Hoth

Propping up markets is not part of the Fed's mandate. This attitude of expecting the Fed to intervene every time stocks dip 5% is a big part of the problem and has contributed to driving the bubble to its present extreme. The Fed doesn't have to do anything. The reality is they stayed too easy for too long and buried their heads in the sand with respect to inflation while they claimed unemployment was their concern. They don't have that excuse anymore and inflation has been stickier than expected and way above target. If measured in the old way, CPI is probably closer to 12-14%. That's a massive political issue and causes real pain for much of the populace. You can bet the Democrats are putting a lot of pressure on Jay behind closed doors to get it under control. The Fed's best tool for combating it is dropping QE and raising rates. If it deflates the present speculative excess, so be it! What's healthy about having hundreds of unprofitable companies trading at 20-50x sales? Or revenue-less companies like Rivian worth more than GM or Ford, or unprofitable movie theater companies touting the latest shitcoin craze because it drives activity to their stock. It's grotesque. It's run amuck and it's high time it came to an end. Raising rates will fix inflation and cleanse the markets of all this garbage.

Our panic thread is when Wiz posts his countdown to May and Tip starts talking about solar irradiance warming his car.

This is really cool. A scientist who can grow snowflakes to whatever specification he wants:

'13 was a lot of fun in Boston, but I knew I was missing something historic when that band pivoted over CT. My folks were stranded for days until backhoes dug them out.

I was in Boston then. I don't think Hamden got much, maybe 8-10".

Ha, I still remember waking up after the first sloppy storm and seeing the overnight Euro had come around and absolutely mauled us. Soon after, everything else fell into place. That was special.

Or the first one can set up the 50/50 for the second a la Jan '15.

It's snowing!!! Never gets old.

First flakes are on the books!

If I have no pack to protect, it can cut to Milwaukee for all I care.

My forecast of heavy, heavy disappointment looks like it was bang on the money.

Happy Thanksgiving everyone! Hopefully we're seeing a classic mid-range fumble by the modeling, only to have it roar back in a few days.

You're in a much better spot than I am. I feel you've got a decent shot.

I will take a few wet flakes and run. Hell, I still need to mow my lawn!

That's what IPA is for.

Leaf cleanup is more or less complete. I'll run the mower over the lawn one more time next weekend until the gas runs out, then it's time to wait for snow.

This will be solid preseason practice. No need to be invested yet; feels like a Mitch trouncer to me.

There is some eye opening data in this paper: https://www.hussmanfunds.com/comment/mc211108/

I feel the irrational psychotic rage building in me right now lol.

I'm crazy about keeping the snow in my yard pristine and always have been. When I was a kid, I used to get pissed at my little brother when he wanted to romp around in the new snow.

You know how you hear about how the average person will spend X weeks doing some mundane task over the course of their life? I wonder how big a slice of Kevin's pie chart will be devoted to keeping his lawn pristine. Gotta be a solid year or two.

Amen!

Now the leaves are really flying. Roaring out there!

Tornado in Branford two years in a row.

Just small branches. Tornado last year already took down a lot of the bigger stuff.