Tuesday, January 12, 2010

"Oh my!" revisits Wall Street again and again and ......

Dave stared around the office. He went to the window and stared upwards at the crazy patchwork of the sky. For all he knew, in such a sky there might be cracks. In fact, as he looked, he could make out a rift, and beyond that a ... hole ... a small patch where there was no color, and yet the sky there was not black. There were no stars there, though points of light were clustered around the edges, apparently retreating.

The Sky
Is Falling

So begins the novel, and so begins Wall Street today.

What else is new?

Corn prices drop. Oh My! Sell anything with Ag!

China may snug up rates. Oh My! Sell anything with materials!

Alcoa misses. Oh My! The recovery is over!

How many times do we have to deal with Oh My!

And then, tonight we'll have Doug Kass on Fast Money, waxing and metaphorically describing the bearish case using false analogies. (Who can even watch that show anymore? Or even Cramer?)

Oh Boy!

Because Doug Kass gave that story at 880, 960, 1040, 1060, 1120 and now he'll do it again tonight!

Oh My!

Once again, Wall Street forget to turn the page, so I'll do it for you:

"The things are untrustworthy," the first voice answered. "And with the sky falling, we dare not trust one."
"Bull," he croaked. "The bull sleeper!"
"Delirious," the first voice muttered.
"I mean—bull pusher!"

Someone needs to defend this market because we have all these pretend bulls on Wall Street.

Because real bulls have balls!

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