Never could get comfortable with the valuation of either. The entire business is based on growth in transactions and inflation, which means it is very economically sensitive. The entire business is ripe for disruption. Everyone that uses your product hates it because you are scraping 2-3% off...
Honestly, no clue. I guess it was pretty well known event so the price is just doing its normal movement. The negative price reaction on the Mideast news last week sort of shows it is just an inverse risk proxy.
The S&P tech sector is now almost flat YTD, so in hind sight looks like he was right. SMH still up 15% though, so Apple has been a big drag. This is typically a seasonally weak period and last week was an option expiration. S&P down about 5% now, so we see if it gets bought. That Buy-The-Dip...
Option market makers don't have to do a locate on short sales. If they end up net delta negative, they hedge that options exposure and can easily be naked. The MM fixes this by jacking up the cost of the option (see implied vol). Regular investors can't be naked short. The broker is required to...
Agree, I just can figure out what the political capital gained would be. The overwhelming desire to be part of the tribe seems to be the only reason I can come up with. Given this whole thing started with a citizen ballot initiative 190 to legalize weed on the premise much of the taxes would go...
Maybe someone closer to the ground can help. It is still hard to understand the "why" part. Sure, it's probably money, but it is hard to see exactly where the money is going. It was basically something everyone agreed to, so it is hard to find an opponent who directly benefitted. Those who...
It seems a persons age sort of defines the view of him, which is what amazes me. I remember him on Carson and SNL as a comedian, then all of the movies, then an awesome banjo player, then on Only Murderers ITB. He redefined his career multiple times, which is hard to do even once. The doc also...