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Originally posted by Jampie
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It's crazy! Everyone knows they're up to it, they know that everyone knows they're up to it, but still nobody does anything about it. I think in their world, it probably isn't as controversial as it seems to us. It's just par for the course. One rule for me and another for thee. -
Ok but her trades don't even *seem* to be timed perfectly. On the Pelosi tracker it's easy to find big losses she made on 6 and 7 figure trades.Originally posted by slack_pie View Post
Hedge funds generally don't make big % profits because they hedge (they will have short and long positions), but the S & P is up 164% since 2014 according to the tracker. Pelosi is up 550% in that time. That means she 5x'd her money in 11 years, great - better than me for sure, but in a massive bull market certainly not exceptional.
Somebody on here once posted they made 400% in a few years on a China ETF. Prolific Reddit traders have done much better than Pelosi over the same period of time. If she's accomplished that by trading on privileged information she's doing an absolutely terrible job.
To use a footballing analogy, Pelosi made some big bets on top 4 teams to win handsomely, and she won more than she lost. What happened yesterday was like betting on Wealdstone to beat Man City with the score 5-0 to City.Comment
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I agree, it's entirely possible to make massive gains by picking winners, but Pelosi has made several high-profile trades directly before news broke that pushed certain stocks higher. Sure, it could just be a coincidence, or it could be that she's using privileged information to time the market. I know which seems more likely.Originally posted by drillerpie View Post
On this subject, there was another clear example of insider trading a month or so ago. Trump made a bizarre tweet about forming a "strategic crypto reserve" containing several high-profile digital assets and then walked it all back a week or so later in a second tweet. Someone opened a massive multi-million-dollar leveraged long literally minutes before the first tweet and then a similarly large short trade minutes before the second tweet. It's easy when you know how!Last edited by slack_pie; 10-04-2025, 07:05 AM.Comment
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Yeah I read your link about the timings. More smoke than fire i would say for buying 'months before stock splits' - most investors know when a stock gets to 800/900/1000 dollars and are growing fast they will do a split. People openly speculate about it and trade based on that. They usually get a small bump after the split but nothing massive. I would say that's perfectly normal trading.Originally posted by slack_pie View Post
I can't imagine the government knew the Crowdstrike outage was going to happen in advance, but maybe I'm naive.
Selling stocks of companies before antitrust investigations is the most suspicious of all the examples in that article. Could be genuine, could be dodgy. I'm certainly not going to die on the hill of defending Pelosi for that, but I still think 5x over 11 years with privileged information from the top level of government is far from a smoking gun and way different to what we are witnessing now. I see there has been a bipartisan bill introduced to stop US politicians trading and that can only be a good thing.Comment
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Trump - Guilty!!!
Nancy Pelosi - well, we should give her the benefit of the doubt.
Consistency is a hard trait to come by.Comment
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You must be familiar with the term *false equivalence* surely?Originally posted by andy6025 View Post
It?s interesting to note that the people responsible for the chaos of the last few days also think vaccines and fluoride in water are bad. There is literally no end to their idiocy.Comment
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Yeah, that?s what the women of the world often accuse their husbands of doing. Only they do not call it false equivalence. Instead they say -Originally posted by BigFatPie View Post
Thats different!!!Comment
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The point is, we don't know who's guilty - and we probably never will.Originally posted by andy6025 View Post
DOGE has dramatically cut the enforcement staff at the SEC and Trump is putting friendly faces in key positions.
The only way the truth will out would be via a private lawsuit as per the one against Musk for his undeclared Twitter interests.
But without SEC intervention, how does anyone know who to sue. Convenient. It's just another facet of the robber-baron-ism.Comment
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Well apparently you missed the part where the sleuths on this board already do in fact know. They have determined that Trump clearly engaged in securities fraud on a gargantuan scale. But they are giving Nancy Pelosi the benefit of the doubt because she allegedly ONLY 5 timed her money in 11 years.Originally posted by ThePieWhoCameIn View PostComment
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5 times in 11 years IS piss poor if you supposedly have an unfair advantage. It's 16pct p.a. There are fund managers doing it the hard way that can beat that.
Personally I don't think it's Trump himself making the trades. I don't give him credit for knowing what all the buttons do.Comment
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Surely if it were any other OECD nation they would both be investigated.Comment
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Well....after years of stagnation and a small group of senators trying hopelessly to limit and ban the ability for people receiving SNAP (government food assistance) to buy unhealthy food, it now looks like there is some traction with Bobby Kennedy Junior backing the group.
Apparently, nearly 10% of ALL purchases with SNAP credits go on carbonated drinks. It is seen by many as perverse that the US taxpayer is funding the purchases for those who also receive state funding to assist with health issues amounting from, obesity, heart disease and type 2 diabetes - all directly connected to their diets.
The soft drink lobby have many 'supportive' senators and why wouldn't you when you are projecting to get US$60 billion from SNAP fizzy drink sales over the next 10 years?
Of course there are many Republican senators as well as most of the Democrat ones who are against restricting what recipients can buy with their SNAP credits, but it's looking like the tide is turning. Democrats are breaking ranks and joining the crusade to wean Americans off this addiction.
It's something that should be in place in the rest of the world, where people receive a taxpayer benefit that is being misspent.
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What a lot are missing with Trump's latest announcement is that the tariffs are STILL in place. They are just paused for 90 days.
There's very little comment on here about how many governments approached the US to discuss what THEY could do to prevent the US from applying the tariffs. The US didn't approach them.
I follow Ben Shapiro, who could widely be held as a Trump supporter (although in 2016 he voted against him). I follow his podcasts and he is 100% against Trump with regards to tariffs and Trump's take on the Ukraine.
However, it has been talked about that Shapiro and many family members would stand to lose a lot of money with the stock market dropping. This isn't rare in the US as many people, from all walks of life, have stock market investments - over 60%, whereas the UK it is only at 26%.
There is no shortage of conspiracy theorists who state that Trump has manufactured this to make a fortune on the fluctuation. There's no proof, in fact it's more likely that the value in his own businesses fell just as quickly as everybody else's, so that kind of discounts that one, unless he's some kind of financial masochist.
It also affects the US's ability to borrow on the world financial market, which won't help his 'friends' either if that was the case.
The Chicken Littlers have pointed out all the negative aspects of the US tariffs, however, they conveniently leave out the positive sides.
The US has shown that at the flick of a pen, then can bring nearly all foreign governments to the negotiating table. The US is definitely not the economic power it once was in the 1950's and 1960's, but for influence, the US no longer has to send it's young men and women to the front line to fight and die for causes that are set by the establishment, but have no benefit for those dying.
It has also shown that China can't bully its trade partners and align them up against the US. Many have already rejected China's overtures. Seemingly again finding their 'balls' now that the US has stood up.
It's very interesting times and makes everything much more exciting, if we just take a breath, step back and let those in power make the decisions and get on with our lives.Comment
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Not when you're well into retirement mostly funded out of investments in the market such as ISAs and SIPPs carefully built up over 30 years as we were encouraged to do.Originally posted by Lullapie View Post
Whatever the outcome of these moves the USA has seriously damaged its trust on the International stage in any sphere of operation.Comment
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