Kim Kardashian twitted this picture, and Demi Moore tweeted this vacuous nonsense back.
Now how is it, that everyone can recognize nonsense in the gossip pages, but you can't recognize nonsense and vacousness or vapidity on Wall Street?
Maybe because the NY Times can't either! They had a story out this morning questioning why the markets are rallying.
David Rosenberg had this to say in the NY Times:
“The market is as overvalued now as it was undervalued a year ago,” said David A. Rosenberg, chief economist and strategist for Gluskin Sheff, an investment firm.
So why then, didn't he get bullish??
Because stocks are still undervalued, and he can't see it. And when we get to 1440 on the S&P he'll say the same thing!
I've never met a group of bigger crybabies, than these wrong way, ne'er do well bears.
And if these folks are so smart, why is it that they can't follow the most simplistic truism that any rookie follows?
Don't fight the tape!
Because they still suffer from hexakosioihexekontahexaphobia!
And at least it was diagnosed here, and diagnosed early!!!
Thursday, March 12, 2009
The fear of 666!
The S&P hit it's low at 666.
The inflation-adjusted return of the S&P from the 1982 bottom, to the 2000 top was 666%.
The return from the Dow's low of the 1987 crash, to the 2000 high was 666%.
And now, 666 strikes again.Don't fight the tape!
But instead, they want to fight last year's war!