Explaining The Markets, With Tim Sykes

sykes.jpgWhen it rains, it pours, as they say. Yesterday we treated you to a little update on everyone’s favorite Wall Street Warrior, Tim Sykes. Today, he was good enough to offer us some insight on The Dow, Punxsutawney Phil, and his friend/housekeeper’s feelings on the scrutiny the media’s placed him—the housekeeper—under, of late.

Let’s talk about yesterday. What are your thoughts?
Who cares! Its a small percentage move in the overall scheme of things and we've been long overdue for a correction. Hopefully this puts back some fear into the marketplace because everybody has gotten used to stocks moving gradually higher over the past few years.

The character Dow 道 (or Tao, depending on the Romanization scheme) means "path" or "way", but in Chinese religion and philosophy it has taken on more abstract meanings. Explain.
In Taoism, one cannot force their destiny, they must be receptive to the path laid before them. The Dow is the Tao of our country as we look to it as a guide to the overall health of our economy. While this is somewhat of a ridiculous notion since there is no way to tell exactly how long the Dow lags the economy or vice versa, it has become an overarching symbol rather than an exact indicator, much like the famous groundhog, Punxsutawney Phil.

Yesterday, everybody became very nervous very quickly because our economic groundhog saw a rather large shadow and scared everybody into believing that we are due for an economic winter. AKA recession. I believe it to be a little less than accurate than Mr. Phil.

How did the events of yesterday affect your live-in help?
My roommate is tired of getting shit on by the press that has inexplicably decided to focus on that part of my story probably because I have not done anything significant lately to warrant all this most recent round of attention. This should all change once the book that I am currently working on is published and blows the water out of people's perception about the hedge fund industry.

P.S. My roommate has no comment [of his own] regarding yesterday's market drop.

Do you think you've got what it takes to rally the Dow on pure Tim Sykes Juice (TM) alone?
No, all the juice and the Jews in the world are not enough to keep this super tanker from well, tanking. This will either be the beginning of a short drop, an extended drop, or some sideways action which would inevitably then lead to either a short drop, an extended drop, or a short pop or an extended drop. whether it is a short drop, an extended drop, or a short pop or an extended drop, that will surely lead to more sideways action before leading to either a short drop, an extended drop, or a short pop or an extended drop.

I hope you understand my sarcasm in that really anything can happen because it is overwhelmingly impossible to predict with any definitive accuracy if this is just a blip or a major change in direction for the nation's economic Punxsutawney Phil.

Wanda or Plum?
Crazy Eyes Killa.

Earlier: Tim Sykes Has The Gargantuan Cojones To Ask His Friends To Clean His Dirty Underwear (And That's Not Necessarily A Bad Thing)

Comments

1

Posted by , Feb 28, 2007 5:11PM

crazy eyes killa rules!

2

Posted by .. , Feb 28, 2007 5:49PM

The dude is obviously suffering from a bad case of hydrogen psychosis. Seek treatment now.

3

Posted by The Corner , Feb 28, 2007 9:09PM

He's sticking up for his roomate, but didn't he call the guy his "butler"? Any leads on what the roomate does? Sykesie says protege, does that mean Sykes has a "staff" of traders at his "fund"? "Sorry" for the "overuse" of the "quotations".

4

Posted by George Booth , Mar 01, 2007 2:50AM

Jesus, what a fool. Let me guess- he studied economics at Tulane? The malapropisms are really cute, too.

Truly, Mr. Sykes is a case of "better to be lucky than good".

5

Posted by BMW , Mar 01, 2007 9:30AM

Boy ended 2006 down -26%, including a nice -35% drawdown in the final seven months of the year. He's down close to -7% in January 2007 as well. He probably had a GOOD February 27 but his recent overall body of work is somewhat lacking, no?

6

Posted by Anonymous , Mar 01, 2007 12:04PM

Glad to see that this fellow's "hedge fund" is blowing up as predicted.

7

Posted by jackson 5 , Mar 01, 2007 6:20PM

to boy george booth: sykes studied philosphy at tulane and makes more in one day than you do in a year...perhaps it is you should go back to school?

8

Posted by trader , Mar 07, 2007 12:04PM

"to boy george booth: sykes studied philosphy at tulane and makes more in one day than you do in a year...perhaps it is you should go back to school?

Posted by: jackso"n 5

ahem. Tim runs a whopping 1.2 million. Unless george booth lives in East Timor, Somalia, Sierra Leone, Malawi, Tanzania , Burundi, or Congo, tim is the piker

9

Posted by Ouch , Mar 08, 2007 8:05AM

Little Timmy down in February 2007. OUCH!!!

10

Posted by SykesBookNotWorth$20 , Sep 17, 2007 6:02PM

I purchased Sykes book and read it over the weekend. It is a poorly written life story of a failed trader who has fallen on hard times. This book is basically like a blog of an average person who got lucky trading stocks (which it really should be - blog and nothing more).

Beware of all the phony glowing reviews for Sykes Book. Its the good ole boy network in high gear where authors/investment advisers use the buddy system to give fake good reviews to each other.

Book NOT worth $20!
Better bet is to buy book - Millionaire Traders by Kathy Lien. At least you will learn something. OR Curtis Faith's book.
(I like Tim, and hope he eventually finds a career through which he can succeed).

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