financial reality

Separating fact from fiction in finance and economics


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  • InLibrisLibertas
    Location : Mill Valley, California, United States

    I'm an independent investor. I make my living from the returns on my investments. I work at home, in the northern part of the San Francisco Bay area. I spent most of my career as an executive in high-tech, although I also spent time in banking. Down to one kid in university now!

Illegitimi Non Carborundum

November 14th, 2008 by reality

Getting real tired of this market. Jerk up, jerk down. Too many jerks out there. Program trading run wild, in my opinion, way too many black boxes combined with credit problems and some portfolio liquidation. The action seems increasingly artificial to me. But I always seem to be attracted to the hard trade. Rationally, that’s good. Emotionally, not so much. Anyway, bought some TCK (Teck Cominco, a base metal - zinc, copper - and coal miner), added to my SU position. Like we’re going to be overflowing with oil? I think not.

And yes, I know that isn’t Latin. Noli nothis permittere te terere. The school I attended as a child, where I started learning Latin, just had its 600th. anniversary dinner on the 13th. November. Not a typo, founded 7th. September, 1408.

Edit: Action looking better. Bought some tech stocks - ADBE, EMC, CSCO, MSFT. For a trade.

Edit: Huge wave of (presumably) redemption selling by funds at the close. Took me back to my entry. Short term bearish but intermediate term bullish. J6P is bailing.

Posted in Asset Classes, Commodities, Energy, Metals & Mining, Rogues and Rascals, Stocks, Technology |

One Response

  1. moom Says:

    Interesting. I always assumed you were American-born. Can’t be British either unless one of these dates is wrong:

    http://en.wikipedia.org/wiki/List_of_the_oldest_schools_in_the_United_Kingdom

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