I haven't been reading, I stopped trading two days ago, but days have been busier. I guess that answers it. Either way i certainly havne't read quite as much as I intended too. After all, I've got half the fucking trading/stock market section of the University City Public Library on my new bookshelf.
Eh, no mainstream news tickling my dopamine receivers I guess. But nonetheless, Mr. Hussein and Zuckerburg have crept back into my life. Further, I think the LASM is partially derived from the onslaught of completely depressing news that fills the headline boards on my favorite news sites.
LOL Sauce. This is the first paragraph of an article about CITI
The attorney general of New York, Andrew M. Cuomo, said on Friday that he would take legal action against Citigroup, which he said misled investors about the dangers of auction-rate securities and destroyed evidence that his office had requested as part of its investigation into the company’s sales practices.
3 months ago I would have read this, frowned, and thought about if this is what Dr. Byrns my ECON 101 prof meant by greedy captitalist pigs... Now I think, well damn, I guess the general public will never know that the sales and trading rooms of IB's everywhere are legal boiler rooms. Think of it this way, everyone always talks about buy side trading: "Buy AAPL, the iPhone 3G is going to blowup sales," "GOOG is growing faster than any company ever, buy now!!" First of all, anyone that talks about GOOG and AAPL and speculates about the stock market is about as trustworthy as your friendly neighborhood methhead. Second, the guys spreading this hype are elaborate salesmen-- paid-off promoters, analysts, and investors. They'll never try to advise you to sell GOOG because earnings didn't meet expectations. Short selling is too abstract for the average American. For every buyer out there, a seller must also exist. Thus when IB's invest in 300 million shares of VISA after listening to the promoters, analysts, and investors, and the deal goes sour, the shares can't just be dumped back in the market. It takes some convincing. It takes... a good salesmen. Don't blame CITI. Blame the buyers. The market operates on one principle: Caveat Emptor-Let the buyer beware.
I've decided I refuse to hear anymore about politics/political candidates untill after the election. Any attempt I make to hear about Bush only confirms my decision to award him the Douchebag of the Past 8 years award, and well.... I've written about Obamo way too much already.
Read previous posts on my award presentation, and Obama at my old blog. You will also find here, an explanation of the aforementioned acronym LASM--it's not a stock symbol... its a disease, and I suffer from it. Go to my website and click "About me" www.nlak.weebly.com
Things continue to be unsettling in America. The pace at which negative economic activity is breaking records is perhaps the worse but unequivocal to what it all stems from... LEVERAGE.
