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11/9/2011 4:10:14 PM

caught off guard today. did not have my trailing stops in, and was away from computer

11/9/2011 5:19:59 PM

^ picking up nickles infront of a steam roller eh? Untill europe is finished, be it entirely or the next round $$ printing there are few reasons to be long here.

11/9/2011 7:13:53 PM

Count me a contrarian but it wasn't like today was a high volume sell off.

11/9/2011 8:10:20 PM

Agreed on the low volume part, but Italian bonds just rose above 7 %, they have plenty of room to scream. (see greek bonds) Up here 1225 ish there is little panic, we are not trading on the lows so hard to expect a ton of volume.

11/9/2011 8:52:02 PM

Bought EDC yesterday at 17.70

just checked yahoo finance and saw it at 87.25

and started doing backflips in my head

then scanned lower and saw

"Direxion Reverse-Splits 6 ETFsIndexUniverse.com(Thu 10:03AM EST)"

under headlines.

11/10/2011 10:49:44 AM

I did the same thing with FAS.

Not that it matters as I sold calls on all of it.

11/10/2011 10:54:18 AM

Quote :

"Bought EDC yesterday at 17.70 just checked yahoo finance and saw it at 87.25 and started doing backflips in my head then scanned lower and saw "Direxion Reverse-Splits 6 ETFsIndexUniverse.com(Thu 10:03AM EST)" under headlines. "

ROFL Bobby thought all his prayers had been answered.

11/10/2011 12:14:28 PM

haha, no doubt.

I was really happy for about 4 seconds.

11/10/2011 2:24:58 PM

^ lol

tight trailing stop out of EDC today.

picking up some TYH as we speak..

11/10/2011 3:53:57 PM

Is anyone getting nervous yet? Things are getting really bad, the ponzi scheme has been outed now. We could see the Euro gone at literally any moment. On the edge of my seat.

11/14/2011 12:12:58 AM

European intervention half life now in minutes

11/14/2011 8:21:03 AM

i feel like I've been reading face's warnings for months now with none of his predictions coming true.

11/14/2011 9:06:08 AM

Quote :

"^ picking up nickles infront of a steam roller eh? Untill europe is finished, be it entirely or the next round $$ printing there are few reasons to be long here."

lol



[Edited on November 14, 2011 at 9:27 AM. Reason : ]

11/14/2011 9:26:42 AM

how to post like face:

1) read zero hedge
2) repost what you've read like it's your own research

11/14/2011 11:36:51 AM

what are you talking about? All of it has been coming true. I've been calling the collapse of Europe for a few YEARS now.

I read a ton of sources besides ZH, I didn't even start reading ZH until about 6 months ago.

But since it's the best compilation of financial news on the internet yes i read quite a bit of it.

The guy is flat out plugged in to circles that no one else on the internet can boast about being plugged into that doesn't have an interest in selling lies.

11/14/2011 1:56:40 PM

The guy who was banned for insider trading?

11/14/2011 2:23:18 PM

seems like a flight to paper right now...

bond market down, gold down, European country specific notes becoming non-risk-free (self evident).

is there an air pocket forming under equities? probably, i don't know...

however in gold terms, we are at March 2009 lows.

my reptile brain says buy on dips

11/17/2011 12:46:56 PM

Steamroller

11/17/2011 12:47:06 PM

wait a sec - did we just breach 1225?

11/17/2011 1:03:13 PM

liquidity is totally drying up. This is bad.

11/17/2011 3:50:36 PM

That's funny. Zero Hedge posted the same thing 2 hours before you did.

11/17/2011 4:46:20 PM

oh really? its funny because i havent been to zerohedge yet today.

I heard that on CNBC while i was eating.


Everyone gets news from sources, ive never pretended that Im sitting here analyzing the volumes on bloomberg and doing my own research. You get smarter by listening to people who know what they're talking about.

If you want to know my sources i mostly follow ZH, Schiff, Browne, Mauldin, Grantham, and a select few others. And I watch kudlow to hear what all the sellsiders are pumping before their dump.

Everything Rockitbaby posts is straight from ZH, you've got the wrong guy. Have I ever bothered mentioning that before? No. What's wrong with him pointing out things that are happening? He's not claiming he is the one that discovered the info initially.

My entire life revolves around consuming as much info as I can as quickly as possible. It's not possible to be an expert on finance, sports, macroeconomics, politics etc without consuming other people's work. That's the entire point of the internet. Dissemination of information.

[Edited on November 17, 2011 at 5:15 PM. Reason : a]

11/17/2011 5:11:57 PM

If it doesn't come straight from Jim Cramer's lips, I don't wanna hear it.

11/17/2011 5:42:16 PM

Jim Cramer's "Had Money"

11/17/2011 5:53:30 PM

I wish zerohedge would tell me when to cover these futures. Without them I'm lost.

11/17/2011 5:53:30 PM

Actually ZH has an article to get out of the futures market entirely because your money isn't safe there because of Obama's cronies getting away with stealing the money.

11/17/2011 5:57:12 PM

Had a bunch of buddys who cleared MF, I've seen firsthand the shitstorm that is progressing. (still not resolved) It makes you wounder why have any $$ in a brokerage account. I also heard allot of the MF missing money and shitty book-keeping is from the Refco buy out.

11/17/2011 6:17:09 PM

Who do you guys think will collapse first? China or Europe?

This is getting pretty chaotic. I think I'm going to add to my canned goods and liquor supply this week actually. It's just getting too risky out there. Things could happen at anytime really.

The overnight funding market in Europe is closing. The long term market is already closed.

The EFSF is basically dead and buried. Germany is now voicing their exit plans...

This is just like that movie Too Fast Too Furious.

11/21/2011 8:23:45 AM

^ since Chimerica is not collapsing, that leaves Europe

11/21/2011 9:49:22 AM

Quote :

"It's not possible to be an expert on finance, sports, macroeconomics, politics etc without consuming other people's work."

You're an expert? Remind me, was it a short three years ago that you were asking people to explain things like options because you had no idea what you were doing?

Consume other people's work all that you'd like. Plagiarizing the work of others and pretending that it's your own is a bit different though.

11/21/2011 11:53:22 AM

^^ China is collapsing.

"Plagiarizing"??? Relaying the news on a message board about what is happening is plagiarizing? I've literally typed my opinions 100 times here and they've been consistent for the past few years about how the collapse will occur.

Dude I've had a series 7 for more than three years so I can promise you that wasn't me asking you how to trade options.

One of the main reasons I'm getting the CFA is because there's a bunch of people in the world who won't consider you an expert until you get fancy letters. It certainly doesn't mean I don't already know what I'm talking about.

There were a lot of analysts, fund managers, and sellside donkeys on CNBC who actually believed Europe was fine up until a few days/weeks ago. I think it's pretty obvious that they aren't experts.

11/21/2011 1:17:16 PM

You're the expert who is negative year over year and is consistently wrong with stock picks, right?

11/21/2011 1:25:34 PM

don't ruin his Boiler Room fantasy he's desperately trying to live.

11/21/2011 1:30:35 PM

Keeps this up and he'll be working in an actual boiler room.

11/21/2011 1:31:57 PM

Boiler Room? More like I'm just trying to warn you guys so you don't get caught in the collapse.

You don't want to take the warnings? Be my guest. You're going to be eating a shit waffle soon enough.

This is bad. Really bad. We're trapped and the leaders of the world are in full blown panic. They thought they could outsmart the public and now we're witnessing outcries all over the world.

problems do have solutions, you know
a lifetime of fucking things up fixed in one determined flash

everything's blue
everything's blue in this world
the deepest shade of mushroom blue

11/21/2011 2:12:48 PM

The only reason I come into this thread is to laugh at face's posts.

It never fails.

11/21/2011 2:15:42 PM

P.S. yeah my stock picks have had quite an awful year.

I said not to get involved with Groupon, LinkedIn, or Pandora. They are all dogs.

It's not like I was working in the Venture Capital arena and had some idea what I was talking about.

It's not like I've been screaming to get out of the banks (BAC especially as well as all the rest) for months. How's that trade working out for the people who got in right after the Buffet capitalization haha.

It's not like I haven't been sounding the alarm on buying gold for years now. Hell of a ride.

It's not like me saying get the hell out of Europe and China has been completely right.

You have a selective memory. Aapl is up a little sure, but that's temporary and you know it.


You guys have just fallen prey to the whole "don't allow the economy to ever run poorly" facade that the Fed/government have been manipulating for the past several decades. That works great until it doesn't.

This is going to be a spectacular collapse. You'd have to be totally blind not to see it coming or just not understand finance/economics. A lot of people fit both descriptions.

Governments and banks are going down like flies. They don't even trade at fucking book value. How can you be so non-chalant when credit is pricing in apocalypse.

[Edited on November 21, 2011 at 2:36 PM. Reason : a]

11/21/2011 2:34:32 PM

Where do you work with your series 7? I'm curious who would go with a financial advisor that underperforms the market and then advises clients to put all of their money into canned goods.

11/21/2011 3:28:38 PM

Where have you seen face advice people to put all their money into canned goods? Even if you don't believe in the "hyperinflationary nightmare" end game, doesn't it still make sense to have a few months supply of canned goods for emergencies?

11/21/2011 4:04:11 PM

would MREs be a better option than canned goods?

11/21/2011 4:06:47 PM

I've worked for b/d, RIA, and a bank as a dual employee with an RIA.

Currently working on a finance based start-up VC project and completing CFA. Debating on an MBA but it seems like a lot of money just to make connections. Going to try to break into buyside (PE or LBO) without it or go work for a small shop. But if I have to pay the $50k entry fee then I have to pay it I guess.


And plenty of people pay advisors to underperform the market. Close to 100% of them actually. Same with mutual fund managers.



Beyond that, there are thousands of successful financial advisors, wholesalers, product dev, etc who are making 6-7 figures by selling and marketing products that take a fraction of the risk of the market. VA's, equity linked/indexed bonds, annuities, CD's, etc.



[Edited on November 21, 2011 at 4:15 PM. Reason : a]

11/21/2011 4:08:31 PM

Quote :

"China is collapsing."

no its not.

11/21/2011 4:17:48 PM

That's what people said about Europe too. Why is it so difficult to accept reality?

Bankruptcy, no growth, double digit inflation . What's your definition of collapse if it doesn't include those three?

11/21/2011 5:55:00 PM

All of Europe is declaring bankruptcy?

11/22/2011 9:57:26 AM

Wow, MF Global missing up to 1.2 billion now. It seemed like Corzine was going to get out of this squeaky clean, but I really don't see how he can dodge the bullet now.

11/22/2011 10:16:00 AM

picked up some more TNA and TYH

11/22/2011 12:21:43 PM

Not all of Europe.

Greece, Spain, Italy, Portugal, Ireland.

And when they go down they take France's banks with them.


Germany has a decision to make. They can let the other countries fail and watch their exports get decimated. They can attempt to bail them out and piss away all of their money and watch their credit rating get decimated. Or they can leave the Eurozone and hope for the best.

11/22/2011 2:52:42 PM

How is that ENTR working out for whoever it was that bought it?

11/22/2011 5:13:35 PM

I heard a secondhand rumor today that there is a mmkt fund out there in trouble because of this downgrade.

http://www.moodys.com/research/Moodys-downgrades-Eksportfinans-to-Ba1-from-Aa3-on-review-for--PR_231419

11/22/2011 11:32:55 PM