The Bumbled Bubble, All Around.

   

The Bumbled Bubble.

     By Dominic Alvieri @AlvieriD

        The Bumbled Bubble is not just about valuations. 

        Justice is blind. Injustice is not. Out of date policies, practices and procedures need to change.

        Are we just going to leave everyone else behind?

 

 

The Federal minimum wage has NOT CHANGED since 2009 at $7.25 per hour with accompanying chart below. The NASDAQ during that same period of time shows a staggering return of 541%, not including dividends. During that time that the minimum wage has not changed. That must be repeated. The Dow Jones Industrial Average has gained 325.78%, not adjusted for inflation (CPI), and 225.45% from July 24, 2009, to the last trading day of August, 2020.

Data does not lie. Market or security data. Only our perception may differ.

 If one were to adjust the minimum wage by the lower end DJIA return over the same period the minimum wage would be $23.60 per hour. The jobs that are being pushed are mostly below $13 an hour.. That is not a job. We all can hear of the record $364 million dollars raised by a party. The other party is not far behind. They have good paying jobs and benefits. Companies are keeping wages down and hours below the benefit threshold. A common trick. Many old tricks are being exposed daily and the bad actors continue to act as if everything is just swell.

The data is from US Government, DJIA, and NASDAQ websites. 

The Pandemic funding revealed flaws in the systems and society. PPP loans were being pushed to prevent companies from laying workers off and the wrong companies were accepting funds. A couple of four that has not lost their jobs received an extra $3,400. State Unemployment coffers are running out. The FEMA Emergency Fund level is a new important number to watch. If the economy does not improve by that point, will the Fed be able to step in again? What about lawmakers stepping in to more than double the minimum wage? 

You can please highlight the more than 11 year run at this minimum wage that said owners have been taking advantage of. How many lawmakers have businesses? How many of their friends?

What then? What is a stock? What is cybersecurity?

Middle income workers had to drain savings accounts and sell stocks at the low in March to survive because of the uncertainty, delays, and capacity issues flooding the unemployment systems. Some states are outdated with technologies including Cobalt. Many states have different networks, within a standard, but they are not the same as the government systems. Technologically or by fiscal implementation timing standards. Is the same politician still around as well? Probably.

 

 As the markets soared to unsustainable heights, tens of millions of workers are still looking to replace multiple jobs with living wages. Productivity and cost reductions by corporations during the Pandemic brought about the realization that staffing levels can be lowered and increase your bottom line. You can paint any picture you want. I see people with the new cars and items, and I see the people unable to maintain their homes and selling their belongings. Franchise and business owners got to buy another Maserati or Mercedes while others businesses failed and workers have to beg that same owner to get ten or eleven dollars an hour?

Do the math. Is that a living wage? Is $15? How much is that new iPhone?

Fake accounts count but people without internet and a social media account don’t? 

Did anyone else hear that? No mobile or home based internet? You do not count.

Wall Street knows better. They avoid the struggling areas in the Bronx, West Philadelphia, Chicago or Crenshaw. Go to any state. You know what the real issue is. Wall Street has an issue as well. No more Chinese companies to go public like Luckin Coffee. They laughed. They laughed and I saw the visual evidence. Many knew.

 Cybersecurity has plenty of issues to deal with, but we catch and repair the problems. We try and catch the bad actors. We scan for them. Constantly. Sometimes things just appear that you weren't even looking for. We don't turn our heads at that point. We get to work.

There is something about a person in cybersecurity that is not common...you see things that others don't. You notice things. A fellow professional opined about that recently and I concurred. You can sometimes hear things too, but you have to listen.

                     

 The Federal Reserve ad infinitum is not possible. 

 My children would like an iPhone as well, not a black and white tv.

Again. The Federal Reserve has pumped a record amount of money into the economy, read markets. Money has nowhere else to go. Was that intended? At least not our bottom line. Valuations continue to be distorted. Reports that 6 out of 7 major stocks account for the majority gains in the S&P 500. Apple soared to a market capitalization of 2 Trillion dollars this past week. 

With the flood of companies rushing to cash out at record highs accountability must be noted today, not years from now. AirBnB and Stripe are discussing going public. Bumble and Skillz have filed this past week with more coming as reported. Valuations continue to be created out of thin air in some cases, ala the 1990’s Dotcom Bubble “new metric.” It is different this time. Pay Per Account. Reports value the Bumble IPO at over 6 Billion dollars. What metric was that again? Is the technology that valuable? Is it the amazing idea? Fake women take advantage of older men and the concept and idea do not prohibit the scam. One side is a dead duck. That sounds like a "Love at First Click" blog.

 The Pandemic proliferation will break most cybersecurity records that have not already been broken this year. Over 129,000 fraudlent COVID-19 related domains were registered at the start of the Pandemic. It is the Scamdemic. 

That also created another major technological error in March diverting sTLD traffic to junk, with filters associating them in many cases with the fraudulent new domains registered. The tech bubble burst in another way. Unique and extended user and domains names were being misdirected, good or bad. Time sensitive emails. Trusted emails that people were waiting on and got junked. Oops. 

We do not filter traffic, only you do, would be the legal mumbo jumbo. However you, not I have directed that said email into said junk and said nothing. How can that be a waiver of liability if there is no other software, except yours? 

 Wait, am I the buyer? Who am I buying from?

Mr Buffet, what is the going rate for a fake account? Recent reports of new fraudulent and fake accounts sexually exploiting minors have been dubbed “Instagram Joe” and “TikTok Tony” on social media. Fake accounts are everywhere. Every platform suffers from that plague. LinkedIn is not immune. A fake recruiter contacted me saying he was on LinkedIn that I scared off. Sure looked to be. Something about Cybersecurity that makes the bad guys run. Social, racial and political Trolls abound. It is hunting season.

The MO is usually the same. Multiple fake social accounts on multiple platforms. Several fake email accounts. Silicon Valley needs to work together. Two systems on the same network can get in trouble, no? Closing the account is simply kicking the can to the next, if he is not already there. They have multiple outlets. Texting as well. Zoom?

Will that account be there next month? Is that account and traffic real? Validating an IPO with metrics that need to be purged of what is now known before the sale. If I have 10 accounts and 2 are fake and fraudulent accounts doing more harm then good, how can they be included? What would you pay?

A fake account is not a valuable asset. It is fraud on all sides. The user behind the account, and the accountant who validates a known fake , and the company and banker that brought the deal.Chinese, Enron and Luckin Coffee accounting need to be expelled just like the Instagram Joe's and John Wicks of the World.  Every platform has fake accounts.  

 

American middle class be aware. Middle class is now low income.

The old adage is true, the rich keep getting richer while the poor get poorer. 

 

 

CNBC, CNN and other major news outlets continue to push what sells. Push what is paid for. Why don’t we talk about Pelosi’s hair cur or Trumps Tweets. That sells. The homeless and most unemployed do not have social accounts to make their voice heard. Corporate America will see the woman in NC making $33 a week in unemployment and does not even qualify for the new $300 wage loss provision. The wage loss provision does not kick in unless you make over $100 a week in unemployment. That doesn’t sell, but that is the truth.

Does anyone know what is going to happen to that nice NC woman? Does she not count? Don't we all count? Not to Wall Street and Washington and corporate America.

Dominic Alvieri. Analyst, Independent Researcher and Tracker. @AlvieriD