BBC Interview with a Trader

Nothing like a no-name trader broadcasting doom when the markets are testing lows of last month. The market lows may not hold, but they have so far. This strikes me as folly that one can safely "profit" on a market crash. Lots of short sellers get squeezed out of their capital.

But what do you do with your money? That is a huge question. You can take it out of the stock market, you can spread it around to numerous banks. Is that the best plan?

I bet he's lost tons of money in the last 3 years.

I also thought, who is this guy? And he was really pushing people to "prepare for a down market," which makes me think he is talking his book.

The BBC reporter should have asked him what kinds of trades he is suggesting to clients right now. That would tell you where he is coming from.

"you can make money in down times, you just have to know how..."

"..like, by hedging"

"...or by bonds, like treasury bonds"

"the smart money, like hedge funds" yes, they're all the same irrespective of manager strategy, cause duhhh gordon gecko says so, hence my pink tie

"make money in a down market, by protecting assets..savings will go down" what? if one were to "protect assets" you'd assume conservative play, which relates to "savings"

"i dream about the recession, to make money at these times" missed the 2007 boat and stuck hawking one's wares in pure infommercial fashion? http://www.leadingtrader.com/about/ "trading with an edge," how edgyy..

yep, your typical MBA textbook (no real world experience) tool, who loves to talk a lot without really saying anything...

somewhere in Mumbai, a slightly obese mother gloats about her son being on BBC.. lucky for her, her Mumbai neighbors don't know the difference between a hedge fund vs retail banking vs millionaire game show...

pass the naan.

This guy is a complete joke. Not sure how BBC managed to get a complete fool on TV but he looks like a day trader with a few thousand dollars under management. He has no clue what he is talking about.

The trader? What about the interviewer. What a puff ball interview. You don't have even one defining question for someone who calls a stock market crash without any criteria? How about even a definition of crash. Equivalent to morons who think if it on the internet, it must be true.

apt23, cereally.. and london supposedly trumped ny in terms of financial savvy??? riight

at least maria bortiromo would have gave us a WTF are u smirk with her duck lips (though i find erin cuter, if i swung that way)

waiter, extra masala please..

Does any body really listen to these guys? think for yourselves.

ok, i watched it. what a dope.

Whether he's a dope or not, or whether he has a big portfolio or not, or whether he's calling the future correctly or not IS NOT THE POINT.
What is the point is that he's playing the "DON'T PASS LINE" in a game of craps. Except, in this case, the game of craps involves the whole global economy rather than a table in a Vegas casino. At least in a Vegas casino, everyone knows they are gambling. In the global economy, the stakes are much higher than a pile of chips. It involves people, nations, and the world - entities unaware of their losing roles in the casino of select, morally corrupt individuals.
Betting & hoping that everyone in the world loses so you can win is wrong. It may be legal, but it is wrong. And, what's even worse is that over the last decade or so we created a financial environment which enables such a morally corrupt and dangerous casino to thrive.
I'm all for financial markets and those individuals who properly work in them, but let's remember that their purpose was for the social good of creating liquidity for innovation, goods, and services - not for imploding the global economy and making a few guys very rich while everyone else suffers.

trying2understand, for those of us who have already wasted enough time watching that idiot on BBC, now you want us to read your 15 lines of more crap?

Forget it.

"At least in a Vegas casino, everyone knows they are gambling."

Take it you haven't been to AC? It's what we do broooo, fist pump.

how this dope got in front of a BBC camera is the real story here--

and shorts are good for our markets and for the economy...help limit bubbling, serves to regulate in the absence of regulators not owned by those they regulate

that the market rewards people who see bullshit and trade to profit on it is what keeps our markets honest

It was a HOAX, dummies. The same guy appeared as a Chemical Company spokesman on another news program.

http://nymag.com/daily/intel/2011/09/bbcs_goldman_sachs_rules_the_w.html