by Matt Sesow.
How is that?
Because we are at new highs!!
Every befuddled hedge fund manager that panics over--Oh MY----sequester, Oh My---- Italy, Cyprus, Oh My--Mila Kunis buying stocks, Oh My--Cyprus, because--Oh MY---some money launders are going to be charged some vig---Give me a break!
Why do you think all these hedge funds are underperforming?
So what will they do--maybe they will get some "alpha" in Bank of America--or maybe they will "overweight" AAPL and it will rally into the end of the quarter--Heck, maybe they will load up on AAPL calls--whatever...
It is just gobbledygook and nonsense.
Why? Because they're whimps!
Market drops and they get scared. David Einhorn down $140 points in Apple, and he really, actually thinks that Apple will create iPerfs?
Did anyone look at the phone he used in his presentation?
He didn't even use a picture of an iPhone 5!
Yeh, yeh, yeh--I know these guys are supposed to be the smartest guys in the room--Says who??
Like picking stocks in tough in a huge bull market???
Give me a break!
For gosh sakes, you think that all the traders on Wall Street were babies.
No wonder the E-Trade ads are so popular!
But as the post below shows, you can still make 500% in BAC two week calls!