CHATROOM

These Are Not Extraordinary Times, Finance People Are Just Morons/Not Well Read

November 18, 2008 at 8:41 am
by Timothy Sykes

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I am beyond sick of corporate management, “gurus”, newsletter writers, financial ANALysts, talking heads, mutual fund managers, hedge fund managers, traders, investors all using the excuse that their losing $ is the result of the economy/troubled times.

BS, you guys are just uneducated bozos! Yup, all of you…

The economy is not to blame as these times are little different than years past….Wall Street never changes, morons just multiply before getting exterminated…just like cockroaches.

That’s right, it’s nobody’s fault but your own if you’re failing now just as it’s all my fault that I’m up 180% in the last year or so.

You loser/poor ass mothersuckers, all you gotta do is become a student of financial history, learn to cut your losses quickly and stay liquid long enough to wait for ideal opportunities.

Forget me rubbing in how dumb most people in this joke of a business and let me get to my point, we’re rapidly reaching the long awaited capitulation point.

I previously wrote this post about how their was no panic yet, but the fact that we keep dropping so gradually makes me now think/hope we are getting close to a big big crash day one day soon.

Think Dow -2500 on the day…all we gotta do is take out the 2002 lows, Dow 7000s, and then we open the door to a serious freefall…ideally to Dow 4000–considering only then do we really have technical support.

Of course, all the bitches who still wanna try to save their pathetic businesses are gonna try to bottom this thing in the lows 7000s and they might just succeed. Or their failure will be the extra oomph we need to hit true capitulation.

Ahhhh, it feels good to not care whether the markets goes up or down, you should try it sometime!

Posted in Adapting, idiots

Tags: ,

  • A

    I am still amazed at the number of “experts” coming out on CNBC daily saying that we have reached a bottom. That tells me that we still probably have some more downside to go to flush the early longs out of the market.

  • A

    I am still amazed at the number of “experts” coming out on CNBC daily saying that we have reached a bottom. That tells me that we still probably have some more downside to go to flush the early longs out of the market.

  • http://none Rem

    Questions ?
    1- Why you insult everyone ?
    Always be polite and gentle cause you don’t know how hard the other one’s life is. (Not from me)
    2 – Why you say you are a shorter and half of your trades are longs ?
    3 – Why you think you are the best with 177% since hundreds of little accounts like that do the same ?
    Show processes, show technicals, explain, backtest… I bet you will find your limits there (then improve). (no your DVD have no real backtest)

    I read your book, great story, good book, laughtable as you are uneducated about finance! Complain about not selling a short hedge fund that biggest position is a long kind private equity ?
    5 – Do the investors in you former hedge funds sued you for this lie ? I would have.
    6 – Still about the book, how can you sell your hedge fund based on track record that weren’t the same strategy ? Lies again!
    You were long penny during the bubble, great call, short penny during the krach, great great call.
    Now I’m a hedge fund investor, tell me how it is different than dumb luck ?
    Tell me about your processes ? About what your are selling me as a track record ? A short hedge fund ? Or the track record was made long penny ? I don’t understand ?
    Eplain!

    Be gentle!!!
    You may be good! Maybe great!
    Earn from achievments!

  • http://none Rem

    Questions ?
    1- Why you insult everyone ?
    Always be polite and gentle cause you don’t know how hard the other one’s life is. (Not from me)
    2 – Why you say you are a shorter and half of your trades are longs ?
    3 – Why you think you are the best with 177% since hundreds of little accounts like that do the same ?
    Show processes, show technicals, explain, backtest… I bet you will find your limits there (then improve). (no your DVD have no real backtest)

    I read your book, great story, good book, laughtable as you are uneducated about finance! Complain about not selling a short hedge fund that biggest position is a long kind private equity ?
    5 – Do the investors in you former hedge funds sued you for this lie ? I would have.
    6 – Still about the book, how can you sell your hedge fund based on track record that weren’t the same strategy ? Lies again!
    You were long penny during the bubble, great call, short penny during the krach, great great call.
    Now I’m a hedge fund investor, tell me how it is different than dumb luck ?
    Tell me about your processes ? About what your are selling me as a track record ? A short hedge fund ? Or the track record was made long penny ? I don’t understand ?
    Eplain!

    Be gentle!!!
    You may be good! Maybe great!
    Earn from achievments!

  • http://test.timothysykes.com Timothy Sykes

    rem, i insult everone who deserves to be insulted…i cut through the BS…my 180%, not 177% is hardfought so i’m very proud of it…no lawsuits, not expected to be any, hedge fund was based on track record…u want to know my process, buy a friggin DVD, all is explained there: http://www.test.timothysykes.com/store

  • http://test.timothysykes.com Timothy Sykes

    rem, i insult everone who deserves to be insulted…i cut through the BS…my 180%, not 177% is hardfought so i’m very proud of it…no lawsuits, not expected to be any, hedge fund was based on track record…u want to know my process, buy a friggin DVD, all is explained there: http://www.test.timothysykes.com/store

  • http://test.timothysykes.com Timothy Sykes

    PS lots of small accounts may be up the same as me, but they aint teaching others, nor do they have dozens of students with similarly successful numbers…welcome to my biz model bitch, have a nice day

  • http://test.timothysykes.com Timothy Sykes

    PS lots of small accounts may be up the same as me, but they aint teaching others, nor do they have dozens of students with similarly successful numbers…welcome to my biz model bitch, have a nice day

  • http://127.0.0.1 prophit

    “Beware of those who say we’ve hit the bottom” by Nouriel Roubini

    http://www.informationclearinghouse.info/article21228.htm

  • http://127.0.0.1 prophit

    “Beware of those who say we’ve hit the bottom” by Nouriel Roubini

    http://www.informationclearinghouse.info/article21228.htm

  • Gall Bladder

    I may agree with your sentiments, but lets be honest and say you make the real $ selling 5 cent DVD’s for 100′s.

    Honesty is the best policy.

  • Gall Bladder

    I may agree with your sentiments, but lets be honest and say you make the real $ selling 5 cent DVD’s for 100′s.

    Honesty is the best policy.

  • leadpimp

    Rem,

    Tim already told me his record is irrelevant.
    He makes unsubstantiated claims that his strategy performs well in good times and in bad. We have no proof of this since he will not share his trading record from 2003-2007.
    Do you think Tim insults people with his potty mouth to improve his self esteem?

  • leadpimp

    Rem,

    Tim already told me his record is irrelevant.
    He makes unsubstantiated claims that his strategy performs well in good times and in bad. We have no proof of this since he will not share his trading record from 2003-2007.
    Do you think Tim insults people with his potty mouth to improve his self esteem?

  • cash

    Tim I hope you really created this line “The economy is not to blame as these times are little different than years past….Wall Street never changes, morons just multiply before getting exterminated…just like cockroaches.” because it is the best one I have heard in a while and will now be using it on a regular basis.

  • cash

    Tim I hope you really created this line “The economy is not to blame as these times are little different than years past….Wall Street never changes, morons just multiply before getting exterminated…just like cockroaches.” because it is the best one I have heard in a while and will now be using it on a regular basis.

  • http://test.timothysykes.com Timothy Sykes

    cool, definitely all my own creation

  • http://test.timothysykes.com Timothy Sykes

    cool, definitely all my own creation

  • http://test.timothysykes.com Timothy Sykes
  • http://test.timothysykes.com Timothy Sykes
  • A

    That is Tim’s rendition of Jesse Livermore’s famous quotation written back in the 1930s:

    “Wall Street never changes, the pocket change, the suckers change, but Wall Street never changes, because human nature never changes.”

  • A

    That is Tim’s rendition of Jesse Livermore’s famous quotation written back in the 1930s:

    “Wall Street never changes, the pocket change, the suckers change, but Wall Street never changes, because human nature never changes.”

  • bobby

    he insults everyone because he’s a prick…..he does find some nice setups and 180% is 180%, but what was his total take, something like 20 grand or whatever, percentages are completley misleading when u trade a tiny account……..

  • bobby

    he insults everyone because he’s a prick…..he does find some nice setups and 180% is 180%, but what was his total take, something like 20 grand or whatever, percentages are completley misleading when u trade a tiny account……..

  • Doodah-Doodah

    Bailouts are like lowering passing grades.
    In college economics the curriculum taught that markets correct themselves. So…. what’s with these government experts bailing out private industries? I really want to know. This defies the principles of economics. Isn’t the case such that if we keep bailing out failing mega-businesses then the market will be artificially corrected and the “error” propagates and emerges later, perhaps in other sectors?
    Big deal if we go into depression. Perhaps ignorant, but wouldn’t it be of value to have the market completely crash and form a strong baseline that is no longer artificially inflated with bailouts and shiny dot com technology; natural normalization. Do I really need to upgrade to Vista? Personally, I volunteer for a year or two of unemployment and soup kitchens – I swear it! It would be well worth it to see manicured men be equalized. Goddamn if a few people have to drive Mercedes more than 5 years old.

    Debt Free, Unemployed and Cash Heavy

  • Doodah-Doodah

    Bailouts are like lowering passing grades.
    In college economics the curriculum taught that markets correct themselves. So…. what’s with these government experts bailing out private industries? I really want to know. This defies the principles of economics. Isn’t the case such that if we keep bailing out failing mega-businesses then the market will be artificially corrected and the “error” propagates and emerges later, perhaps in other sectors?
    Big deal if we go into depression. Perhaps ignorant, but wouldn’t it be of value to have the market completely crash and form a strong baseline that is no longer artificially inflated with bailouts and shiny dot com technology; natural normalization. Do I really need to upgrade to Vista? Personally, I volunteer for a year or two of unemployment and soup kitchens – I swear it! It would be well worth it to see manicured men be equalized. Goddamn if a few people have to drive Mercedes more than 5 years old.

    Debt Free, Unemployed and Cash Heavy

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