That microbe, Rickard Santelli, has been running around the television cameras screaming fire in a crowded movie theatre for the past 8 weeks. With every downtick, this barbarian in a suit gets sexually aroused and he starts to yell at people, pointing towards this and that, that and this.
SILENCE for a moment.
It’s all noise.
For the better part of 5 years now, the stock market has been rising, fueled by Federal Reserve asset purchases AND corporate profits. Our largest corporations have performed coups abroad, taken over whole cities, established governments, without firing a single shot. From my vantage point, from any vantage point, I’d say there is money to be made from all of this modern day colonialism.
This rally will be built upon the skulls of men like Rick Santelli, men 1/3rd as smart as your average jungle bonobo ape. Rest assured, there will be trading lulls and periods of moribund starvation, but the rally will continue until men like Rickard are extinct.
This is America, land of the surveilled free, home of the chemically induced brave. We do not have many things to export, aside from war and dollars. However, we are the greatest financial engineers the world has ever known. Municipal budgets rely, mind you, on the profits had by pensions funds in the stock market. The bid you are looking for is everywhere. If you are keen enough to survive the valleys, you will soon enjoy the peaks too.
NOTE: It appears my thesis trades for both EZPW and BALT are materializing. Stay tuned for my next conviction trade.
NOTE II: I was up 1.48% for the day.If you enjoy the content at iBankCoin, please follow us on Twitter