“It’s Priced In” Will Be Priced In

The 9th floor office is being blanketed in swirling snow currents this morning, a scene that I have put my back turned to.

You don’t realize it yet, but things are changing very dramatically. The Baltic Dry Index continues to crumple while shit rockets galore dot the skyline. Expectations are far too high, with this morning’s factory number out of the Philadelphia Fed coming in significantly below expectations. And the only cheerful news is that 0bama has managed to erase great breadths of the population from record, on his quest to seal a second term.

And what is your part to play in all of this? Well you are a rabbit, of course. One of many…

You are one of many rabbits set loose in a minefield so that those of us who know better can pass through behind you unharmed.

It’s almost funny, watching the white marks streaking in zigzags across the field. Some of the quicker and more dexterous of you have managed to make it to the other side already. And you’re looking back with a smug complacency, as if to say “don’t you wish you were me.”

No, actually, I don’t. Because you are expendable cannon fodder. And soon enough, the poor jackasses who are trying to follow in your footsteps will set off a most horrible display of gore, as landmines detonate in near sequential timing, rocking the field and dotting it in red-white painted pocks, while instilling panic and the fear of God in the immediate survivors, who will then flee to danger, setting off the next wave of concussions, and the next…

As you run around “masterfully playing oil” and “nailing that BAC trade” the big money is busy hedging themselves down as tightly as they can muster, using you to cover their open liability, closing their trade imbalances, and holding cash.