StupidityAndGreed

Don't Just Do Something, Stand There

Yes but... Crammer said the market has bottomed, Kudlow says we have a "Goldilocks" economy and Maria Bartiromo always manages to interview bullish portfolio managers who's livelihoods depend on a healthy market. What more do need to convince you that all is well?

[ED: edited for abusive language]

Don't Just Do Something, Stand There

Ps I spotted the fact that the heads of the big banks where lying through there teeth 3 months ago during the last set of earnings reports. Everyone was talking about the "March bottom" and that the worst was behind us. Of course when people started to figure it out we hit a new low. The idiocy of this recent move just goes to show why Americans no longer deserve to sit at the head of the world table. Their own greed will be their undoing.

Don't Just Do Something, Stand There

The fact that the fundamentals don't support a return to bullishness has no relevance whatsoever. The entire might of the US political machine, those in the private sector that have profited from the most recent counterfeit expansion of wealth, and the media this has fueled the whole thing have pooled their resources to "spin" another upward drive in the market. That's great because when it starts to peter out, as it surely will, the opportunity to short will be a gift.