France was down 2% when I went to sleep last night and S&P futures were dramatically lower, -180. The bearshitters were elated on Twitter last night, rejoicing in the bad news, lathering themselves with the pain of others, declaring victory. I fucking warned them all, last night, that I was going to kill them all. I told them “PREPARE TO BE SHOT FROM CARNIVAL CANNONS” should the market trade up today. Lo and behold, France is up and futures are down 30.
By no means am I boasting. From my vantage point, Senor Tropicana has a lot of work to do, none of which requires chest pounding or early celebrations.
IT’S NOT A GAME ANYMORE.
I said it yesterday and I will say it now: the European move AWAY from austerity is good. The fucking Tea Parties of the world can fuck themselves. Trying to be austere when the economy is collapsing is fucking juvenile. The arch-fiends in Germany need to stop worrying about inflation and understand deflation is the real risk. Once the Europeans embrace their printing presses, world markets will fucking soar.
Spain is up 1.3% and I’m going to slap someone in the face with a hot slice of pizza today. The world is as it should be.
Top picks: KMB, YELP, PEP
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