"So Sick of Complacence Now"

"Know thy Enemy" by Rage Against the Machine.
I've got no patience now. So sick of complacence now.

Boomboxes and Dictionaries

The Gaslight Anthem.

/I'm being stupid with forex.

Jerk Offs

Ben Stein is one of the bigger jerk-offs. (H/t xTrends)


Tool's Jerk-Off; "Maybe it takes longer to catch a total asshole."

Ignore the Stock Market?

Sometimes I think articles like this one from the WSJ hurt people. Yes, there is some truth to the statement: "The current volatility is less about fundamentals than forced selling." But, I personally believe it to be misleading. The fundamentals are terrible for many companies and for the US (and world, for that matter) economy as a whole. I have posted several things in the last week or two that point to this distressing fact, but the outrageous Debt to GDP ratio stands out most explicitly. When the author says, "Once everyone thinks it can only go down . . . it might go up" I cringe. In middle school, in high school, my teachers implied the stock market went in one, and only one direction over the long term: up. But, if you look around, it feels like we are economically stagnant, living in the 90's and (with a little imagination) the 00's.

PS: My opinion--don't get your information from cable television*. It's bullshit, nonsense, misleading, denial inducing, utter shit. Fuck, Winston had it better in 1984. Stay away from MSNBC with their decaboxs and the talking heads. You will save your sanity, and have time to dedicate to some actual study, not to mention, I have a feeling your account will not suffer nearly as much.

*yeah, I know the above article is from WSJ, and I enjoy the paper; it just reminds me a little of cable television.


Psycho Killer by Talking Heads

"Things have never been so swell / And I have never felt so well"

I posted about the margin call in the comment section of the post below. It was my fault for being too agressive and impatient. It was a painful fall, but I'm getting back up. I'll post more later.

Nothing's Wrong with Me

This shit is being held up by a thread.

PS: I'm tutoring Calculus and other math after I get out of class. Also, I have been writing so many essays I don't want to see another word. Really. But, soon, I will have far fewer excuses for not updating. Until then, enjoy the shitty music above and the lower stock prices below.

Coming Back to Life

Yesterday was not a terrible day. The markets stopped vomiting on my carpet. And it apologized for urinating all over the bathroom. Perhaps it will even help to clean up its mess before it heads off on another drunken fall.

In terms of stocks, I still like SOL, EGLE and INTC (up on IBM earnings). SOL is coming back to life. up 12% in the premarket. EGLE supposedly has a contract with shareholders to provide a consistent dividend. Right now that dividend is 20%+. While I do not own any EGLE, I'd purchase some if I had the money. I do own SOL--and if I had the money I would purchase more, especially while the Capitalist God himself has lost faith in the markets.

Oh, and futures point up. Though, I would be wary as the short selling ban on financials has been lifted.


God Am by Alice in Chains. Layne Staley's last show. Favorite line: "World dies, I still pay taxes."

Take care.

I don't mean to

I don't mean to blabber on and on and say that certain crap should happen, or shouldn't. Dinosaur Trader was right in saying that the volume was not nearly high enough for there to have been a capitulation on Monday. I mentioned that that may be an issue, but did not give it enough credit. Remember, I am not a seasoned investor. I am currently holding to two long positions in hopes that I do not have to sell for such a miserable loss. While the experienced traders have their downs, I'd still listen to them over myself. And, how I wished I had $25k to allow for day trading. With Zecco there's unlimited free trading for the month of October. At sogotrade you can get $1.50 trades and when you sign up you get 100 free (at least I did). The whole idea that day trading is more dangerous for someone with less than 25k than it is for someone with more than 25k is bogus. I'm sure there are all sorts of reasons that the SEC implemented the rule, but I know that there is lots of money to be made day trading this volatile market.

In any case, the Bullish Percent Index is further down. The percentage of stocks above their 10 and 30 week moving averages is down even more--to levels not seen since circa 2002. None of this means a guaranteed bounce is under way.

Like I have said before, use the above information at your own expense. Take care.


I love the caribou.

A Bank Failure on a Thursday?

Not to mention, the largest bank failure in history. And, no, it couldn't wait another day. [The chairwoman of the FDIC] said that the bank’s rapidly deteriorating condition prompted regulators to seize it Thursday, and not on a Friday as is typical for bank closures. Of course, there may be some ulterior motive. A failure of such magnitude might galvanize congress into passing a bailout bill despite citizen protest. While McCain is posing for photo ops and bailing out on Letterman (punny!), the Republicans in the House, led by McCain, are stalling by suggesting a different plan. Albeit, the plan the Democrats are discussing is supported not only by Paulson and Bernanke but by Bush himself. Senator Dodd commented on the newly suggested bill saying, "Instead of being a rescue plan for our economy it was a rescue plan for John McCain." McCain's alternative would allow Wall Street companies [to] purchase insurance on mortgage-backed securities. It also [would advocate] tax cuts and relaxed regulations. We all know that taxes and regulations got us into this mess; maybe we should listen to McCain. Then again, McCain has said that he does not understand the economy very well. And undecided voters are beginning to agree with him.


Sober, by Tool. So symbolic!

Armageddon Soon?

I don't think so. I haven't been sitting around the information tube all day, so I may be a little biased. I have been outside and things don't look that bad. Then again, I'm not an ex-hedge fund owner or one of the wealthiest men in America. Oh, and I have no affiliations with Goldman Sachs. So, like I said: I could be biased.

Why couldn't we just give him $50 billion a month? You know why? He doesn't want to be judged on performance. - Phil Grande

Have a good day. If things don't go so well, I'll see you down in Arizona Bay.

Pink Floyd's Animals (Pigs)

Does anyone think that Paulson will aim to please his friends at Goldman Sachs? wrap up the securities with a sweet rebate and sell them to those closest to him? Before you answer, remember that he is asking for protection from oversight and judicial prosecution.

PS: Pink Floyd's Animals is based in part on Animal Farm by George Orwell. Animal Farm is a brilliant allegory of Russia during the times of Lenin and Stalin. My favorite part, though, is how well it applies to United State's society: there will always be someone claiming what benefits him benefits you; that we are all equal, with the fine print reading: but some are more equal than others. And, there will always be someone who will try to take control through elocution, double-talk, and revisionism. Not to be too cynical or anything; I just enjoy sociology, psychology, government, etc, and these social manipulations are an indelible part of human life.

Good trading, cheers, and all that jazz.

Down in a hole

Well, I sold NOV and FCX this morning for a 11% and 6% profit. That doesn't come all that close to making up for my mistake yesterday (how could I lose faith in Paulson?), but it's a start. I bought some AAPL (140.68), C (19.78), GS (128.52), JPM (45.26), and LM (40.82). C is already up 6% while the rest have been up, but currently hold negligible gains or losses.

On a side note, I watched Wall Street yesterday.