I Love "Fast Money"!

Unfortunately cnbc blares in my periphery all day...it is incredible that anyone listens to any of these dopes...kernan..kernan's poor kid..the fast money fools....at least kramer is funny and has fairly good knowledge of stocks, despite that he's blown his disciples up so often

Being called an idiot by either Steve is about as big a complement as one can get.

Amazing how much money that guy has lost (especially considering he didn't start with much).

swe, this is what happens when you short right before the market picks up again. It is impressive.

Hinterlands? Here ya go.

http://maps.google.com/maps?q=West+52nd+Street,+New+York,+NY&hl=en&ll=40.771296,-73.993006&spn=0,0.013797&sll=37.0625,-95.677068&sspn=38.281301,56.513672&z=16&layer=c&cbll=40.766808,-73.993004&panoid=OdBJB3PaVAPDc708qe5u3g&cbp=12,74.28,,0,-3.64

"How's that "putting your profit back to work" working out for you, the day before the Dow crashed 2,000 points?

Not sure... you tell me, since you made that up to make yourself feel better.

Your shorts at 10k sure worked out well!

rotfl...

"swe, this is what happens when you short right before the market picks up again. It is impressive."

Yes, he really did get his butt reamed, didn't he...

You keep on lowering where I shorted the market, Ediot - why not just say S&P 666, to get the devil involved, too.

You're the one who said you were "putting your profit back to work" right before the Downgrade. T'wasn't I. I already told you, when the market tanked I had limit orders in place, and sold most of my shorts at a profit. The remainder, in banks and emerging markets - just a matter of time.

On the other hand, since you're double-long the crashing market ... must be painful for ya, eh?

"You keep on lowering where I shorted the market, Ediot - why not just say S&P 666, to get the devil involved, too."

Nope... that's you trying to raise it.

You certainly called that one wrong!
(of course, not the first time...)

Keep trying and change your story AGAIN Steve... you've been a running joke here for a long time for exactly that reason...

666.75 was the lo...in the front emini contract--so maybe use 667

Here's the difference, Ediot: I haven't lost any money & have made & will be making lots. You have many many years to wait to recover your double-longs in a crashing market.

"I haven't lost any money & have made & will be making lots."

Right, cause you're making 2% per day. Please share your wise investing strategies!

> Here's the difference, Ediot: I haven't lost any money

rotfllllllllllllllllllllllllllllll

> Right, cause you're making 2% per day. Please share your wise investing strategies

Yes, remember Steve's secret to making 2% a day.

1. Call the market completely wrong
2. Lose 98% of your money
3. Add 100% to your return because you don't know math...

"Please share your wise investing strategies"

Don't go double-long the S&P the day before it started its 20% crash - like you did!

Poor, poor Steve... so sad. Lost so much, he's delusional.

NOW we know why Steve is so pissed off right now... its not just the money he lost...

> I AM moving to Florida.

now he can't afford NYC anymore either... even in Times Square or LIC.

Oh, Ediot - just because you went double-long at the top of the market as it began its relentless fall back down to earth (not without first incurring capital gains tax, lest we forget), it's no reason to make things up.

First, I'm not pissed off at all. In fact, I'm very happy, have a thriving business and am making a ton of money. Second, my decision to move to Florida has been long in the making - I have no reason to live here b/c I can work from anywhere in the world. When you make as much as I do you can afford to live anywhere you want, and that's where I want to live.

Oh, steve, now you're just repeating the same lie over and over... pathetic...
double long at the top of the market? really?
That's what you came up with.

That sounds like something you'd do....

"First, I'm not pissed off at all. In fact, I'm very happy, have a thriving business and am making a ton of money"

uh......... suuuuuuuuuuuuuuuuuure....

Everyone "not pissed off" lashes out like you've done in the last few days.
You've started cursing out multiple folks.

You sound awful happy!

lol

ps. yes, FLORIDA is where folks who can live anywhere live full time. Got it, right.
That's almost as funny as your investing advice.

'Twas you who said you were "reinvesting your profit," and 'twas you who bragged about the performance of SSO, double-long the S&P, down 15.7% from the peak (including today's late-day short covering), making your total loss 31%.

I admit that I missed out on a bear-market rally, but I also know I haven't lost a penny. Now you're stuck.

If you look at recent market action, Ediot - and don't believe me, PLEASE! - you see that we were in a head-and-shoulders pattern right before the crash, peaking at S&P 1136. Then the fastest crash in the market's history, just about, back down to 1100. We then started to develop - as I said last week - a bear flag pattern. Within this bear flag pattern there is another small head-and-shoulders pattern that seems to be forming over the past 2 weeks. If it holds, the next target down for the S&P is 100 points down from the neckline of this new head-and-shoulders, which would be 1120 - 100 = 1020, which would completely erase all the gains of the QEII bear-market rally, which also doubles as a point of significant support.

By that time you'll have lost 70% of your money on your double-long SSO. Kiss it good-bye now.

But you're right about this: I missed the bear market rally. That's okay by me.

> 'twas you who bragged about the performance of SSO, double-long the S&P

Yes, the ones I bough a couple years back, and took profits on, especially with dow in the 12s.. nice of you to remember! If you think I was BUYING those in the 12s - as you just said - you are as dumb as you look... I was SELLING them in the 12s. As I clearly posted here, multiple times.

Sorry, you just made that up, toots.

> I admit that I missed out on a bear-market rally

Funny, you claimed you rode it last week!

Steve, poor Steve, you lie so much you can't even keep your lies straight...

"you claimed you rode it last week!"

No, no, no, no, no. I said I rode the market up from February 2009 to May 2010. I did not participate in the QEII bubble - just like I didn't participate in the dot.com bubble, either.

And I also said that I sold most of my shorts with limit orders during the carnage that occurred after the Downgrade, while it was you who said - quite clearly - that you were going to "put your profits back to work" after you sold some of your SSO and incurred capital gains tax on it, then bought it right back again and watched it collapse.

So of course - since you're familiar with the wash rule, as I'm sure you are - your newly incurred 30% losses can't be offset against any gains you might have made when you sold your SSO.

Which = Net Loss.

Poor Ediot Wilson.

> I said I rode the market up from February 2009 to May 2010

yeah, suuuuuuuuuuuure. As you were screaming sell.

Sorry you blew it!

> And I also said that I sold most of my shorts with limit orders during the carnage that occurred
> after the Downgrade

Too bad you shorted with stocks lower than they got in the carnage!
Whoops!

And you're still pretending I bought SSOs at 12...

priceless!

Sorry you're so pissed off Steve. Maybe you'll actually make money in your next lifetime, and not have to move into Century Village with your grandmother.

And unlike you, Ediot - I don't claim to have Magic Powers, and I don't claim that every trade I make makes money. They don't. Sometimes I win, sometimes I lose - overall I win. Sometimes I win fast, sometimes it takes time.

I said very clearly many times that I never expected the Dow to go above 11,500 - which is when I did the bulk of my shorting, if you must know, though I did do some shorts at about 10,500; those are the ones I still hold. The 11,500 shorts I sold during the carnage, at a profit.

That's the difference between us, and why you're not credible: every trade you make you claim to make a profit. I'm honest.

Steve calling someone else not credible..... now THAT is priceless.

You are delusional. You claim trades you make after that fact... and they change over and over again. I caught you doing that, what, 5 times? I love the China "I don't own... wait I own, I rebought" nonsense, that was precious. BSexposer called you out on specific trades as well, and you never responded to him either.

Keep it up, Steve, this is funny!

See, Ediot, there you go again. You never change. As if it's not possible to own something and sell it and buy it back later - JUST NOT WITHIN 30 DAYS.

In fact, the different China trades (and it was a long time ago...) took place a year apart.

Only YOU make 100% Perfect Trades Every Time.

Priceless.

PS: My grandmothers are dead.

Keep rewriting history, Steve... it is definitely funny.

guys it case you have not noticed, this is a RE site.

Brooks2, so new to streeteasy, but already so offended by off-topic posts and trying to police everyone else who has been here longer than you.

Steve and somewhereelse and JuiceMan and LICComment have an ongoing thing. You aren't going to change it.

Oh, man, so funny, I farted..

"If you look at recent market action, Ediot - and don't believe me, PLEASE! - you see that we were in a head-and-shoulders pattern right before the crash, peaking at S&P 1136. Then the fastest crash in the market's history, just about, back down to 1100. We then started to develop - as I said last week - a bear flag pattern. Within this bear flag pattern there is another small head-and-shoulders pattern that seems to be forming over the past 2 weeks. If it holds, the next target down for the S&P is 100 points down from the neckline of this new head-and-shoulders, which would be 1120 - 100 = 1020, which would completely erase all the gains of the QEII bear-market rally, which also doubles as a point of significant support.

By that time you'll have lost 70% of your money on your double-long SSO. Kiss it good-bye now.

But you're right about this: I missed the bear market rally. That's okay by me."