iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,414 Blog Posts

Late Night Stupidity

China Life [[LFC]] takes the wonderful premiums from their core business and invests them in the stock market. Can you say “moral hazard”?

With the Shanghai down more than 30%, year to date, something tells me the fuckers from LFC have some rough sledding ahead.

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31 comments

  1. bankable

    Late night? What are you 13? What time do you go to bed?

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  2. The Fly

    Fuck you, I live in Zimbabwe.

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  3. The Fly

    BTW:

    I never sleep.

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  4. Woodshedder

    He doesn’t. I can attest. I got an email from him last night, at 3:03 a.m. I responded (I don’t sleep much either). He emailed back but I was already asleep.

    Either he doesn’t sleep, or he has a California King in his office surrounded by monitors, and catches naps throughout the day.

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  5. Bear Killa Ben

    I haven’t slept since the credit crisis began.

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  6. TraderCaddy

    It could be worse. LFC could be invested in the Tibet Stock Exchange which of course would mean that Mao’s Party would confiscate the assets of LFC.

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  7. alphadawgg

    He must drink Monsters around the clock during the week. Then on Saturdays, he goes into a coma.

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  8. Cajun

    Don’t let him fool you, of course he sleeps, probably more than you, but when you have a time machine you can do all sorts of crazy shit.

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  9. TraderCaddy

    Saturdays are for giving the time machine an oil change and lube.

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  10. calvino

    Friggin insomniacs.

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  11. JakeGint

    Fuck you, I live in Zimbabwe.

    Has Brooklyn gotten that bad?

    _________________

    He must drink Monsters around the clock during the week. Then on Saturdays, he goes into a coma.

    This is a creditable analogy to my life.

    Save I drink hot hot black black cawfee instead of this junior grade sugary rotgut.

    Have three plus (I have four) kids, and you too can experience this zombification.

    It helps if you are an “owl.”

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  12. JakeGint

    Note, he does not post before eleven.

    “Owlish” behaviour. (sic)

    _____________

    W/ regard to the actual substance of this post… all US insurance companies have equity exposure as well. Why is this a big deal?

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  13. The Fly

    Liar.

    I post whenever I want to.

    After dropping off the kids in the morning, I have fucking work to do—if you do not mind.

    Regards,

    Fly

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  14. boca

    My guess is a high percentage of stock traders have ADD and periodic insomnia. I have both.

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  15. BOOMER

    HOT HOT COFFEE!

    http://www.joetheartofcoffee.com/

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  16. The Zombie

    The Fly is God

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  17. boca

    I’m addicted to coffee.

    Well, look who came out late at night. How’ve you been Zombie?

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  18. BOOMER

    HOT HOT COFFEE!

    http://tridentcafe.com/

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  19. BOOMER

    HOT HOT COFFEE!

    http://www.bongojava.com/fido.html

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  20. BOOMER

    HAUTE HAUTE COFFEE!

    http://www.illyusa.com/

    and

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  21. Ferrari321

    Hey Fly — thinking of adding more to your SMN position? … looks like that chart is closing in on some near term support

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  22. Leonard The Monkey

    Fly’s hometown theme song!

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  23. JakeGint

    I drop the kids off at 7:50, and I’m in the office at 8:15 give or take a stop at the hot hot cawfee shoppe with the hot hot Bohemian babe baristas.

    I generally review the market at that point.

    (Good time to share w/ friends, I find)

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  24. JakeGint

    Boomer, I’m disgusted by your video.

    Is that cawfee, or some sort of potato leek soup?

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  25. JakeGint

    Leonard, it’s a shame.

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  26. BOOMER

    I like potato leek soup too.

    and…

    DOH!

    http://www.ft.com/cms/s/0/a5bb2302-fad7-11dc-aa46-000077b07658.html

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  27. nncoco

    “My guess is a high percentage of stock traders have ADD and periodic insomnia. I have both.”

    Sounds about right.

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  28. DPeezy

    Stay up late, sleep 4 hours, wake up early, check stocks, go to work (8+ hours), go to the gym/play sports, dinner, stocks, etc.

    Brought to you by the goodness of Java Monster.

    You should try it Jake. Might make you less…’bitter’.

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  29. JakeGint

    Peez,

    I was born this way. There’s no avoiding it.

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  30. larry

    Alias: BPOE

    I have ADD,High IQ,fight the erge to be a Quant. I can think at 5 levels at one time and I let my dog Buddy pick stocks from time to time.
    What the fuck!! Who needs sleep!!!

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  31. alphadawgg

    ADD?…we all have something in common then.

    I knew hyperfocusing on this blog would not help my condition any.

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