After such a big move, the market will try to rape you, by way of sending out misinformation and false signals. Just when you think you have it all figured out, BAM, men in fancy pants slap you in the jawbone with legs of lamb. My advice to you: forget about this market for a few days. Go to Europe and drink heavily with Irish people. Leave some longs in place and pray to God, or whatever mythical creature you believe in, that things go your way. To couch your position, consider a 50% cash position.
Why?
Answer: because only narcissistic asshats think they can time the market perfectly. Having cash in your investment accounts is equal is to having an eraser on the end of a pencil. We all make mistakes and it’s important to approach this bitch of a market, tactically.
As the day progresses, stocks are getting weaker. To be honest with all of you ham and eggers, I could not care less. Who gives a fuck? My risk is very minimal and I am playing with the houses money, AND MORE. Over the next few days, I will look to make another dive into the market, long or short. For now, I am leaning long.
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May thor’s hammer jamb europe in the arse.
Just took a small position in July BP Puts. No real reason other than I’m pissed. Cardinal sin…trading emotionally. Oh well, I can do that on occasion if I please.
Still cash heavy. Looking to short strong pops if they come, or ease into longs if there is another sharp leg to the downside.
Chillin’, for the most part, at the moment, just like you.
Obama should get communist and shit on those fuckers. If anyone deserved it, it is BP.
Then where would he go for campaign bucks? Besides, you don’t want to touch off a protectionist trade war like they did back in the early thirties with the Smoot.
That would really smoot the market.
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Sure we do. Why delay the inevitable?
We should seize all BP oilfields, as collateral against the fucking tragedy occurring in the Gulf.
Forget about free enterprise. This shit is a declaration of war.
As much as Obama admires Hugo Chavez, I can’t see him going this far.
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BTW: I haven’t heard your take on the little BP accident.
Let me guess: no biggie. “Part of business”?
Would you like my “take” on the Haitian earthquake as well?
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Let me guess, you’ve sold all your petrol sucking vehicles in protest and now moon about town in an engineless moped?
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Avoiding the question, aren’t you?
Only fight battles you can win
Not for those w. an appreciation for proper metaphor.
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Agreed, because so far he’s done jack shit. He will have to crawl before he can walk.
p.s. – If that oil touches the fine sands of the Emerald Coast in Destin, FL I’m goin’ postal.
You got a hella crib on Rosemary Beach?
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This market is both gay and dangerous.
interesting choice of words. Reminds me of the HBO show OZ, Adebisi and shit.
Oh, man. That scene where Adebisi takes on the two Italian guys and then rapes one of them.
Maybe instead of pointing his finger Obama at BP he can use it to shove up his ass further while Rome burns, sort of…
A series of explosions appears to have collapsed the seafloor and blown up the BOP at the well head. Oil and gas are billowing out of a depression in the seafloor where the BOP used to be at an exponentially greater rate than anything seen before.
Theory: The well consisted of the casing with the drill pipe inside it. The sand and rocks that turned the gusher into a giant sandblaster that blew out holes in the riser pipe at the kinks was coming from the walls of the well that the cement between the casing and the wall was supposed to protect. Therefore, the hole has been getting bigger and bigger and now it’s like a volcano vent with the piping inside it probably a twisted mess.
The relief wells can’t possibly stop this because anything they add will just be blown out of the volcano
ROFL!!
Epic disaster.
SEIZE THAT FUCKING WELL and INVADE ENGLAND FOR REPARATIONS!!!
Revolutionary War we had George Washington to lead us…now we have George Jefferson…
Go get my musket…..
DIG THAT FUCKER UP NOW!!!
OOOPS, I shot you in the face by accident. Sorry.
ROFLMAO!
Was it really that funny…really???
Yeah it was!
Were you talking to us or to you? Sounds like you might have been trying to convince yourself not to pull the trigger.