DO I SENSE SOME FEAR?

It seems the Wall Street geniuses and their HFT supercomputers are getting a little worried. But they have MBA degrees from Harvard, so they are smarter than the rest of us. They’ll know when to exit before we do. They won’t be paralyzed like a deer in headlights. Right?

The Dow and S&P 500 are only 3.5% off their all-time highs. But the Russell 2000 is now down 10% from its high. The Dow and S&P 500 haven’t had a 10% correction in three years. QE is finished in the next 30 days. The Fed spigot is almost closed. The high IQ crowd on Wall Street need to assess whether the stock market has simply been pumped up with free money from the Fed or whether it has risen on sound fundamentals. 🙂

The big swinging dicks on Wall Street know what they are supposed to do.

BUY THE FUCKING DIP!!!!

It has worked for the last five years. Why shouldn’t it keep working? Go ahead and buy the fucking dip punk. If you feel lucky. What’s the worst that can happen?

 

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Chen
Chen

see your dirty harry and raise you…

Roy

Will we reach the Promised Land when the Yen reaches zero?

Chen
Chen

Univision had an article on world debt, focusing on latin America, the graphic showed most countries in debt up the hoohaw. And thought I know you’ve heard it, I think it is apropos here:

A rich man wanted to take his money with him when he died, he divided his wealth and gave half to one friend and half to another. The faithful friend deposited the money in the grave but seeing the other standing there, he asked, did you put his money in like he asked? Yes, the friend said, I wrote him a check.

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