100% equality. Of course myself & many, many others want equality for others. We all understand there are bigots & racists of all colors & all demographics. I also understand that there are bad cops & our justice & penal systems need major overhauls. Yet, I also think there are
systemic problems with Black American communities that are not being addressed that are the result of the citizens of those communities. Violent crimes committed by black men, single parent households, failure to make education a priority, drug use. These problems occur within
black communities at a much higher % then other communities. This isn't the result of slavery or caused by racism. These are issues that are caused by the citizens of these communities. I am not black & I don't know what it is to be black in America. Yet, I hardly see how finger
pointing, referring to slavery which was the result of policies centuries gone, civil rights violations now decades & generations old will solve any of these issues. I don't see how black men & women looting, burning & assaulting store owners is going to change the narrative.
The use of African-American to me is divisive. Why can't I just refer my fellow American as American unless you are truly from Africa? The divide this week is widening. I am saddened by this because we should all look at a person for who he is, his character, his contributions
never his color. Yet, I watch Americans who happen to be predominately black rail against the country I love with violent actions. The country which has fostered prosperity for many regardless of color. I see blacks more than fairly represented in entertainment, music, sports,
business & politics cheered as heroes & role models but I am not witnessing personal responsibility. I don't know what it is like to be segregated because civil rights don't allow it because brilliant, compassionate people of all nationalities stood for what is right. I didn't
grow up privileged but poor. I worked my way through school while raising a young family. Was denied employment in certain careers after I graduated from college due to affirmative action. Was this not discrimination? Made many dumb mistakes along the way. Yet, I have built a
life for myself. People still flock to this great country from all over the world because of the opportunity it affords them regardless of where they are born. Yet Black Americans claim there is no opportunity for them here. Where else in the world is there more opportunity?
I want to understand & be a part of the solution. Yet, I want a real path. Not aspersions cast about my character because I am white & I don't understand. It is time to put aside decades or centuries old grievances & ridiculous calls for reparation's from a generation whose
grandfathers, grandfather never owned a slave. Real solutions, a real path. #protests#protest2020
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Tesla the growth myth. I have seen a multitude of articles, tv pundits, YouTube millennials all gushing over what an incredible quarter Tesla just had by crushing expectations & delivering 139,300 cars while producing 145,036. The hype machine continues to roll on. $tsla $tslaq
Inside I want to chuckle as I realize how easily the masses are manipulated. Elon Musk knows this & his greatest gift is leading lemmings off a financial cliff. Hey give me your money & we will dream about Mars, Hyperloops, appreciating cars & money printing solar panels.
I don't truly desire to meet Elon Musk, I am not a celebrity chaser or glam hunter. Yet, if I did I would high five him (An air high five Corona-Bros) for being the greatest manipulator of easily led people in the history of the world.
Here we go again with Tesla. A major run-up fueled on pure speculation. Tesla adds Hiromichi Mizuno well known for his dislike of shorts, former manager of a trillion dollar plus Japanese hedge fund. We can assume he has or should have connections with Softbank. $tsla $tslaq
Lo and behold the Japanese investment company turns out to be the primary driver behind the recent stock surge by what appears to be a call buying strategy which is intended to drive algorithmic trading & stock purchases to artificially drive the price up on what is a very small
float for a company the size of Tesla. Register rings for Elon who has been rewarded continuously for pumping his stock without repercussions & who anyone with a basic understanding of accounting knows manipulates the hell out of his financials ad-nauseam.
Today made me much more comfortable with the market and my overall strategies. It is an uncomfortable feeling running a long/short strategy and not being able to have a reasonable portion allocated short. Noticed the wobble in the big tech names on Friday that spilled into this
week so I was able to go short the stock & via long-dated puts yesterday. Stayed long but reduced & went short via long-dated puts . Today I added and via puts & was already short pre-earnings . I went short last week & have stayed short
for around the last month. Also been short via long-dated puts. Tomorrow will be interesting. Both the S&P & Nasdaq hit the 20 day & stopped. I expect a bounce is possible & then a trend downward. Way to much liquidity & leverage brought us to this point let's see if
I have been a lifelong Dodger, Lakers and Rams fan. Sports have been an integral part of my life. High school sports were the primary incentives for me to bring my butt to school and to get myself through high school and eventually into college. If what is happening in sports
doesn't shock and scare you, you are wearing blinders. These sports figures are celebrating chaos, the denigration of our nation and our constitution. Drew Brees speaks up and he was forced into an apology. Brian Urlacher speaks up and he is quieted and disowned by the Bears.
Advertisers pull contract deals from athletes that don't step into line. The Chinese communist party can successfully threaten the NBA for speaking out for the freedom of those in Hong Kong and the NBA acquiesces. Like it or not many of our youth who don't understand that Lebron
So the fed creates reserves for the banks who then lend out these reserves which were created from nothing to banks. Banks lend it to you the average Joe and charge you interest. Banks lend like crazy because the interest is their drug & like every addict they get reckless.
Their addiction causes them to create more loans, putting the country awash with fabricated dollars & crushing the purchasing power of the same average Joe who is busting his hump making a living. When it collapses every decade or so good ole Uncle Sam bails out these reckless
white collar crooks using taxpayer dollars while not requiring the banks to pay for their mess out of their profits. Uncle Sam does this under the guise of capitalism by using socialism, creating even more money, crushing the purchasing power of average Joe even more by flooding
Interesting thought to myself as I review another fictional work titled Tesla's 10-Q. Ok, we all know Tesla's accounting practices are intended to intentionally misstate the true financial picture. Tesla is not generating profits from operations. The subsidies are
pulled forward to overstate net income with the intention of manufacturing profits. Costs are recognized when convenient, not always when incurred & most of the time not where they should be recognized. Is this wrong even fraudulent?! Hell yes it is.
Is it wrong that Elon Musk has become one of the richest men in the world from taxpayer subsidies. Hell yes even more emphatically! Yet, let's face reality . Musk is bullet proof & untouchable. Life isn't fair.