Tuesday, October 14, 2008

Nice & Smooth, "Cake & Eat It Too"

WTF? Are you guys trying to ruin my blog with this shit?

The RO Report, "Awesome Giveback" Edition

Early on, the RO was banking coin, making jokes, and having lots of fun. Between 2:45 and 3:40 however, we took massive pain and gave back a good portion of the day's gains.

Fights broke out, friendships were ruined, and a new trader, we'll call him "Trader 8" was sacrificed in a ritualistic killing involving a sexual act known as the "Angry George."

Don't even bother looking it up in the Urban Dictionary...

Anyway, it was a bruising experience. Many of us had nice gains on the day and gave them all away.

"Trader D" avoided the carnage by staying independent, and going against what the conventional wisdom of the office dictated... that we were going to bleed into the close. He sprayed, and now I have to post his bullshit music.

After the last two days, I'm shot. So let's just get to the numbers...

Out of 27 traders today, 12 finished gross positive, or 44%. While the top 8 traders all made over $2,000 gross, the bottom 8 lost over $2,000 gross, so it was a mess. I gave back nearly all my gains on the day and finished #10 in the office.

Given my stupidity, I'll take it.

"Trader D" kept the office in the green, so the Bosses get top billing.

Here are today's Bosses:

"Lucky Pierre" - Trader D, $37,754 on 497k shares traded.

2. Trader F, $19,478 on 182k shares traded.
3. Trader I, $5,747 on 102k shares traded.
4. Trader B, $4,653 on 778k shares traded.
5. Trader G, $4,515 on 50,700 shares traded.

And the Manservants:

"Chambermaid," - Trader C, -$14,343 on 216k shares traded.

2. Trader E, -$11,375 on 124k shares traded.
3. Trader N, -$4,022 on 34,700 shares traded.
4. Trader H, -$3,902 on 1,400 shares traded.
5. Trader V, -$3,165 on 68,534 shares traded.

October 20th Cover Of The New Yorker

Click this link to buy their current, "stock market themed" cover. Oh wait, I forgot, you have no money.

Art Cashin On The Daily Show

I hate to admit it, but Jorge was right... this was the better Daily Show clip from last night. Not only because it features Art Cashin (my hero) but also because it pokes fun at CNBC stupidity.

Goldman Injecting $2 billion Into Visa

You know, I saw this article a little over a week ago and I thought, "Well, that's the next shoe to drop," but with all the lunacy surrounding the market recently, I forgot about it.

But I just heard over the news wire that Goldman is injecting 2 billion into Visa.

Perhaps there is a shoe here, somewhere...

Great Depression Historian On The Daily Show

Oh, and the US is investing $250 billion into the banks and guaranteeing loans for the next 3 years. And the futures are ripping again.

Finally, here is a comparison of The Great Depression and The New Depression. One thing they left out... in The New Depression, the stock market rallies 1000 points.

Which ROer Do You Want To See Post To The Blog?

Just to fuck with my officemates, I've decided to apply a little pressure, Internet-style to get one of them to do a blog post.

So I'm starting a new poll... if you could read a guest post from one of these manly men, which would it be? Now, I'm limited in how many choices I can give, so I'll start with the ones who show up most often on the RO report. So, if you're dying to know more about Trader L, for example, you'll have to write him in...

You can vote for more than one trader... the poll is open for a week.

Go vote... this could start a good war.

NOTE: I offer no guarantees that I can actually get an RO to post. And even if I did succeed, the post would most likely be about Dirty Yeltsins or Sneaky Castros. In short, it's quite possible that the post would be unrelated to the stock market as most of the RO inhabitants are disturbed in significant ways.