Let’s be Careful out There

Disclaimer 1:  Yes, I remember Hill Street Blues but I am indeud below the 47.5 age limit for IBC.
Disclaimer 2:  I normally don’t believe in conspiracy theory bullshit; but sometimes you got to pay attention.

Back around the first of the year China reported some ridiculous GDP figure like 14% growth.  Like you can believe those fuck faces any further than you can throw them.  Around the same time we began 4Q 2009 earnings reports.  AA crapped the bed like normal, but others were reporting some good shit.  Then OPEX came around about the same day JPM reported earnings.  Within a couple of days Obama decided to start all that crazy talk about the Volcker rule thus sending the market into a mini-tailspin remembered as “The Great Crash of 2010” (Jan – Feb correction).

Fast forward one more quarter.  I don’t remember what the Chinese reported for GDP growth then and I don’t care.  It’s not relevant to a good conspiracy theory.  However once again we were getting some good earnings reports.  Market was in the midst of “The Great Bull Run of 2010” (Feb to April rally).  Lo and behold here comes OPEX again and Obama decides to throw the fine gentlemen of Goldman Sachs under the bus.  Few days later BP decides to fuck up everything that the GS bullshit didn’t kill.  Hence “The Greater Crash of 2010” complete with the Flash Crash and all other sorts of fuckery.

Now here we are again.  The Chinese have another ungodly GDP number and earnings reports are pretty fucking good so far.  Even AA “beat” the sand-bagged lower revised estimates.  Hell, for them a beat is a beat is a beat.  Pity must be imparted on those poor fools. 

But tomorrow could be interesting as we see if OPEX leads to another negative surprise giving us “The Even Greater Crash of 2010”.  Should we take a pool on what the cause will be this time?  Obama has already fucked the banks and energy.  What’s next?