Why I LOVE My Stock Community

  • Posted by
  • on March 10th, 2008

From 1998-2005 I never left my desk or quote screen and never thought of a day that I could. Now I can’t imagine sitting at my desk when smart people are doing it for me…free.

I spent the day on the beach and at the pool in Miami. I stayed in touch through Twitter. The 83 people I follow supply more than enough global news and info about stuff that is relevant to me.

With MyTrade’s Twitter API I am pretty much set for stocks from the road.

I found out about Spitzer from Twitter. I quickly checked the New York Times and than waited for the jokes. Some classics started in. Andy, Pearlman, Fly, Dealbreaker and my Twitter Feed.

I emailed TraderMike about the T2108 chart he posts in messy markets and tonight he obliges with a great total market picture with commentary, charts etc … It’s really all I need.

I know FLY is watching Cramer, CNBC and Fast Money for me so I don’t need to get mad and yell at a television like the rest of the world and he will call a PUTZ a Fucktard so I don’t have to.

I am reminded tonight of the old kid’s line from the backseat…”Are We There Yet?”

In reality, I could care less about top and bottom calling with partner money as I have trained my partners that I won’t do it, but it feels like an event is upon us. For instance, FLY says Cramer is yelling that a depression is upon us. That’s rather insane giving the mobile world. Than again, the show is becoming the poster child for irresponsibilty.

Furthermore, from my quick glance at Trader Mike’s charts and a look at the VIX, we are closer to a washout than a top. I do think rallies will remain pathetic because of confidence. It is really shaken. Mood really matters occasionally and we are very angry. The last time America was this angry with the stockmarket, someone hired Eliot Spitzer. This time, he will fried or resign or just reduce the cost of porn (a small benefit).

The shorts are cocky (no pun intended) but not overly so and with respect to financial stocks, rightfully so.

I will continue to kick myself for not killing it to the shortside but continue to practice what I preach by honoring price and standing aside. Most investors should be doing the same.

Kiss your kids or your call girl ( I can’t resist).

UPDATE – Eddy has a chart that sums up why we are f#@ked right now . Something has to give.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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