dimanche 6 février 2022

Members of Congress VS Standard and Poor's

A few weeks ago, a guy wrote to me, suggesting to write about Members of Congress VS Standard and Poor's. 

Have you seen by how much these guys beat the SPY? Is it normal? They all have access to informations about where the government's heading and it looks like they know how to use these informations. 

Why do the interest rates don't go up like they should? We probably have a part of the answer above. Because, frankly, with such high inflation, rates should go up by at least 1%. 

Which makes me think about how little we know about a lot of things around the stock market. Many companies try to pump their stocks with super positive news which are probably less positive than they make us believe. And sometimes, the opposite happens. For instance, Facebook last results weren't as bad as it seems but call transcript looked like Facebook was going down. Does Facebook going down or does Zuckerberg and his communication team want make us believe that things are worse than they are just to push the stock lower and then, initiate a massive buyback?

I may be wrong, I may be right. But one things is sure, we never see the whole iceberg. There's a lot of other things going on and most of them are not pretty. 

Cocaine, teen boys, easy and quick money, bullshit earnings... What a wonderful world. 

At least we have friends around us. Oh I forgot. With COVID we lost almost all of our friends. What a wonderful world. 

1 commentaire:

  1. Every investor knows how hard it is to beat the SP500...

    The fact that members of congress outperfomed that index the way they did just re-affirms what we all already knew...Politicians and especially 'career politicians' have their own interests at heart, no matter what they spew out in public.

    I guess you can chalk it up to human nature (human nature=narrow self-interest)