O/T:- Trump Presidency 2.0 [hic sunt dracones]

[drillerpie]

I said "always seem to be timed perfectly," not "always timed perfectly."

I agree that buying Nvidia stock isn't the same as entering a trade directly before a tweet, but Pelosi has outperformed virtually every hedge fund in the US. It's no coincidence. Ultimately, it's insider trading, however you dress it up. Everyone knows it, but still they get away with it because they are political royalty.

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.

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.

[slack_pie]

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.

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.

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.

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!

[Lullapie]

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.

https://www.newsweek.com/robert-f-ke...unches-2057403