Can you watch what happens on a market just before the press conference and do the same?
You'd risk amplifying every fluctuation. It's often impossible to know what's a shift vs. what's noise until it's well under way (if not over).
Grand Theft Oil Futures: Insider traders keep making a killing at our expense
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Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#72I remember one take I had in 2024 after the election.
We're all familiar with some of the "defund the police" experiments that went too far in places like Portland and San Francisco and resulted in things like epidemics of casual shoplifting.
Well, what we just did is basically the white collar crime equivalent. We now have a wide open free for all for all forms of white collar crime. You can just insider trade, launder money, commit investment fraud, anything you want, the way you saw random people just walking into CVS drug stores years ago in SF and grabbing stuff and walking out.
But as usual when someone steals $100 worth of stuff on the street that's a national crisis and those people are scum, but when people steal billions that's fine cause they're wearing suits.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#73The worst part is the sharp changes in the price being traded aren't achieved by magic but rather with guns & actual human suffering
The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.
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Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#74Earlier quoted context omitted.
Eager to make bank off the back of civilisation, too? My IT colleagues continue to impress!
Psychopaths and sociopaths come from all types of backgrounds. One things for sure, they all tend to gravitate towards power and exploitation of people without remorse. C suite and founders are far from immune from this...
> C suite and founders
You missed "VC backed" in front of "founders". Most founders are good people.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#75So if this sort of "insider trading" is bad, what does this mean for other sorts off strategies hedge funds do to get an edge, like flying helicopters to look at how full oil storage tanks are? Should that be banned too? The article basically argues that any sort of edge is bad because it disincentivizes others from participating. edit: see my subsequent comment. I'm not saying corruption is good. The whole point of…
HN will never stop surprising me with it's takes on how it's okay to make money at anyone else's expense regardless of laws, ethics or harm done
It’s really only a few people who believe this, and they’re always replied to by people vehemently disagreeing with them.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#76Earlier quoted context omitted.
The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.
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Can you formulate in a short paragraph, why you think US attacked Iran, exactly.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#77I remember one take I had in 2024 after the election. We're all familiar with some of the "defund the police" experiments that went too far in places like Portland and San Francisco and resulted in things like epidemics of casual shoplifting. Well, what we just did is basically the white collar crime equivalent. We now have a wide open free for all for all forms of white collar crime. You can just insider trade, laun…
> You can just insider trade, launder money, commit investment fraud, anything you want, the way you saw random people just walking into CVS drug stores years ago in SF and grabbing stuff and walking out.
Something I'd disagree with is... enforcement will not help against what causes people to turn out and steal in stores. Fix widespread poverty, get people out of homelessness, help people legitimately get off of drugs, help them get jobs even when they have convictions on the book, and then they won't need to become members of what is, essentially, small and hyperlocal crime networks.
In contrast, insider traders and billion-scale fraudsters - they do not have the need for survival pushing them to do crime. It is just pure unchecked greed that drives them.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#78Earlier quoted context omitted.
The war must continue in order to bring us to the status quo that was in place before we started the war. I hope that everyone responsible for this is enjoying every cent of what they get to pay at the pumps.
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I thought it was a lot more than that, Gaza is not a small place
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#79Earlier quoted context omitted.
>It's political insiders trading ahead of public statements. They are getting gains not by dint of being incredibly smart, nor from working very hard. Instead its from abusing their position in power. The article specifically argues that it's extra bad beyond just corruption. That's the part I'm pushing back on. >The stench of corruption is overwhelming. Yet aside from the raw corruption, these incidents also raise a…
> The article specifically argues that it's extra bad beyond just corruption. That's the part I'm pushing back on. They are elected officials that are supposed to be working in our best interests, or at least the interest of their supporters. Are they making decisions in our best interests or what makes their pocket book fatter? Poisons the whole system.
The American people knew who they were electing. They knew it, and they elected him anyway. Whatever damage results from that collective decision is our cross to bear.
Re: Grand Theft Oil Futures: Insider traders keep making a killing at our expense
#80> "The Trump administration is making no real effort to crack down on whoever is trading using inside information, and these inside traders are operating with a complete sense of impunity, assured that they can get away with it." I think this sums it up.
Why would they turn off the tap for easy money?