Dividing by zero

The DJIA is the sum of 30 stocks on the NYSE, divided by the Dow Divisor. As I write this, the DJIA stands at 14,438.

The Dow divisor is currently 0.130216081. If we used the same divisor as they did in May of 2001, which was 0.153694, the DJIA would be 14375.

So
adjusting for changes in the Dow divisor, the DJIA is actually
unchanged from where it was 12 years ago. These numbers are so
manipulated, it is ridiculous.

Originally, the Dow divisor was intended to adjust for stocks that split, so that a company could not manipulate the DJIA merely by splitting their stock. Otherwise, a stock that sold for $50 today could split, and cause a large drop in the DJIA when it sold for $25 after the split. 
The Divisor approach worked well for the first few decades but in
recent decades the Divisor has become very small. In 1986, the Dow
Divisor fell below 1.0 for the first time, effectively becoming the ‘Dow
Multiplier‘ since to divide by a fraction, we invert it and multiply, resulting in a larger number.

The math is simple. Now that the Dow Divisor is .130216081, a one dollar change in the price of a stock results in a 7.67 point movement of the DJIA. Mathematically, the system is set up to oscillate out of control as the Divisor approaches zero. After all, dividing by zero causes an infinite result, so as the divisor approaches zero, the DJIA will approach infinity.

 Another problem is that the Dow treats all price increases the same, regardless of relative magnitude. For example, a $2 change in the stock price of IBM, which is selling at $209, would offset a $2 decrease of Alcoa, currently selling at 8.64. The IBM change is an insignificant 1% movement, but the Alcoa change is a staggering 25% movement. This allows for easy manipulation of stock prices. An entity can manipulate the DJIA by buying large amounts of low priced stock, and cause large movements in the Dow.

Waste of time and tax money

So the University of Cambridge says that they can predict things about you from your Facebook postings, even if those postings don’t reveal the information. Color me unimpressed.

They claim that they can predict a male’s sexual orientation with 88% accuracy. Yawn. At best, 90% of males are heterosexual, meaning that I can beat their numbers merely by calling all men heterosexual. It isn’t as if I can’t guess the sexual orientation of a guy who posts pictures of himself kissing other dudes, or of a woman who looks like a man, with short hair and her arm around another woman.

Likewise for the claim that they can predict religion and political leanings. If I click the ‘like’ button on the NRA page, the Pope’s page, and the page for Rush Limbaugh, it is a safe bet that I am not a Democrat.

The thing that bothers me the most is that this study was likely done with tax dollars. This is why we are broke.

Google Reviews

I have to say that I can no longer trust any public reviews from Google. There is a local (to me) school that teaches paramedic and EMT classes. They periodically will have a bad review come up, and it will remain there for a week or so, and then will disappear. There are currently 8 reviews up there, with five of them written since the format changed to only allowing Google+ users to rate a business. Of those 5 reviews, one is written by the owner of the school, and all of the reviews are positive. I have seen at least three negative reviews get deleted.
In short, I will no longer trust Google reviews.

“Buyback” nonsense

So the Hillsborough County Sheriff’s Office held a gun “buyback” just three weeks after the county commission voted not to have one. Over 2,500 firearms were turned in, at a cost to taxpayers of $190,000. Most of the guns confiscated were junk guns:

Then there was the ingenious gun made from a flute. This makes me wonder if it really worked. If so, this is proof that gun bans can’t work unless ownership of common items like flutes becomes constructive possession:

Then there is the obligatory “rocket launcher” that seems to turn up at every buyback nowadays. Where are these coming from? Are the cops doing this for publicity value, or are enterprising people making money off of worthless green tubes? Either way, with the number of these things turning up, you would think there were rocket attacks happening every week in American cities.

With all of that, some of the people who redeemed guns for free hockey tickets attempted to go to a sold out game at the last minute and exchange the vouchers, but were told they were out of luck. The tickets themselves recommended that they be exchanged for tickets 48 hours before the game. They also said “subject to availability, while supplies last.”

Craziness

So yesterday, I had a friend decide that she wanted to buy an AR15. I shopped around a bit and discovered that Spike’s Tactical has an 8 to 12 month wait. L&R armory, not too far from my house, is selling stripped lowers for $900 each.
Well, considering that the Florida legislature is considering a law that would make it illegal to purchase an “assault weapon” after July 1, and a felony for those guns already owned not to be turned in by December 1, one has to wonder if people are paying $2000 and more for an AR15, are they planning on turning them in this summer?
I doubt it.

More on the bill: It would require proof of an anger management class to buy ammo, make it illegal to manufacture, import, possess,  purchase, sell, or transfer any “assault weapon” or large-capacity magazine. Any weapons or magazines that are in your possession as of July 1, 2013 would have to be turned into the police by December 1. Violations of this law are a second degree felony, punishable by no more than fifteen years imprisonment in a state prison and a fine of up to ten thousand dollars.

Possessing a 15 round magazine for your handgun would now be a greater crime under this bill that possession of cocaine, selling and growing marijuana, burglary, and battery of a law enforcement officer. It will be treated the same as Aggravated Assault with Deadly Weapon No Intent to Kill, Unlawful Sexual Activity with a Minor,  Sale of cocaine, DUI with Serious Bodily Injury, DUI Manslaughter, and certain forms of Homicide.

There are enough prohibited items in my house to get me a couple of centuries in prison.

Stupid point of view

This is the mindset that we are dealing with: A democrat that says we gun folks are approaching crime all wrong. They way to prevent rape, and presumably all crime, is simply to tell people not to do it:

This is the mindset. Why, if we just put up a sign that says “No guns” or “Rape free zone” or even “No robbing of this store allowed” then no one will do so.

This is why some people cannot be argued with or reasoned with on the gun debate. They simply do not have the mindset to have an intelligent conversation. I try to see things from their point of view, but I just can’t get my head that far up my ass.

Ignorance of the law is certain

There is a well known legal quote that “Ignorance of the law is no excuse.” Of course, that was once easier than it is now.

In 1925, all of the Federal Laws fit into this volume:

Now, the United States Code looks like this:

There is also the United States Code of Federal Regulations (CFR), which are administrative rules that have been adopted by Federal agencies like the BATFE, the FCC, FAA, EPA, and others. These rules have the force of law. That set of books looks like this:

Then there are the laws and administrative codes for your state, your county, and the city that you live in. On top of that are the hundreds of books of court cases that explain, modify, and expand on all of those laws.

In short, there is no way for anyone, even someone who has spent his life studying the law, to know and comply with the law.

Remember, the only power that governments have is the power to crack down on criminals. The more criminals, the more power the government has. When there are not enough criminals, one makes them by declaring so many things illegal that it becomes impossible for men to live without becoming criminals.

That is where we are today.