f7ben Posted October 29, 2020 Share Posted October 29, 2020 Let fair market fundamentals return .....let price discovery and proper asset valuation dictate price structure. Not a never ending Fed bid. I think you guys are gonna fucking cry when you see the tantrum the market throws if the Fed doesn’t go to negative rates or directly buying stocks. We aren’t getting a stimulus anytime soon 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 Also these fucking assholes need to quit manipulating the overnight markets through futures and the obvious wash sales between fed proxy trading desks needs to end Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 29, 2020 Share Posted October 29, 2020 43 minutes ago, f7ben said: Also these fucking assholes need to quit manipulating the overnight markets through futures and the obvious wash sales between fed proxy trading desks needs to end Interesting theory, not that I expect you to be able to offer evidence or expound on it. Wash sales are illegal and you can go to jail for it. Quote Link to comment Share on other sites More sharing options...
snopro31 Posted October 29, 2020 Share Posted October 29, 2020 From a guy that benefited off the stimulus Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 9 minutes ago, DriftBusta said: Interesting theory, not that I expect you to be able to offer evidence or expound on it. Wash sales are illegal and you can go to jail for it. That’s not actually true....wash sales between different trading desks at the same firm are now legal and have been since some semi recent legislation. Can’t remember if it was Dodd or what Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 2 minutes ago, snopro31 said: From a guy that benefited off the stimulus When they throw free money at the entire population everyone is bound to get some piece. About a half trillion went to poor people like me and about 6.5 trillion went to the rich. I would have been much happier with zero for anyone 1 Quote Link to comment Share on other sites More sharing options...
snopro31 Posted October 29, 2020 Share Posted October 29, 2020 2 minutes ago, f7ben said: When they throw free money at the entire population everyone is bound to get some piece. About a half trillion went to poor people like me and about 6.5 trillion went to the rich. I would have been much happier with zero for anyone Poor? You fuckin bought a boat with it Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 3 minutes ago, snopro31 said: Poor? You fuckin bought a boat with it I am very poor.....I will never make 100k again. That is legitimately and substantially poor 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 23 minutes ago, DriftBusta said: Interesting theory, not that I expect you to be able to offer evidence or expound on it. Wash sales are illegal and you can go to jail for it. For reference..... Transactions that originate from unrelated algorithms or separate and distinct trading strategies within the same firm would generally be considered bona fide transactions and would not be considered wash sales, even if the transactions did not result in a change of beneficial ownership, unless the transactions were undertaken for manipulative or other fraudulent purposes. Algorithms or trading strategies within the most discrete unit of an effective system of internal controls at a member firm are presumed to be related (e.g., within an aggregation unit, or individual trading desks within an aggregation unit separated by reasonable information barriers, as applicable). This Supplementary Material does not change members’ existing obligations under NASD Rule 3010 and FINRA Rule 2010. Quote Link to comment Share on other sites More sharing options...
racer254 Posted October 29, 2020 Share Posted October 29, 2020 Finally!!! Quote Link to comment Share on other sites More sharing options...
snopro31 Posted October 29, 2020 Share Posted October 29, 2020 22 minutes ago, f7ben said: I am very poor.....I will never make 100k again. That is legitimately and substantially poor so your not poor. your stupid Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 Just now, snopro31 said: so your not poor. your stupid Very poor Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 29, 2020 Share Posted October 29, 2020 (edited) 32 minutes ago, f7ben said: That’s not actually true....wash sales between different trading desks at the same firm are now legal and have been since some semi recent legislation. Can’t remember if it was Dodd or what 18 minutes ago, f7ben said: For reference..... Transactions that originate from unrelated algorithms or separate and distinct trading strategies within the same firm would generally be considered bona fide transactions and would not be considered wash sales, even if the transactions did not result in a change of beneficial ownership, unless the transactions were undertaken for manipulative or other fraudulent purposes. Algorithms or trading strategies within the most discrete unit of an effective system of internal controls at a member firm are presumed to be related (e.g., within an aggregation unit, or individual trading desks within an aggregation unit separated by reasonable information barriers, as applicable). This Supplementary Material does not change members’ existing obligations under NASD Rule 3010 and FINRA Rule 2010. OK like.....where are you getting your information from....like sometimes a little information is a dangerous thing. i"m sure Smales and AG will be along to correct me and put this all into proper context. Edited October 29, 2020 by DriftBusta Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted October 29, 2020 Gold Member Share Posted October 29, 2020 (edited) 2 minutes ago, f7ben said: Very poor Your poorness is a personal choice like most other poor people Edited October 29, 2020 by BOHICA Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 6 minutes ago, DriftBusta said: OK like.....where are you getting your information from....like sometimes a little information is a dangerous thing. i"m sure Smales and AG will be along to correct me and put this all into proper context. So you can’t see where these loopholes could be abused within fed proxies like SoftBank and Blackrock Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted October 29, 2020 Share Posted October 29, 2020 9 minutes ago, BOHICA said: Your poorness is a personal choice like most other poor people well living in indiana must be like living in hell so it wasn't a great choice 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 29, 2020 Share Posted October 29, 2020 26 minutes ago, f7ben said: So you can’t see where these loopholes could be abused within fed proxies like SoftBank and Blackrock No what I can see is I work for a 100 year old company that is one of the most button downed, scandal free companies in the industry, and your narrative is a non starter. Loopholes, abuse, etc., are what we avoid like the plague. Quote Link to comment Share on other sites More sharing options...
1jkw Posted October 29, 2020 Share Posted October 29, 2020 1 hour ago, f7ben said: When they throw free money at the entire population everyone is bound to get some piece. About a half trillion went to poor people like me and about 6.5 trillion went to the rich. I would have been much happier with zero for anyone I'm all for another stimulus, this time give the 6.5 trillion to the people that got the $1200 and the $1200 to the ones that got the 6.5 trillion. 2 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2020 Share Posted October 29, 2020 Yeah, he's poor, so he buys TWO FUKKIN BOATS THIS YEAR. Then he sends two motors out to MONTEFIORE to be modded. He's not poor, he's a fukkin nut. I told ya' for years now, he needs to be choked the fuck out. Not killed or nothin', just curb-stomped. It's the only solution for this kind of guy. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted October 29, 2020 Platinum Contributing Member Share Posted October 29, 2020 9 hours ago, f7ben said: When they throw free money at the entire population everyone is bound to get some piece. About a half trillion went to poor people like me and about 6.5 trillion went to the rich. I would have been much happier with zero for anyone this Quote Link to comment Share on other sites More sharing options...
jtssrx Posted October 29, 2020 Share Posted October 29, 2020 (edited) 9 hours ago, f7ben said: When they throw free money at the entire population everyone is bound to get some piece. About a half trillion went to poor people like me and about 6.5 trillion went to the rich. I would have been much happier with zero for anyone My wife and I got nothing not a penny I think everyone that was forced out of work because of the idiotic lockdowns should’ve been taken care of. Edited October 29, 2020 by jtssrx Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted October 29, 2020 Share Posted October 29, 2020 10 hours ago, f7ben said: I am very poor.....I will never make 100k again. That is legitimately and substantially poor well just hope you don't have to keep working 60 hours a week and travel in the country like a gypsy to do it Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 41 minutes ago, washedupmxer said: well just hope you don't have to keep working 60 hours a week and travel in the country like a gypsy to do it I have never worked more than 2380 hours in a year and I’ve only worked in 2 geographic locations in the last 17 years why do you need to constantly lie about individuals here? 2 Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted October 29, 2020 Share Posted October 29, 2020 17 minutes ago, f7ben said: I have never worked more than 2380 hours in a year and I’ve only worked in 2 geographic locations in the last 17 years why do you need to constantly lie about individuals here? Because you're dumb and bragged about how many hours you were working lol And then you went Minnesota to Indiana back to Minnesota so that's actually three Why do you need to lie so much? Quote Link to comment Share on other sites More sharing options...
f7ben Posted October 29, 2020 Author Share Posted October 29, 2020 4 minutes ago, washedupmxer said: Because you're dumb and bragged about how many hours you were working lol And then you went Minnesota to Indiana back to Minnesota so that's actually three Why do you need to lie so much? I have never bragged about how many hours I worked and Minnesota and Indiana is two. This is why you have the reputation you do online. Quote Link to comment Share on other sites More sharing options...
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