Stock pick(s)

[jesseps]

I practically sold off my completely portfolio just now. I feel sick to my stock, how fucked up the market is.

[cjb]

And how much did you loose ?

[cjb]

Investing in the stock market... probably one of the laziest and riskiest investment out there.

 

I haven't had a single penny there since 2008.

[jesseps]

And how much did you loose ?

 

I won't really say the figure, but it is a nice chunk of change.

[cjb]

Sorry to hear.

 

There's no such thing as easy money I guess

[Cyrus]

It makes you want to fly to Greece and go and punch someone in the face

[Malek]

http://www.youtube.com/watch?v=lqN3amj6AcE

[jesseps]

It makes you want to fly to Greece and go and punch someone in the face

 

Oh yah, but it seems like the Greeks are finally pulling their head out of their ass and thinking, maybe the world is right and they need to solve their problem.

 

I had a gut feeling to buy again yesterday and I didn't. I should really start going with my gut feeling more often. I could have been up an extra $1100. Oh well, shit happens right.

[cjb]

Je ne comprends pas pourquoi tout le monde s'est émut de ce que ce faux trader a dit tout haut.

 

N'est-ce pas vraiment ce que tous les fonds de ce monde espèrent et pensent vraiment ? Il y a vraiment beaucoup de gens naïfs pour s'émouvoir d'entendre la vérité tout haut. J'ai passé quelques années en finance et il n'existe rien d'autre que l'argent dans ce milieu, même si ça implique shorter ses parents.

[jesseps]

I did some quick calculations... The losses I have incurred, in the past month are around $7,000. There goes part of my retirement, but I still got 50 years to work on it.

 

Right now stocks are at like where they started at the start of the year. Between January 2007 and January 2009 some stocks were down 60%, that was a two year period. Stocks are down what 10-20% in the past 2 weeks, from the way it is going. This might actually be worse than a few years ago.