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Tesla's April Fool's Joke Spoofs Market Algorithms
Okian Warrior writes Yesterday, Tesla's twitter feed and blog announced the new "W" Model. Meaning "Watch" (as in "wristwatch"), the announcement Included a photo of a watch spouting a cumbersome "Big Ben" glued to the face and including this text: "This incredible new device from Tesla doesn't just tell the time, it also tells the date. What's more, it is infinitely adjustable, able to tell the time no matter where you are on Earth. Japan, Timbuktu, California, anywhere! This will change your life. Reality as you know it will never be the same." Clearly, this was an April fool's joke as anyone who reads more than just the headline would immediately guess. The problem is that Bloomberg's fast response team did not. The algos, on massive volume, spiked TSLA stock higher by nearly 1%.
A 1% move on an individual stock is not that much, is this really a big problem?
Enigma
So the stock market is being actively manipulated by idiots?
As usual, these people are just parasites on the financial system looking to skim off money before everyone else has a chance.
High frequency trading is essentially skimming off the top for yourself without having done ANYTHING other than having a faster connection.
I hope these clowns bankrupt themselves one day with their stupidity.
Lost at C:>. Found at C.
anyone need a quarterly "bump" before the stockholder meetings?
I hope these clowns bankrupt themselves one day with their stupidity.
No, based off what happened last time, they don't go bankrupt. They don't go to jail.
Everyone else's retirement funds take a huge hit and lose value, but assholes^H^H^H^H business leaders like this are too important to fail.
Grammer Nazis - I mod you "troll" unless you actually add something on-topic. Yes, I know I have mispellings in my sig.
"I can make a triangle into a square if I just repeat it enough" - Joseph Goebbels, Minister of Propoganda Nazi Germany
* :)
(This isn't THAT 'far off', when you think about it...)
"Newspaper taxis appear on the shore, waiting to take YOU away..."
(That last line's the POWER of 'p.r.' & psychology via mass-media exploiting it to stir you to THEIR ends...)
APK
P.S.=> "Look for the girl, with the sun in her eyes - & she's GONE..." - Elton John, Lucy in the Sky with Diamonds (my tune for today, listening to it now in fact, due to 70 degree F weather after TOO much below zero here "in the great white north" of the USA - later)... apk
This article is dated 4/1 submitted by Tyler Durden. You sure the joke isn't on us?
The hell you say!
SJW's don't eliminate discrimination. They just expropriate it for themselves.
I woulder if it could have been due to the "Ticket Avoidance Mode" in the upcoming software update? Video here.
This post is encrypted twice with ROT-13. Documenting or attempting to crack this encryption is illegal.
That's not Big Ben. That's the Westminster clock tower. Big Ben is the largest bell inside.
You can't seriously propose that companies pay money into employee pensions as they contractually agreed to, now can you?
What are you, some sort of caveman from the 20th century?
We're much more enlightened and self-reliant here in the 21st century. Employees are responsible for taking their own money and invest in the only game in town.
The fact that the game is designed to be rigged six ways from Sunday is beside the matter.
the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff
While these thieves on the other end are high on opium (OPM= other people's money) rolling high, taking insane risks, and all the profits and bonuses are theirs. If they make a loss, they are too big to fail and our taxes will bail them out. If they blatantly lie, cheat and commit felonies, they are too big to jail too.
Realize this. The. joke. is. on. us. They are laughing all the way to the bank (which they own probably).
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Unless you have 20 hours weekly to become an expert in an investment sector, the only winner when a small investor buys and sells stocks is the bookie. Er broker. Managed funds are better. Or was it diamonds. I can't remember which.
Just because I'm in a nit-picky mood - That's the Elizabeth Tower photoshopped on the watch. Big Ben is not the tower, or even the clock, but the largest of the bells inside the tower.
I see a number of posts blaming the financial crisis of 2007-2008 on the sale of bad mortgages.
If you are not familiar with the terms listed below, then you should not attempt to discuss the financial crisis of 2007-2008 because you would be wrong.
If you are reading an article about the financial crisis, or listening to someone discuss the financial crisis, and you do not hear these terms then you should assume they are either ignorant or lying.
hypothecation
140% rehypothecation rule
credit default swap (CDS)
collateralized debt obligation (CDO)
synthetic CDO
repurchase agreement (especially internal repo and repo 105)
You can't seriously propose that companies pay money into employee pensions as they contractually agreed to, now can you?
Hah, forget companies, if you can get the government to fully fund their pension promises you'd get the Nobel prize. I mean for God's sake look at the hoops people jump through to argue that the USPS is paying too much into their retirement funds. They come up with bogus arguments like "They are paying for employees who aren't born yet." Ummmmm nooooo, they are paying an extra catch-up amount because it's underfunded to begin with. The catch-up amount is equivalent to them paying the normal amount for additional employees that don't exist, but that's not what is *actually happening.* It's like talking to a wall though... they will insist that, no, the evil Republicans are bankrupting the USPS by making them pay retirement benefits literally earmarked for people who are not born yet. It's so funny, but also really sad.
Seriously though, the lack of private pensions is small potatoes (I mean, we do have Social Security for those private sector employees) compared to underfunded pensions in federal and state governments. That is a looming crisis.
People think they are smarter than they are always and independently of any other variables.