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jonknee

33,361 karma · joined May 22, 2008

Indie web app hacker (more JS than anything lately, but I prefer Python) and landscape photohgrapher.

Instagram: @tookthescenicroute Email: me@jongales.com

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jonknee··on Apple's warning is a bad omen for Wall Street bulls
Voice calls always work and I dumped them in favor of texting as soon as it was an option. I just don't want to use voice outside of special situations.
jonknee··on Apple's warning is a bad omen for Wall Street bulls
AAPL dove 7.55% in after hours once the news hit, so a large gap down is very likely. Some skepticism was definitely baked in, but this is a very unusual move (no pre quarter warnings since 2002!).

All big tech joined in the selling as well so something like QQQ is going to be hit a lot harder than the S&P (QQQ down over 2% in AH).

jonknee··on Apple's warning is a bad omen for Wall Street bulls
No, they lease them. That's actually pretty close to what Apple wants to do as well (Tim even noted it in his CNBC sit down).
jonknee··on Apple's warning is a bad omen for Wall Street bulls
AAPL is down 30.3% in the last 3 months (before tomorrow's plunge!). The market sniffed this one out a while ago.
jonknee··on Apple's warning is a bad omen for Wall Street bulls
This may be interesting to people. AAPL currently has a 3.38% share in the S&P 500 (VOO, SPY, etc) and a cool 9.72% share in the tech heavy NASDAQ 100 index (QQQ). Should be quite a volatile morning for QQQ.
jonknee··on Mars Express gets festive: A winter wonderland on Mars
They used topographic data and visual imaging to create the "composite" image, that's accurately described as a composite in my book. Similar to zooming around a city in Google Earth.

Here's the top down view (still quite spectacular!):

http://www.esa.int/spaceinimages/Images/2018/12/Plan_view_of...

jonknee··on Mars Express gets festive: A winter wonderland on Mars
> artificial visualization based on real topographical and composition data

Yes, that's what they mean by a composite.

jonknee··on Robinhood launches 3% checking account
> No one knows what Robinhood will do, but no bank can promise a perpetual 3% rate.

It's not too crazy, rates have gone up a ton without most bank accounts adjusting from being near 0%. The 10-year is currently just under 3% with the whole curve being really flat and lots of online banks offer over 2%. I currently get 2.05% with my Marcus account and Goldman Sachs isn't exactly known for giving things away (and with 3 month t-bills paying 2.41% they certainly aren't giving anything away!).

jonknee··on Robinhood launches 3% checking account
> I remember the days when Citibank would give out 4% interest about a decade ago. now of course, it's about 0%. It's just classic bait and switch.

That's not a bait in switch, interest rates plummeted globally to the point a lot of people were happy to even get 0%!

jonknee··on Chaff Cloud That Lit Up Radars as It Drifted Across Midwest Remains a Mystery
So why was it 50 miles across and in the air for 10 hours? That's not from a C130.
jonknee··on The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
It's pretty obvious they don't want to affect the outcome of the election... Exit polling isn't super accurate to begin with, it's better for everyone if the data isn't announced until after the polls close.
jonknee··on The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
In terms of tradable information, absolutely. Bloomberg is known for being first, not for long narrative stories (of which the WSJ may have an edge?).
jonknee··on The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
For financial news? Absolutely. There is a reason why Michael Bloomberg is worth $50b.
jonknee··on The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
But in this case they literally asked the public to get the info. It wasn't a secret, anyone has the ability to ask the public.
jonknee··on The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
> not permitted to be released until 10pm in order to front run people speculating on them

Exit polls are held back not for trading purposes, but so that people go to the polls and vote. If people think they know the result they won't go through the hassle of voting.

jonknee··on Kelly Slater’s Shock Wave
In related news, HBO is releasing a surfing documentary tonight that features Slater. It features people who worked on well received ESPN 30 for 30 docs, so I expect it to be high quality.

https://www.hbo.com/documentaries/momentum-generation

jonknee··on GoPro to move U.S.-bound camera production out of China
Sure, but plenty of companies actually assemble their own products (like say Samsung).
jonknee··on GoPro to move U.S.-bound camera production out of China
And my point is that has nothing to do with why there are cheap knockoffs as there are cheap knockoffs of all well known consumer electronics (fake iPhones even come out before the real iPhones!).
jonknee··on GoPro to move U.S.-bound camera production out of China
> "might've been wondering why GoPro never seemed to assert their rights."

That it has nothing to do with asserting rights, how the original product was developed or anything GoPro has done since. It's just how the world works.

jonknee··on GoPro to move U.S.-bound camera production out of China
There are countless X "clones" for any popular (and even unpopular!) consumer electronics devices. Apple certainly asserts their rights and yet you can still buy knockoff iPhones and even visit knockoff physical Apple Stores.
jonknee··on GoPro to move U.S.-bound camera production out of China
And "the full Apple" is still someone else makes the product (Apple purchases iPhones from Foxconn):

https://www.nytimes.com/2016/12/29/technology/iphone-china-a...

jonknee··on Companies use smartphone locations to help advertisers and even hedge funds
That's not risky, it's done by tons of funds.
jonknee··on Daniel Kahneman on when to trust intuitive judgment
It was so laughable he got a Nobel prize for it. That's not to say Kahneman is always right, but he is always worth listening to.
jonknee··on Sedans Aren’t Dead, American Sedans Are
I think cheaper gas and long commutes has way more of an effect for Americans preferring larger vehicles than fewer foreign trucks being available.
jonknee··on Bogle Sounds a Warning on Index Funds
You do not get 3,641 letters asking you to vote in each of the companies that make up VTI. If you own shares of a company directly you will get a letter and you may get a letter about governance of the fund you own, but not for the individual names in it (you own a piece of something that owns the actual shares).
jonknee··on Bogle Sounds a Warning on Index Funds
The pressure to increase profits exists regardless of ownership, if anything having large institutional funds own the majority lessens the pressure (vs an activist fund or something similar). If they're leaving money on the table someone is going to take it.
jonknee··on ‘I’m Broke and Mostly Friendless, and I’ve Wasted My Whole Life’
> Life is so much better if you just do what you evolved to do. There's no way to hack life and make it better in any real way. Pair up, get a trade, build a home, and enjoy that for what it is.

That's where we differ. It's great that you enjoy your life, but it sounds horrible to me. "Pair up, get a trade, build a home" ends up going very badly for some people, there is no single path to an enjoyable life.

jonknee··on New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters
It probably would in Buffalo, but not in Manhattan. The median home price in Manhattan is nearly $1.3m:

https://www.zillow.com/manhattan-new-york-ny/home-values/

jonknee··on Payless fools influencers with a fake store
Here is why you should charge more (for your product, time, service, whatever). Payless is a low budget shoe chain and opened a fake high end boutique and put in their $20 shoes:

> One shopper spent $640 for a pair of boots, which represented an 1,800% markup.

jonknee··on New York’s Wealthiest Cut Losses as Manhattan Real Estate Falters
You can redirect through Facebook and read it:

https://www.facebook.com/flx/warn/?u=https%3A%2F%2Fwww.wsj.c...

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