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Monday, March 18, 2013

Why "Risk Off" is really "Risk On!"

Art 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!

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