Thursday, July 26, 2007

Virtual Office, $10,418. Dow, -311.50, 13473.57.

Me, $5265 on 113,800 shares traded.
Misstrade, $4756 on 6700 shares traded.
Bubs, $265 on 2800 shares traded.
OBAT, $145 on 9000 shares traded.
Evolution, $30 on 68,400 shares traded.
Denarii, -$52 on 400 shares traded.

Not much really happened in the market today. It was a ho-hum, nothing doing summer trading day.


The market is currently like a binge-drinking drunkard swaying dangerously. No one has any idea what the heck is going to happen.

Mark Haines said at 10:00am that his technical indicators which are too "arcane" to explain to the common man told him that a bottom was in. Bob Pisani and Maria Bartiromo jumped around all day saying that everything was fine and that the "global story" is still intact.

Days like today expose the idiots like nothing else.

Please, stick to reporting guys. Your market commentary is woeful... I don't care how long they've been down on the floor. They haven't learned a damned thing. Or, perhaps they aren't there to educate people at all... they are there simply to cheerlead.

Who knows what will happen to the market? Nobody knows. Anything can happen. Should make for some fun in the coming days and weeks. I'm not saying that we're going to 5,000. I'm just saying you shouldn't be calling bottoms when you haven't a damn clue.

That is all. Now back to your regular programming.

P.S. The VO had another kick-ass day.


MIsstrade said...

Amen to bubblevision idiots. Why not "try" reporting and less opinions what you think the market will do Mr. Haines and Pisani?

Dinosaur Trader said...

Seriously. They're worthless.


Woodshedder said...

Congrats to both of you on a great day!

Dinosaur Trader said...


Thanks, man.

Nice exchange over on Danny's blog, btw. Funny stuff!