Yes, this is the type of mood the perma-bears clamor for. I imagine all of the bears are dressed up to the nines today, with two blue blazers and burlap ties to match. They see the news and get sexually aroused. The more revolution the better. Every time a Libyan fighter jet drops a 2,000lb bomb on protesters, they applaud. I am not suggesting that perma-bears are evil—quite the opposite, actually. It’s always been my position that perma-bears are crazier than a butter sandwich wrapped in bacon.
Talking fast, with crackers and cheese falling out of their mouths, they warn you of the tough times ahead. They tell tall tales of crisis and how the stock market is both fixed and should trade lower. It’s mental impairment at its finest.
While it’s true, markets do ebb and flow with investor sentiment. It’s also true that the proverbial glass cannot always be empty.
In summary, beware of listening to people who have never made a dime in this market, for during times of crisis, their voices tend to be heard most. They are idiots of the first order and should be treated as such.
Having said that, I’m not selling shit, based upon 1 bad trading day. The majority of my positions are in gold/silver and oil. I do not own any of the shit that is getting blown out today. I am down a rather tepid 2.5% today. I say tepid because most high beta names are down more than 5%. Always remember, Ben Bernanke has your back. Go to sleep knowing he will defend you, sword in hand, whenever times get tough (2% sell off or more). It’s almost comical; but it’s true. The bears are setting themselves up for another power packed punch to the neck. Anvils and shit will be released from the heavens, through their bullshit roofs, onto their skulls.
Once the House of Saud falls, great fortune will befall those who are long oil. Wait for it.
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“Talking fast, with crackers and cheese falling out of their mouths, they warn you of the tough times ahead”
I’ve laughed heartily at a lot of your prose, but this might be your best work ever.
>>“Talking fast, with crackers and cheese falling out of their mouths, they warn you of the tough times ahead”<<
I'm picturing David Rosenberg at a cocktail party.
I concur, I might have to steal that one.
Despite the temporary outcome, I admire the accuracy of the thesis
“Once the House of Saud falls” – Rich people don’t riot…imho…and their poor population is mainly comprised of “imports” whose role is to “service” the local Saudis….there will be no riots where there is no despair.
Good point. People who are poor and unemplyed are often willing to risk their lives in a riot, since they are looking at the possibility of starving to death anyway. Rich folks– not so much. If it weren’t for the food stamp program, perhaps the U.S. would be in the middle of riots right now too.
Indeud. Either fund food stamp programs or prison systems, but it costs everyone to have 20% poverty…no way around it these days.
Only 1 in 6 saudi nationals has a job. For fun.
But they are reproducing like Australian Rabbits, and their fresh water and food all has to go to the middle of a desert. Like Las Vegas, its a silly place to have a city. The difference being that Las Vegas has a renewable resource while Saudi just has a nice long term one. Revolution will get there too, but not for another 30 years or so imo.
Yeah, but there many poor and desperate people in Saudi. A whole underclass of people from India and other cheap labor force countries. Can be smth sort of the Russian revolution circa 1917. Low probability but quite possible.
Non-Saudi’s are sub-humans to most saudi’s. If their poor desperate working class ever organized themselves for a demonstration (very unlikly imo) it would end very very quickly and violently. There is a law in Saudi that if you get into a car accident with a Saudi national it is your fault no matter what, since if you weren’t in their country, the accident would never have happened. I’m not kidding. A hockey buddy of mine was working over there, and was going through a green light. A Saudi national T-boned them. My friend encouraged his buddy to flee the scene and took off himself running into the desert. The other guy who stuck around to sort it out was never heard from or seen again. As a “for example”.
True. On the other hand a cornered rat is a little tiger–will bite the balls off. Or make one a circumcision at the very least.
Same theory applies in lots of other places. Nigeria is a good example. Those fools don’t play ’round.
There is another factor in play besides the haves and have nots in Saudi A. The flame on signal will be given when you see a death match (not the celebrity type) between Sunni vs Shiite. Then fellow sports fans, it will be game on for $200 crude overnight.
I put on a new tie and pork-pie hat for today’s turbulence. No blue blazer, it does not go well with the brown fur.
The logic calls for anvils to strike first, followed by shit to the skulls thus obliterating any sense of reason that might have crept close to the myopic ones. Save your Confederate money boys and girls it’ll shortly be party time south of Battery Park.
I’ve had many a good time at the South Street Seaport.
_______
mmmmmmmmmmmmmmm butter , bacon; don’t forget ham n eggz…
schnitzel that portfolio
I used to build 2000lb bombs for the Air Force. Drop one of them on the perma bears.
My Vecta (VER) finally above water again.
U fairies need to stop shaving your bodies and become the bears you truly are. Ultimately revolutions will prevail.. They always do And your inflated bs will topple
Please stop talking with cheese and crackers in your mouth sir.
Wealth will be created on the way down, until QE3 enters the conversation.
Today was like an exact replay of the Egypt fakeout breakdown:Higher delta percentage of buyers over sellers, almost all day http://chart.ly/ff6y8fo
Total dejavu
which also means, look for a bounce in next 48 hours ( a vicious one)
I have my Blue Blazer on…it was a rather cool day.