On Becoming a Trader

This video from puretick.com is like the Magna Carta for daytraders.

Simpatico

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Apparently Its a White Thing

From the BBC

Brazil's President Luiz Inacio Lula da Silva has said the world's poor people should not be forced to pay for the global financial crisis. President Lula said white, blue-eyed people - not Indians, nor black, nor poor people - had created and spread the crisis throughout the world.

Wonder what he thought of Bush I's bailout of Brazil a few years back? Is he willing to give back the money?

Ratigan Out at Fast Money

From the NY Slimes

Dylan Ratigan, the longtime host of the CNBC program “Fast Money,” abruptly left the cable channel and the show on Friday, after a discussion with the network’s president, Mark Hoffman.

The move came after contract negotiations between CNBC and Mr. Ratigan ended with just a week left until the end of his current deal.

Asked why he would walk away from a successful program where he had built a reputation for fast and funny delivery of the day’s financial news, Mr. Ratigan said, “I had the benefit of my contract coming to an end. This is an opportunity to take a pause and evaluate all my options.”

I have to admit that enjoyed my months of watching that show but I also have to admit that it had a severe negative effect on my trading. Since I love trading more than that show I quit watching.

Wonder who will replace him? How about Michelle Cabruso Cabrerra?

A Devalued PM of a Devalued Nation

This is exactly analogous to the American situation. Unfortunately there are few conservatives in the USA able to put a sentence together to articulate this situation. Nobody here knows this talk. Spending according to our means is not in our bones. It was after September 11, 2001 that Bush urged Americans to go out and spend.

We created a housing boom to heal our wounded psyche, a binge spending trip, promulgated by the binge drinking President, that is all that Bush knew. Now, we have brought in a professional alcoholic (to further the drinking=spending analogy.) Bush set the U.S. up for Obama. One flows quite naturally from the other.

Beware Boy Geithner

Congressman Moves to Block Collaboration with the Communists

Alarmed by talk of a global currency, Rep. Michele Bachmann, R-Minn., introduced Congressional legislation Thursday to prohibit the president of the United States from striking any deal to validate a non-U.S. currency.

The bill’s introduction follows mixed messages from Treasury Secretary Timothy Geithner on whether he would support a global currency to replace the dollar.

On Tuesday, Bachmann tells Newsmax, she asked Geithner at a hearing if he would renounce any effort to move toward a global currency.

“He answered unequivocally that he would,” Bachmann said. Geithner’s assurances echoed those of President Obama.

On Wednesday, however, while speaking before the Council on Foreign Relations in New York, Geithner remarked that he was “quite open” to a larger, global-finance role for a melded International Monetary Fund currency.

Here's a pic of the damage this stooge let loose within minutes. No doubt the Blackberry's were buzzing at the CFR ... hmmm sombody important was long the Dollar and they needed Boy Geithner to retract and quickly!

Sham Wow

Punch Drunk

Fresh off the airwaves:

President Barack Obama said he believes the global financial system remains at risk of implosion with the failure of Citigroup or AIG, touching off “an even more destructive recession and potentially depression.”

His remarks came in a “60 Minutes” interview in which he was pressed by an incredulous Steve Kroft for laughing and chuckling several times while discussing the perilous state of the world’s economy.

“You're sitting here. And you're— you are laughing. You are laughing about some of these problems. Are people going to look at this and say, "I mean, he's sitting there just making jokes about money—” How do you deal with— I mean: explain. . .” Kroft asks at one point.

“Are you punch drunk?” Kroft says.

“No, no. There's gotta be a little gallows humor to get you through the day,” Obama says, with a laugh.

An assessment from a freerepublic commenter:
Inappropriate affect is a schizoaffective behavioral symptom. And a form of schizoaffective dissociation. He appears to be under some form of mind control or dissociation. Not a good sign. It could be indicative of a sociopath or from pathological narcissism. Someone giggling at a funeral would be a similar type of behavior. It seems like Obama has sociopathic attitudes toward white Americans. He does not identify and distances himself emotionally.

Milton Friedman Explians Why Socialism is Always a Failure

This is an interesting clip with Phil Donahue asking all the questions that the liberals are asking today. They are good questions and there are definite answers to them. This clip must from around 1980 or so and it makes me sad. In seeing Phil Donahue I see an intellectually inquisitive person, willing to sit, listen, think, question and thereby enlighten his audience. You won't see that today from today's low brow thugs like Chris Matthews or Keith Olbermann. All they know is the jackboot and that is all they deserve.

Not Taking a Thing Back

When I saw the still of the video over at Breitbart I jumped to the conclusion that Erin Burnett, in a rare display of journalistic integrity, slammed Rep. Rangel for his crocodile tears of rage over the whole AIG thingy. Nope. It was Mark Haines, who jumped in, sensing perhaps, that Erin was just conducting another Democrat love fest.



I dare say that Rep. Charlie Rangel has violated the public trust. His failure to pay taxes is a matter of fact.

Not Shocked at the Shock to the Shock

Political Art

While scanning old photos of the Soviet Union I took on a trip there in 1987 I began to notice this eery similarity between the artwork flowing out of the Obama juggernaut and that old crap that was plastered all over Russia.

Apparently the stimulus plan now has official artwork associated with it.

A blogger offer still more ... the words are his.

Some people, reportedly including at least one state governor, aren't very excited about Obama's new 'Stimulus Logo'... ...Do you suppose that might be because 'creating new logos' isn't really the type of 'LEADERSHIP' most Americans are seeking right now...?

...and here, of course, is the obligatory, related, 'bumper -snicker'...

Slammed ?

Purportedly John Stewart is "slamming" Jim Cramer but I see nothing of the sort here.

The Daily Show With Jon StewartM - Th 11p / 10c

Jim Cramer Unedited Interview Pt. 2

Daily Show Full Episodes
Important Things w/ Demetri Martin

Political Humor
Jim Cramer

The points Stewart makes are valid and can be confirmed by other professionals in the industry and amateurs such as myself who study the market 3 hours a day, everyday, and make active investments.

Some of my instructors have advised me to not even watch CNBC at all. Indeed, I have stopped watching CNBC altogether and my trading has improved 100 fold.

Cramer is not even the worst of the bunch. There are shills out there like Maria Bartiromo is the most biased non-objective journalist I have ever seen. She is neither a technician of the market, nor a financial professional. She is a professional liar. Then you have complete Democrat Party suck-asses like Becky Quick, Erin Burnett and John Harwood.

The Fibonacci in Lateralus

Technical Analysis now has a theme song of its own.

Cramer Fires Back

Cramer: My Response to the White House

He picked right up on the character assassination by Gibbs (who now has picked a fight with the a radio host of some note.)

Eve of Destruction

The Obama-Bot Responds

The guy can't even respond .. just nervously laughs. The funny thing is that Cramer is a Democrat. Wall Street is America but not for the Grand Mufti Obama. How many Americans know that Obama's tax return revealed that he owns zero stocks, nothing, no mutual funds, nothing.

A poster at Media Bistro writes:

This explains why the Whitehouse is attacking its critics:

Saul Alinsky wrote the book, "Rules for Radicals," which has been used by hardcore left wing radicals for over 30 years. His Rule Number Twelve explains why they are under personal attack by the Left:

RULE 12: Pick the target, freeze it, personalize it, and polarize it." Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions.

Attack Santelli, Attack Cramer. Attack America.

Cramer Slams the Annointed One

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This is getting sweet. Erin Burnett .. you dumb bitch.

How to Begin with Investing and Trading: A Traders History

Really thorough video series about trading.