Stock Market/Investing/Day Trading/Speculative Trading Thread

[God is a Husker]

But your honor, my client would go broke spending capital instead of just stealing!

 

[BingoDingo]

But your honor, my client would go broke spending capital instead of just stealing!

I think it would just lead to consolidation if liability comes into play...you won't have many single use case models or plugin driven options that aren't facilitated by those consolidated models anymore...but would that change much? I mean, most of these AI companies are going to go under anyways...lol.

 

[God is a Husker]

I think it would just lead to consolidation if liability comes into play...you won't have many single use case models or plugin driven options that aren't facilitated by those consolidated models anymore...but would that change much? I mean, most of these AI companies are going to go under anyways...lol.

I agree, AI feels like the latest well publicized social media driven money hole.

example: the NFT craze was a ponzi scheme and almost all new Crypto is a pump and dump

 

[BingoDingo]

I agree, AI feels like the latest well publicized social media driven money hole.

example: the NFT craze was a ponzi scheme and almost all new Crypto is a pump and dump

I think most applications out there right now are effectively worthless and are simply just cool to play around with...but there are tons that are very effective application of LLM/AI.

I've been working the past 6 months on an healthcare insurance benefits answering pipeline at work (literally just ChatGPT model with our member/group insurance plan retrieval/integration) that started pilot last month...we are tracking a 16% reduction in call volume to our service centers for the pilot group MTD. That's where the bread and butter will be with LLM. AI applications such as auto-translation are also gonna be pretty massive...

 

[BingoDingo]

Oh hell yes...except wages

 

[LoudHogRider]

Oh hell yes...except wages

Hope these trends continue, but given the fuckery around "adjusted numbers from the previous month's report" associated with the jobs & unemployment data, I now view EVERY gov't provided statistic with a grade of slaw. Mark Twain summed it up: Lies, goddamn lies, and statistics.

 

[BingoDingo]

Hope these trends continue, but given the fuckery around "adjusted numbers from the previous month's report" associated with the jobs & unemployment data, I now view EVERY gov't provided statistic with a grade of slaw. Mark Twain summed it up: Lies, goddamn lies, and statistics.

Staaaahp it.

 

[BingoDingo]

Could you imagine...

 

[LoudHogRider]

Staaaahp it.

View attachment 29784

Your pesky charts are getting in the way of my narrative, Sir!

Seriously, I remember seeing this last month and went ... "that's a fairly substantial revision!"

Job growth slowed in October as the economy settled into a new normal

The unemployment rate increased to 3.9% in October. The US economy added 150,000 jobs in October, a lower pace than September's.

www.businessinsider.com

 

[Pepe Silvia]

Could you imagine...

that's not correct at all. first, the $1.6 billion is notional value, so his actual cost was something like $40-50 million. second, the filing date only shows that he opened or closed the position since the last quarterly filing.

he most likely opened that position in july (filing date was Aug 14) and closed it sometime before today. he had plenty of opportunity to close that at a substantial profit over the past month

 

[BingoDingo]

Your pesky charts are getting in the way of my narrative, Sir!

Seriously, I remember seeing this last month and went ... "that's a fairly substantial revision!"

View attachment 29786

Job growth slowed in October as the economy settled into a new normal

The unemployment rate increased to 3.9% in October. The US economy added 150,000 jobs in October, a lower pace than September's.

www.businessinsider.com

Structural changes to both consumption and the labor market during Covid did change seasonal adjustments...but these revisions aren't massive...those are 40-60k revisions. Here are the nonfarm revisions...nothing spectacular:



The exact same thing happened during Trump's term...where end of cycle dynamics changed consumption and labor behaviors and that pushed seasonal adjustments:



We always end up in the same place though.

It is worth noting that before the implementation of time series adjustments via SARIMAX - revisions used to look like this...OR, it is possible that George Bush was even more ruthless than we thought!:

 

[BingoDingo]

that's not correct at all. first, the $1.6 billion is notional value, so his actual cost was something like $40-50 million. second, the filing date only shows that he opened or closed the position since the last quarterly filing.

he most likely opened that position in july (filing date was Aug 14) and closed it sometime before today. he had plenty of opportunity to close that at a substantial profit over the past month

Well, that's not as fun...

 

[God is a Husker]

@Jim14510 the FDIC is now gonna be dying to hire attorneys and CPAs pronto

 

[Kaladin]

@Jim14510 the FDIC is now gonna be dying to hire attorneys and CPAs pronto

Any update on Big Mac index?

 

[Pepe Silvia]

@Jim14510 the FDIC is now gonna be dying to hire attorneys and CPAs pronto

having spent many years in banking, I can confirm that bank examiners are one of the lowest forms of life on earth

 

[Jim14510]

@Jim14510 the FDIC is now gonna be dying to hire attorneys and CPAs pronto

Sounds like a great work atmosphere to me. I have a female FDIC client. Going to have to ask her about this.

 

[God is a Husker]

Any update on Big Mac index?

Sounds like a great work atmosphere to me. I have a female FDIC client. Going to have to ask her about this.

My only contribution to a great work atmosphere is the new tradition I started of going to McDonalds after big hearing victories and eating it all on the long drive home.


So far I’ve only done this once but traditions have to start somewhere!

 

[BingoDingo]

Boi-oi-oing...

 

[herbsinator]

Boi-oi-oing...



View attachment 29800

We’re back baby LFG

 

[BingoDingo]

We’re back baby LFG