easilyscan

The only thing Michael Moore is good at......

He sure did. I can't help myself. Anytime that meltdown comes up in conversation, I can't help but share the following, so those uninformed people, who think it was solely the fault of wall street & banks, hear the truth & know that while the banks were guilty, it wouldn't have been possible without the 2 government-sponsored enterprises known as Fannie and Freddie. Yes, banks all around the country approved subprime mortgages. Why would they do this ? Because they knew shortly after, they could hand them off to Fannie and Freddie. (Fannie and Freddie are government sponsored enterprises) A government-sponsored enterprise (GSE) is a private company that Congress created to help specific sectors of the US economy access credit. GSEs are quasi-governmental entities that are regulated and supported by the government. Problem is, they weren't regulated, at least not as closely as they should have been. This is covered in the link below. Even worse, they were publicly traded companies. In my humble opinion, no GSE should be publicly traded. I've posted the following link several times here at the forum. For anyone who really wants to know the truth about how and why we got to that point, I've never seen a better/more articulate/unbiased article, that's written in plain English. https://www.backwoodshome.com/the-meltdown-and-the-bailout-why-how-and-what-they-mean/

Before I go to sleep every night.

https://www.imagebam.com/view/MEZY57Z https://www.imagebam.com/view/MEZY580

You're right, It was a very good report. https://www.cnbc.com/2025/02/26/nvidia-nvda-earnings-report-q4-2025.html

3:00 - 3:14 is almost beyond belief. Who determines the definition of bad behavior by parents ? Hopefully not that guy. 3:26 - 3:41 is just as bad, or worse.

Cool.

Rest In Peace

https://babylonbee.com/news/walmart-introduces-mobility-crane-to-lift-shoppers-into-their-mobility-scooters

Nvidia is the last of the magnificent 7 to report. ETA about three minutes. https://www.marketwatch.com/investing/stock/nvda?mod=mw_quote_switch

As a lifelong Vikings fan, I'm supposed to hate anything to do with the Green Bay Packers. While it pains me to do so, I have to agree with them here. NFL football isn't rugby.

No worries. The total account value is a little over 1.7 million. That's because I have almost all my money @ Fidelity. A large taxable account started in 1993, 2 IRAs, a 401(k), a checking account & an HSA. The market averages have been doing very poorly since last Thursday, especially the NASDAQ and the S&P 500 which are both heavily weighted in tech stocks (AKA the magnificent 7) Sector rotation. Investors getting out of tech & into defensive stocks like food, utilities, etc. This has happened many times over the past 2 decades, but it's always short-lived. We'll see if this turns out the same way. At times like this, asset allocation can be comforting. I have direct exposure to 3 of the 4 magnificent 7 stocks, but I also have a diverse mix of other types of asset classes. When the markets flying high, my portfolio lags the indexes, on the other hand when we have bigly down days, my loss % is far less than a tech heavy portfolio. Crypto, & the related shares of micro strategy MSTR that I own, have been crushed recently. The markets, just like other areas, brings out truly delusional people. I bought stock in a regional bank approximately 7 years ago. That turned out to be a mistake as after 2 years it had gone nowhere, so I sold. When I sell a stock, I always keep it in a watchlist. Here's a recent comment on that particular stock. Malcolm 21 February, 2025 Red light ON for banks. Market's tanking faster than blank through a goose. Thanks MAGA for your economic REVERSE miracle. Can't wait for the real inflation from tariffs to kick in. I mean, we've only alienated the ENTIRE WORLD except for Saudi Arabia and Russia ... why? They produce NOTHING except oil and we already have plenty. Why is our strongest ally now the failing authoritarian nation state, Russia -- weird no? Trailing 12 month EPS for this bank beginning Q4 - 2021 $2.63 $2.47 $2.28 $2.18 $1.93 $1.78 $1.51 $1.25 $0.88 $0.78 $0.76 Flat -$0.30 Can you see the trend here ? Yet this guy blames it all on the 'current' president.

I guess they'll have to start a go fund me page or stop eating at Denny's Denny's is the latest nationwide restaurant chain to announce surcharges for meals that include eggs in response to a nationwide shortage that has sent U.S. prices skyward. In a statement, the breakfast giant said that individual markets and restaurants would be responsible for deciding the surcharge price. 2 hours ago

Wouldn't that be called the plowing space ?

An Investing/financial planning Cult https://www.bogleheads.org

I'm sure most of them have degrees in pottery, basket weaving, women's studies, etc. They'll be fine

And I thought I was the only one who despised those focking commercials!

Yet another embarrassment for the once great state of Minnesota.

https://babylonbee.com/news/trump-fired-after-forgetting-to-reply-to-elons-email

I've always believed in keeping your friends close and your enemies closer. For that reason, I sometimes tune in to MSNBC. It's quite entertaining. Anytime Maddow or Reid appear on screen, my TV goes into pixelation mode. Must be some type of advanced defense mechanism to protect viewers.

I remember that thread, and knew you were just messing with him. When I said "Nothing wrong with making predictions, but I definitely avoid it" I was referring to him stating that the Dow would be at 100 K by the time Trump was done.

It's from google AI. Seems like I heard a similar story from the 20s, but instead of a shoeshine guy, it was a taxi driver. Maybe that was JFK's father ?

Nothing wrong with making predictions, but I definitely avoid it. I went to Jackpot Junction Casino at least once a week from 1995 to 2000. One of the waitresses I knew really well, greeted me with this one day in late 1999. "which brokerage firm is the best, I'm going to invest everything in Internet stocks and retire in a year" “J. P. Morgan tells the story of how he would get his shoes shined every Wednesday at the same shop around the corner from his office. One day the shoe shine attendant asked him if he and his friends could buy some stock through Morgan’s brokerage. The three friends had about $40—a lot of money in 1929. Morgan politely refused, hurried back to his office, and ordered that his company was not to have a single share of stock on its books by the end of the day. Morgan simply asked, “If the shoe shine boys are buying stocks, who else is left?” Of course, the 1929 stock market crash was only a few days away, and Morgan looked like a genius. He was not a genius; he noted that the order flow was likely running out on the buy side. It wasn’t his army of analysts that showed him that. It was a public investor.”

Didn't know J Geils covered that song. Only knew this version by George Thorogood.

It's huge. I've consolidated almost all of my investments/money at Fidelity over the years. Makes my taxes so easy as all it takes is one click and it downloads everything into H&R Block tax software. On the other hand, I sometimes think I shouldn't have so many of my eggs in one basket.