dkrich

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91.
by dkrich 3y ago
Exactly. I’m very surprised nadella would take this kind of risk. It seems extremely cavalier to not investigate what happened before quickly going all in on hiring the entire team. You risk having to do a very embarrassing about face if so
92.
by dkrich 3y ago
Yes, low volume pre market moves on the back of a nonstop news flow always predict how they end up
93.
by dkrich 3y ago
You’ve nailed it. The excitement is going to be short lived imo
94.
by dkrich 3y ago
MS is risk adverse in every way except for one, which is to blow up Google. To me this is exactly why I’m skeptical of Microsoft’s strategy here. They seem to be convinced that their success at unseating Google is assured. Meanwhile, goog
95.
by dkrich 3y ago
Yep feels like a desperate attempt by nadella to restore confidence in him and Microsoft’s massive investment and news like this can easily change on a dime
96.
by dkrich 3y ago
Yes. Ben Thompson has recently written a lot of commentary about it and, to be fair, he seems quite bullish on it. But so far to me this seems to be almost universally loved by programmers while I don’t really know anyone else who uses it a
97.
by dkrich 3y ago
Short covering rallies have kicked off many’s a sustained bull market. There’s never one reason for a rally.
98.
Ask HN: Is it just me or has the Gmail spam filter stopped working?
7 points by dkrich 3y ago|6 comments
99.
by dkrich 3y ago
People who visit DC almost invariably marvel at the metro because they use it for a couple days likely not at peak times. For day to day commuting it is awful and a running joke for people who live there. Elevator outages and trains getting
100.
by dkrich 3y ago
It’s not that I don’t believe that his car couldn’t detect an oncoming car- my four year old Honda does that easily on a regular basis. I simply don’t believe that videos like this aren’t staged anymore to push a particular story by people
101.
by dkrich 3y ago
It’s gotten to a point for me that I just assume any and all videos like this are fake.
102.
by dkrich 3y ago
It’s demonstrably true. Do you really think you have an advantage in the market because you spotted the same breadth thrust everyone else is talking about? Same reason why people can’t understand how market is rallying with a yield curve th
103.
by dkrich 3y ago
Well, the thing is that it once had value. But before computers and the internet and real time data made creating all sorts of charts really easy. Jesse Livermore is regarded as an early technician in that he would spot price patterns tha
104.
by dkrich 3y ago
My first impulse when I come across a memory or photo in my camera log on my iPhone is to send it to my wife. Photos are really rarely a personal experience. A major reason why most famous paintings find their way from personal collections
105.
by dkrich 3y ago
No. To me the entire generative AI play is all part of a repetitive cycle. First people are apt to believe anything and get burned in a bubble. Then they are skeptical of everything and get left out of the next actual sea change. Then a new
106.
by dkrich 4y ago
Except that we’ve had one of the greatest economic booms in history and the deficit has exploded. The government has lost sight of fiscal responsibility and society is completely addicted to easy money.
107.
by dkrich 4y ago
The greatest feature of a centralized currency is the ability for the governing body to step in and become a lender of last resort when once a century crises hit to stave off a depression that could take decades to repair. The trouble is th
108.
by dkrich 4y ago
It may be backed by the US but there is no guarantee of it holding its value especially when the government has become extraordinarily reckless with monetary policy. While we’ve never experienced a serious crisis of confidence in the dollar
109.
by dkrich 4y ago
It’s more complicated than that. They don’t just hold bonds that have diminished in value and are underwater, they are borrowing money through the reserve program at higher interest rates than they are collecting. It’s the exact thing that
110.
by dkrich 4y ago
It absolutely can happen. Not necessarily that they become insolvent to the point of closing up shop because they can borrow from the treasury (so long as the debt ceiling gets raised sufficiently) but they are basically already there. They
111.
by dkrich 4y ago
Let me preface this by stating that I am not a crypto enthusiast and do not own any crypto. One thing that’s been fascinating to me as this banking crisis has unfolded is that the same people who swear cryptocurrencies have no intrinsic val
112.
by dkrich 4y ago
The fed has a balance sheet that consists of bonds of varying maturities mostly. During covid the balance sheet exploded as they bought all sorts of mbs securities and bonds to loosen liquidity. By definition that was basically the exact op
113.
by dkrich 4y ago
From afar what appears to be going on here is that the sec did nothing for years and years then ftx blew up and sbf went to jail and within the sec there was fear that they appeared asleep at the wheel. So they oversteered and decided to dr
114.
by dkrich 4y ago
Up to $250k
115.
by dkrich 4y ago
Which is why halts/bank holidays can be an extremely effective way of stemming a panic.
116.
by dkrich 4y ago
Wasn’t enough for what, though? To pay out money deposited with them on a short term basis.
117.
by dkrich 4y ago
Is this not a function of awful risk management? They seemingly put an outrageous percentage of depositors money at risk buying long bonds which I’m sure seemed like the best “fail safe” option at the time not thinking that rates would keep
118.
by dkrich 4y ago
Markets are funny. They are colored by recency bias. You have an investment nobody cares about for years and years and then all of a sudden there’s a ground shift and it becomes extremely valuable overnight. Then the value seems like it was
119.
by dkrich 4y ago
No, it’s definitely not normal although I don’t have figures on what the average hold time is for any given issue. Since a lot of stock is purchased as automatic 401k contributions a lot of stock is held for many years. I believe this artic
120.
by dkrich 4y ago
Simply put, day means if you bought on the market open and sold at the close. Night means if you bought on the close and sold on the open. The implication seems to be stocks jump at the open then trail off during the day. Thing is most of t

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