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Wax On, Wax Off: How Would Keith Richards Trade These Markets?
In the current insane trading world, where stocks all assets either higher or lower, with an implied correlation approaching all time records, i.e. Risk [ON|OFF], all illogically predicated by the Yen-Aussie carry trade, one may be tempted to ask, sufficiently illogically in keeping with the broader theme, how would Keith Richards would trade these markets. This is precisely the question posed by BNY ConvergEx' Nicholas Colas in his most recent Morning Market Briefing: "So what would Keith Richards make of today’s market? Well, if he compared it to something he knows a lot about – the chemistry needed in a great band – he would quickly surmise that he liked stocks about as much as the Sex Pistols. Which is to say not very much; his quotes on the founders of punk music are unprintable here. But what we think Keith would say about investments is something like, “That’s all wrong – everyone is playing the same notes. That’s for marching bands playing John Philip-freakin Sousa, not rock n roll.” (Insert trademark Keith Richards raspy slurring voice here.)"
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Is there a ledge beyond the edge? If there is, Keith will find it.
No, but there's a hedge :)
. . . from the bloke who admitted that he once tried to snort his old man's ashes.
;-)
REITs taking a tumble..
I trade these markets with a laugh track playing at all times.
I think he would say, "I don't want to be the bankers 'Beast of Burden' so 'Gimme Some Felter' as we fade away.
Keith's real business acumen lies in his ability to smell a rat - who's about to try and shaft/rip off/underpay the band or try to get them to agree on a deal they can only lose on.
Keith would smell a rat in this market and in pretty much every place the government is involved with the economy right now.
Keith would stay out of these markets. He's more of a landowner than securities investor anyway.
His other advice would probably be: smoke 'em if you got 'em!
If the Elliott Wave count of the S&P now being in wave "three of three" is correct, then Keith Richards would claim today is Ruby Tuesday. Let It Bleed!
Next are they going to poll the 'Jackass' crew on their stock picking rec's? Or maybe Lady GaGa...all makes as much sense as anything else.
Sent in an email to CNBC pleading for a laughtrack to be que'd after every commentator and guest finishes their comments. we'll see if they implement that idea. I think it would be the least they could do for the retail investing public.
I'm sure someone can do this on You Tube.
Where the hell is Nic Lenoir?
They should be asking Carly Simon, she is one smart investor just like so many others who are buying into this 100% honest and fair true value market. Oh... wait...
Carly Simon is pissed off at Kenneth Starr and with good reason. The singer claims she lost millions of dollars to the money manager to the stars and accused Ponzi schemer in an interview with the New York Observer.
www.businessinsider.com/singer-carly-simon-says-shes-lost-millions-of-dollars-to-fraudster-ken-starr-2010-6
I wanna know what Ozzy has to say about it. Hmmmmmm.....
"It's F***ing comical, isn't it! I I I I mean, it's like we're all F***ing flying high again, but, you know, it's L L Like we're goin off the f***ing rails man! It's crazy...."
The show has ended.
Hahahah...laughable that any organization would let a person under the influence of drugs and alcohol trade anything more than stories! Hahahaha...would mean that the people we leave in control of our markets have no control of themselves...Hahaha...everyone knows that companies hire traders that are in control and looking after our best interest...haha..uh,uh,uh...oops.
http://www.nytimes.com/2010/07/01/business/global/01oil.html
Sigh.
haha loved the link. was good for a laugh
Mr. Perkins joined a rehabilitation program last year and has stopped trading, the F.S.A. said.
Fixed that for ya's!
Perhaps Keith would say "I need a love to keep me happy. I need a love to keep me happy (baby.)" In fact he did go solo for a spell which really was a spectacular tour--but "the band" roped him back in which only goes to show that for some the last thing you want in life is to be a "team player." Just ask General Petraeus.
Saw him solo in 93 at the Orpheum in Vancouver. Fantastic.
How can I go forward when I don't know which way I am facing?
John Lennon
lol (ed. suggestion): that first sentence needs some help, a verb maybe. now you(plural) are the best TD^N. this is my humble TD contribution. and it is meant that way.
the NASA pro muslim/suing AZ rally is fading
Traders LOVE these markets. Early pop, go short, wait till 2-3, start buying back in...and off we go again. F'king prop desks are making a KILLING in these markets.
I'm zipping through the days at lightning speed.
Plug in, flush out and fire the fuckin' feed.
Heading for the overload,
Splattered on the dirty road,
Kick me like you've kicked before,
I can't even feel the pain no more.
"If you're going to kick authority in the teeth, you might as well use two feet."
Keith Richards
"How Would Keith Richards Trade These Markets?"
On heroine, eating a candy bar out of a groupie's vagina while listening to "Tumbling Dice"...
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