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!