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Mark Davis

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Everything posted by Mark Davis

  1. Do you not find it odd that even though the article specifically mentions Texas, and that it benefits, that Texas is doing all it can to stop the flow and ship illegal immigrants to other locales? If your take is that Gov. Abbott is mistaken about it, then are blue politicians such as Mayor Adams in NY, etc also mistaken? It seems wherever volumes of these folks are shipped, economic hardships follow. Let me be clear, there are good and bad people in every group, but if by in large this subset of folks were an economic benefit, why are these cities and localities struggling so badly? I still think it's pretty easy to find jobs out there for unskilled labor. We can agree there is some need for some of that, however while some of them are indeed filling those jobs, we seem to have large volumes draining resources without offset as well. I know we simply aren't going to agree here. But I find it interesting when the rubber is forced to meet the road in some of these sanctuary cities, suddenly this theoretic economic benefit dissipates like a fart in the wind and they become overwhelmed not only from an infrastructure standpoint but a fiscal one as well.
  2. Mark Davis

    What's with the "boyo" thing?

    I didn’t get it either. It’s like I missed out on the secret handshake or something.
  3. Mark Davis

    Timmy’s thread for general discussion

    Oregon should thank Bryan Harsin for Bo Nix. He single handedly ran him off from Auburn. Now Knight sure stepped up once he was on the market. Bo's dad is a big time coach in Alabama HS football and was at AU while I was there. Still see them both around in Auburn, Bo was at one of the home basketball games this year.
  4. Mark Davis

    Ronna McDaniel Won't Work at NBC

    It's part of the demographic political realignment. The old neocon R's like Nicole Wallace/Liz Cheney are now darlings to the left and carry the water for D's. Those Republicans who got us into Iraq are suddenly quite popular on MSNBC and the like.
  5. Mark Davis

    Timmy’s thread for general discussion

    Gamestop was a company in financial distress. As much as some may not like it, I have to be honest and admit it was brilliant that a group got together and figured out so many shares were shorted and the stock was so cheap that they could buy up all the available shares and create an incredible short squeeze. As the shorts' losses mounted, there were simply no shares for them to purchase to cover their shorts and stop the bleeding. That's why it's always important to remember that shorts have limited gains and unlimited losses. To stay short on a company already in the toilet is a very low reward and extremely high risk proposition. So many hedge funds were short Gamestop and they were just going to ride it to zero. Rather than take their profits, they left themselves exposed and someone figured out a way to capitalize on their mistake.
  6. Mark Davis

    Timmy’s thread for general discussion

    A couple of thoughts. I don't think him promoting it is a problem at all. Many people with large stakes in companies do the same. The only crime would be if he had inside knowledge of fraudulent financials and misled the public. I don't think there's anything to lead us to believe that. I don't think the numbers support the valuation today so I don't think that financial reporting is behind this value. If Trump supporters are buying it as a way to indirectly help him create wealth, I don't think that's a crime. In fact, as long as it's heading north, it's creating wealth for them too and they can sell it for a profit today. Those gains be it Trump or individual shareholders would be subject to cap gains treatment and taxation. Even if you and I, and most of the investing community believe this is overvalued, a short squeeze can be created if there aren't enough shares out there to satisfy demand. It's a self fulfilling prophecy in that regard until those people decide to sell off their shares. It will be interesting to see the short float on this once those numbers are available.
  7. Mark Davis

    Timmy’s thread for general discussion

    It's simply trading a stock. If you feel strongly it's not worth that (I'd agree), you can short it and make money. One caveat, you have to have the financial wherewithal to withstand and hold that short position if you get squeezed like a Gamestop or you end up being wrong. There's nothing Ponzi about it, overexuberance I believe. But my motto is never put myself into a short position with this much of a spotlight on it. This thing is ripe for a group to bid it up and continue to do so and put you in some dire straits financially. It doesn't mean they will, but when you short a stock you have a finite profit and a limitless loss. The risk/reward is all wrong on this one for me to be on either side.
  8. Mark Davis

    Moscow terrorist attack

    Not sure about the hot issues of today, but Russia has long had issues with Muslims in Chechnya.
  9. Mark Davis

    Timmy’s thread for general discussion

    I agree, tough job. She's not exactly politically savvy, but the operatives around her are. She has the old Shelby political establishment behind her. She was in bad trouble in the primary for that seat. So much so that the frontrunner, Mike Durant from Black Hawk Down, wouldn't take debates with her and Mo Brooks. Suddenly the attack ads started and sank Mike Durant. The ads could be completely valid, but it was pretty apparent that the Shelby machine wasn't going to let Durant win. It went from a hands off approach to avoid Mo Brooks, where they thought they wanted Durant in the runoff to suddenly realizing if they didn't smear him that she might not even make the runoff. Trump had originally backed Mo Brooks but later pulled his endorsement as Brooks struggled once they got heads up as well and the avalanche of attack ads came cascading down on him. Mo Brooks tried to run as "MAGA Mo Brooks" yet Donald Trump pulled his endorsement. At that point it was over.
  10. Well at least we can trust Vox to call balls and strikes right down the middle
  11. Mark Davis

    Illegal Aliens & the Schocheting of America

    President al-Sisi realizes there will be some bad hombres in those that would flow in without the wall.
  12. On the bright side, Alabama does have an age limit for judge positions. Parker is 72 and therefore can't run for re-election in November.
  13. Mark Davis

    Student Loan “forgiveness”

    These are the type things that motivate me, it's disgusting. Rewarding those who won't do for themselves is the opposite of what we should be encouraging as a society. I feel for everyone who has worked diligently to repay their loans and chose their schools with the ability to do that in mind.
  14. Mark Davis

    Timmy’s thread for general discussion

    You say he took it to the extreme, perhaps he did. That's why the banks do due diligence so they can make their own determinations. I've audited banks earlier in my career, have a real estate license, rental properties, the whole nine yards so I'm pretty educated on what they do. It's hard to believe no other developer in the entire state of NY did similar things, and if they did, where are the other charges? I find it impossible to believe it's only Trump. And if so, I'd like to know how his specific case came to light without a victim's complaint. It begs the question, why did they look at Trump's transactions, likely Trump's alone? To me that stinks of political persecution more than anything. It's also pretty odd to prosecute someone where there isn't a victim nor damages. The supposed victim in this case would have to be the banks themselves, none of which claim any damage from it and in fact want to continue to do business with him. Either way, it's a significant departure from norms. The belief it's not at all politically motivated given the uniqueness of this doesn't hold water. Again I'd ask, where are the other similar cases?
  15. It's part of the victimhood game. Somehow the deflection starts and somehow this becomes a narrative about racism from whites when it has nothing at all to do with this story.
  16. Mark Davis

    Trump INDICTED

    Martha used to be my favorite CNBC stock girl back in the day. The dirty things I'd do to her while she told me about making money. Hard to believe she's 60!
  17. Mark Davis

    Trump INDICTED

    I don't think I've ever heard the term "specific intercourse"
  18. Mark Davis

    Gonna have to put my dog down

    So sorry man. Went through this a couple years ago when our dog got to where he couldn't get up over a weekend. He was 12 1/2 or so at the time. One of the hardest things I had to witness wasn't the being with him at the end but having to watch my two daughters basically say goodbye to him on a Monday morning before they had to leave for school. My youngest was 7 and she always is an optimist and just knew the vet was going to find a way to make him walk again when I took him in that morning. She got off the bus and had to tell her no he wasn't home and she just loses it. My other one stopped and looked back at him one last time before walking out. You will know when it's time, hoping the meds work and buy you some more days or months. But you'll know in your heart when it's time.
  19. Mark Davis

    I find it hard to not see trans as mental illness...

    What a loser. Not just mentally ill, but mentally weak to need to try and compete against biological females to feel good about himself.
  20. Mark Davis

    Plans for Lent?

    Man you guys should be Baptist. We get to pretty much do anything and be the chosen ones by just believing.
  21. Mark Davis

    House votes to impeach DHS Secretary Mayorkas over border crisis

    We already knew this during the Trump impeachment. This is our new normal.
  22. Mark Davis

    Democrat cruising to victory in George Santos’ district

    Genocide! lol
  23. Mark Davis

    Democrat cruising to victory in George Santos’ district

    Good chance both the House and Senate flip, so we end up with one to each side, just the opposite chamber as this cycle.
  24. I'd say that you could make the same argument with most any program in our budget. You or I may personally disagree on any one program, but they all have people who would talk about how absolutely necessary they are. When it comes to Israel, Taiwan, Ukraine, it's probably as close as we would be on agreement. I'd actually like us to find a way to support Israel, Ukraine, and Taiwan. I'd just like us to honestly find a way to pay for it. I personally am opposed though to doing more Gaza funding because we have no control over those funds and I believe a large majority of it is commandeered by Hamas. I don't like that part of this bill. We can argue the roughly $10B that goes into that and how relevant it is in relation to our deficit. However, I think of things in these terms. If we have roughly 330 million people today in the U.S., that's $30 for every man, woman, and child. My family of 4 is essentially borrowing another $120 for that line item. The $90B bill itself is about $273 for every man, woman, and child. For a family of 4, it's over $1000. Again, maybe worth it, but it's real money and not exactly insignificant. All these programs and spending bills add up.
  25. I actually tend to agree that these are important, very important things. It is true, especially in my view in the case of China/Taiwan that if we don't support them now it may cost us more later. However, we do have to come to grips with the fact we can't afford to keep paying for this and all the programs we run today. We can point fingers at both sides for spending money we don't have, but it's foolish to keep ignoring inflation and to think it's only Covid related. Our time to pay the piper is coming. While I don't agree with all of the rationale of some of the no votes, I do agree that we need to secure our border and that is a first step. I'm all for helping Israel, and yes Ukraine. But we should find the money from another program. And the question is always, which one? But there has to be an answer because we can't keep printing money, spending more than we take in, and expecting inflation to remain in check. They are painful choices, but any of them are preferable to taking the path we are on, which is to spend until we can no longer sell our debt or inflation grows even steeper. That's why eventually, regardless of what politicians tell us, entitlements of all kinds are going to have to be reformed. I have lost hope that it will be by choice and to head it off in as painless of a way as possible, but rather when we are given no choice. The population itself is too addicted to the government and not wanting to give up their share of what they are getting. Nobody can win office by running against these things. It's too easy to tell everyone we can have full Social Security benefits, pay for social safety nets, healthcare, all of these things that are simply no longer long term realities.
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