Friday, September 24, 2010

Investing Is Easy

Yes it really is. In case you didn't know that all you had to do was listen to hedge fund mogul David Tepper of Appaloosa Management on the propaganda network this morning. Does anyone have any idea how many times he remarked how EASY investing is? For some strange reason I lost count. My losing count might have had something to do with Mr. Tepper's nauseating arrogance which truly was unbearable. My only question for the boobs and boobs in chairs over at CNBC is either how long till Tepper's hubris makes you barf all over him or at what point do you get sick of his self aggrandizing drivel and simply pop him right in the nose? 

Sadly for us the only question on Carl "whats its like to be a billionarire" Quintanilla's mind is exactly that, whats it like to be a billionaire Mr. Tepper?, tongue a wagging.

I love this master of the universe, alpha, 'front of the herd' Tepper guy. Economy gets better, stocks go up. Economy gets worse the Fed steps in with quantitative easing 2 and, yup, you guessed it, stocks go up. (makes me think about Japan, but I digress) But the line I really love from Tepper is this one;

"but before the Fed comes in with money, up until that point, the stocks can go down a little bit, but not that much, cause I got a put, ya gotta love a put, um especially when the government's issuing it, so I can't go down that much"

Well, I'll be, investing is easy!

We all know it isn't but needless to say I am having a bonfire tonight. 

I am burning every book on the markets I have ever owned. Reminiscences, Intelligent Investor, Battle for investment Survival, you name it, every single one of em' is toast, tonight! 

Son of a gun don't I wish I had heard this before from somebody. Boy, am I the dope!

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $22.52
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $92.15
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @ $93.48
Short 1 unit Bank of Nova Scotia ticker BNS @ $51.65 stop @ $53.41

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