Even though Europe was red, across the board, we are hanging in there, basically flat-lining. When I penned the title of this post, I intended this blog to be humorous, mocking the current rally and all of its mechanic glory. However, in the event some of you silly fuckers actually miss the deeply embedded sarcasm of my posts, know this: the fucking market is going to shit itself one day, then cliff-dive into a tall stack of lit dynamite sticks.
The way I see it, we have 100 points up and 900 down. If you like those odds, then have at it—fuckface— the market is all yours.
Should the market sling-shot to 13,000, I will not hate on it, like others. I will marvel at it and say “wow, that was fucked up.” But, I will not hate on it. My only beef is with the people who sit there, on my fucking teevee, or BLOGGING on the internets, trying to justify Dow 13,000. THERE CAN BE NO JUSTIFICATION for Dow 13,000, since it defies logic on a grand scale. But, once again, if it happens, it happens.
My job is not to hit homeruns. I am hired to bank coin. As such, I go about my investing differently than most of you. Don’t attempt to copy cat my moves, for they are tailored for space alien magicians only.
Thanks.
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fig
The trend is your friend.
Holy shit, I love that cartoon!
I bet Bernacke [sic] has himself a Gadget Copter by now, no?
Just own AAPL – robots have that going up 1.5% per day. Jesus Jobs will bail, no matter what.
It’s been a wonderful run in the market, but in no way does our economy justify this optimism. I run a mid sized architectural firm located in a southern state capital city. In 2009 our volume was cut in half, and in 2010 it will be cut in half again. Don’t even ask me about 2011, we probably won’t be here. Every pay day results in another person being terminated, and some of our employees have been with us for 20+ years. Before you say “tough shit, learn how to run a firm”, understand I’ve been doing this for thirty years, and pretty much “get it”. Our clients are 60% public, 40% private. Private is gone. Public is gone. No schools, university buildings, medical facilities, office building, restaurants, clubs, data centers, retail… all gone. I understand that architecture as a profession could disappear, and it wouldn’t even be a blip on the unemployment statistics, but consider this: Every building that we design results in engineers being employed, general contractors placed under contract, subcontractor put to work, suppliers brought on board, etc., etc. A typical 25 million dollar building ends up having several thousand people involved prior to occupancy. GONE.
We over leveraged the hell out of this country during the boom years, adding an unbelievable amount of debt to personal and corporate balance sheets. The answer so far by Washington is to say ” You think that’s a lot of debt, watch this!”
God bless the stock market, but the real world is at a standstill, and higher taxes, higher health costs, and higher unemployment compensation rates, are only going to stall any eventual recovery. I hope the market runs back to all time highs, but I wouldn’t bet the house on it.
Sorry to hear stuff that that Indy. Unfortunately, we can’t all be money changers.
We over leveraged the hell out of this country during the boom years, adding an unbelievable amount of debt to personal and corporate balance sheets
That would suck to be carrying personal debt in times like this. Best day of my life was when I paid off my last bit of personal debt. Or was it when my alma mater won the NCAA basketball championship? Maybe when the kids were born? Wedding day… naaaah, more like divorce date.
Oh well they were all great days… hard to rank ’em really.
Indy +1….just forwarded those words to friends…..have a good friend who is graduating in that field in 011….any advice?
My advise to him is this, do what you love. In 011 we may see some life, but I fully expect it to be a much smaller profession that it has been.
Second piece of advise, Hedge your longs (I am) and then ride the market till it cracks.
you should’ve become an engineer.
Good luck, sounds like tough sledding.
I’m an engineer with a prestigious degree and 15 years of experience. Been laid off 3 times in 3 years from 3 companies, due to massive loss of contracts (military products, medical devices, and consumer products, respectively). Last summer I flipped a house as a means to create income.
Right now, I have to compete with new grads for entry-level jobs at entry-level wages. Let me reiterate… there are NO JOBS for professionals right now, and even less for the rest. A guy at my previous company worked for a subsidiary of GS making a quarter mil, now he’s a temporary employee doing material purchasing for $55k.
Guess what. I’m retraining myself to trade equities and currencies in an effort to pay the mortgage. Now THAT is tough sledding, considering my well-heeled and experienced competition.
Btw, you go to some length there to obfuscate your place of employment…all the while you have it linked directly from your user name.
I don’t know much about the architecture industry and no doubt what you describe is systemic…but I do have a couple friends in the field (recent grads) who have just landed new jobs in “green”/sustainable architecture. Based on them, that sub-field seems to be dong just fine…
I know for us in the semi’s…things are looking up. M&A has picked up, fabs are full, and prices are improving.
I’m hopeful.
(Now watch me get canned in a month.)
Get your 40 points.
New ETF FRTY 2x Times daily yield of SPY 8 hour contracts!
Stocks are actually cheap if you compare them to…
Looks like we can all still pick up some TLT cheaply, today.
ROFL I LOVED INSPECTOR GADGET AS A KID.
Great pic to go along with the post. Brought back childhood memories.
I WANT MY 40 FUCKING POINTS
Be patient, you shall have it soon, as it is written in the new bible.
I’m getting nervous.
WHERE IS THE PPT???
Just 20 points away now…. time to start the countdown.
TIVO
http://ibankcoin.com/henry_fool/2010/03/30/tivo-to-30-says-who/
Indy,
Why do you think your profession will disappear?
I don’t think it will disappear, but do believe that it will shrink dramatically. IMO there will be less investment in bricks & mortar, both by local and state governments, as well as the private sector, for a sustained period of time. It will come back, but many firms will fold in the interim.
you in Raleigh NC?
Just asking b/c I’m a civil engineer from the Midwest working for a smaller firm(less than 100 employees). We had a decent ’09, due to in our opinion stimulus spending, or ObamaBucks as our firm likes to call them. This year has started out less than exciting from a revenue standpoint and needs to pick up…else consequences. Good luck to you and keep your head up…this coming from someone you probably don’t care for that much…referring to the oil and water relationship our professions seem to have 🙂
This excerpt is from:
http://bankstocks.com/ArticleViewer.aspx?ArticleID=6087&ArticleTypeID=2
Summary: Way too many branch banks, no more building
“Branch networks will be re-examined, and maybe re-thought. At the end of nearly a decade’s worth of overbuilding, the typical branch network isn’t the untarnished crown jewel of a retail bank that it once was. The number of branches has grown at twice the rate of the U.S. population over the last decade”
ya someday it will fall. Maybe this year, maybe next year, maybe the year after.
trading robots just blew a fuse, 10A and no one had a spare…..40 points will have to be postponed till tomorrow.
sorry for the inconvenience.
Dammit! Who forgot to feed the computer-powering hamsters in the basement?! Off with his head!
Thankfully, sold out of most financials yesterday and had some AAPL & SYNA around for today.
DPZ …. that SYNA = iPad or what?
Looks to be coming off a bottom … you got an intermediate target or just a swing trade for you?
The iPad is a nice catalyst I’m sure, but it’s just a quick-hitter for me. In @ $26, looking for $28.
No worries, we’ll get 70 tomorrow just to even things out a bit.
ROFL, catching up on your posts today:
Should the market sling-shot to 13,000, I will not hate on it, like others. I will marvel at it and say “wow, that was fucked up.” But, I will not hate on it.
Haha. After a long day of banking coin, there is nothing better than reviewing your posts & comments:
“Be patient, you shall have it soon, as it is written in the new bible.”
love it.