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Baddog posted:
Having worked in the IT industry and seen how that sector is treated? I suspect this is the case in far more companies than we realize. When I first started in that industry IT was considered an important part of any companies operations. By the time I left that thinking had shifted and most companies considered IT to be an unfortunate cost center to be cut back as far as possible. A lot of companies went overboard with this and are now running outdated equipment configured by underqualified employees and monitored by automated process setup by those same underqualified employees. Back in 2010 when I was working as a contractor at the end of the long process of burning out it seemed like every third wiring closet I opened was a disaster waiting to happen. I cant imagine things look much better now. I expect well see more and more stories like this one as time goes by.
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Apr 18, 2023 22:49
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Hadlock posted:Sounds like they're at least 10 years behind on deferred maintenance of their mission critical computer systems, I don't know how you get out of that death spiral but sure seems like those things will get worse from this point before they get better Their practice has been to pay FAA fines instead of making repairs or fixes to their processes, if that's any help. Airline travel is general is a little scary considering the corners that are cut and where pilots are coming from compared to 20-30 years ago.
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Apr 18, 2023 22:56
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The last time I tried to book a flight, Southwest’s best options had, at min, 6 hours of layovers and cost $250 more than everyone else. Outbound flights at 7am, 9am, and noon were all slotted to get to DC on the same flight. Garbage service.
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Apr 18, 2023 23:51
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Democratic Pirate posted:The last time I tried to book a flight, Southwest’s best options had, at min, 6 hours of layovers and cost $250 more than everyone else. Outbound flights at 7am, 9am, and noon were all slotted to get to DC on the same flight. Garbage service.
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Apr 19, 2023 11:52
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took the W on $C and $IBKR. swing trades that worked out very well.
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Apr 19, 2023 18:45
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For those of you not content losing money trading wheat last year, rice is now on the table to lose money on as well https://www.cnbc.com/2023/04/19/global-rice-shortage-is-set-to-be-the-largest-in-20-years-heres-why.html
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Apr 20, 2023 02:00
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Hadlock posted:For those of you not content losing money trading wheat last year, rice is now on the table to lose money on as well Fret not, you can always buy some rice on futures delivery! https://www.cmegroup.com/content/dam/cmegroup/rulebook/CBOT/II/17/17.pdf CBOE posted:17102.B. Trading Unit
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Apr 20, 2023 03:07
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notwithoutmyanus posted:Fret not, you can always buy some rice on futures delivery! https://www.cmegroup.com/content/dam/cmegroup/rulebook/CBOT/II/17/17.pdf  I'm gonna need a few more rice cookers.
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Apr 20, 2023 03:11
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What's left of GE is going to split into aviation and power in early '24 Anybody want to hazard a guess on how that will play out
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Apr 20, 2023 04:55
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ist fucked around with this message at 01:35 on May 19, 2023 |
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Apr 20, 2023 18:39
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ist posted:I can buy June 2024 410/400 debit spread for $3.20. This will result in a ~200% return if SPY drops to 400 at any time between now and expiration. No, it nets you your negative delta in return and should eventually increase your theta. You will only get your max gain near 0 dte or extremely far itm, not only if it drops to 400 between now and June. It's going to be hard to cash in a large win quickly, it'll be like being short 15 shares for a long while. And all that time that you're waiting for theta to come off or burn away is time for spy to turn against you.
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Apr 20, 2023 18:44
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ist fucked around with this message at 01:36 on May 19, 2023 |
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Apr 20, 2023 18:52
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Hadlock posted:What's left of GE is going to split into aviation and power in early '24 Poorly, I hope. I hate GE products and their customer support is loving terrible.
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Apr 20, 2023 18:55
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Skunkduster posted:Poorly, I hope. I hate GE products and their customer support is loving terrible. Hopefully power should still do well considering a very large percentage of power in this country is generated by GE turbines. Or maybe they'll merge with another Japanese sex toy company like their nuclear division did.
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Apr 20, 2023 18:59
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Jows posted:Hopefully power should still do well considering a very large percentage of power in this country is generated by GE turbines. The batteries on those things have a 6 year service life, so you really get your money's worth
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Apr 20, 2023 19:07
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Jows posted:
Wait, what?
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Apr 20, 2023 19:13
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Baddog posted:Wait, what? https://en.wikipedia.org/wiki/GE_Hitachi_Nuclear_Energy https://en.m.wikipedia.org/wiki/Hitachi_Magic_Wand
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Apr 20, 2023 19:24
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Skunkduster posted:Poorly, I hope. I hate GE products and their customer support is loving terrible. ge consumer products are made by some random company that bought the naming rights Jows posted:Hopefully power should still do well considering a very large percentage of power in this country is generated by GE turbines. They spun off their turbine business in the last three years, pun intended
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Apr 20, 2023 19:28
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Jows posted:https://en.wikipedia.org/wiki/GE_Hitachi_Nuclear_Energy Hah! Yah, those japanese conglomerates give no shits about "protecting their brand". Slap that name on everything.
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Apr 20, 2023 20:04
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You’d think even they would think twice before being associated with GE though
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Apr 20, 2023 20:14
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I'd trust hitachi with a great many things before delegating engineering to GE
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Apr 20, 2023 20:16
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Baddog posted:Hah! Yah, those japanese conglomerates give no shits about "protecting their brand". Slap that name on everything. Hitachi absolutely does care and was going to just end production of the magic wand because of the implications. I had read that some US importer convinced them to continue making it and just entirely remove any references to Hitachi on the product and packaging.
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Apr 21, 2023 07:20
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MetaJew posted:Hitachi absolutely does care and was going to just end production of the magic wand because of the implications. I think it was around time that they bought Metabo and wanted to start getting their consumer and professional grade power tools into big stores. Probably a bit embarrassing that their most popular tool was a vibrator
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Apr 21, 2023 13:26
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decent read from Bill Gross (of PIMCO fame) https://williamhgross.com/wall-st-playbill/ from the end quote:Investors should therefore invest with expectations for 3%-plus annual CPI gains. They should own TIPS versus nominal Treasuries. Own them in smaller size via ETFs such as STIP and VTIP. They should include commodities in a portion of their diversified portfolios. he has a twitter too where sometimes he talks specific trades. seems chill for a famous rich guy
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Apr 21, 2023 23:54
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That article has strong old man yells at cloud energy. Also some real weird takes like > When yields get to 0%, [the Fed] buys bonds at superficial prices in order to fund the Treasury, and generate profits for their owners (the banks) How exactly did they make money on these "0%" yielding bonds? Answer: 0% actually means like 2% but as an 80s guy thats basically zero > [My money market] yielded .01% for six years until 2022. On a $100,000 investment I earned $10 per year. Not sure where he found a money market that paid 0.01% from 2016-2022, including the period of time when the fed funds rate was above 2%. I suspect he's also exaggerating here, but it makes it hard to take him seriously. The dude has been an investment manager for half a century, if he made 0.01% for 6 years it was a choice, not because there was literally no better options available to him. > [rant about ending the gold standard] lol
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Apr 22, 2023 01:07
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MetaJew posted:Hitachi absolutely does care and was going to just end production of the magic wand because of the implications. Hitachi sold the magic wand to one of their family companies. Hitachi still does the warranty work on them.
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Apr 22, 2023 02:36
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pmchem posted:decent read from Bill Gross (of PIMCO fame) He blasted the Gilligan's Island theme song on his outdoor sound system overnight for like 2 years because he didn't get along with his neighbors.
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Apr 22, 2023 03:29
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That may or may not be a good thing. Depends on who the neighbors were.
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Apr 22, 2023 06:56
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DapperDraculaDeer posted:That may or may not be a good thing. Depends on who the neighbors were. lol quote:
https://news.artnet.com/art-world/bill-gross-wins-dispute-dale-chihuly-2126980
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Apr 22, 2023 13:02
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Just doesn't look that bad at all. https://nypost.com/2021/10/15/the-petty-rich-people-feud-ruining-laguna-beach/ quote:In 2019, he famously revealed he has Asperger syndrome — a high-functioning form of autism marked by social awkwardness and a tendency to fixate on particular subjects Makes sense.
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Apr 22, 2023 17:41
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I saw the name "Mark Towfiq" and was impressed my former coworker was living it up, turns out it's a more common name than I thought.
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Apr 22, 2023 17:42
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Baddog posted:Just doesn't look that bad at all. $1,000,000 for *that*? Jesus christ these loving people.
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Apr 22, 2023 20:22
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DapperDraculaDeer posted:$1,000,000 for *that*? Jesus christ these loving people. being a billionaire is prima facie evidence of brain damage because at some point in your life you had $100 million and decided to keep showing up for work anyway
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Apr 22, 2023 20:30
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shame on an IGA posted:being a billionaire is prima facie evidence of brain damage because at some point in your life you had $100 million and decided to keep showing up for work anyway If you've got that much and you aren't some insanely overpaid CEO, its investments. And investments kinda snowball if you aren't a complete dumbass about them. At that point you don't even have to really pay attention, although Bill obviously still is. You can just hire a couple really smart kids for a couple hundred thousand a year to manage them.
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Apr 22, 2023 20:46
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DapperDraculaDeer posted:$1,000,000 for *that*? Jesus christ these loving people. They're a lot more impressive in person. If you happen to go to Seattle at all, check out the Chihuly Gardens. Well worth it.
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Apr 22, 2023 21:44
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There’s one In Indianapolis you can sit on a circle couch that spins around and stare up at it. Also lol at a billionaire that has close neighbors, just buy up all the houses. If you have to buy the city council and have them emanate domain them.
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Apr 22, 2023 22:34
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https://abcnews.go.com/US/bed-bath-files-chapter-11-bankruptcy/story?id=98784126 RIP
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Apr 23, 2023 12:56
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hell yes x 1000000
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Apr 23, 2023 13:10
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Cathie and the ARK crew are back with their always insane TSLA forecasts: https://ark-invest.com/articles/valuation-models/arks-tesla-price-target-2027/ From todays price of $165, their price target 2027 is... $2000, a CAGR of 70%. The bear case is $1400! The whole thing is worth a read for a laugh, but here is their main table of very realistic expectations 
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Apr 23, 2023 16:56
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drk posted:Cathie and the ARK crew are back with their always insane TSLA forecasts: https://ark-invest.com/articles/valuation-models/arks-tesla-price-target-2027/ Tell me you don’t really know how to set up a Monte Carlo without actually saying it. This reminds me of models that said the default rate on mortgages maxed out at like 3%
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Apr 23, 2023 17:27
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