You chart chomping jackasses don’t stand a chance in this whipsaw market. You might as well give all of your money away to the homeless or kids with cancer now, before you lose that shit to some Goldman Sachs robot. It’s amazing to me that so many of you believe in technical analysis, as if it was some sort of religion. Do you know Santa Claus isn’t real? Are you aware to the fact that technical analysis was developed by people who had no market edge? It was developed by misfits, who were getting mugged by the markets daily, that tried to come up with some magic fairy dust, via charting stocks and indices by hand— every night for review.
The sad thing is, the very people who invented these indicators discarded them for the shit-heap, long ago. Yet, here you are EMBARRASSING yourselves daily, getting flattened out by rampaging gorillas.
On the other hand, I do believe in quantitative analysis, which contrary to what you may believe, is ENTIRELY different than drawing lines on charts or fucking around with idiot candlesticks—all subject to human error by faulty interpretation.
What needs to happen now is a full-fledged rout of the markets, in order to zero out some of the weaker players. All of you piker hedge fund managers, who made a nice bag of brick last year, are two trades away from being on the receiving end of mass redemptions. I will be more than happy to pick up your loss, AND MORE.
See folks, you can’t believe the charts. And, you can’t believe the fundamentals. The nice little earnings estimates that you have mapped out for BAC are worth less than an empty bottle of St. Ides.
I will tell you. Asset allocation models, risk analysis, proper research and game plan, catalyst driven events, on the ground research and the God given gift to make accurate financial decisions. People ask me: “Fly, how are you able to make so many accurate calls, all the time, over such a long period of time?” My answer, as always: “do you ask a bird why it is able to fly, or why hungry mountain lions, trapped inside gay bars, tend to lack proper bar etiquette?”
No, of course you don’t. There are no short cuts, ladies. This game was designed for the very best to succeed, not some dork trading 5 figs out of Mom’s basement. Now go back to watching the military channel and make believe you are some valiant war hero, instead of the pencil pushing dipshit that you are in real life.