Truly "Exceptional" And Dumber Than Ever: Verbal SAT Scores Plunge To Fresh Record Low
Having followed this tragic development year after year, it is amazing that we are still surprised by what the chart below shows, yet here we are: surprised. Although judging by recent social, fiscal and monetary developments (and the complete lack thereof as the same old broken approaches are tried with a lunatic's intensity and an idiot's resolve that this time will be different), we can certainly believe it. In brief: another year, another record low for the average verbal SAT score, and another sad achievement for a nation that is getting fatter, dumber and ever more in debt.
And just because nobody took it seriously last year (and it shows) we repeat: the need for the Derek Zoolander Center For Kids Who Can't Read Good And Wanna Learn To Do Other Stuff Good Too has never been greater.
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
Younger generations spend less time than older adults following the news, and over the years the differential has not diminished. Since 2004, Pew Research Center has been tracking the number of minutes per day each generation spends watching, reading, or listening to the news. Here are the averages in 2012...
Average minutes per day following the news Millennials: 46 Generation X: 66 Baby Boomers: 77 Older Americans: 84
Interestingly, these numbers have barely changed since 2004. "Today's younger and middle-aged audience seems unlikely to ever match the avid news interest of the generation they will replace, even as they enthusiastically transition to the Internet as their principal source of news," concludes Pew.
Source: Pew Research Center, Pew Research Surveys of Audience Habits Suggest Perilous Future for News
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Apr 14, 2021 1:41:25 GMT -6
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Nov 13, 2017 15:19:23 GMT -6
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jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6