The race to new highs

Hang Seng up 4%
ASX up 2.27%
DAX up 2.5%
FTSE up 2.2%
Nikkie up 2%
KOSPI up 3.2%

Didn't these buyers get Nouriel Roubini's memo?

Roubini is now so discredited, why even bother with him?

But let me give you a quote that he could of made:

"Suppose that all the debts in the world were called up simultaneously and immediate payment insisted upon. What, under our present conditions would happen?"

That was from Sir Arthur Conan Doyle's 1912 book, "The Lost World."

And that's what the bears have lost! They've just spun a work of fiction, that isn't interesting anymore! And then their work is purloined by others until they tell a story that they want everyone to believe.

Now they are losing their world.

And the leader of them, Mr. Roubini, reminds me of the Dodo bird.

When this extinct bird (Raphus cucullatus)was created at the Natural History Museum in London, in the 50's, they got a proficient modelmaker, Arthur Hayward, to make a life size "replica." But they needed swan feathers to make it "real." But Thames swans were either owned by the Queen or the Guild of the Lighterman. So one of the Museum's accomplices, went down under the Hammersmith Bridge, and grabbed a swan, and put it in a sack. Now they had their "reconstruction." The Dodo bird lives!

Now don't the bears do the same with their models? After all, aren't the bears the market's black swans? Always playing with swans! With their models of the Depression? With their graphs? To make things real? To con you, to make you think those times are similar to today?

And doesn't their leader, Mr. Roubini, do anything to get a nice swan in the sack?

Dr. Doom is now Dr. Dodo!

It's the bird, that the bulls, have flipped him with!