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Everything posted by Jorma

  1. I'm thinking AI using data on every millisecond will pretty much be able to keep the averages rising forever.
  2. Nothing to worry about. All the plates are up and spinning.
  3. It's looking like it might be really big shew.
  4. You don't see that too often. On my feed anyway. A gap on the ES 1 minute chart between 8:29 an 8:30. 4 points or so. Probably an error.
  5. Michael Jordan card sells for $2.928 million at auction. "Words can simply not express the historical significance and the importance of this card,"
  6. At what time are Treasury auctions trades executed? Ideally rates rise into auction and fall after. If your a dealer that is and it often works that way but I have no scorecard.
  7. Well some problem is needed so the Fed can start printing, expanding its balance sheet, again. The world is begging for more money. It will get it sooner or later. Make that sooner. The Feds balance sheet is a polite fiction. Believing in balance sheets is so yesterday. So Enlightenment. That's over.
  8. My My first two lessons in spy school. Trust no one. Assume nothing.
  9. It was plastered all over the Wall Street Journal a few days ago that Trump intends to alter the Fed so Jerry and the boys and the entire world are on notice. https://www.msn.com/en-us/money/markets/trumps-team-wants-to-restructure-the-fed-and-let-him-have-a-say-on-interest-rate-decisions-wsj/ar-AA1nIURc
  10. "What's My Line, with John Daly, Bennet Cerf, Arlene Francis, Steve Allen and Kitty Kilgallen " That was Kitty Carlisle but she was on To Tell the Truth. It was Dorothy Kilgallen who was on What's My Line. Tomorrow we can cover Gisele MacKenzie and Anna Maria Alberghetti. Unless you want to delve into Kilgallen's odd link in Kennedy assassination theories.
  11. "with collections that day more than double the norm for the date. The source of this is unknown. Its quantum liquidity I tell you. Good old fashioned Newtonian liquidity just isn't going to cut it anymore.
  12. It's a bit late but you might want to revisit the numbers of your first post today.
  13. Remember what they say. The market has an oil roof.
  14. With around $800 billion in the Treasury account as of last Wednesday why they borrowed anything this week escapes me. Force of habit?
  15. This isn't the market rounding the bases after a grand slam. It's David Bote rounding the bases after hitting a grand slam with 2 outs and 2 strikes in the bottom of the ninth his team behind 3 to nothing.
  16. We're supposed to believe that we are on the cusp of quantum liquidity. Place your bets.
  17. BOJ makes first rate hike in 17 years. https://www.reuters.com/markets/asia/japan-poised-end-negative-rates-closing-era-radical-policy-2024-03-18/
  18. I figure once they get this AI figured out the market will go up every day. Mars, here we come.
  19. This AI, or to be more accurate AGI and ASI madness if it continues, is going to need a lot of compute. Compute is the current term used in AI circles to mean the computers to develop and then perform the AI. A lot of compute. A lot of money to be borrowed and I would operate on the assumption that every bank in the US today has a green light to lend for AI. Like every bank has lent to oil drillers for 25 years. Oh sure, there have been dozens of billions of defaults. So what? It isn't even a flesh wound. Billions, trillions, whatever. The US with it's continuing record output has totally rewritten the global supply demand balance.
  20. The worlds richest people and corporations are in the thrall of visions of being like gods. At the vanguard of a million years of evolution, ready to take on the solar system and then beyond. For all humanity, and all fate to boot of course. If not gods at least kings. How wonderful. For some reason unlimited energy is always baked into these things but never mind that. More energy isn't on the way despite the hype but in the meantime more money will be and a lot will be needed to build out our robot overlords and Mars colonies. I mean a lot of money. That's why crypto is so hot. People want more money and there isn't a way for the banking system with all that old 15th century double entry bookkeeping can supply it. Crypto is a zany way to do it but people are desperate for more money. How about Amazon or Tesla bucks? The sky is the limit on this money thing. Visions of galactic scale liquidity suggest caution.
  21. If you don't know, the world is all bulled up by AI. That's because AGI is coming probably this year and when someone has that that then ASI will not be far behind. What's ASI you ask?
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