Believe me when I tell you I hate coming out here parroting the same shit, day in and day out. I don’t enjoy calling bulls rude names and shouting about how you’re “all wrong.” It isn’t my character.
I long for the days when I can return to my more normal intonations; that which you may recall from my earlier writings in the Peanut Gallery. Then, I rarely shouted but rather conducted my business in a manner of the most self-controlled gentlemen…save for when I was lighting NOV on fire or reveling in the victory of the latest long.
But as much as I would enjoy chilling back down and restraining myself from openly mocking the market, what else can I do in such a time as this?
Come now, until two of the clock the market was higher on really nothing but a rumor and a side of carrots. Now, we cascade lower with the Nasdaq and crude down about two percent, because of a second announcement by Sarko the American.
How can I not get riled up? This is pure idiocy.
Ignore the news here; it’s not important. What is important is the actual economy.
Did the U.S. pumping trillions of dollars into the economy correct our problems here at home? Of course not; there’s no way any small group like that found in Washington could ever hope to properly wield such a weapon, no matter how big.
So is China or Europe going to alleviate their own crises by doing the exact same thing?
The recoveries – the true recoveries – will come when the people of our countries get our collective acts together. Right now, we aren’t doing that, so no recovery.
It really is that simple.
Check your expectations, then wait patiently a while longer. But for the love of your own flesh, stop betting it on these damn announcements.
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Cain, what is we get a nuclear option from EU, not likely but only viable solution. whats your guess on half life of that type of solution?
Personally for the EU to go nuclear with out Bernanke is not going to happen. Benny needs a crisis to unleash his QE3 and is probbably coaching the EU to that end game. that way both CBs “save the world” if only for another year (read election).
No idea; it only helps if it succeeds in deleveraging. If it hits but no deleveraging occurs, then no solution.
I heard the Chinese are going to throw a ton of money into the Eurozone !!!
Lol Yeah I heard that too two months ago.
so it is not true, may be it is the first step the Chinese going to take to rule the world …
I love you for this post.
AWK hit an all-time high today. I’m good.
AWK! AWK!
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Timing is everything in this game, old boy.
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Undoubtedly. But sometimes, you can get by on “close enough.”