Is anyone else absolutely sick of Wall Street? Those bipolar monkeys hurt real people
First and foremost, I am a capitalist. I have profited, heavily, and become very rich because I was born an american. Bless my great grandfather for being too ambitious and restless to stay in Norway, and bless my father for doing the best that he could, however poor we were. And bless my longtime business partner, who, frankly, without my life would not have turned out as it has (the same is as true or better in reverse, but nonetheless, we are never, ever, ever, better than the best people in our lives and he is better than me, which allows me to accomplish alot of stuff).
And good for everybody who makes money in the market. And I will make money on this correction, however severe it becomes. I have cash, I have defensive positions, I have hedges, I have Dreman's book, and I have done this before. And the March bottoms aren't going down.
But you know what? It doesn't matter what happens to me. Not one bloody damned bit. I'll be fine, I'm not retarded, I won't margin up and lose all my money, whatever happens in the markets, even if the March bottoms don't hold some horrible, I'll have enough dividend income to never lift a finger again and I simply don't matter.
And you know what else? Wall Street doesn't matter. It doesn't matter if some Harvard Business School grad jumps out a window because his margin call wrecked him, it doesn't matter if he makes millions and buys a new 458 Italia. Doesn't matter.
You know what does matter? The fkn retarded volatility in the markets hurting real people. Like my dad. He did hte best he could, his goal was to get us kids to college so we could live better than he did. The man didn't buy a new shirt or pair of pants for 15 years, and I am not kidding. Rummage sales and he gave up everything so we could have like, very little, but more than we'd have had if he had thought of himself first. He got me a pair of "strength shoes" when I was 17 so I could train for track. Those were like 80 bucks, which was alot to him. It was, in fact, about the same as his clothes budget FOR THE PREVIOUS DECADE.
And he saved, and I am not exxagerating, 20% of his PRE-TAX income for our college fund. It was nowhere near enough for all 3 of us to go, but my brother and I got academic and/or athletic scholarships and my sister got the money. Good for her. Good for him, he got his goal, we all have far better lives than he had.
And you know what else? Stocks are, historically, the best investment by far. Dividends + appreciation have beaten everything else.
And you know what? This insane crap on wall street, + 600, -800 in the fall of 2008, stocks falling to stupid levels in march 2009, 40 straight up days in 2010, stupid fkn computer programs doing irrational crap. The DJIA falling 1000 points in 10 minutes today. Broken robot, fat finger hitting a wrong key, yen carry trade unwinding, quant funds following momentum, I DON'T CARE WHAT WAS THE CAUSE, PROBABLY ALL OF THE AFOREMENTIONED, it all sucks.
You know why? Becuase real people, trying to do sstuff that actually matters, are the ones that suffer. Men and women trying their best to help their kids live better than they live. They get tired of this crap, this insane S"&P 1500, 50% loss, wait, no, wait for it, 1500 again, 60% loss, wait! rally of a lifetime. Wait, lets drop 100 points in 10 minutes, screw it, that seems fun.
Stupid bipolar monkeys scare people: not me, not you, we aren't the ones who are harmed, we pay attention and read and study and scrutinize and probably do far better than the average person. Real, everyday people, who spend more time wondering if their kids are going to get good grades suffer. Because they see shyte, no, this BULLFREAKINGSHYTE, and they just can't take it, so they buy bank CDs and treasuries. And get ass-hosed by inflation. Inflation necessary to bail wall street out of its computer-glitching greed-machining crash.
I am so sick of it. Sick, sick, sick, even though I have profited from it fantastically and will profit from it this time too. Sick of it. Sick and tired.
The fkning capital markets exist to provide capital to companies to do business, which provides jobs and helps the economy. THEY DO NOT EXIST FOR COMPUTER PROGRAMS DESIGNED BY COKED OUT MORONS TO WILDLY MANIPULATE, FANTASTICALLY, UP AND DOWN.
I don't matter, John Paulson sure as he!! doesn't matter, Warren Buffet doesn't matter, The Fly doesn't matter.
The people who actually get hurt from this, actually do matter. And I am annoyed and sick of it.
To our fkn useless, worthless, congressional idiots:
-don't grandtsand retardedly and try to tank the markets
-don't grandstand retardedly for other reasons, seriously, try not to be retarded. understand that in the end whats good for the markets is, like it or not, jealous of whether CL34 is richer than you or not,good for the economy and hence all. BUT THAT DOESN'T MEAN WE SHOULD ALLOW RETARDED CRAP IN THE MARKETS.
-but do, FOR GODS SAKE, realize that the markets help the economy and FOR THE LOVE OF ALL THAT IS EVEN SOMEWHAT BLONDE AND BEAUTIFUL, do something to prevent this kind of crap.
That is all. Bless America, bless innovation (which we, in all of the history of the world, are better at than any other collection of people), bless CL34, bless CAPs, bless rich hedgies and retarded inbred limp petered idiots who can't write proper trading code.
But mostly, realize that all of the above (except america and innovation) aren't as important as normal people trying to work towards a better life. AND PUT A STOP TO THIS CRAP. IT HURTS EVERYBODY ON THIS PLANET AND ESPECIALLY THE PEOPLE THAT MATTER.
That is all.