One of my favorite people of all time, Norm MacDonald, somewhat famously embarrassed Courtney Thorne-Smith in this Conan interview back in the late 1990s. If you haven’t seen it, you absolutely should watch the whole thing, or if you have seen it a dozen times, like me, you will enjoy watching it again.
On Thursday, May 4th, I tried to do something that I’ve done for about 4,300 consecutive days: launch ProphetCharts. However, for the first time ever in those 4,300 days, it didn’t load. And it didn’t load for one simple reason: it doesn’t exist anymore.
It was a strange feeling, but by virtue of planning ahead on my part (and more than a couple of miracles), I was ready for this. I had a new charting platform to use. And, unlike ProphetCharts, which I had sold in January 2005, I owned this one 100%. And, today, I give it to you, free of charge. I present to you: SlopeCharts. (more…)
Last week, my teenaged son asked me a sincere question: “How come Marissa Mayer got $200 million by screwing up Yahoo?”
It was a good question, and one I had trouble answering at first, because I’d like him to think that there’s some level of fairness, meritocracy, and sensibility to this world of ours. In Mayer’s case, however, there is none. Her entire massive fortune is due to being in the right place, at the right time, on multiple occasions. She is no more clever or shrewd than someone who won the mega-jackpot lottery. (more…)
And of this pleasant garden that I have mostly goodly planted, I will make him gardener for his own recreation….
If all goes as planned, the greatest and most widely-used thing I ever created in my life is going to be snuffed out. ProphetCharts, used by traders all over the world for the past dozen years, is going to be eliminated from existence by those who bought it a dozen years ago.
It was, I suppose, inevitable, but when I first got the news last December, I felt a sadness I didn’t expect. I would never compare the sense of loss to losing a child – – a pain I pray I never experience and would never wish on anyone – – but it did seem like my “first baby” was being killed, and I felt powerless.
I am deep in the throes of yet another personal project whose outcome I hope to reveal in the near future. During the course of this work, I printed out a 150 page API (application programming interface) documentation, and I wanted to put it in a binder.
Behind my desk are a couple of shelves filled with books and a few binders, each of which contains collected papers about different topics. I didn’t want to bother trying to find a new binder for my API documentation, and my eyes soon landed on something I had forgotten was even there: on the side of the binder was written, in my own poor scrawl, the name MARTIN ARMSTRONG.
For those of you unacquainted with the man, here’s the Wikipedia article, In fact, it turns out a few years ago they made a documentary about him, whose trailer is here:
Note from Tim: Nearly seven years ago, Market Sniper (“Dutch”) wrote a piece called The Very Last Day in One Trader’s Life, a personal tale. In a similar vein, another Sloper, whom has requested anonymity, offers up this autobiographical tale (unlike Dutch’s, which was about a friend), and I am grateful for this thoughtful contribution. I usually embellish posts, including those from outside contributors, with graphics to make them more interesting and approachable, but I am leaving this as an unadorned essay, as originally submitted:
Let’s talk about something dark. Something really dark. This may not be appropriate for a trading blog. This is a story about suicide. A very personal story about failed life expectations, great loss, and how nice guys finish last.
Ever since age 16, I was driven. I had high life goals, school was easy, grades were high, and life was high. Life came easy. I was born with a silver spoon. My parents were not super rich, but very conservative and had zero debt with enough savings to give their children every advantage they could. When I was old enough to drive, my dad gave me a 1979 Chevy. It was an old beater, it didn’t impress girls, but it was mine. I was proud of it. The Chevy taught me a lot about life. I always had a pair of jumper cables handy since that battery was always dead. A lesson, I had not yet realized the importance. There is always option B when things look dire. A backup plan.
Look, honestly, I know I am not the brightest bulb in the hardware store, but this is my perception of recent events:
- When Trump was elected, in spite of the initial “holy shit!” reaction of limit-down markets, people assumed his willingness to rape the environment and let corporations run amok would be really good for equities, so they bid them into the stratosphere.
- A key component – – indeed probably the most important component – – of his bluster was that he was going to “repeal and replace” ObamaCare. I frankly think there is NO solution to the health care mess in the U.S., but that’s not the point of this post.
- Even with BOTH houses of Congress in his party, he completely failed to pass his first major legislative initiative. Make no mistake, this should be perceived as a totally pathetic embarrassment which presages his utter failure as “President”
- This algo-driven market, since it’s completely retarded and devoid of thought, actually RALLIED on the news.
- Now that we’ve had the weekend to let reality sink in just a little bit, maybe the stupid algos are realizing what dumbfucks they were on Friday and are dumping the ES, as God intended.
Trump PEAKED with his silly little speech to Congress in February when the mass media desperately tried to pretend that, gee whiz, maybe he’s not psychotic. It’s all downhill from here folks.
Oh, and if you think I’m against the guy, I’m not. I support him fully. He’s just what I’ve been waiting for to push the globe into unchecked financial pandemonium. So I’m a fan! Go get ’em, ya orange freak.