Monthly Archives: July 2012

Downtime

In my last post, no, the one before that. I stated I’m getting out of playing with stocks. So far I have been able to stay clean for the past month. Trading is akin to gambling addiction.

In other news I saw a blurb of an article online stating that the old convention of having traders on the floor of one of the exchanges will be going away. I am surprised it didn’t go away sooner. The internet and technology has killed another set of jobs and we financed it. Soon enough with the development of what will be the next best thing to artificial intelligence we will all be out of a job. I stopped using automatic checkouts 2 years ago. If you replace low skill, low wage jobs with machines, what will the HS drop-outs have to do except lean on the system. Is that what we want? To replace people with machines, put them on public assistance and leave the burden of generating the money to a few? Smart people are stupid.

Reading an FT article today it appears the economy is not growing as much as it should be. People are not consuming as much as expected. Its in my opinion that the country is collectively emotionally depressed. In my opinion somewhat depressed people go out and buy food, drink, drugs or electronics to feel better. The severely depressed don’t leave their homes, they don’t go on dates, wash their cars, have dinner out, buy electronic gadgets,condoms, penicillin…. they don’t spend(if they have an income). The doom of the economic crisis, war, revolution, job security, government spying, erosion of civil liberties, celebrity deaths, everyday life and just plain bad news has sucked the mojo out of the people. We need some goos news, we need to get the peoples mojo going. YEAH BABY!! Unless this happens were going to see more angry depressed losers doing acts of violence to themselves and others. Get the low wage jobs back. Smash some of these computers. Give ore positive economic forecasts, and if you have nothing good to say shut up. Stop grabbing nuts at the airport so people can take trips and come here for vacation. Lets have some fun music like BeachBoys or bring back Disco. Get rid of sucky movies like Twilight, more movies like Airplane and Spaceballs. Cut out online dating and bring the hermits out of their houses and back into the economy. No more hermits, no more hermits, no more hermits……..

Doomsberg

If you didn’t know, my favorite website, second to facebook is Bloomberg. It’s akin to a reality show such as Jersey Shore, Housewives or Love and Hip Hop. There is a similar supply of orchestrated drama.

At 9am you may read there is a boom in homebuilding(housing starts) by 12pm there has been a fall in home sales. Or you may hear that the number of unemployment requests are down and later on there have been jobs growth on 7%. It’s as if the right hand doesn’t know what the left is doing.

I find it all entertaining until the the doom and gloom causes speculators to sell out stocks I own from under me.

I’m Cashing out

There is a annoying song. The singer keeps repeating the phrase “I’m cashing out”

I am somewhat following in his footsteps. After loosing 20% of my value investing in oil “I’m cashing out” The whole market seems to be going down the drain. I though that we were at the bottom but that was just a plateau. I wanted to ride out the storm but I am seeking a faster turnover than is needed to recover. To recover I would have to wait until the next election.

Barclay’s LIBOR scandal is still manifesting itself. The mainstream media has not yet taken to it, but when they do that’s when there will be shock to the market…..I’m on the phone typing so I’m not coherent…..Anyways, I am saying that to say this, GET OUT!!