What I been sayin'.
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In the interest of full disclosure and keeping in mind that not once have I ever represented myself as being a real nice person, by the end of this thing I am laughing so hard my ribs ache and my eyes are filled with tears.
The middle Roanboy is completely disgusted over me ROFLMAO at this poor kid's pain.
Ahhh, but the middle Roanboy has been blessed in this life in that he has experienced very little in the way of real adversity.
And unlike his father he couldn't possibly understand what EVERYBODY, which is to say EVERY SINGLE BODY WITHOUT EXCEPTION who has ever traded his own money for a living knows firsthand but can't even begin to accurately describe.
That being the sick, all encompassing, inconsolable grief, despair and self-loathing that accompanies the knowledge that you have just screwed yourself out of all your money and ........................ it's nobody's fault but your own.
There's really nothing like it.
My father used to say, "You aren't a boater until you've hit the dock ........ hard"
The truth is, you ain't a trader until you've gone broke ............. hard.
I like this kid, admire his cajones and hope he catches some lessons and bounces back.
If he sticks however, as Denny McClain once famously said,
Be warned, the language is ..... strong.
Which is to say that the language essentially amounts to the use of only one word, although in all of it's possible forms and with both great skill and passion.
Business Insider Clusterstock also has a "Chart of the Day" which like the other "Chart of the Day that we post here from time to time also could be more accurately called 'The Chart of Whenever We See Fit To Send It To You".
Still, the charts I've received have been mostly worthwhile.
The chart below links up to a short little piece that tells you that growth in the price of stocks has little to do with growth within the economy.
Presently your Uncle Roany is more likely to subscribe to the Richard Russell school of thought.
"The major movements of the stock market are meaningful.
The stock market is made up of the hopes, worries, research and aspirations of millions of people in every sector of life.
As such, the stock market possesses a strange, almost eerie, ability to discount the future.
To put it another way, everybody knows more than any one person or any group of people."
Notwithstanding the possibility of a change of mind if the damn thing doesn't start lining up a little more in accordance with my world view.
Chart of the Day strikes yet again with the inflation adjusted S&P 500 since 1990.
Click anywhere on the chart for a very short and worthy discussion.
I'll grab one small statistic for myself.
The annual rate of return for the S&P 500 when adjusted for inflation since 1900?
A question worth asking here has to do with what this chart would look like when dividends are figured in.
"Nearly everybody I read or talk to is convinced that we're in a new bull market -- a primary bull market which they claim started at the March 2009 low.
If the March 2009 was a bear market low, it was unlike any bear market low that I have ever seen.
Where were the "great values" that always present themselves at a bear market bottom?
Where were the juicy Dow dividend yields that we invariably see at true bear market bottoms.
For instance, back in 1981 the Dow dividend yield was 6.42%.
At the bear market low of 1974 the Dow dividend yield was 6.12%.
In 1940 the Dow dividend was 6.84%.
In the dark year 1931, the Dow dividend yield was 10.78%
Where were the fabulous values in March 2009?
The answer, March 2009 was not a true bear market bottom.
The next great bear market low lies ahead!"