Why isn't anyone scared?

[ljyoung]

Quote from Bingoking:

Are you an investor or a trader?

Excellent questione, Bingodude. If one is a daytrader, could there be anything better than these past few days? If you're not a daytrader or worse you don't know what it is that you are doing in the market, then indeed it is bery, bery, scary. Obstinate swing traders might also find these past few days stimulating.

lj

 

[limbo]

Piezoe this is my first comment in many a year and let me tell u a quick story. A while back I met this fellow at a bar- he seemed to have $ but i noticed he was reticent to speak of the way in which he got rich. Finally several days later meeting him again I got his trust and he was involved in a boiler room thing. Hmm I was really curious so i said --dude listen i can sell really well--let me take a shot. Several weeks later I get a call come down to, I think Hanover SQuare, in NYC and check it out. OK--I follow instructions--It was early summer i believe and i see a bunch of people hanging out where i was--sure enough at 8am some kind of eurotrash shit head directs us all into this condo--quickly desks are set up and market tv is on loud. About nine people- all kinds- take out their cards and lists and start calling people--my interview guy never showed so the 2nd in command told me just to watch. Here's what I saw--the lists appeared to have names for easy marks-well tested I'm sure- -mostly midwest for sure--and ALMOST ALL ELDERLY FOLK for certain--I didn't have to ask why because I know the answer-- as do U. These people --hard working--were no match for these "smooth guys". I thought to myself--isn't that nice stealing from the lower middle class elderly--now I'm no angel my friend--this is for sure- but heisting the elderly was clearly not my bag--I detest the thought--although I'd rob u blind. Mr. X did call me on the Tel--"sorry i could not make it but u know what pitch me now-clearly a process he uses to test all new "sellers". I think I did a smashing job and he hired me--no- I never showed up. I went home feeling sick to my stomach-It's like deer hunting-give the deer a gun and I'm all for the sport. Think about it my friend.----limbo

 

[piezoe]

Limbo, what is there to say in response to your post, except perhaps "INDEED"?

Perhaps we fall into three catagories, those who consciously steal from the naive, those who subconsciously steal, and those who refuse to steal. I am a not too proud member of the most-populous central catagory. It is my hope that some day i will wake up and realize that enough is enough, and with little fanfare, reposition myself firmly in the last catagory.

So,
INDEED!

 

[erlewine]

I'm scared to be short the ES @ 1458

 

[stupididiot]

Quote from topdown:

The market doesn't scare me. Marsupials do.

If you had been a marsupial you wouldn't had to hide that watch, that uncomfortable piece of metal, up your ass for five years.

 

[stupididiot]

Quote from piezoe:

Scared? Are you joking? I love these markets, both as a trader (especially as a trader) AND as an investor. I've been in cash since the market hit 1540 the first time while waiting for the carry-trade-real- estate-credit-crunch-Greenspan-dollar-George-Bush-"Bring'em-On"-Idiot--President disaster to hit to create investment opportunity. It's definitely not time to rush back into the market as an investor, but we will get to that point someday, and i'll be there, in the meantime i'll take it to the bank on the way down. So thank you Mr. Greenspan and thank you Mr. Bush, even though you've just screwed over mom and pop's 401K, because you've made me a lot of money this week and created a lot of opportunity to make more money in the future. (Or course i'm overlooking the fact that the Bush dollars i'll be making will be largely worthless. It costs one hell of a lot of money to kill people these days!)

You mention Bush 3 or 4 times in a trading forum. You got a chubby for 'em or what?

 

[topdown]

Quote from stupididiot:

If you had been a marsupial you wouldn't had to hide that watch, that uncomfortable piece of metal, up your ass for five years.

LOL - I'm glad somebody finally got it.