Sunday, December 27, 2009
Highest movie box office weekend ever
The malls were packed after Christmas; in most places you couldn't even get parking.
Maybe the bears will tell us that people only went to the movies because they couldn't get parking at the malls to return their Christmas presents.
Casinos were packed this weekend also.
Increasing consumer confidence?
Th evidence is everywhere.
And they're starting to spend again.
For a lot of folks, the spend recession is over.
But for the bears, none of this matters. They'll find fault with anything.
Here's what the bears do. They say things that are true, but they're not relevant.
Exhibit A above is a cheerleader, at an NFL Playoff game. If she was the stock market, the bears would have to find fault with her. So they do.
Enter Exhibit B. The dreaded nipple slip. The bears say its an FCC fine waiting to happen--- ala Janet Jackson at the Super Bowl! Can you hear the bears making a story about that? It's at an NFL playoff --almost like the Super Bowl----Oh my!!! Fine them. And fine them now! And fire her. Make the airwaves safe! Get her off the sidelines. Let the fines start! And tighten up those strings!
of their toothless arguments, where they try to draw conclusions from the weakest of arguments. They then dress up their jargon into graphs, that have an element of truth that they can use to con the public with, and then, they get a legitimate front man pimping their arguments on CNBC, attempting to to con the public in believing that their economic prognostications are actionable, when they are not.
And they wouldn't be pimping their arguments, if they weren't betting against you, or betting against this economy, or betting that you would lose your job, or that you wouldn't get another.
So where is Meredith Whitney with her 25% drop in house prices? Where is David Rosenberg with the re-test and new lows? Where is PIMCO's El-Erian and the "sugar high" that the markets are under? Where is Nouriel Roubini and his nabobs of negativity? And what are their positions in this market?
And these are just the "good bears."
How about all the shortsellers, that are still trapped in market hell as we bust out to new highs?
So how will their toothless story sell to the public now?
Who can't get a seat at a movie, a seat at the slots, or a parking spot at the mall?
Posted by Palmoni at 10:09 AM