Use access key #2 to skip to page content.

alstry (35.35)

Oh My Sheep...I tried to warn you......

Recs

11

August 08, 2011 – Comments (14)

Now the computers are selling.....and there is nothing you can do about it as the banks continue to cut off credit to Main Street and AUSTERITY is about to kick in....

and the funny part is Wall Street and Washington are laughing all the way to the bank....

I tried to save you......with thousands of posts.....but most of you could resist the temptation of looking backwards to see ahead.

IT IS NOT THE END OF THE WORLD....SIMPLY THE END OF A WORLD AS YOU KNEW IT....

and the beginning of a world where the need to work is replaced by technology....a www.udderworld.com

14 Comments – Post Your Own

#1) On August 08, 2011 at 4:13 PM, TheDumbMoney (43.68) wrote:

Yeah, there's something I can do about when the computers are selling.  Pick up some shares of Berkshire Hathaway below book value.  Eat my shorts!

:-)

Report this comment
#2) On August 08, 2011 at 4:14 PM, wolfman225 (66.45) wrote:

"Oh My Sheep...I tried to warn you......"

Baaaaaaaaaaaa

Report this comment
#3) On August 08, 2011 at 4:16 PM, alstry (35.35) wrote:

What is book value is MEANINGLESS when AMERICA is bankrupt.

Ask not what your country can do for you....but what you can do for your country.

When your nation goes to war....you must help fight.....

When your nation is bankrupt....you must give it all your financial ASSETS.

Report this comment
#4) On August 08, 2011 at 4:19 PM, TMFBlacknGold (98.99) wrote:

Alstry, for real. Cloud computing will still require plenty of humans to run systems and analyze data. We are so far off from computers being able to think like humans that by the time we get there, there will be entirely new sectors of the economy to fill the gap.

I'm a little ticked that my rating has fallen 30 pts in the last two weeks. Now you're higher than me? Maybe the world is over...

Report this comment
#5) On August 08, 2011 at 4:26 PM, chrisheck (74.10) wrote:

Alstry,

I'm doing what I did in 2008-09. Ended up with far more than I did at the top of the last bull market (up 80%.)

Your problem is you look at the problems in isolation and fear the worst. The problems you state are known to most of the public and we will do  what we need to do to correct them. 

With the rough patch ahead of us, now is the time to regularly invest in the companies that will make it to the other side of this mess.

chris

 

 

 

 

Report this comment
#6) On August 08, 2011 at 4:27 PM, alstry (35.35) wrote:

Cloud Based Functioning is replacing MILLIONS of postal workers and financial/banking workers.

Computers trading is responsible for most of the trading on Wall Street.

FoxConn is replacing one million workers with Robots.

I didn't say EVERYONE will be out of a job....just the vast majority will NOT function in current positions....just like the tractor replaced the need for 95% of farmers.

Do you really think the Gardner Bros are any match for a good HFT algo.....it is amazing that they launched a mutual fund in this environment when they KNOW that no one can beat the Computers...even Buffett.

The arrogance of people to think they are smarter than something doubling its intelligence every few years.....and now smarter than the best jeopady players....and the intelligence is only increasing.

Report this comment
#7) On August 08, 2011 at 4:31 PM, TMFBlacknGold (98.99) wrote:

Why FoxConn won't replace 1 million workers:

http://www.newscientist.com/blogs/onepercent/2011/08/foxconn-aims-for-a-million-rob.html

And if you read The Black Swan or Quants you would be familiar with the numerous studies that show computers don't outperform humans when it comes to investing.

Computer intelligence isn't doubling every year - memory is however. The two are not as easily related as you think.

Report this comment
#8) On August 08, 2011 at 4:41 PM, alstry (35.35) wrote:

You truly are a human....

I didn't say every year.....I said every few years.

And as far as the Black Swan, the book is over a few years old.....and computers have MORE than doubled functionality as demonstrated recently by FoxConn and JEOPARDY:

IBM's Watson Dominates Humanity in Jeopardy

Just wait....it is only the beginning and even Nassim will have a tough time with this....as we run in the similar circles.

Report this comment
#9) On August 08, 2011 at 4:53 PM, truthisntstupid (89.07) wrote:

It's Aug 8 and now you've written 31 of these fearmongering blogs?

For crying out loud , Al, get a job!

Report this comment
#10) On August 08, 2011 at 4:54 PM, shortgains (< 20) wrote:

"You truly are a human...."

Are you a computer alstry? 

Report this comment
#11) On August 08, 2011 at 5:01 PM, alstry (35.35) wrote:

The character "Alstry" writes from the perspective of a Computer Algo....so in a way you could say yes.

Do you think a human could write as many blogs as Alstry does EACH linked to one or more supporting articles....and be so CONSISTENTLY right over the long run?

Report this comment
#12) On August 08, 2011 at 5:31 PM, Borbality (46.31) wrote:

At least he's consistent..

 

Report this comment
#13) On August 08, 2011 at 6:09 PM, TMFCrocoStimpy (95.53) wrote:

@Alstry

Just wait....it is only the beginning and even Nassim will have a tough time with this....as we run in the similar circles.

Do tell, Alstry.....what circles do you and Nassim run in commonly?  Or did I misunderstand your remark?

-Xander

Report this comment
#14) On August 08, 2011 at 6:24 PM, prose976 (< 20) wrote:

Never thought I would be agreeing with Alstry, but this is no "up" left in the market.  There is only a continue shifting from oil, to gold, to bonds, to equities to commodities, back to gold, back to oil, et. al.  Unless you're running a high speed trading computer then not even your online "pro" account with one of the best firms out there will help.  Sorry.

HST is the closest thing you can get to a crystal ball, and the computers can short EVERYTHING down to $0, so don't count on any basis for foundational value for ANYTHING.

Fundamentals no longer exist in the marketplace, because HST does not use fundamentals as a major part of its process.

There is no place put your money except into your own life, your own business, into human capital.

This is why so many companies have had spinoffs (our equivalent of reverse mergers), and IPO's.  Companies are monetizing their debt thru share sales and bond sales.

The cash that these big daddy companies like Apple is significant only because they have more of it on hand than any other player, but ultimately, hanging on to cash will be their downfall as well.

So, if you have cash, put it into something tangible, something that YOU value.  Don't put it into IRA's, Treasuries, Stocks, or anything that is on paper.  The paper money system is like the Rewards Points systems that are being gamed across the board by Hotels, Airlines, Stores, etc.

Gold, WAS a safe haven up until now.  Watch the value of it deteriorate as certificates are used for the exchange of goods and services instead of cash.

China is screwed with over $1 trillion of decreasing value in U.S. Treasuries.  The EU and all those counties who have flocked to the dollar as a safe haven will be casualties of a paper money world where the money is not worth what's printed on it.

If you want to invest in something, invest in human capital.  There are plenty of ways to do so.  Check out crowdsourcing and user-generated content.  Buy something that you own outright without any paper on it.  That's the only way to move forward.

I'm not panicking, but the one-two punch the market has dished us over the last 3-4 years, along with the municipal defaults and sovereign defaults around the world and right here in the U.S. A. make me believe the only way out of this is the print, print, print and when they do, you better not be holding any paper assets, because their value is going to be close to nothing.

Approximated 10,000 is where the Dow should realistically be right now.  Watch as it drops to that level and flounders there for an intolerable period.  Of course, if you can pick the handful of stocks and pinksheet stocks that will make astronomical rises during the next years, then put all your money into them.

I honestly can't see how anyone would see this as a buying opportunity when you have so many defaults and so much printing and so many jobless around the world. Companies increase in value based on their ability to sell products and services. When money is worth less and companies don't have the excess capital to expand, research etc. because trillions have just been removed from their coffers as well as the accounts of hundres of millions of individuals, there is only one conclusion for a sane person - spend your money on things and on people who are valuable to you. Stuff you own outright, that you can hold in your hand, that you can use to make your own life better or improve your business.

Just my 5 cents of input. (incresed 2 cents for inflation) :)

Report this comment

Featured Broker Partners


Advertisement