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Friday Farce: 16 Year Old Outperforms 99% Of Hedge Funds: "Oh My Gosh, That's So Easy, I Have To Do This"
Forget Ackman, Einhorn, Bass, And Hendry. There is only one name in the world of equity market performance in 2012 - Rachel Fox, of 'Desperate Housewives' fame. With a 30%-plus performance, the day-trading debutante has turned from actress to activist as she day-trades her way through the day. The 16-year-old actress who made 338 trades last year, based mostly on technicals, ""...fell in love with the idea and the concept of being able to just buy something, have it go up, or have it go down, depending on which way you bet it and have it make you money. I thought, oh, my, gosh, that's amazing, and so easy, I have to do this." If ever there was a sign of the extreme bubble that central planning has re-created for us - it has to be this. Her advice: "you have to really just trade on your own instincts and not just be like, oh, this person says this is great, let me just go for it." LOL, OMG, IKR ;-( Our advice: next time readers are discussing stock tips with a random employee of Hustler Club, Scores or Spearmint Rhino - don't just stare, listen! Said 'random employee' is almost certainly outpeforming the "smart money", and the broader market, by a wide margin. Thank you Ben.
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If she likes things that go up and down here I am.
http://cdn.ebaumsworld.com/mediaFiles/picture/431147/755084.png
rolmao, that was good.
CNBC labeled her an "actor". Is it a shemale? Usually they are called "actresses".
.. flip that house.
Nice to finally put a face to the Squeeky Fromm moniker.
Even a broken clock is right twice a day!
"depending on which way you bet"
Ain't that the truth.
She'll "re-invest" away every BernankBuck of paper "profit" she makes and dig deeper into her reserve fund before "the markets" are done with her.
Just like the Mrs. Watanabes. Poor Mrs. Watanabes, remember them? Send them rice, soup and socks. Taro Aso bankrupted their asses with one cold handed bitchslap from high above (Department of Whoops: Yen Weakens 'More Than Intended'). That's "the market" for ya':
'Mrs. Watanabes' Blamed for Yen Surge - WSJ.com online.wsj.com/.../SB1000142405274870338790457627906160250...
Apr 24, 2011 – Bank of Japan Gov. Masaaki Shirakawa said it was moves by small Japanese investors—the Mrs. Watanabes—that propelled the yen to an all time high...
Stock trading has always been a game largely of chance, countless studies have shown this. Your investment advisor wins either way on commission but the actual "skill" involved is negligible.
As the guy from Blackrock said, 'markets like totalitarianism.' Why? Because these guys need predictable markets to ensure predictable returns, just like Rachel Fox.
A funny article about this http://www.businessinsider.com/daniel-kahneman-on-wealth-management-2012-12
Funny, that everyone is believing her story...
Top is IN! DING DING DING DING!
I'd definitely hit it and 16 is legal in a lot of states
aw c'mon Trav, wouldn't you rather fuck Ina Drew?
you could spank her and say
"who's your daddy BITCH!"
MUCH MORE SATISFYING THAN A 16 YEAR OLD
no doubt, unless she is an algo.
Well, a robot could deliver a more convincing performance on TV.
I know nothing about any of her other performances (e.g. spearmint rhino, etc)
Does she shine shoes too?
Long past time to get out when she generates the credibility to be quoted.
She learned how to do it from Lenny Dykstra. Sure they're both dumb as a bag of hammers, but she's at least easy on the eyes. I'll go long in my portfolio with her any day.
Maybe she reads ZeroHedge...?
and she'll still be making money even when she's losing her shirt!
Future Fast Money co-anchor.
Not anymore. To be politically correct, they are now called actors, but they have their own seperate catagory when it comes to awards.
Really don't want to sound like that cunt that writes verbose responses and corrects everybody on this site. And certinaly don't wish to rush to CNBC defense, but 'Actor' is in fact correct, in the same way you wouldn't refer to a female author as an authoress... Either way I wouldn't put this bird in either category of the definition.
if you said so, then what's the word "actress" for?
Best actor, best actress or just best actors?
They are both correct. Depends how anal you want to be.
Whatever she is, Dirty Uncle Ben's liquidity injection seemed to make her really happy.
"Is it a shemale?"
it made 338 trans actions last year, nudge nudge
Uh, no. Gentlemen, we're out of our league -- just tip-toe away slowly and quietly:
Another Disney hatchling ....
http://ia.media-imdb.com/images/M/MV5BMTg2NjM0NDk1Nl5BMl5BanBnXkFtZTcwOT...
Not anymore, dude. "Actress" is just as sexist as "Stewardess". They're all "Actors" now. Try to keep up on the PC...
CNBC .... their version of calling a market top by interviewing lowlife amateurs like Fox
Not so fast... only when half the high school kids in country have stock trading apps on their iPhone would I call it.
Wait until you see "Stock Traders in the 21st Century" and a picture of a local high school on the cover of Time.
So we have our own shoeshine boy moment. When is the "stocks have reached a permanently high plateu" moment?
Now. Eighteen months after the "gold has reached a permanently high plateau" moment.
Rachel Fox and Warren Buffet: both makin' it rain!
http://www.tmz.com/2013/01/27/warren-buffett-make-it-rain-dc-video/
trust me. it's going to ten.
And if you live in France: http://www.twistmagazine.com/Rfox.jpg
(US readers, please bookmark and wait two years before clicking.)
E-trade baby eat your heart out.
A close friend of mine "day traded" during the tech bubble run up. In 2002, he was forced out of his house, lost his vehicles, and moved his wife and kids back in to live with grandma and grandpa.
Gambling is gambling. It always starts out "like so cool", but ends in reality.
she talks more sense than most money managers. the game is not that hard to understand. keep it simple and stay on ben's side of the trade. why would anyone ever pay for money management? she proves a 16 year can learn whats going on in a short time period.
You could say the same thing about the craps table in vegas, and there you get better odds.
and free beer
I drank that free beer and paid a heavy price...
We understand why Ben likes her...
We all seem to like the far right side of a normal distribution curve.
Nothing wrong with a couple perky bubbles in the stock market.
She's smarter than most money managers. Why? She actually said a thing about "shorting" and "selling" stocks. The only 2 words that seem to exist in everyone else's lexicon are "buy" and "hold".
She makes mistakes and learns from them. Props to her.
I thought it was easy when I first started trading. I made a 600% return on my money in about a month playing with options. Ones month after that, I was back where I started, also from playing with options. I hung it up after that. Nobody needs that kind of stress.
My one and only foray into trading was early 2009. Dropped $3000 into an account and checked it multiple times a day for a month. After 30 days got out and realized there were better ways to make $100.
There was a guy worth over 400 million dollars near where I live (he made his money manufacturing aviation parts and he was a great uncle of a friend of mine) who put into his will & trust documents that any of his 5 kids would be cut off and disinherited if they ever invested in or traded stocks, commodities or options.
He was very open about this and had maintained that he never personally saw a single one of his peers/friends/business partners (many of whom liked to "trade") make any money, let alone not lose money, doing so over the long run, and was 100% convinced "the markets" were a giant scam propped up by the financial sector that he believed owned Congress & the President.
In other words, he was a very wise man.
I am up ~ 400% in 2 days with my most recent options trade on an index
if you're up 400% in a couple of days then you have no money management in place and you are operarting a tiny dick account.
He's up 400% on the one trade. But how is the portfolio as a whole doing? And over what timeframe?
More importantly, does he know when to take his chips off the table and actually realize the gain?
When the shoe shine boy is giving stock tips its time to get the hell out of dodge
Warren Buffet was a newspaper delivery boy once upon a time. He was 12 years old. He wrote off his bicycle as a tax deduction and was already giving people tips back then.
Age might be correlated some of the time with brains, but not all the time.
"Do not bet anything you cannot afford to lose" as my father says.
Perfect definition of the Kelly number
..unless it's someone else's life - your leaders
My son comes to me in 1999-2000 somewhere in there - for money to open a brokerage account - he said the kids in the "dorm" were trading stocks and ..... making money
i sold out two weeks later 80% of what i owned based only on that
Just imagine a "discussion" between that bimbo and Nassim Nicholas Taleb.
He might have something to say about "luck!!!"
Not to be so suspicious but any reason why she didn't name drop the deflowering experience that hurt? Could there be doubt on her part that she acted on some inside info that didn't work out? Certainly she couldn't have forgotten her very first time
"close friend " = you ???
So first she says she doesn't trade stocks like AAPL because they are "always being talked about" and have a lot of [evil] speculators.
Yet she continues on and later says she trades FB...a stock that (in her own words) is "always being talked about" and "has a lot of speculators."
Genius.
BAH BAH Hear that? It's her talking more.
No wonder real jobs are disappearing...coz bimbos and clueless joes are leaving the workforce to fuckin trade in this NO LOSE if YOURE LONG market.
Overfed:
The best Chris Hansen moment was when he was with the police following a "bait car" that the cops use to catch car thieves in the act. They either leave it running or with the keys in the ignition. The cops follow the thief for a few blocks, then remotely disable the engine and lock the doors.
Anyhow, this one thief is carted out of the vehicle, cuffed, and then Chris Hansen starts asking him about why he stole the car.
This guy starts freaking out and says something to the effect of “I steal cars!! I never touched no kids!!!”
Funniest shit eva
Possibly the finest comment ever on Zerohedge.
"Go directly to jail, do not pass go, do not collect $200" [][][][]
things that go up and down is what makes the world go round
Just like the flipping craze back 5 years ago, I totally agree when people like her come out and expose how good she is doing (at 16 yfears old) in the market. It's up there with the cab driver giving you stock tips.
Fox in the Ben house?
OMG OMG the dow is my new BFF
LOL
Does the fact that I don't know what BFF means make me old?
forever
4EVR
fixed it for you
Don't forget the mom who used this weird trick to make $247 per hour online ... in her spare time.
BFF
bens fcking fiat...
Ringin the bell at the top... Too bad she's too young to have never had the opportunity to make an appearance on Rukeyser...
I used to have a crush on Allison Deans.
doh!
~~~
I guess that's no worse than anyone... BACK IN THE DAY... Who had a crush on 'The Money Honey' [who later became the 'Money 2 Tons o' Funny']...
Say what you want, but she sounds a hell of a lot more intelligent, and has better performance, than 99% of the people who give their "predictions" on CNBC.
I was thinking the same thing so I gave you a greenie!
She's got parents who aren't stupid, she isn't stupid, she lost on her first trade (pain is a great teacher) so she probably has as good a chance as anyone to survive the lunacy that is her country now.
I wish her the best.
She obviously has parents who have experience in stock trading and she's the right age to soak up all the knowledge in ways a 21 year old just can't.
My daughter when she was nine years old outperformed 99% of hedge fund managers. Or was that her paintings got more money than 99% of modern artists' work? Wait, wait, I know! Both!
My daughter's net worth has exceeded Donald Trump's several times in her life so far...
That's because she didn't borrow any money... ;)
I think I just had a premature capitulation!
"You know it's time to sell when shoeshine boys give you stock tips." Close enough...
yep, especially when they say something like this:
"oh, my, gosh, that's amazing, and so easy, I have to do this."
She can guest host Cramer's show when he takes the family down to Boca
Sign of a "market top'.
Then again, my teens know a fucking lot more about equities than any dick eating stupid ass fucking hedge fund asshole
This shit is so laughable, it brings tears to my eyes. That $85 billion put must have a 1/2 life?
Back in 2005 every pecker headed real-estate agent(former cab driver) was trying to sell me a house.
I'm having "deja vu" big time!
Facebook can now become a discount broker.
Don't laugh, I think he threw that out with shareholders, along with competing with ZNGA for online poker.
Meanwhile... ZH totally drops the ball on the Christopher Dorner story.
Did they catch him yet? I swear, i try to assume everyone i talk to on the internet is that guy.
Who cares about Dorner? It will be a non-event and his leftist views will be diminished so that no matter who did what to whom, it's all Bush's fault so repeal the Bill of the Rights!!
Piu! Piu! Heh heh heh heh!.... ahhh, fuck you Jon Stewart.
Unless, of course, he manages to make a significant dent in LAPD's payroll expenses, as per his manifesto.
I don't think that even MSNBC could ignore a cop SERIAL killer.
So I saw her on TV and then went to her Twitter page. She made a 'tweet' on Microsoft, but she was still on the air when it was made. I wonder if that is really her doing the tweeting.
Tweets are delayed when you're on CNBS. It's like delayed gwatification.
Algorithmic Tweeting?
Shes probably using bufferapp.com to buffer her tweets
Christ almighty... Is it Arpil Fools?
Christ....Nails Lenny dykstra had 149 trades without a loss.......beat that bitch!!!!! lol
Ya sure that wasn't 149 games without a hit?
Check out his postseason stats. Nails was one of the best "big game" players EVER.
Trading stocks, not so much.
149 days without taking that plug out of his cheek?
Great article. Thanks! Financial advisers are one profession where no matter what the results, you still are handed a commission by your Muppets.
Used to be Bellhops and shoeshine boys,now it's an "actress",if ever we needed confirmation we are in a good old traditional bubble there it is. Everyone is expecting the indices to reverse at the old highs,but Bernanke and the banks know this,the mother of all ramp jobs is coming to blast them thru the old highs,expect Bernanke to win as always.
"I thought, oh, my, gosh, that's amazing, and so easy, I have to do this."
This commercial was brought to you by B.Shalom.B.
Ask your broker if equities are the right thing for you. May cause irrational exuberance and wild animal spirits.
Conditions apply.
she makes more sense than 99% of the douche bags on CNBC and is another shining example of why paying money managers is a fucking joke
Boy do I feel incompetent now, damn kids.
On the bright side, I've never watched that show.
Soon everyone in America will be daytraders because there will be no other jobs. United States of Alpha.
Alpha bitchez in high heels ... can you say 'high maintenance'?
Awww, almost. you should have said 'high maintenance fees'
She will bet he featured speaker at this years "seeking alpha" cnbc conference. she will follow in turbo timmies foot-steps.
I smell an appointment to a "think tank" coming her way.....or an appointement to a strippers pole. Hell the later is more respectable.
here's the first clue: Rachel Fox actor...obviously he/she is a plant from one of the brokerage houses frantically seeking fresh meat...
OMG, is this propaganda to get younger people in the stock market?
Start em young. Be teaching it in first grade in a couple of years...
Wealthy people start training their children earlier than first grade. Yup, start em young.
or maybe older people ....
Hey look, it's so easy a 16 year old can do it.
She knows the price of everything and the value of nothing.
Bubble Bernanke and the Fed with all their excessive money made it so easy a monkey can make money in this market. Buy on the dips.
It will be amusing to see how Bubble Bernanke and the Fed squirms when all those dollars from overseas comes rushing in and drives up inflation well beyond their BS ability.
Market top.
Nothing better than being sixteen--best wishes, Rachel. Don't watch CNBC, unless you turn off the volume.
Yes bubble incidators-teenager day traders, illegal alien nanny home speculators and last but not least the mega rich gold bugs
The "We Buy Houses" signs have suddenly popped up again in my neighborhood.
any sign twirlers yet?
http://www.youtube.com/watch?v=s85N6GJ1sT8
This could be made into an e-trade commercial.
'investing in this market is like switching to geico. It's so easy, even a cavegirl can do it'
So on CNBC they're talking about this storm moving stocks and the market in the next three days.
Um...is this what we are down to? Ben Bernanke and storms?
What about employment?
What about sound money?
What about rights?
But those things are like... so boring...
id fuck the shit out of her.
But would she enjoy it? You are a pig.
She is an actor. I would not be surprise to learn she is being paid to say that in order to get mom and pop back in the market.
EDIT: Comming to an ad near you: George Cloony "I trade stocks....and Im an average guy..."
“When the music stops, in terms of BTFD, things will be complicated. But as long as the music is playing, you’ve got to shut up and BTMFD. We’re still BTFDing”
I want her audited TONIGHT
She's aready pumping.A future CNBS Fast money expert. Just like all the rest of the CNBS pumpers.
Fast Money was good for about the first year. Jeff Macke still rocks! Still don't mind Finerman though.
Surprised she didn't mention the importance of a very well paid "part time" job schedule to provide a bit of security in case a person ever experiences a bad run of trades.
That cinches it for me, though. Fuck my current job. I'm going to become a day-trading teevee personality.
Here comes the Friday ramp. I hedged gbp/jpy(long) against my aud/jpy(short) positions. Like a fucking glove!
Now I'm going to puke my humanity out!
Using the financial markets like a true Capitalist! Congratulations!
True Realist, I also bought some more platinum and silver (physical). If you look at the DXY it blew through the 80 resistance, yet metals went down.
I didn't down vote you on this or the other thread, because you should be commended for coming to Z/H and sharing your concerns. ( have a good weekend)
She obviously didnt invest in the mining sector.
... Should a guy lighten up on Bre-Ex or do you think it's still a hold?
CNBC reporting 20%-30% rise in home equity loans through the TBTF banks.
LOL!
Oh, this recovery is great, no second housing bubble, no FED bubble, the U.S.S.A. is back baby! Yeah!
(/sarc)
This proves Bernanke has created a permanently higher plateau.
Truth in Sunshine. You did a fantastic job, pertaining to your post about Mrs. Watanabe. Well done +1
Albiet you are one of the best posters on Z/H.
Yen, thanks, but I've been here for two years and have seen a cargo truck full of people as intelligent or far more so than I.
One thing I didn't ever expect to see was a 20% depreciation in the yen in just a matter of weeks. If one considers the slow and steady APPRECIATION of the yen relative to most foreign currencies over the last decade, even while Japan has been printing and indebting itself like a Krugman-run fiefdom, it's bewildering to those of us who've seen this take place so suddenly on nothing more than a change in the Prime Minister and more aggressive jawboning by the finance minister.
As I mentioned regarding a prior article, the yen carry trade was one of the main pillars of international finance over the last 7 to 10 years.
It's all rather spectacular.
Let's see how the little trollop does in a flat market or a surprise bear market. The smile will be wiped off her face.
She can certainly come and "hedge my bet"