Do not believe for a solitary moment the market will let you rest. Do not think you can go on vacation and not fall victim to extraordinary swings in your bullshit account value. Ever so quietly, CDS spreads have been widening for Ireland, Italy, Argentina, alongside a host of other third world countries. As the sense of recovery wanes, investors will continue to bug the fuck out, like Gremlins eating after midnight.
To counterbalance the pervasive and ever so cumbersome realities of “news,” markets are being buoyed by insidious governmental agencies, in order to keep the ball rolling downhill. Most money managers are willing to turn a blind eye to “news,” as long as valuations meet their criteria. You will find a much more objective group of managers in the hedge fund world. However, due to their over-cautiousness, most will underperform. For the first time in awhile, the advantage is in the court of the average retail investor.
Gone are the days when information was exclusive to a few fucktards on Wall Street. You no longer have to soil yourself when the markets nosedive 1,000 points inside of a short 30 minutes. Thanks to a myriad of leveraged ETF’s, you can execute short sales in a blink of an eye. If you have enough time and dedication, you can do better than the assholes who declare themselves “investment gurus” on the teevee and take your little bullshit Zeeco account and turn it into something meaningful. Naturally, being a proud member of The PPT will help a great deal.
If you are serious about making a living out of trading/investing, invest in your business. Do not get 2nd rate equipment and data resources. Do yourself a favor and buy the best, in order to get an edge. Wear a top hat to work, if it makes you feel better about yourself.
Bottom line: “Brilliant” money managers are bragging about 2% YTD gains. I piss on that and them. Do better and be sure to boast about your victories whenever the opportunity arises.
Top picks: VXX, TNA (go fish)
This pretty much sums up today’s market action
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