I was playing with my new slinky on the steps of Dalaran bank. It’s hours of exhilarating stretch-and-recoil entertainment.
Aimee the pastry vendor cannot stop looking at me, her eyes sparkling with hopes—I hope he’s got some vendor trash today. Oh gosh, what will I say when he comes over?
Too bad I have no interest in her or her croissants. Her chocolate cake looks delicious, but as sweet as I am, I don’t need any sugar. I carry Johnny Depp-equivalent social status and she’s just a commoner. Even if she’s a Ford super model, I’m Jong and girls like her are dime a dozen.
Then I thought, what if this was real life? If there’s a pastry vendor who looks anything like Aimee, I’d go see her everyday 3-4 times a day. Hi… erm… uh… I’ll take some muffins… and some bagels… and… just give me everything. Yes, the whole cart. I’ll buy the whole cart.
In real life, I’m a bond trader and I drive a mid-price suv. In wow, I’m a fucking PALADIN and I ride around on CocaCola polar bear singing bah bah bah bah bah joy of cola… wait, that’s pepsi.
The quality of my fantasy life is better than that of my real life in just about every aspect. I think the only thing that’s more stimulating in real life is the auction house. Whereas wow AH only allows for cash-based spot transactions on limited number of goods and commodities, CBOE let’s me do all kinds of fancy pants stuff on everything. Pro tip: You may not be ready to trade options if… 1) Terms like butterfly spread, straddle, and backward induction tend to arouse you. 2) You think Vega is a car, Delta is an airline, and Gamma is your momma’s momma.
I only trade ETF’s now days. Last week, I got into FAZ. This is a leveraged ETF that yields INVERSE of the returns on big financial company stocks. That is, I make money when the financial stocks go down in prices—isn’t that fun? I also got into FXP (yields 2x inverse of the big Chinese stocks)... The current growth is fueled by demands from China, and all the investors are going nuts like them Chinese guys on Pai Gow table. I’m calling out on the fact that they’re trading on hopes & dreams instead of numbers. Fundamentals will come into pressure come September, and it’ll be Christmas for me.
EDIT: Why am I bearish? Nothing's changed since Q1-09, but the market has rallied 50%. I really think these people are crazy. Not let's-paint-the-kitchen-red crazy, but toothpaste sandwich crazy.
Disclaimer: This is not a solicitation for sales or investment. I don’t know what I’m talking about and you’ll get your nuts crushed if you follow my investment advice.