Art Cashin
Has anybody heard this guy lately? I definetly get the sence that he has his money on the sidelines and has missed this rally. Now he is doing everything in his power to make the market go down. At first I thought he was just bearish, now I am convinced he has missed it and he is angry!
the trap.
mar 2009 too much cash. 10 times worse then 87, 90,98,02 bears fukced try to justify that they messed up big time its a wonderful thing art sounds real dumb we going higherHe has bee negative all the way up from the March lows. He has missed it big time.Has anybody heard this guy lately? I definetly get the sence that he has his money on the sidelines and has missed this rally. Now he is doing everything in his power to make the market go down. At first I thought he was just bearish, now I am convinced he has missed it and he is angry!
Hey guy’s what do expect he works for a wirehouse
They cannot manage there own money let alone anyone else's[quote=Greenbacks]Hey guy’s what do expect he works for a wirehouse
They cannot manage there own money let alone anyone else's [/quote]he is director of floor operations, not in research. just a grizzly old coot that has great entertainment value for the cnbc folks.
The UBS research has actually nailed it, the where the highest overweight in equities in the history of the firm over last 6 mo's.
[quote=Greenbacks] Hey guy’s what do expect he works for a wirehouse
They cannot manage there own money let alone anyone else’s [/quote]
what a stupid comment
That is classic. Roubini has no clue about short term market movements and neither does Buffett, but half of this site participants think they do.http://www.businessinsider.com/the-idiot-maker-rally-2009-10#nouriel-roubini-how-low-can-the-market-go-1
I wouldn’t discount Cashin. The guy is smart, experienced, and he’s a hell of a lot closer to the action than any of you jokers. Give it another few months and we’ll see if he’s still wrong.
[quote=mlgone] loved Rosenberg at ML.
He called this whole thing. I saw it in June of 08 with (saw it with my clients…not cool)
Totally missed the rebound. Missed the whole thing
Proves you can’t listen to one guy…[/quote]
Rosenberg called it EXACTLY. 100% spot on
And thats the problem with perma bears. They are like broken clocks.
jeremy Granthem DID reverse and get bullish at 6500 BUT went back to the sky is falling at 9k.
Warren=God that is what works
Yeah a grissly old coot.
50 years on the floor of the NYSE. I am sure that you have seen as much in your career.
Head of all NYSE floor brokers. I am sure you have risen to the top spot in your area of the firm.
But you are probbably correct. Experience doesn’t matter. Having seen many bear and bull markets doesn’t matter.
Probabbly doesn’t matter that he understands a great deal more than all of us.
Oh my what are we to do. I guess we will listen to the rookies and money managers who have never seen a bear market. That makes a lot of sense to me.
[quote=secretknowledge]Yeah a grissly old coot.
50 years on the floor of the NYSE. I am sure that you have seen as much in your career.
Head of all NYSE floor brokers. I am sure you have risen to the top spot in your area of the firm.
But you are probbably correct. Experience doesn’t matter. Having seen many bear and bull markets doesn’t matter.
Probabbly doesn’t matter that he understands a great deal more than all of us.
Oh my what are we to do. I guess we will listen to the rookies and money managers who have never seen a bear market. That makes a lot of sense to me.[/quote]
you know what — great post! - it does not matter. only matters 2% as market timing is that much attributable to returns (see Brinson, Hood, Beebower 1986 study). ACTIVE asset allocation is over 90% responsible. does not matter what art says does not matter what cnbc says.
My own IRA is almost all the way back to where it was a year ago because I follow a boring asset allocation with I shares and a few good mf’s and rebalance…
Art does have great lines – “marinate ice cubes”
Thank you ABOM. Thank you.
[quote=ABOM]
[quote=secretknowledge]Yeah a grissly old coot.
50 years on the floor of the NYSE. I am sure that you have seen as much in your career.
Head of all NYSE floor brokers. I am sure you have risen to the top spot in your area of the firm.
But you are probbably correct. Experience doesn’t matter. Having seen many bear and bull markets doesn’t matter.
Probabbly doesn’t matter that he understands a great deal more than all of us.
Oh my what are we to do. I guess we will listen to the rookies and money managers who have never seen a bear market. That makes a lot of sense to me.[/quote]you know what — great post! - it does not matter. only matters 2% as market timing is that much attributable to returns (see Brinson, Hood, Beebower 1986 study). ACTIVE asset allocation is over 90% responsible. does not matter what art says does not matter what cnbc says.My own IRA is almost all the way back to where it was a year ago because I follow a boring asset allocation with I shares and a few good mf’s and rebalance…Art does have great lines – “marinate ice cubes”[/quote]
As for the Brinson study, their findings about asset allocation are related to variance, not performance. The whole, “asset allocation accounts for over 90% of investment returns” is hogwash, and not within the scope of the Brinson study. Also, there is the issue of shared variance among pension fund managers. In a study of 91 pension fund managers, there is bound to be shared variance.
Not to mention, that the pension fund managers were already using broad diversification, which would automatically limit the impact of any skilled security selection.
Misuse of statistics has been rampant for years, but most especially in the 70’s and 80’s.
In addition, this does not take into account the mandate of pension fund managers to conservatively invest their clients funds.
The method used is sound, but the population is flawed. In addition, in order to prove effective, it needs to be conducted over several different time periods.
Did you also know that there was an academic meta-analysis that concluded that real estate, commodities and high-yield bonds add more value than stocks, (safe) bonds or mutual funds (Bekkers, Doeswijk and Lam)?
Are you going to now start adding a significant amount of gold and real estate to your clients portfolios?
Seriously. You guys talk about the sheep following CNBC, but forget about the sheep blindly following Brinson, Hood Beebower, Singer, Ibbotson or even the anti-MPT people who support Jahnke.
Keep in mind Barack Obama won a Nobel prize too.
Brokers are nothing without their clients, would love to see any broker go out and try to raise money for private equity. A guy like cashin could raise 1b in a matter or minutes.
[quote=WFAt]
Brokers are nothing without their clients.
[/quote] great insight. thankshttp://www.cnbc.com/id/15840232?video=1300098411&play=1
Cashin stays negativeWhere is the negative queerbait howaboutashoeshine? Thought we’d see him at the new lows.
[quote=secretknowledge] Yeah a grissly old coot.
50 years on the floor of the NYSE. I am sure that you have seen as much in your career.
Head of all NYSE floor brokers. I am sure you have risen to the top spot in your area of the firm.
But you are probbably correct. Experience doesn’t matter. Having seen many bear and bull markets doesn’t matter.
Probabbly doesn’t matter that he understands a great deal more than all of us.
Oh my what are we to do. I guess we will listen to the rookies and money managers who have never seen a bear market. That makes a lot of sense to me.[/quote]
all true
interesting guy
good sense of humor
have respect for him
BUT, in this case
he has been WRONG -period
been a bear from spx 667 and dow 6500
he sounds foolish
WRONG. He wasn't a bear till S&P 950. Oh ya is was a screaming BULL through the 90's. Rode the Nasdaq to 3,000 before he bailed. ( it went to 5,000, so I guess he was wrong again ). In fact, he isn't even a bear now. He is on the sidelines, not short. 38 years in the biz, top of his game, survived the worst markets in history, made a fortune, he's probably way off though. I'm sure ibbotson will serve you better.[quote=secretknowledge] Yeah a grissly old coot.
50 years on the floor of the NYSE. I am sure that you have seen as much in your career.
Head of all NYSE floor brokers. I am sure you have risen to the top spot in your area of the firm.
But you are probbably correct. Experience doesn’t matter. Having seen many bear and bull markets doesn’t matter.
Probabbly doesn’t matter that he understands a great deal more than all of us.
Oh my what are we to do. I guess we will listen to the rookies and money managers who have never seen a bear market. That makes a lot of sense to me.[/quote]
all true
interesting guy
good sense of humor
have respect for him
BUT, in this case
he has been WRONG -period
been a bear from spx 667 and dow 6500
he sounds foolish
You never say anything dude. Get a life and get off this blog. I am sick of your stupid comments. You back up nothing and won't last long in this biz anyways. You're a homophobe and anyone that agrees with any of your half retarded commentary proves how stupid they are as well. Being liked on this blog site is easy as hell. FYI. I choose truth. This is the last response your plumb dumb ars will get from me unless you actually say something. You inspire negativity. CONGRADULATIONS, you are definitley from Merrillur so stupid shoeshiner
ur embASSing
Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is.
You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear.
And you’re gay. Even admitted. There’s some truth for you.
Rosenberg has been correct all along. The segment of the bond market he has suggested to put money into has outperformed the equity indexes during this run with less risk. On the equity side it has and will continue to be a traders market, and there isn’t anything wrong with that, but as a whole, the market is overvalued at this point.
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is......you don't even realize how stupid they are. Go fck yourself!!!! Don't reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or.....what is the djia's directional bias? Fcking retard!Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is.
You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear.
And you’re gay. Even admitted. There’s some truth for you.
I agree. The guys at BCA called the same thing in January and boy did they get that right!Rosenberg has been correct all along. The segment of the bond market he has suggested to put money into has outperformed the equity indexes during this run with less risk. On the equity side it has and will continue to be a traders market, and there isn’t anything wrong with that, but as a whole, the market is overvalued at this point.
[quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is…you don’t even realize how stupid they are. Go fck yourself!!! Don’t reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or…what is the djia’s directional bias? Fcking retard![/quote]
You still haven’t answered the question.
You remind me of children when they don’t understand something. They say, “That’s stupid”. Let’s them off of the hook.
The fact that you can’t answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn’t in the realm of possibility for you.
And you’re gay.
[quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.[/quote]
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is......you don't even realize how stupid they are. Go fck yourself!!!! Don't reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or.....what is the djia's directional bias? Fcking retard![/quote]
You still haven't answered the question.
You remind me of children when they don't understand something. They say, "That's stupid". Let's them off of the hook.
The fact that you can't answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn't in the realm of possibility for you.
And you're gay.[/quote] you really do project pssy. The directional bias for the original DOW 30 is straight down because only one of those companies even exist anymore. Do you know which one? That's the real answer retard. You are a homophobe and if I were gay I would be very proud of it. Better than being a plumb dumb redneck from the south! oops, how did I know that? The answer to the options question is..... the market maker is going to fck everyone and keep the spread. So, there will be little to no price action. you can't google that,so as I said, you didn't have achance. Any more wholesaler questions trainee?
[quote=howboutshoeshine][quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]
[quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is…you don’t even realize how stupid they are. Go fck yourself!!! Don’t reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or…what is the djia’s directional bias? Fcking retard![/quote] You still haven’t answered the question. You remind me of children when they don’t understand something. They say, “That’s stupid”. Let’s them off of the hook. The fact that you can’t answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn’t in the realm of possibility for you. And you’re gay.[/quote]
you really do project pssy. The directional bias for the original DOW 30 is straight down because only one of those companies even exist anymore. Do you know which one? That’s the real answer retard. You are a homophobe and if I were gay I would be very proud of it. Better than being a plumb dumb redneck from the south! oops, how did I know that? The answer to the options question is… the market maker is going to fck everyone and keep the spread. So, there will be little to no price action. you can’t google that,so as I said, you didn’t have achance. Any more wholesaler questions trainee?[/quote]
You are right and wrong. I wasn’t talking about the original DOW 30, just the DJIA in general. Only one of those companies exist anymore? Where are you getting your information? Romper room?
Directional bias is down because the Dow is a price-weighted index and stock dividends and splits cause their prices to decline, which reduces their weight in the index. Thanks for taking a week to figure it out and then, quite expectedly, come up with the right answer but the wrong reason.
And you’re still gay.
Shut up --- ------ ---- --- --- --- --- ---- ---- --------- Being gay ---- ------ ---- ---- --- - ---- ---- --------- in the toilet this morning ---- --- ---- --- ------ --- ---- ----- -------- - -------- --- ---- ----- ------ ---- --- ----- ----- is --- ---- ---- ------- --- ------ ---- --- -- --- -------- ---- ----- -- -- ---- ---- --------- ---------- -- --- ---- NOTHING to --- -- ----- --- me ------ ------ -------- -- ---- -- --- ---- --------- ---- ------ ------![/quote] Woah, if you read between the lines and remove some punctuation, you can really see where shoeshine's aspirations are...very Larry Craig of you.[quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is.
You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear.
And you’re gay. Even admitted. There’s some truth for you.
[quote=howboutshoeshine][quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.
Shut up — ------ ---- — — — — ---- ---- --------- Being gay ---- ------ ---- ---- — - ---- ---- --------- in the toilet this morning ---- — ---- — ------ — ---- ----- -------- - -------- — ---- ----- ------ ---- — ----- ----- is — ---- ---- ------- — ------ ---- — – — -------- ---- ----- – – ---- ---- --------- ---------- – — ---- NOTHING to — – ----- — me ------ ------ -------- – ---- – — ---- --------- ---- ------ ------![/quote]
Woah, if you read between the lines and remove some punctuation, you can really see where shoeshine’s aspirations are…very Larry Craig of you.[/quote]
[quote=Moraen] [quote=howboutshoeshine] [quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.[/quote]
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is......you don't even realize how stupid they are. Go fck yourself!!!! Don't reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or.....what is the djia's directional bias? Fcking retard![/quote] You still haven't answered the question. You remind me of children when they don't understand something. They say, "That's stupid". Let's them off of the hook. The fact that you can't answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn't in the realm of possibility for you. And you're gay.[/quote]
you really do project pssy. The directional bias for the original DOW 30 is straight down because only one of those companies even exist anymore. Do you know which one? That's the real answer retard. You are a homophobe and if I were gay I would be very proud of it. Better than being a plumb dumb redneck from the south! oops, how did I know that? The answer to the options question is..... the market maker is going to fck everyone and keep the spread. So, there will be little to no price action. you can't google that,so as I said, you didn't have achance. Any more wholesaler questions trainee?[/quote]
You are right and wrong. I wasn't talking about the original DOW 30, just the DJIA in general. Only one of those companies exist anymore? Where are you getting your information? Romper room?
Directional bias is down because the Dow is a price-weighted index and stock dividends and splits cause their prices to decline, which reduces their weight in the index. Thanks for taking a week to figure it out and then, quite expectedly, come up with the right answer but the wrong reason.
And you're still gay. [/quote] You are WRONG WRONG. Do not speak to me as if you know anything. There is one company still within the DOW. PERIOD. Now shut your face and google something else to ask me. Oh ya.....that one company is GE. Now respew that to someone else in an effort to sound intelligent. ( I think that's impossible, but give ti the ol college try.)
Shut up --- ------ ---- --- --- --- --- ---- ---- --------- Being gay ---- ------ ---- ---- --- - ---- ---- --------- in the toilet this morning ---- --- ---- --- ------ --- ---- ----- -------- - -------- --- ---- ----- ------ ---- --- ----- ----- is --- ---- ---- ------- --- ------ ---- --- -- --- -------- ---- ----- -- -- ---- ---- --------- ---------- -- --- ---- NOTHING to --- -- ----- --- me ------ ------ -------- -- ---- -- --- ---- --------- ---- ------ ------![/quote] Woah, if you read between the lines and remove some punctuation, you can really see where shoeshine's aspirations are...very Larry Craig of you.[/quote] -------------------------You-----------------------------are----------------------------nothing--------------------------and------------------------------no one------------------------------------------[quote=howboutshoeshine][quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is.
You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear.
And you’re gay. Even admitted. There’s some truth for you.
[quote=Moraen] [quote=howboutshoeshine] [quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is…you don’t even realize how stupid they are. Go fck yourself!!! Don’t reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or…what is the djia’s directional bias? Fcking retard![/quote] You still haven’t answered the question. You remind me of children when they don’t understand something. They say, “That’s stupid”. Let’s them off of the hook. The fact that you can’t answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn’t in the realm of possibility for you. And you’re gay.[/quote]
you really do project pssy. The directional bias for the original DOW 30 is straight down because only one of those companies even exist anymore. Do you know which one? That’s the real answer retard. You are a homophobe and if I were gay I would be very proud of it. Better than being a plumb dumb redneck from the south! oops, how did I know that? The answer to the options question is… the market maker is going to fck everyone and keep the spread. So, there will be little to no price action. you can’t google that,so as I said, you didn’t have achance. Any more wholesaler questions trainee?[/quote] You are right and wrong. I wasn’t talking about the original DOW 30, just the DJIA in general. Only one of those companies exist anymore? Where are you getting your information? Romper room? Directional bias is down because the Dow is a price-weighted index and stock dividends and splits cause their prices to decline, which reduces their weight in the index. Thanks for taking a week to figure it out and then, quite expectedly, come up with the right answer but the wrong reason. And you’re still gay. [/quote]
You are WRONG WRONG. Do not speak to me as if you know anything. There is one company still within the DOW. PERIOD. Now shut your face and google something else to ask me. Oh ya…that one company is GE. Now respew that to someone else in an effort to sound intelligent. ( I think that’s impossible, but give ti the ol college try.)[/quote]
That’s not what you said. You said, there is only one company in the original Dow 30 that still exists. You did not say, there is only one company in the original Dow 30 that is still in the Dow 30 now. Chrysler, General Motors, Sears, Want to try again gay boy?
Oh and you were still wrong about the DJIA. You know nothing. Also, redneck? Don’t pretend to know anything about me when you don’t. Redneck implies that I’m white, which I’m not. If you even knew my last name you would know that.
Queer.
[quote=Moraen] [quote=howboutshoeshine] [quote=Moraen] [quote=howboutshoeshine] [quote=Moraen]Congratulations shoeshine - you still can’t spell. You don’t know what a ‘blog’ is. You have absolutely no knowledge of how the financial markets work, how they fit into the larger economic picture or even basic index calculations. You keep making ridiculous predictions that you either a) saw on CNBC or b) pulled out of your a$$. And you accuse others of parroting what they hear. And you’re gay. Even admitted. There’s some truth for you.
Shut up you fcking pssy. YOU are the one with ZERO knowledge! Being gay must strike home with you. I left more knowledge in the toilet this morning than you ever had rookie! you have never answered a question and only asked stupid ones. The funny thing is…you don’t even realize how stupid they are. Go fck yourself!!! Don’t reply to me with your dimwitted commentary if you have NOTHING to say. Or maybe ask me another dividend question? Or…what is the djia’s directional bias? Fcking retard![/quote] You still haven’t answered the question. You remind me of children when they don’t understand something. They say, “That’s stupid”. Let’s them off of the hook. The fact that you can’t answer them is proof positive that you are an idiot. You can spout all you want about options (which by the way you can find any of that info in Options Trading for Dummies - I checked since I figured that was your source), but having an even basic understanding of what you are talking about seems like it isn’t in the realm of possibility for you. And you’re gay.[/quote]
you really do project pssy. The directional bias for the original DOW 30 is straight down because only one of those companies even exist anymore. Do you know which one? That’s the real answer retard. You are a homophobe and if I were gay I would be very proud of it. Better than being a plumb dumb redneck from the south! oops, how did I know that? The answer to the options question is… the market maker is going to fck everyone and keep the spread. So, there will be little to no price action. you can’t google that,so as I said, you didn’t have achance. Any more wholesaler questions trainee?[/quote] You are right and wrong. I wasn’t talking about the original DOW 30, just the DJIA in general. Only one of those companies exist anymore? Where are you getting your information? Romper room? Directional bias is down because the Dow is a price-weighted index and stock dividends and splits cause their prices to decline, which reduces their weight in the index. Thanks for taking a week to figure it out and then, quite expectedly, come up with the right answer but the wrong reason. And you’re still gay. [/quote]
You are WRONG WRONG. Do not speak to me as if you know anything. There is one company still within the DOW. PERIOD. Now shut your face and google something else to ask me. Oh ya…that one company is GE. Now respew that to someone else in an effort to sound intelligent. ( I think that’s impossible, but give ti the ol college try.)[/quote]
You are a liar. The closest you get to managing peoples money is when you blow brokers in the park.
I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.
Believe me when I say that these guys are barely brokers. Most of them are within 2 years of their hire date. These guys are not professional and one way or another pulled me into their negativity. Anyone that reads this thinks exactly what you just said. Redneck does not = black oh ya..... you're the one that has NEVER answered a single question, so let's get thta straight now!I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.
EdMcmahon, your the idiot that still doesn’t know gold was valued at $850 in 1980 right? Who you calling an idiot, at least Moron can google
I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.
funny
No it's not. This profession has deteriorated to used car salesman, but that will be over soon.[quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote]
funny
Back to Art…I’m marinating a few ice cubes tonight…he may be wrong for the moment on the markets, but he had a darn good suggestion there.
EdMcmahon, your the idiot that still doesn’t know gold was valued at $850 in 1980 right? Who you calling an idiot, at least Moron can google
Why don't you tell the truth instead of talking in circles. You don't manage money. Know how I know? This is the third time I have pointed out, and you have yet to mention it. And because I know who you are, the little b!tch who cleans my toilets.
No it's not. This profession has deteriorated to used car salesman, but that will be over soon.[/quote] There was a book written in 1969 by Richard Nay called the Wall Street Jungle..the opening of that book starts..."people enter the investment profession who have no skills to do anything else, much like a prostitute." That book was written 30 years ago and damn it is right on the money[quote=Shania Twain] [quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote]
funny
No it's not. This profession has deteriorated to used car salesman, but that will be over soon.[/quote] There was a book written in 1969 by Richard Nay called the Wall Street Jungle..the opening of that book starts..."people enter the investment profession who have no skills to do anything else, much like a prostitute." That book was written 30 years ago and damn it is right on the money[/quote] LIMT!!! Great book!![quote=howboutshoeshine][quote=Shania Twain] [quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote]
funny
[quote=Shania Twain] [quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote] funny
No it’s not. This profession has deteriorated to used car salesman, but that will be over soon.[/quote]
Another brainless prediction. Are you going to be the one out of the job. Sorry that you can’t even answer the simplest of questions.
You want to have a market debate - I’m game. What would you like to start with? Basic quantitative analysis? Financial statement analysis? Equities? Hedge funds?
Keep in mind shoeshine - you started the vitriolic portion of the thread. I just decided to come down to your level. The fact that you think you know everything highlights just how much you don’t know. I figured out when I was 20 that I didn’t have all of the answers. And it becomes even more apparent when you’ve been to combat. And by the time you’ve finished the Level III CFA exam you realize you know even less.
Get a life. Quit posting crap.
[quote=alwaysaguest]I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.
Believe me when I say that these guys are barely brokers. Most of them are within 2 years of their hire date. These guys are not professional and one way or another pulled me into their negativity. Anyone that reads this thinks exactly what you just said.
Redneck does not = black
oh ya… you’re the one that has NEVER answered a single question, so let’s get thta straight now![/quote]
What the hell are you talking about? Redneck does not = black. I said I wasn’t white. Didn’t say I was black. And even if I was your statement still doesn’t make sense. If I’m black, and you say “Redneck does not = black”, then I’m not a redneck and you contradicted yourself.
And you’re still so gay.
I have no problem entering a debate always. The problem is when pikers like shoeshine get on and start spouting off about how everybody but him is going to be out of a job because he is so smart. He can’t even answer simple questions. And then when he does, it takes him a week to answer with the WRONG answer.
[quote=howboutshoeshine][quote=Shania Twain] [quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote] funny
No it’s not. This profession has deteriorated to used car salesman, but that will be over soon.[/quote]
There was a book written in 1969 by Richard Nay called the Wall Street Jungle…the opening of that book starts…“people enter the investment profession who have no skills to do anything else, much like a prostitute.” That book was written 30 years ago and damn it is right on the money[/quote]
Interesting post fritz - does that include everybody who started in this business, including you?
What about shoeshine? I guess he does have the skills to be either a shoeshiner or a gay prostitute.
Interesting post fritz - does that include everybody who started in this business, including you?
What about shoeshine? I guess he does have the skills to be either a shoeshiner or a gay prostitute.
It does include me. I will leave the shoeshining to you, but this is the easiest job in the world to make the cash we make. Most spin a great web, market their ass off and hope for the best making 200k a year in the process. No talent, no skill, six figure job. Not bad.
[quote=howboutshoeshine] Interesting post fritz - does that include everybody who started in this business, including you? What about shoeshine? I guess he does have the skills to be either a shoeshiner or a gay prostitute. It does include me. I will leave the shoeshining to you, but this is the easiest job in the world to make the cash we make. Most spin a great web, market their ass off and hope for the best making 200k a year in the process. No talent, no skill, six figure job. Not bad.
Also, I am surrounded by wealth and know how hard they work so please no diatribes about how hard you work. It isn’t sht compared to a top exec. or biz owner.[/quote]
I am a business owner. Own an RIA firm. Don’t tell me how hard I work.
I don’t need to tell you how much I make. There are lots of people who make more than me.
[quote=Moraen] [quote=fritz] [quote=howboutshoeshine][quote=Shania Twain] [quote=alwaysaguest] I’m so proud to be part of a profession where “you’re still gay” and “when you blow brokers in the park” are considered reasonable elements of debates over market direction and investing techniques.[/quote] funny[/quote]
No it's not. This profession has deteriorated to used car salesman, but that will be over soon.[/quote]
There was a book written in 1969 by Richard Nay called the Wall Street Jungle..the opening of that book starts..."people enter the investment profession who have no skills to do anything else, much like a prostitute." That book was written 30 years ago and damn it is right on the money[/quote]
Interesting post fritz - does that include everybody who started in this business, including you?
What about shoeshine? I guess he does have the skills to be either a shoeshiner or a gay prostitute.
[/quote] Yes that includes me, or I would have left along time ago. I have asked about 1/2 of office over the years when people bitch about stuff, "what else would you do?" and the faces go blank. I do believe that most in this business are not able to do anything else.
[quote=Moraen] [quote=howboutshoeshine] Interesting post fritz - does that include everybody who started in this business, including you? What about shoeshine? I guess he does have the skills to be either a shoeshiner or a gay prostitute. It does include me. I will leave the shoeshining to you, but this is the easiest job in the world to make the cash we make. Most spin a great web, market their ass off and hope for the best making 200k a year in the process. No talent, no skill, six figure job. Not bad.
Also, I am surrounded by wealth and know how hard they work so please no diatribes about how hard you work. It isn't sht compared to a top exec. or biz owner.[/quote]
I am a business owner. Own an RIA firm. Don't tell me how hard I work.
I don't need to tell you how much I make. There are lots of people who make more than me.[/quote] This is just an observation, but how many biz owners or exec's spend all day in chat rooms? You may have a reason such as recruiting, but the inability to know who you're speaking with ruins that. I can't even get some of my successful friends to text during business hours, so I think you probably still have it pretty easy compared to most. I don't even have the time most people have here and I am a confessed lazy person when it comes to this biz!
shoeshine.
I do zero prospecting. I don’t need to do much. Plus, there is such a thing as multi-tasking. I come on here to get some good ideas (read: Economic forum). Some are good others aren’t. I also use it to blow off steam.
I have done a small amount of recruiting here, but nothing that has panned out. I have also gotten quite a few good business relationships out of it though and created a few strategic partnerships. Helps when you don’t insult everyone’s intelligence and try to piss everybody off.
This business is not just one thing (cold-calling and working with retail customers). It can be so much more in the RIA world. You just have to look. You can get paid for writing newsletters (and some of your research information can be things you’ve heard on here and then corroborated independently). You can get government contracts and be paid for education sessions. You simply set up a consulting business. Or, and here is the kicker - you can do all of these.
Like you described yourself. You are lazy. The busier I am the more things I can handle. The lazier I am… well, the more it seems like time gets away from me.
For instance, while I’m typing this email, I am also editing a commercial we use on GoogleTV. Sometimes there are load times. But it’s interesting, I can watch it and type at the same time.
When you talk about how a lot of people will be out of business, you may be right. But I’ve created a strong, diversified business model with several profitable lines of business and good people to work for me, so that in the next recession (or depression), I’ll be able to thrive.
Surprised Shoeshine is not on here tooting his horn.
Source URL:https://www.wealthmanagement.com/forums/whats-firms/art-cashin