I had a dream. I had a dream that one day I would be an editor and publisher. In my dream, I would attract the greatest unheralded and unknown financial minds to my publication. Those minds would be insiders and outsiders who would be free to express themselves in ways never before seen in a financial publication. The publication would be funny, irreverent, and full of common sense insights that could be found nowhere else. My writers would not only be full of brilliant insights, they would be masterful at the art of writing as well.

In the dream, I, as editor and publisher, would guide this group of brilliant minds by merely setting a few simple rules of civility, then standing aside and letting the writers be themselves. The writers woUld then attract readers and more writers, who would then attract even more readers and writers and so on. In other words, "If you build it they will come."

Two and a half years ago, at the opportune moment, I opened the virtual doors to this publication.


In the beginning there was Dr. Stepan N. Stool, the Stock Proctologist and died- in-the-wool superbear.

On the first day Dr. Stool looked at the financial firmament and he smelled something funny. So he said,

Let there be Capitalstool.com, not just the same old bull.

And there was Capitalstool.com, not just the same old bull. And Dr. Stool saw that it was good.

On the second day, in market time (it was actually four months later) Dr. Stool said,

Let there be the Stool Pigeons Wire, a message board that Wall Street would hate the most. If I build it, they will come.

And there was the Stool Pigeons Wire. And Dr. Stool saw that it was good.

And Dr. Stool wrote on the message board what the Great Bear told him. "Wall Street will rain bullshit for 40 days and 40 nights." (Again, this is in market time.) "All the bulls and sheep will drown in it and will perish from the firmament."

And Doc knew that this was what he smelled. "So invite bears and stool pigeons of each kind to the Stool Pigeons Wire. There they will be safe from the storm of bullshit, and they in turn will bring others in from the storm.

And so Dr. Stool wrote, and he invited the stoolies and bears to come. And Dr. Stool saw that it was good. And since he had worked for two days and saw that it was good, he rested.

And the Stool Pigeons Wire begat the first stoolie. Naturally, the first stoolie was a fly, because as you know, flies are always hanging around, yes well, ahem. So the first stoolie, having nothing better to do, came and alighted on the Wire. And the name of the first stoolie was

BAREister. And BAREister wrote and Dr. Stool saw that it was good.

And BAREister begat yobob1.

And Dr. Stool saw that it was truly good. And Dr. Stool said to BAREister and yobob1, Let there be light! And sure as hell, there was light! Most of it coming from yobob1, but I digress.

And yobob1 begat Bond and kokosha and GeoffreyT and Joestool and Hornblower (LostLosses) and bullshit and SusanJBear and mathbear and vodka1, some of blessed memory, passed from the firmament to the great Bear market in the sky.

Lo now, yobob1 and BAREister were with child, and the child they begat was the good son, who when he reached manhood was turned astray, and whose return Dr. Stool anxiously awaits. And his name was machinehead.

But before he left machinehead and yobob1 and BAREister begat zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt.

And then machinehead and yobob1 and BAREister and zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt begat QuantomOnion and subprime and Nurse Ratchett and

Takachi.

And machinehead and yobob1 and BAREister and zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt and QuantomOnion and subprime and Nurse Ratchett and Takachi begat Buskow and sigmoidoscope (aka JesseL) and Easy Al and Jack Mehoff (God Bless you Jack as you pursue your military career) and Ausable, and Hairy Discordaian, and ernstime and ShitEatingGrinner and

alceringa.

And Dr. Stool saw that it was good.

And machinehead and yobob1 and BAREister and zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt and QuantomOnion and subprime and Nurse Ratchett and Takachi and Buskow and sigmoidoscope (aka JesseL) and Easy Al and Jack Mehoff (God Bless you Jack as you pursue your military career) and Ausable, and Hairy Discordaian, and ernstime and ShitEatingGrinner and alceringa begat old habits die hard and lb (aka Morass and Shampoo) and the Ubend and pinchaloaf and getsoutalive and

K Wave Rider.

And Dr. Stool saw that it was good.

And machinehead and yobob1 and BAREister and zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt and QuantomOnion and subprime and Nurse Ratchett and Takachi and Buskow and sigmoidoscope (aka JesseL) and Easy Al and Jack Mehoff (God Bless you Jack as you pursue your military career) and Ausable, and Hairy Discordaian, and ernstime and ShitEatingGrinner and alceringa and old habits die hard and lb (aka Morass and Shampoo) and the Ubend and pinchaloaf and getsoutalive and K Wave Rider begat

prolerbear and

PretzlLogic

and richmtn

and pigeon and lost in space and Into The Fire and Lesser Fool and

blackbelt.

And Dr. Stool saw that it was very good indeed.

So machinehead and yobob1 and BAREister and zhungmei and beachbum and virtual stool and mikesteger and Stutz and Crackbaby (Dr. Bull) and TGakaTheBigHurt and QuantomOnion and subprime and Nurse Ratchett and Takachi and Buskow and sigmoidoscope (aka JesseL) and Easy Al and Jack Mehoff (God Bless you Jack as you pursue your military career) and Ausable, and Hairy Discordaian, and ernstime and ShitEatingGrinner and alceringa and old habits die hard and lb (aka Morass and Shampoo) and the Ubend and pinchaloaf and getsoutalive and K Wave Rider and prolerbear and PretzlLogic and richmtn and pigeon and lost in space and Into The Fire and Lesser Fool and blackbelt

begat

ThorAss (Doc saw that it was very good indeed)

and Sasquatch

and wndysrf

and Dr. Stool saw that it was especially good. So on the third day Dr. Stool arose from his rest and he said, wndysrf, Let There be Mark to Market, and there was Mark to Market and Dr. Stool saw that it was good. So on the third day, Doc rested again. He gets tired easily.

and all those who came before whose name was the Stool Pigeons Wire came unto wndysrf whose name was Mark to Market and they lay down together on the evening of the third day. And on the fourth day

they begat

Moon and ndxhound and Goldilocks and gruff and Bearbones and Joshua, who left to fight the battle of Jericho, and

Yoshaviah.

and Dr. Stool saw that they were good, and all those begat

The End and

weinerdog/Fauxcaster

and Threadbare and Contrarian and Riskboy and Forus and dinosaur and

Gladiator.

and it was good yadda yadda and begat

dindin DonWeiNau and COlonel Korn and shorty and

Bontchev

good yadda yadda begat

cyclist, soylentgreen, jraabe, big loaf, and

Fartpolio Manager

g-y-y-b

maxbear, Nikkita, ChocolateStool, otsp, rlr12345, chief, Joe, leicaboy, and

sniff

gyyb

thebell2002, maxpower, maxxPain, FeeFiFoFum, larry cud low, many crashes, Kathi, and Sam Adams, arcothunder, BuddFox, andAbbyJustaColon.

And it was the end of the fourth day.

And Dr. Stool saw that it was good.



That was two years ago. Today that handful of begats has begat a total of 975 registered stoolies, nearly 5000 readers each day, and hundreds upon hundreds who have subscribed to the flagship Anals of Stock Proctology, or who have otherwise contributed their financial support to making my dreAm come true.

And Dr. Stool saw that it was good.

In Stool time it seems so long ago that it began, while in real life the same time frame seems very small indeed. In real life each new day represents a smaller percentage of your life than the day before, and hence the illusion of time speeding up as you age. Stoolville is still in it's infancy

While my previous boad experience over at the old crapvision boards was entertaining, it was also very frustrating. Bulls out numbered bears by 100:1, so the bears took a beating from the then never ending supply of hopers and dippers. Slowly just as the boards were shuttered, some of the bulls were beginning to listen to the bears, for what they had said would come to pass did. And then I found Stool. A board that lacked censorship. No nanny bots censoring every other word. ( on crapvision you couldn't even write in Dick Cheney, however Penis Cheney was acceptable).

Now a little Nannyism has crept in, not in a way that alters the intent of the word, but merely softens the tone to protect the innocent. I have mixed emotions about it, but have come to accept it.

Stoolville has grown and somehow suckered in what is undoubtably the best collection of malcontents on the web. Nowhere else can you receive a free education of such importance with plenty of room for disagreement without malice. Lord knows I've learned plenty. It is the daily give and take, the free exchange of ideas, that fosters an ideal learning environment.

I do miss Machinehead. I keep expecting him to jump out of the woodwork and say "Ah ha, I was right all along"(re:inflation), as he may well turn out to be. I'm certainly not ready to concede, but I always read carefully what he said and considered the points. He was certainly right about commodiities, a point I didn't dispute other than we disagreed strongly about the cause; heatmapping vs. inflation. A very smart, well educated and read man indeed. I hope he is spreading the stool (not to be confused with shoveling the shit) and the righteous bear cause where ever he is.

Heres to a long life for Stoolville and may Doc finally earn enough money to upgrade the Vega. ( I've seen him lusting after that 89 Corolla)

As to all that begating Doc, I sure hope there aren't any pending paternity suits. You should have used protection.

From Yobob1

"Stoolville has grown and somehow suckered in what is undoubtably the best collection of malcontents on the web. Nowhere else can you receive a free education of such importance with plenty of room for disagreement without malice. Lord knows I've learned plenty. It is the daily give and take, the free exchange of ideas, that fosters an ideal learning environment."

Yobob....that said it all....Amen brother....can I get a witness.
Yeaya.....I have seeeeen the glory

God Bless you and yours Doc

QUOTE (yobob1 @ Jan 25 2003, 03:04 PM)

I do miss Machinehead. I keep expecting him to jump out of the woodwork and say "Ah ha, I was right all along"(re:inflation), as he may well turn out to be. I'm certainly not ready to concede, but I always read carefully what he said and considered the points. He was certainly right about commodiities, a point I didn't dispute other than we disagreed strongly about the cause; heatmapping vs. inflation. A very smart, well educated and read man indeed. I hope he is spreading the stool (not to be confused with shoveling the shit) and the righteous bear cause where ever he is.

I miss MH too as the two of you jestering with each other on topics gave some of the best free education that you refer too. Thanks for the site Doc. Bareister was first and you understood what he wrote without a translator?

Best site on the friggin' web. Fur sure.

You done did good Doc.

M.H. will be back. I guarantee it!

I was on a quest...a quest to find like-minded individuals who saw the same stool I did and wanted to find a way to deal with the stench honestly sans Lysol. In my normal circle on life and the net, people think I am a financial wiz (or alarmist...take your pick). In this place, I am a toddler still pooping in my diapers...hence the name.

I thank you Dr. Stool for creating this place and your online newsletter. I am slowly becoming the swing-trader I wish to be (once I tackle that greed issue). I hope to get to the point that I can remain at home with my child until child grows up...or maybe homeschool.

It really is amazing how Stoolville has grown exponentially. Yobob was member #146, I was member #160 -- and I joined seven months after he did. So there were only 14 new member in that whole 7 months -- yet in the 15 months since I joined, we've added over 800 more. It'll be interesting to see where we are in another year.

Must make ya' proud, Doc... and with good reason.

Truth be told, I've deleted a bunch of old, inactive posters.

In the first few months a couple hundred hits a day was a lot.

Where art thou Machinehead?

I am a downright newcomer to this board. However, I disagree with Doc when he says it is good - rather, it is fanbloodytastic! Like some here, I have been circling the net for some time, trying to find a home with intelligent people of similar opinions. Like them, I have got p###ed off with the constant "bury you head in the sand and insult the bear" atitude. However, what is so profoundly refreshing on this site is the intelligence, honesty, clarity and helpfulness of the members.

Like a prev. reply, I am well regarded on a few TA sites I write on in the UK. However, after coming here 1. I feel like I have my L-plates back and 2. feel like I have just gone outside for the first time, rather than looking at the world through a window....you get my drift?? Maybe not....

Anyway, it thanks all for the efforts that make this such a rich place.

May your fame continue to spread internationally - inc. the shores of Scotland!! You deserve it!

Mark

PS. I have no need to advertise.....but do yourself a favour....subscribe to the annals - you'll be blown away by the depth of stuff there!

QUOTE (DrStool @ Jan 25 2003, 04:25 PM)

Truth be told, I've deleted a bunch of old, inactive posters. In the first few months a couple hundred hits a day was a lot.

Ah, didn't know that. Makes more sense now. Either way, you have every right to be proud of what you've started here.

I just want to say that I have a patent on the word "FEED" and I've seen it used on other sites that read what is posted here.

BEDEMIR: And that, my liege, is how we know the Earth to be banana-shaped.
ARTHUR: This new learning amazes me, Sir Bedemir. Explain again how sheeps' bladders may be employed to prevent earthquakes.
Scene 6, Monty Python and the Holy Grail

Doc Sidovitch, MANY TANKS for all you do. Just squeezed one out for you.

Like King Arthur, this new learning amazes me also!

I ran my trading account up very nicely last year through September or so and stubbornly continued the same tactics through October-November. Net result was a small gain for the year, but nothing near what it was at the peak.

When I started trading, I heard "protect your capital", "trade on facts, not emotion", and many other valuable insights. I accepted these but did not practice them.

IMHO, there's nothing like actually participating to teach you these facts. I remembered the Jesse Livermore multiple rags-to-riches tales and thought, "that won't happen to me!"

Well, it almost did happen to me but I'm ever hopeful that I'm actually learning from all of you here at CapitalStool and would like to express my sincere appreciation for all you do. Many tanks and dungs a lot!



I'd like to close this rant by quoting our own esteemable Doc from the Anals of 11-27-2002:

QUOTE

It's about human nature.   . . . Markets are insane. They are irrational. That's the norm, not the exception. Stop thinking the markets should make sense. They make sense only in their own context. Markets. In and of themselves, they make sense. They stop making sense when you try to relate them to the economy or corporate profits, or valuation, or anything else that goes on in the world. Complete waste of time if it's making trading profits that you are interested in. Study how markets work, how people behave. That's the key. Technical analysis. But not technical analysis in a vacuum. Technical analysis in the context of measuring human behavior, Extraordinary Popular Delusions and the Madness of Crowds. . . . Irrational greed, irrational fear. Two sides of the same coin. Without a model of the market to believe in, that's what we are left with to make decisions, and that's why Wack Street always wins. The Street knows how to ratchet up the pressure. They know the drill. So should you.   Pressure pressure pressure. WACK!

It pleaseth the BAREister no "END" (_(_) speaking parenPATHETically LOL that The Doc is flourishing.

Instigating is grrrrrrrrrRRRREAT FUN!!!

oh.

The BARE would add the following to his "signoff" or whatever, BUTT, sadly, there's no room. It's SO good, however, he may replace that entirely with dis here:

"Thanks for the site Doc. Bareister was first and you understood what he wrote without a translator?"

LMAZZOFF

WhereFURartthou Mr. TwoScrewsLoose? (Machinehead?) Alceringa? Sigmoidoscope?

TchaiCOUGH?sky:

w re to learning but not practicing, Mr Richard Russell has a marvelous expression EVERYONE here can relate too, suspects HRFF:

"Whatever your weaknesses the market will find them."


Ain't it da TROOTH???!!!


Amen and all that ROT

After much pondering, I believe de internet is de best hope there is to help us all navigate through de madness of de age we live in.

For de first time in history there is a near 'universal' medium of exhange dat exists sans geography, and sans de dictates of individual states or nations. ('Invidividual' being de keyword, there is no such thing as 'state' or 'nation' - only individuals exist).

I believe it will make a difference.

De internet cannot be stopped, nor diminished, by cutting off any one part of it. To silence it, means to kill it in its entirety - a near-impossible task.

Blessed are we who dwell in the shadow of de Stool site. But let us not forget de source of de light - de internet equals (or exceeds) de scope any other man-made invention for de dissemination of information (TV and radio) . On a daily basis, it reaches into de lives, and jolts de thinking, of hundreds of millions of folks. De difference is: de internet does not require an army of technicians, nor huge financial resources, for me to 'say' dis to ye. There is no editor, nor censor, other than de 'owner' of dis site. And even then, I/we can choose to take our opinions and things we wish to discuss someplace else. Global and national censorship has become a thing of de past since de internet was born.

De internet is de great leveller. We can share ideas and argue and debate with a 'clarity' folks have never experienced before. In its natural state, it is entirely free of de old prejudices which have so plagued humanity in de past. Neither TV nor radio can provide dis.

As I write dis... who am I? Does de reader know whether I am young or old; black or white; male or female; Jew or Arab; sinner or saint? And do any of us GAF about how I look, my age, my job, my earnings, or where I live?

De internet is about thoughts, not about body odour.

At its best, de internet is de realm of ideas and of dreams. It is a 'place' to ponder de improbable and share our hopes for de future, as well as our disappointments from de past.

We have a much-appreciated collection of Stoolies here on dis site, but there is a much wider communinty out there. Ours is a very small township in de big, wide world of de internet...

And it behooves all of us to make de brave, new world of *true* freedom of information, a better place for everyone. We can do dis, by continuing to show courtesy and respect to all who visit our little cyber-township.

success!
gruff.

Congratulations Doc and here's wishing you many more years of success. or "la multi ani" as they say in Romania.
I'll be looking forward to the day when you write the Stool's book of Revelations to chronicle the Archangel Mark to Market leading the four "Boursemen" of the Kondratieff apocolypse on a cleansing out of Wall street.

Keep up the good work until that day of reckoning when the world turns upside down and gold becomes money and the dollar becomes just a piece of paper and the Doc becomes a Bull instead of a Bear!

Echo and Amen.
The value indicator to me is after all the time and things through market view, this is the ONLY site I MUST read EVERY day.
Congrats Doc, you earned and deserve it.

Hope one day you can replace the doughnuts you gave up when you left the Qwikee Mart!

mmmmm....donuts.

Doc, I first came across your inspired jeremiads in April 2001. The Stool has been an indispensable companion during these two years ... an island of sanity amidst Wall Street's freakish bazaar, with its carnie barkers and circus acts and somersaulting apewomen.

Recently I've been plowing through a pile of books. Also researching the implications of, and potential escapes from, totalitarian fascism. Political Stool provides a forum for such discussions. But as world markets plunge on war fears, politics and economics have become hopelessly entwined.

Commodities have responded as expected to the reliquifaction, but stocks have been really schizoid (shitzoid?). I feel a bit out of gear with the markets. When epiphany strikes and all becomes clear, your humble servant will publish the tablets for all to see. Meanwhile it's good to see that the great Blackbelt has returned. Maybe he got his epiphany already!

eppifanny or no eppifanny, we would all love to see your thought processes!

For those that are wondering, I am officially changing latitudes. Been traveling for 30 days and 30 nights and haven't had much of a chance to check in recently.

I got side tracked by a case of canine Liptospirosis canicola. (Any experts on it out there?)

Have I missed anything?

When I first stumbled across this site, I knew instantly that I had found something truly different and wonderful. I could tell it was a little touch and go at the time, so I sent Doc a big fat contribution to let him know how important I thought his work was, and to encourage him to continue. I can tell you without a doubt, that it has been worth every penny to see the Stool grow and flourish.

The wealth of knowledge that is available here for free is truly astounding. I have had a great education at the Stool over the last year and a half, better than any college course I ever took, BY FAR.

Again, I want to say thanks to Doc for bringing us all together, and for your Herculean effort that you put forth running this site.

Onward and Upward!

That from the best of the best. Doc is truly humbled! Indeed that contribution from K-Wave knocked me over.