Earlier this week on Twitter, I was no less than accosted by a deranged individual for suggesting that I would very much like a surprise Bernanke additional term. This man has dedicated himself to the proposition that we are on the verge of a near total collapse of stocks, insulting the “dip buyers” for their “stupidity”.
Amusingly, his handle was a Sesame Street character dead on the sidewalk, shot in the head.
This is fitting, as this clown has just had his skull split wide open. This is what you get for being a jackass.
How can there possibly be shorts left alive anywhere? Where are you hiding, or what pathetically small positions have you taken on that you can still get off calling yourself “short”?
The status quo has prevailed again. This charade went a little further than I thought, but it was still just a charade.
My only hesitation here is that the implementation of ACA may shock a weak recovery. I will hold a 20% cash position at all times, because of this reality. But make no mistake, I am long. Christmas is almost upon us, and Janet Yellen is a printing psychopath.
Now if you can excuse me, I have an obsene amount of money to make.