Drano Posted May 3, 2007 Report Share Posted May 3, 2007 "DOW -- Best Winning Streak in 52 Years" Link to comment Share on other sites More sharing options...
mdporter Posted May 3, 2007 Report Share Posted May 3, 2007 Great rant Jimi! I agree with what you said 100%. After learning how the game is really played I shouldn't have paid off my debts, I should have declared BK then bought a house in 1998 using other people's money. Could have made 200% and sold out, or just handed back the keys if it didn't work out. Paying debts back is for losers like us. Declaring BK and walking away is what winners like Trump do. Amazingly the banks line up again for more of the same. Irresponsible? No problem. The government is there to bail you out. Link to comment Share on other sites More sharing options...
Drano Posted May 3, 2007 Report Share Posted May 3, 2007 Time to drown sorrows and get some sleep. Link to comment Share on other sites More sharing options...
Bungster Posted May 3, 2007 Report Share Posted May 3, 2007 Overseas markets are up almost without exception...UFB Link to comment Share on other sites More sharing options...
Drano Posted May 3, 2007 Report Share Posted May 3, 2007 Overseas markets are up almost without exception...UFB 580092[/snapback] Link to comment Share on other sites More sharing options...
beardrech Posted May 3, 2007 Report Share Posted May 3, 2007 ..down low! 580049[/snapback] This what happened to bandleader investor Lionel Hampton after going short atthe wrong time--- beardrech He was as dedicated to his instrument both body and soul Link to comment Share on other sites More sharing options...
Drano Posted May 3, 2007 Report Share Posted May 3, 2007 So Asia is up? We'll see if Europe is also Link to comment Share on other sites More sharing options...
beardrech Posted May 3, 2007 Report Share Posted May 3, 2007 shorty,The bear market is in the Airlines. Check out AMR. 580060[/snapback] IAM Fully acknowledging that Im no day trader you'll pardon me if I agree with you totally ---surely common sense,although driven into the darkest and dingiest of caves, is not completely lost.... If airlines transcend current tourist and energy problems (distributionlly speaking they might for a litte while) for any significant time period then one must fall to one's knees in despair.... Because fall they will Unless the private equity locusts seize rhe day beardrech Im very surprised by all of this Link to comment Share on other sites More sharing options...
beardrech Posted May 3, 2007 Report Share Posted May 3, 2007 I think bears are suffering from market fatigue, and bulls are too busy counting their profits. The market has been up 90% of the time for the past 5 weeks. What fun is that? 580063[/snapback] It's absolutely no fun. No fun, whatsoever. I hate these markets. Every morning, I wake up and watch the first 30 minutes of CNBS and just get sicker & sicker. Is Haines drunk? I don't effing know - but he's a cocky POS along with his wierd poodle sidekick - working some sort of sick bestial Electra thing, first thing in the morning - and that pea-brained Pissonme, who begins every paragraph with, "Look..." as if he's about to reveal something other than reliable inanities about what he's "hearing from traders on the floor." I hate it. There's obviously talent here that can game it long & short. I can't. And there's nothing more valuable than knowing one's limitations. So, 30 minutes a day, flip it on, be reassured that the BS continues unabated, go slave in the saltmines, come home, read about how longs made more effortless money in the markets again, read M2M and get reminded that I'm a stoopid bear, go to bed. Wash. Rinse. Repeat. It's been the same crap month after month after sullied month. There was hope a few months back, when things in Asia seemed to be coming unglued, and there was a whiff of global contagion. But then - "Psych!" - it's off to new all time highs (so long as you don't measure it in gold or oil or non-dollars or anything else that retains value). To top it all off, after having lived debt-free and financially responsibly all my life, and watching friends buy houses without jobs, and out-and-out lie on legal documents to take possession of 6-figure assets with no money down. Lo! And behold! The #*(^$#ing politicians are coming out of the woodwork to decry the lending practices that put these liars in apparant trouble. So, all sorts of BS proposals are being floated to offer these dickheads various workouts. Workouts?! On what basis?? On behalf of jackasses too lazy to read the freaking mortgage paperwork? Or, who were so-o-o-o certain that "real estate only goes up," that there was never any need to ask questions? So that a responsible renter like me can't buy their worthless note out at 50 cents on the dollar? I swear to god, if the impulse to bail out borrowers & lenders catches a tailwind, I will move every last living cent of my capital out of the United States of Socialistic State Planning and Moral Hazard, and its damned shrinking dollar, because the bailout will only serve as a harbinger of what is on deck in the form of the Mother of All Worthless Reckless Teat-Suckers - Baby Boomers who have done nothing to prepare to take care of themselves. They're like the gallstone of American generations. They simply cannot pass fast enough. Yup. No fun. No fun whatsoever. And no hope whatsoever.... Wait, what's that? "Wrong Way Ord" is closing shorts and going long, eh? Hmm... perhaps there's hope after all. 580074[/snapback] Jimi Just for the sake of argument lets stipulate that everything you say is %100 accurate: that the moronic inferno of this market reflects the Bullish crowd's capturing of the Open Sesame Shiboleth leading to perpetual prosperity. If this is true then all we have left to do is look heavenward and say thanks; that there is no need for us to work any more,but to just lay back and enjooy heaven's gift to us undeserving creatures.. If I am to prosper mightily no matter how deranged our culture becomes economically whats to complain about?..after all the miracle of modern planning entails universal entitlement...am I not also included in this organized state supported merriment? Isnt being an erroneous bear a cheap price to pay for perpetual prosperity ??? I for won would gladly give up any hope of being a succesful soothsayer But you know that as soon aas these pieties leave your brain and exit your mouth how deeply mired in cognitive mud they are...as foolish as perpetual motion machines which has been disproven in myriad ways are the above... beardrech Let them enjoy these primitive sentiments,these gifts from New Guinea always disappoint Link to comment Share on other sites More sharing options...
shorty Posted May 3, 2007 Report Share Posted May 3, 2007 no shares ENER avail to short Link to comment Share on other sites More sharing options...
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