Thursday, June 26, 2008

The Field, "Over The Ice"

Freaky video.

Virtual Office, $486. Dow, -358.41, 11,453.42.

Me, $253 on 15,000 shares traded.
OBAT, $159 on 6000 shares traded.
Tokyo, $110 on 8 shares traded.
Denarii, -$36 on 600 shares traded.

The market got smashed.

I have to say, I'm a little sick of making $200 a day. Worse, I can't afford to be making $200 a day for too much longer. Even worser, I'm not even averaging $200 a day... more like half that... almost. In general, it's the worstest ever.

Shoot me.

I called out a 9 point drop in MA today before it happened and took 50 cents. I'm pretty awful. It's a wonder I'm not panicking more... I must be in denial.

I may need to go back on hiatus soon. However, instead of letting the blog just die, I'll try and get someone from my office to contribute... I however, may need to just get back to focusing on trading again. I hate to do it, because I like to blog, but I'm fucking sick of being a mook.


Soundtrack To A Crash


This is even more depressing than my trading.

Couple this with their other ruling yesterday, and I have to say, I think our Supreme Court is a big scrotum.

The Trader's Edge With Art Cashin, June 26, 2008

Here's a brief paraphrase of what Art had to say today.

CNBC: The FED yesterday, GS today... do you see any silver linings?

Art: No. In fact, I'll bet the FED cuts before it raises this year.

CNBC: Wow... really?

Art: Well, I think GS is so convicted that there's gonna be some trouble and the rumor mongers are out again. And not just the in the financial companies but the automobile companies are in such trouble, that there's a rumor going around that one of them may be filing for chapter 11.

CNBC: We've heard that rumor too... sounds far fetched, no?

Art: Well, you never say never these days.

CNBC: Art will be guest hosting for 2 hours on Monday.

Art: TV is a vast wasteland.

The Daily Show Discusses the EPA's Report On Greenhouse Gases

"The White House Is Treating America's Environmental Policy Like A Spam Boner Pill Ad"