Boiler Room: The Official Stock Market Discussion

[ogc163]

Some of this is clear gouging. How bout start there?

The history and current state of Antitrust law shows that price gouging is difficult to prove and prosecute.

And the current legal framework/circumstances probably won't allow the FTC do much even in the best case scenario.

Thus, given those constraints, focusing on gouging would be a waste of time at this point...so what other solutions do folks propose?

 

[greenvale]

The history and current state of Antitrust law shows that price gouging is difficult to prove and prosecute.

And the current legal framework/circumstances probably won't allow the FTC do much even in the best case scenario.

Thus, given those constraints, focusing on gouging would be a waste of time at this point...so what other solutions do folks propose?

Even if that’s the case why not try or get creative? Sounds like you’re just advocating to do nothing.

Either way I’m not an elected official but they should attempt some shyt given they somehow figure out how to give themselves raises every year

 

[Rickdogg44]

eyeing CELH above 72
nfe above 49
aapl so far rejected neckline of 150 which is the resistance so far. Higher probability of bearish if it can't go above 150. Tested it once today, probably will test again

Jeez CELH was $40 a month ago

I drink the shyt out of those too lol

 

[ogc163]

Even if that’s the case why not try or get creative? Sounds like you’re just advocating to do nothing.

Either way I’m not an elected official but they should attempt some shyt given they somehow figure out how to give themselves raises every year

Focusing on price gouging isnt being creative its based in lazy economic thinking and a shallow attempt to fix the problem.

I'm not confident the FTC can or should do something about the inflation problem given the factors are complex and in many ways out of their scope at this point.

 

[Serious]

So gas costs $6/gallon, rents and home prices at all time highs, eggs cost $4-5/dozen, utility prices keep going up, cars are still behind demand making them cost way more than sticker price or KBB, daycare and college are more expensive, but instead of suppressing prices we’re supposed to suppress wages so people can’t afford any of this shyt?

Saw this yesterday:

 

[dora_da_destroyer]

How would you propose they suppress prices?

some things like education costs have gone up on GP - not due to increased operating costs, those are areas that can be capped. in CA - taking utilities public or stop allowing them to pass the costs of their fukkups on to customers (PG&E specifically), gas - remove these extra ass taxes on them - CA has a surplus, use that to fund the repairs to roads that don't seem to be happening with the gas taxes

 

[greenvale]

Focusing on price gouging isnt being creative its based in lazy economic thinking and a shallow attempt to fix the problem.

I'm not confident the FTC can or should do something about the inflation problem given the factors are complex and in many ways out of their scope at this point.

Seems likes we’re not going to agree here but I never said “focusing on price gouging is the solution”. It’s a place they could easily start at especially considering the main thing people are complaining about, gas, is being gouged. But I’m sure voters will understand that it’s a shallow attempt to fix the problem when they hit the polls

 

[dora_da_destroyer]

great news, your savings rate is increasing from .6% to .75%

ally can get all the way TF outta here

 

[ogc163]

Seems likes we’re not going to agree here but I never said “focusing on price gouging is the solution”. It’s a place they could easily start at especially considering the main thing people are complaining about, gas, is being gouged. But I’m sure voters will understand that it’s a shallow attempt to fix the problem when they hit the polls

Price controls being implemented is:

A) probably not easy given its bad history and lack of support from those advising Biden. And

B) not worth it from a practical economic or political perspective even it gains the administration some points with the average voter who is thinking with their gut instead of their head in regards to gas prices.

 

[BlaxOps]

You may have to watch it 10x, but interesting analysis/strategy.

More info: Trading the clearout

 

[El_Mero_Mero]

Not a financial advisor, but NEXCF is going on a little run over the last 2 days. Approach cautiously. It's an AR company.

 

[BlaxOps]

$CRM was a good trade this morning.

Crazy rug pull just now.

 

[Slim]

ally can get all the way TF outta here

Right? Meanwhile them student loan refi and mortgage rates going "to the moon".

 

[phcitywarrior]

To combat inflation, Powell wants to lower wages

“By moderating demand, we could see vacancies come down, and as a result—and they could come down fairly significantly and I think put supply and demand at least closer together than they are, and that that would give us a chance to have lower—to get inflation—to get wages down and then get inflation down without having to slow the economy and have a recession and have unemployment rise materially. So there’s a path to that,” he said.

U.S. Federal Reserve says its goal is ‘to get wages down’ | MR Online

U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.

mronline.org

Actin like the Fed wasn't the one that created this inflation we're seeing.

All of those "transitory" folks are eating crow now. Powell, Krugman, Yellen etc.

 

[Slim]

Looks like as soon as Dimon made these comments, stocks turned red.