5 I have seen Asian kids pissing on the edge of shoulder-less highways while cars zip by at a cool 160kph. I have seen my dog happily eat his own vomit. I have seen healthy, young policemen direct traffic under working traffic lights.
I don’t shock easy anymore. I was almost shocked today.
EVERYWHERE I went outside of offices today had professionals talking/pitching equities. It was weird. I have been at this a while and I am attuned to what folks say around me and I know the difference between some SBUX Day Trader and a pro – this is by far the most I have ever seen/heard outside of the confines of usual cages.
This is all independent of Congress fucking things up, and I trust them about as far as I can throw any one of those fat fucks. My point is that I don’t plan to stick around too long in my short positions and certainly not past these meatheads signing a debt increase. Folks seemingly want to buy stocks regardless of fundies or macro.
5 Responses to “It’s Apparently All The Rage”
cronkite
All true. I covered TZA today. Most shorts i lay into are 1-2 day trades for fear of melt up.
scott
It’s full brainwash mode because of the market resilience. That changes after two bad days. Plus there are technical negative divergence cropping up everywhere…
skayfe
If that isnt a contrarian topping sign then I dont know what is.
nyjag
“Pleased to meet you, won’t you guess my name”……….saw it in winter of ’99-’00 when people who couldn’t even spell equities wanted to buy YHOO and LU, then again in ’06-’07 when Ma and Pa Goatspit were liquidating their 401K’s and IRA’s to buy RE.
Suck ’em in, scare ’em, watch ’em sell, then go shopping.
newboy
I don’t trust anyone’s opinion, especially randoms on the street.