Rhodomontade

Meredith Whitney Threatens Severe Deflation For Your Portfolio

Does every ignorant, conspiracy-mongering, dunderhead with a blog get published on Seeking Alpha?

Let me explain something, Phil.

Derivatives and mortgage-backed securities and all this other overpriced imaginary financial alchemy are mirages of dubious value.

India cannot eat collateralized debt obligations. The Chinese cannot power their factories on auction-backed securities. Nobody is making fertilizer, jet fuel, and electricity out of Citigroup's "products."

Oil is a finite, precious commodity that exists in the real world. Energy and matter are reality.

You, however, live in the shadow world of financial alchemy, conspiracy theories, economic propaganda, and random walks through meaningless charts - which is why almost every single thing you write is invariably, colossally, and astoundingly wrong.

6 Reasons the Market Should Bounce Here

First, technical analysis is nonsense.

Second, see above. "Stochastic oscillator" -- ha, ha, ha! I am laughing out loud. You can use any fanciful jargon you want, make it sound as scientific and "technical" to impress the mathematically uninclined, but it is all just a random walk.

Third, any Fed action is already priced in.

Fourth, the politicians haven't agreed to do anything yet. They have been talking for six months about what to do about idiots who bought subprime, but still haven't done anything. What about our broken political system do you not understand to see that this money-wasting boondoggle of a stimulus package will do nothing but drive us deeper into debt and continue to destroy the value of our dollar? Or are you among that tribe of fools who believe the world owes us a living? That the savings of Asia, the accumulated wealth of their sweat and industry, will continuously be used to purchase up the debt of an entire generation of worthless politician spendthrifts why by the very nature of their positions and obligations are nothing but useless, incompetent whores?

Fifth, "the volatility index is due to go downard soon." How so? Did you see its plane ticket?

Sixth, what does news or a lack thereof have to do "storchastic oscillators and the VLI?" Either you follow your stock market voodoo and ignore all outside factors, or you don't. You can't make these stupid astrological predictions based on some pseudoscience and then blame a lack of results on some headlines or Fed action.

Truly an ill-informed article.