Battle Of Evermore
posted 07/12/08 12:59 PM
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Viewed 207 times
This post is rated "I" for I don't care if you like what is contained within. My dear sweet online friend Rebecca has requested a "rant". I dedicate this one to her. (1) To the Peoples Republic Of China: Tit for Tat, Y'all export tainted, deadly products across the globe. How does it feel to be the largest holder of tainted, and deadly Fannie and Freddie bonds? I would say, ha ha screw you, but I better not. The U.S. may end up being the west wing of China when all is said and done. (2) To the Arab Emirates: Boy did our bankers screw y'all! It had to really hurt to lose the BILLIONS of dollars these guys HOODWINKED y'all out of in their desperate attempt to save their asses. How does it feel owning huge blocks of shares in these almost insolvent institutions? Nice job of getting even via higher and higher oil prices. Y'all have a LOT of young Saudi princes who need palaces built for them. I'm sure it will get done. (3) To the traders who write about being "afraid" to trade this market: SCREW YOU! What, did you think? The markets would just keep going up, making it easier and easier to trade and make money? If you're afraid to trade, SHUT UP, put on your jammies, curl up in a corner and suck your thumb. If you are "afraid" to trade, I suggest you cash out and quit. Because your fear has turned you into toast. Extreme caution is required to trade this market and if your spine is jelly, you don't have a chance of making a dime. SO WHAT IF YOU LOSE. Are you trading with money that you cannot afford to lose? You are an IDIOT if this is the case and you shouldn't be trading in the first place. (3) To the people who have not read my blogs that have been spot on about the financials, dating back before the fall of Bear Stearns: YOUR LOSS. If I was as good a trader as a market pundit, I would be worth millions today. My loss. I can live with it.
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