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This post got on my nerves too…
I second the “Enjoy the heat” comment. We all used to follow crappy advice and be absolutely clueless – I lost a whole semester’s worth of hay-bailing money doing it. (gotta pay to learn) Anywho, I expect better out of ZH than this.
What kind of person criticizes other people for being clueless and pretentious whilst sipping lattes in an LA Starbucks?
Who makes fun of blue-collar employees trying to invest what little money they have. Many people not only lost their jobs in this downturn, but were simultaneously forced to pull their savings in the worst bear market ever. Some value feeding their kids more than YTD returns. RT, your entire pre-fabricated, valueless California lifestyle is the result of blue-collar workers – those working towards a society where people could aspire to become something more than soulless, money-making machines (or robotraders if you will). Do you find pleasure in milking their investment accounts? When analyzing the sacrifices and investments of those who created the society you choose to indulge yourself in… well… your P/E is way overvalued.
In the time it took to write this blog, you could have helped out those uninformed investors with some serious financial advice (the kind I like to get from ZH – I don’t read b/c of these self-aggrandizing craptorials). Who finds pleasure in lamenting others instead of helping others? While you may be an awesome investor, you obviously have no clue about life. The idea behind investing is to have enough money to where your life doesn’t revolve around it – and in this respect, you are just as lost as those you wrote about. Somebody else put this better, though…
“You're not your job. You're not how much money you have in the bank. You're not the car you drive. You're not the contents of your wallet. You're not your fucking khakis. You're the all-singing, all-dancing crap of the world.”
I suspect that he is just generally fed up with seeing examples of the financial stupidity and ignorance that led us to this point and takes it out on what he perceived to be several members of the "never pay attention until it's too late" majority that allowed this to happen and, now, still don't insist that the greatest transfer (theft) of wealth in the history of mankind BY FAR isn't halted immediately. Instead, they're suckered into listening to exactly the same asshats who got them into the mess in the first place who are now bilking them out of their last few dollars through intentionally misinformed day trading now that the attention diverting bread and circuses have ended. Had you warned these new day traders about the coming storm before it actually occurred, I suspect they'd have just ignored you, grabbed a beer and turned on some Fox TeeVee entertainment. That's the problem, an ignorant majority who remain ignorant of reality through a combination of their own apathy and oligarchy-induced propaganda.
Okay, am I the only one that enjoys a later schadenfreude?
It reminds me of March 2000...
BUT, no problem 'it is different this time...'
Robo forgot the girls.
Actually reminds me of the fall of 2001 - typical post-bubble behavior, laid off dot-commers/mortgage brokers buying CSCO / WFC because it was once "worth" 80/40 a share.
Just before they went postal they were overheard quoting Dan Akroyd in Trading Places... " Let's kick some ass! "
yeah, sounds like me back at dot.com 1.0, 1.01 and 1.02.
Real education is always expensive.......seniors always laugh at the frosh.
Now I'm a senior, doin' a lot better.......
This isn't going to end well.
K... what LA Starbucks was that?
I x 2 your observations; the get rich by flipping RE scheme machine has moved into penny stocks.
..."when the shoe shine boy starts giving you stock tips its time to get out of the market"...
Many shoe-shine boys are shorting the market this time...what do I make of it? Stocks will keep melting higher?
At this point I would believe it, and we won't get a correction until equities are being traded in Ameros.
RT eats at Starbucks?! He's part of the system too!!!!!! But seriously, how long till this animal bites back? I feel like we are living day to day here, what's it gonna take to push it over..............or is it already and there's nothing to do?
While pretentious and sadly deluded contruction workers and skateboarders are fair game for skewering, I had assumed that most of the commenters on this blog fell into generally the same categories.
RECO that post.
Jesus, no wonder the market keeps going up. Assholes like this are shorting it. I guess GS needs their money
GS and Robo are stealing their lunch money.
great anecdotal stories robo...thanks again for your daily insights.
Yesterday I was at the Starbucks on Sepulveda Blvd. in El Segundo.
Today, I was in Starbucks at Hollywood Riviera in Redondo Beach.
let us the hunt - take Robo pix and sell them on craigslist, begin!!!
(just don't show up @ olympic & national :) )
However I must add this euphoria is mostly among 20 - 30's something. Older generation is not buying it.
Not so fast:
The 50-year-old from Naples, Fla., had limited investment knowledge but attended several seminars before starting to trade in May. So far, York said, she's up an average of 40% a month and is trading full time.
Sorry for the double post didn't see your comment otherwise I would have posted here.
Excellent marketing! Bring all the fools to the table with their last dollars remaining before we pull the plug and they are all burned alive.
Excellent marketing plan! Brilliantly executed!
Bring every single sucker to the table with their very last dollars in their pockets before we pull the plug and they all burn to death.
Should be a merry christmas.
You're a "floater" then?
What's wrong Robo, you don't go to 7th and Montana in Santa Monica? You don't like sipin' Joe with the stars?
it's really funny. I am one of the blue collar joke persons of whom you speak. Sorry but it's hard to tell the diff between you "experts" and we "six-packers". I read various blogs each day to help with my trades and there's an awful lot of moaners and groaners on them who don't seem to know what the f#%k they are doing, tho' they talk a great game with all their charts and wave theories. Whatever, you're all just a bunch of snobs anyway...but I am helped by reading, studying and compiling all the info you put out everyday. So thanks, snobs.
you obviously have no idea what you are doing. So just go Index.
yo ho ho and a bottle of rum!
Do you know what "talking your book" means?
uh...it essentially means you are spreading information that would help the positions you have in the market.
Exactly, but I don't think the guy you replied to gets that.
WOW-Someone touched a nerve.
I do know of what you speak...Stocktwits threatened to ban such perpetrator/manipulators just this afternoon. Me thinks you underestimate us, my friend! Trader/hairdressers rule!
Nice picture, is that where the beautiful people sit and talk about how vix lix dix?
U mean they sit around and talk about stock strategies, and the ecconomy... What a bunch of LOSERS!
Well, it's funny for me to read this article. I am a blue collar worker and I just came back a couple hours ago from a Forex trading class. The instructor suggested this site for articles and look what was the first thing that I found!!!!
Well I understand what you say and would appreciate any suggestion about a better idea to be a sucessful investor than to educate myself.
Thanks in advance
I made a few bucks trading FAZ (bought yesterday, sold on this morning's spike before it got wacked--almost 3% including AH from open or ~5% from high). I almost held it thinking that the news about maybe 1000 banks failing, FDIC broke, FED audit is end of world, etc. would have to drive the banks lower. Fortunately, I read ZH and know that any trade based on reality is doomed. Thanks TD.
Huge run on these today:
Can't believe I'm going to say this about any vehicle manufacturing company right now, but OSK is arguably justified. They are in like Flint.
Like "Flynn", from Joyce.
Flint, in relation to auto-making. My puns are questionable at best.
shorted OSK at the high, justified has nothing to do with this market...
Its not the Opium den - I call it the OBium den.
Excuse me, it's Owebium.
Or ah, Obiwan den.
Help us.You're our only hope.
I'd love to know how you have to look and what brand of t-shirts you need to wear to be considered a serious trader and not be laughed at by mr. robot trader
Serious Traders don't rent bandwidth from Starbucks.
What type of t-shirts do you wear robot trader?
I want to look like a real hotshot so I can laugh at people too
These "day traders" won't last long/ won't lose much before they slink off. When you're really broke, one down day is enough to wise you up.
Definitely a sign of the times though. God forbid anyone slog out an existence by going to work every day for 50 years and sticking some of the earnings into responsible investments.
No, we need to figure out the angle that will give us that whole lifetime of earnings RIGHT NOW, with as little work as possible!
"If my vapid skateboarding dope dealer is doing it, I can do it too!"
"Definitely a sign of the times though. God forbid anyone slog out an existence by going to work every day for 50 years and sticking some of the earnings into responsible investments."
you know if you gave that concept a catchy name ... maybe something like "buy and hold" it might catch on
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