Wednesday, August 12, 2009
So much for yesterday's selloff
The black swan author, Nassim Taleb, told us this morning, not to take the stock market seriously. I suppose that is what you say when it moves against you.
Mr. Roubini, was also on CNBC, and these individuals were belaboring their circumstances--In other words, their viewpoints are right, but the market is wrong!
So now advertise the double dip, since you missed the rally.
Because isn't that the stopped clock approach?
Because according to these black swans, you can be right and losing money, or wrong and be getting rich.
Can you just imagine how these guys would mark Level III assets in their portfolio?
Since the bears have been advertised in this blog as the market's black swan, it's refreshing that these intellectuals still can't recognize what the bulls already realize.
That they are, as advertised, the market's black swan.
Just spreading sh*t.
Posted by Palmoni at 1:10 PM