Here I am spending a thousand dollars per day, everyday, for the unforeseeable future, all the while some poor schlepp born into some obscure town in 0hio dies from starvation because all of the blue collared jobs have been sent abroad. Am I to feel guilty because my deck has been stacked into my favour? If so, do I deserve this minour success because my Father and Grandfather worked liked dogs, and died poor, just to put food on my table?
The truth is, life is random. Nothing is destined to be and everything is organized chaos. The same rules apply to the stock market. Why did APKT blast off two days ago, yet trade lower yesterday? YELP traded lower 9 consecutive days ahead of their lock-up period expiration and then positively annihilated short sellers on expiration day to the tune of +22%.
Tomorrow the Fed will reveal their plans and the market is going to respond. It is entirely possible the market will trade down or up, no matter what. If the Fed says no, markets may bounce because the Fed “may do QE later.” Or, the markets may trade lower on the announcement of QE because “the news is baked in and the Fed is acknowledging a structural problem with the US economy.”
The true value of a company can never be determined over a short period of time, same goes for the overall market. Just because the market sold off today doesn’t mean the bull run is over. Furthermore, in the event we trade +300 tomorrow, that will not guarantee higher prices one month from now.
As investors, we need to have convictions. Lukewarm doesn’t pay the bills. If you lack the backbone to bet big when it matters, you will never amount to anything in this business. Having said that, the POMO perversion does not appeal to me because of the headline risk aspect. Because of that, I’ve been forced to suspend core thesis trades in exchange for pussified neutrality. In the not so distant future, I will, once again, allocate resources into companies that I find to be inexpensive.
Once the fucking Bearded Clam is out of the way, I will be swinging clawhammers and heavy battle axes, randomly, at homeless men in wheeled chairs–adjacent to idle manholes.
40 Responses to PREPARE FOR EXTREME HORSESHIT
>spending a thousand dollars per day, everyday, for the unforeseeable future, all the while some poor schlepp born into some obscure town in 0hio dies from starvation because all of the blue collared jobs have been sent abroad.
Sadly, this is what Europe is like, unemployed sit at street corners, while the rich play.
Sounds like you might be talking to invisible people in chairs soon.
They are only invisible to those who cannot see them.
I don’t like to feed that ego but..I really like the way you write.Aggressive and informing and a enjoyable read always. Yeah that a good enough lathering!
I am highly skilled in the arts of communication.
IT is for statements like this that I am in the process of buying Wotif.com Holdings and then launching the “What The Fuck ETF (WFT). At this point it seems like not a lot makes sense but you have to trade not betting on sense. Chop-F’ing-Suey but the winner is the one that controls his risk.
The idiots at Weatherford take exception to your hijacking their ticker.
I for the first time in probably 8 years cant get comfortable with a single trade…..im just sitting motionless.
Thinking it should change next week, but not certain.
Sitting there motionless? Hell I bet you’re beating the majority that are getting chopped up. Some got nervous today and sold while others saw this as an opportune time to buy. No other job like it. Either way you’re saving mental capital.
I wouldn’t worry. In the long run, tomorrow’s trade means nothing, or a huge profit…
Honestly, I used to, silently and secretly, cower in fear at extreme media blowback. Now its just another form of entertainments
So I had BPT in some trust accounts and the thing started going down like crazy. It turns out some horseshit analysts made a present value calculation based on the idea there would be no oil in Alaska after 2023. I didn’t sell out, a lot of people probably did. This is random horseshit that you have to live with. Incorrect bullshit swings things and that swings it all the more when people react and get scared and react all the more.
Extreme randomness is highly correlated to inflection points. PEG ratios and historical cash flow vs ebita and cash flow yield compared to blah blah blah. Horseshit indeed.
I disagree, life is not random. It is cause & effect, Peer behind the curtain.
iow we must take responsibility for our selves and our world and not place that responsibility/blame on others, on imaginary beings or those currently in power.
Good comment, Juice.
Unless it’s bush, right? And the economy doesn’t crash until the dems sweep house and senate in 2007 and Barney Frank and Pelosi pass the others along with Freddie and Fannie which Bush since 2001 asked congress to stop because of financial risk, while then senator Obama took payoff from Fannie and Freddie and fought against reform that may have prevented the crisis. Then they passed a budget that involved too much spending. Spending skyrocketed as dems like Obama voted for a budget that led to a deficit, and Harry Douglas and Pelosi rejoiced in their ability to spend extreme horseshit cash.
The war was Bush’s fault. Economy is Obamas and the dems fault. Bush set record of 52 months of job growth… Then the dems came into power
Bottom line, when Bush took power the country was in decent shape. 8 years later, the country was in terrible shape.
Thank you republicans.
watching the RNC, CLINT was amazing and funny!
I’ve bet big with recent purcases of CLF, MCP, TCK, AAU, BAA, EXK, and DECK.
Now I’ll soon see if it really mattered!
Oh and I forgot to mention TC!!!
Funny how everyone sold off yesterday pre Bernank only to buy back in this morning pre Bernank.
Who would do that?
The smart money bought near the close yesterday. The question is…is the smart money selling before or after Bernank speaks!
I am… but I am not that smart…
mostly selling high beta though
extreme horse-shit is fun though…
it’s a bull market, you know….
I see the light since 2009 lol
LOL, there you are, partner!
cooking bear steaks this morning…
It’s this simple, (as long as you have learned to control that feeling of missing out), buy when fear is the greatest and sell “some” when greed is the worst. I enjoy reading Jim Cramer’s tweets because he has said it the best: It’s not about the U.S., it’s about Europe so stop spending so much time focusing on the Bernank.
trading pre-market today like a big boy lol
8:44 AM Thompson Creek Metals (TC) is upgraded to Buy from Hold with a $4 price target at Dahlman Rose. The firm says it has not ruled out further challenges as TC looks to ramp up Mt. Milligan, but it believes the company has adequate capital to complete the project, which should generate substantial profits in 2014. TC +4.8% premarket
“I am highly skilled in the arts of communication.”
Really? Some people here say the same thing about Cramer. And, I say, expletive deleted.
Loading up on VXX!!
I’m anticipating an initial drop in stocks and then a reversal after the Bernank.
Your anticipator is busted.
Not so fast!
The Bernanke Put!
100 point reversal in 15 minutes.
Totally bearish open.
I don’t see any Put….
Can only sit back and wait for PPT and other indicators to go oversold
Look carefully, can you see the Put now?
Wow, I cant believe how much the fed speech affected the stock market for those 5 minutes
A wise man once said, “the initial reaction to the Fed is usually a headfake”.