived there for many years. Plus, we recruit against them. I see no reason to want these guys to win anything.
  15. Definitely stay alive for the next decade, amigo.
  16. Yeah, I get that. But you also said, "minus the multiple championships," which Texas and Duke both have, so?
  17. This is confusing.
  18. So much this. Fuck these Dollar Store Aggy bitches up, Duke.
  19. Y'all are worried about the refs, but don't forget that it is written...
  20. Pretty damned good game here. Don't care who wins, but I'm locked in.
  21. Agreed, and thank you to consumer culture and all of the other shit that contributed as well. But that was an actual crisis, even if it should have been avoided. And it's understandable. Americans bought more home than they could afford, salesmen were greedy and helped people get loans they shouldn't have, banks let that happen, regulators looked the other way, CDO's and CMO's got all fucked up with lower credit tranches than they should have had, so investors were exposed to more risk than they thought, and everybody looked the other way because they were making money or otherwise getting what they wanted. None of that should have happened, but it all makes sense. It's just people being people. This is a crisis created out of thin air, entirely by one man. And it only makes sense if he actually wants to destroy the world economy, or if his narcissism has advanced to the level of a mental disorder that forces him to hurt people to prove his own superiority. And we're completely fucked either way.
  22. It's much simpler than that. 1. Have your hedge fund managers sell out of stocks. Take your profits from the last few years and generate a shitload of cash. 2. Have your hedge fund managers use all that cash to speculate on stock market declines and rising volatility, knowing that you're about to create both in a big way. 3. Profit on the way down while everybody else suffers. 4. When it levels out, eventually, buy a ton of shares at 20-30% reduced prices. 5. Profit some more on the way back up while everybody else slowly gets back to even. 6. Repeat, probably. This is what happens when a bunch of cons and grifters get control of of the biggest economy in the world. It becomes their own personal shell game.
  23. Fareed Zakaria just nailed it. This is the only time in recent memory that we've seen *all* of the markets (including commodities, etc.) lose their shit simultaneously like this other than the beginning of the pandemic and the '08 financial crisis. But in those cases, there was a real crisis. This is an own goal.
  24. Anyone who says, "I didn't vote for this" is admitting that they didn't pay any attention during the entire campaign.
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