Saturday, January 24, 2009

Bartiromo Interviews Prince Alwaleed

This is great.

(h/t "the Fly")

Meanwhile, a lone voice cries out that Dennis Kneale Is Not An Idiot.

8 comments:

Anonymous said...

Oh look, Dennis Kneale's boyfriend has blog.....how special!

Jack said...
This comment has been removed by the author.
Jack said...

"Anonymous"?? What the hell is that? Grow some balls man. Then give us some intelligent content.

What were you hoping to accomplish with your juvenile implication that Dennis or I are a couple of fuckturds? What are you looking for? A blog titled "Dennis Kneale Is Not a Faggot"? What a lame attempt at sarcasm.

Good God, man. Fire up your brain cells and give us something either humorous or informative.

Dinosaur Trader said...

Jack,

Look, I don't know how to break this to you, but on the Internets, questioning another man's sexual inclination is so common that it basically means, "Oh, nice blog you run there."

-DT

mdawsz said...

"what shit do I give?"

mdawsz said...

"I fingered a horse"

LMAO!

Jack said...

I see then. OK. Still, in my school the "Rump Ranger" accusation is reserved for your best friends, your drinkin' buddies, your bloggin' buddies, or people you don't like, not people you don't know. "Anonymous" is a punk-ass pussy.

DT, I'm intrigued by your blog and have proceeded to read it back for a few months. My hat's off to you for taking the time to post your trading diary. Its great stuff.

Viewing your varous positions through each day, I see you have gargantuan gonads. I don't. I don't day trade because I still have a decent paying full-time job (although who know for how long) and I try to keep my stress level low. I've been in all cash now for about a year. I took much of it out in Nov 2007, and the rest out in Feb 2008. I even borrowed as much as I could against my 401K to get it out.

And I won't get back in until I've seen 3 months or so of increased housing starts. The fizzled out rallies you see are not an indication that the market is holding. Kneale is half right when he says investors are afraid. They are afraid allright....afraid of missing the bottom....but not of the sky falling as he describes.

That's the reason for the upward blips, combined with people scrambling to cover their short positions.

But I don't care about missing the bottom. The market will continue to trend downward. And for passive long term investors like me, that means staying the hell out. There is NOTHING to cause the market to move back up expediently. There will be plenty of time to buy long. I'd rather miss the bottom by a bit and buy on the way back up.

Dinosaur Trader said...

Jack,

Glad you enjoy the blog even if I hate on your buddy now and then. I honestly keep CNBC off now during the day, so my posts about him have dwindled.

Congratulations on still being employed. That's something nowadays.

-DT