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Black Monday, Zzzzzzzz

Posted by Timothy Sykes on Mon 15th of Sep, 2008 01:54:35 PM

So with all these “blue chip” (in reality irrationally arrogant) financial companies like Merrill Lynched, Lehman Bankrupters, AIG (Anonymous Incompetents Group), Shittygroup and Washington Massacred all in trouble in one way or another, the Dow hugging down 300 points on the day, financial website traffic booming and financial corporate drones of all low IQ numbers carrying boxes and walking around Wall St. aimlessly, you might think it’d be a rather exciting day for me.

Exciting because my PennyStocking strategy is immune to all this crap–which considering the lack of pump and dumps and spam plays means ALL PennyStocking DVD students should be ALL cash or short COIN, BBND and FNET (all of which are winning positions)–proving just how much safer penny stock speculation can be compared to the previously imagined safety strategy of diversification.

Exciting cuz my TIMalert subscribers are thanking me/understanding more and more each day for helping them understand that it’s tough, if not impossible, to try to scalp these failing financials for any extended period of time.

Exciting because of all the firesale stock prices now appearing, good for long-term investors (debatable)….

And most importantly exciting cuz all these research and historical business education-lacking, leverage-loving idiots in control/possession of too much $$$ are getting EXACTLY what they deserve, as I first wrote about back in early March in THIS blog post entitled “Trial By Economic Jury”.

But sadly, today’s just boring for me.

Yes, the Dow is down, financial commentators are using slightly higher pitched voices, industry drones/cubicle monkeys are panicking / getting fired, but there’s no real panic/capitulation. It’s actually pretty impressive the Dow isn’t down more, especially considering that if AIG goes, it’s a mess like we haven’t seen in decades. Especially when you add in the fact that people are in debt up to their eye balls and all their equity is tied up in their houses that are rapidly losing their value, these latest problems notwithstanding. Especially since this all boils down to one big beautiful economic storm, seemingly perfectly designed by God himself/economic reality to wipe away great amounts of dumb money and people from this joke of an industry.

Don’t get me wrong God/economic reality, I’m all for this cleansing, it’s loooong overdue, but c’mon, can’t you hurry this shit up? Like Dow down 2,000? Would 3,000 be asking too much? Or Shittygroup going under? I mean seriously, this is taking forever/is more painful than Medillin and not even the dozens of the usual daily dumb emails can cheer me up. I’m getting bored–there must be something you can do.

Thanks in advance,

Tim

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  • CJ Artis
    BIG does not mean Security. Seems that the light is shining on the wall street darkness.
  • Busta
    That article in regards to short selling is the biggest heap of shit ever.
  • Richard
    " can't you hurry this shit up"? No there trying to ease us into it. If they pulled all the bandages off at one time the government would be overthrown, everything would be nationalized ( not like were not doing that already ), and we would be forced to share things ( not wife swapping sharing just material goods ).
  • younggunz
    Terrible day? It's a storewide sale!
  • Rudy H.
    Hey Tim- First time here. Enjoy your sense of humor even on a terrible day for the American economy. AIG is looking like public enemy #2. Looking forward to get some ideas from you.
  • Audra
    I love the way you lay this out (it's super funny) & I hope you're not the only one who has any sense on this situation.
  • total_keops
    I would not be surprised to see a rate cut overnight.
    MOFO Bernanke did this before when we where about to break out on the S&P.
  • total_keops
    Short SGMS, CHS and PRGO. Holding o/n.
    Dont worry... stach all your chips in mutual funds, lol.
    Paulson: "Americans should remain confident in U.S. financial system"
  • Ryan
    I agree. CRXX is a good short here.
  • cacaosteve
    Much easier to read on the iPhone now! I missed FNET, no COIN available :-(. CRXX moving down slowly...
  • getshorty
    MOMMY !!!

    TIM HAS TAKEN MY TIMBUCKS !!!! THEY ARE GONE !!!!
  • getshorty
    MITI giving it all back
  • of course
  • Jono
    LOVE the medellin reference... didn't know you watched entourage tim! did you watch yesterday's episode?
  • direhack
    The site looks pretty good on my iPhone. It loads fast, and the width is perfect, so no sidescrolling necessary. Keep up the good work!
  • cool thanks, how does the site look on iphone, its supposed to be be very cool
  • direhack
    Hey Tim, the mobile (iPhone) version of this website has Timothy 'Skyes' in the header. Better fix it up
  • yah saw that article, though about wirting a post about it, but its just so ridiculous, who has the energy to combat such stupidity
  • JAFUOL
    How the hell can the SEC even think that short sellers are partly to blame for Leman? See (http://biz.yahoo.com/ap/080915/sec_short_sellin...) this is just another strong-arm attempt by the SEC to keep us from profiting from the criminals on Wall Street.
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