Steven Cohen enters Hall of Shame
I started The Contrian Trader back in 2005 after stewing about the dot com crash and all of the thugs that CNBC had as guests such as former Worldcom CEO Bernie Ebbers were doing perp walks. Since that time there have been dozens who have gone to jail such as Bernie Madoff (what’s with the Bernie’s?). However hundreds of others have either A) not been charged or B) plead guilty to lesser charges.
Now today we have SAC Capital Advisors led by 57 year-old billionaire Steven Cohen settling criminal charges. What happens to Steven Cohen? Not a fucking thing. His employees and countless other victims who will never know that this Pablo Picasso collecting pius prick screwed them gets away with it again. On behalf of them Fuck You Steven Cohen!
This is why I started this business. I like to teach people how to read the charts so they can make decisions based upon price and volume action and not based upon the manipulation of the market by the like of thugs who would sooner piss on you then to give you a fair shot.