Sad Guys on Trading Floors

Wednesday, October 08, 2008 | 12:15 PM

Dow_drop_5000 As noted yesterday, we lowered our Dow target to 9,000.  As we get closer to that, we start paying closer attention to contrary indicators.

Along those lines, a new tumblr blog, Sad Guys on Trading Floors, caught my eye.

Its funny and sad and poignant, but for our purposes, its a yet another in a list of contrary indicators that suggests things are getting overdone, and that sentiment is moving towards an extreme. A blog such as this could only be conceived of during times of extreme market stress.

As of today's lows, the Dow has given up 5,004 points (14,198 to 9,194).

Note that this is not a precise timing signal, but it is an interesting anecdotal sign worth watching . . . 

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Sad_guys_1
THE HORROR

Sad_guys_2

I actually believed guy on St. Mark’s when he told me this was a limited edition iPhone.

Sad_guys_3

I can’t add a caption to this that could possibly make it any more hilarious.

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Hat tip boingboing   more photos after the jump . . .

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Source:
Sad Guys on Trading Floors 
http://sadguysontradingfloors.tumblr.com/

Sad_guy_5

A common way traders stay slim and trim is by purging each time the Dow drops 100 points.

Sad_guy_6

“Tantrum Strategy.” Just hold your breath until someone approves a bailout package.


Sad_guys_red_nos
So… many… numbers…

Sad_guys_4
Jazzhands will not save us now, my friend.

There's a lot more here:

Sad Guys on Trading Floors 
http://sadguysontradingfloors.tumblr.com/


Wednesday, October 08, 2008 | 12:15 PM | Permalink | Comments (53) | TrackBack (1)
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Comments

put that worried Bernanke, Paulson, Greenspan image up again from a few months ago!

That was hilarious

Posted by: Noah | Oct 8, 2008 12:16:28 PM

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