CPA (government contractor accounting consultant) and veteran homeschooler of 4 (11th yr), Harley rider, nearly debt free, CNBC is always on the big screen while I work. I live, eat and breathe numbers, I know it's weird, but it's just how God wired me.
Mad Money is fun to watch, ok for the amateur in bull markets, but a little fluffy for navigating this heavily damaged economy. Something just doesn't smell right -- other recoveries have been "jobless," but this time is different. This time unemployment is too high to allow a recovery.
I devour every article Nouriel Roubini puts out (he is by far the best gift Iran ever gave the world), enjoy listening to Mohamed El-Erian's wise comments, as well as Canadian bears Ian Gordon and Eric Sprott, and that beautiful Black Swan, Nassim Nicholas Taleb. I use their comments and warnings as triggers to take profits and reposition my portfolio.
Approximate cashed-out portfolio gains in main investment account since Crash of Sept 2008 to early Nov 2009: 55%. Approximate cashed-out portfolio gains in second account started in Feb 09: 67%. Best trades: MS on volatile trading days in Oct08, WB as it was acquired by WFC, HAL stolen in March 09 in mid teens as its price dove with oil, sold in mid-20's, multiple FAS trades beginning pre rev-split (first purchase was 3.75/share), WFMI on a short squeeze right after it reported earnings (thanks, Optionsmonster.com, for that tip). Sold into latest rally, went all cash and have been trading FAZ since late August.
The Mole (pseudonym) is a man in the know. I don't trade for a living, but instead work for a well-known Irish institution, heading a desk that regularly trades over €100 million a day. I aim to provide top quality, up-to-date and relevant market news and data, so that traders can make more informed decisions.
Visit The Mole's blog (http://www.paddypowertrader.com/blog/index.php/category/market-watch/).