Vacation

The Bahamas for the next 8 days, see ya!

ATTENTION: Wall Street is Hiring Bagholders. Step Up!

How do you know you are Bearish and showing cognitive bias? How many Zero Hedge articles you reference in a work. Bullish? Anything by Joe Weisenthal on Business Insider.

Anyways, If I hear people "missed out" on the 145% rally from the lows I will scream. Only Wall Street types and morons think some dude with a job reacts in minutes or hours to market gyrations.

My chart (click for larger view):

We know, PE expansion due to low rates, etc.

The taunting, the smug dismissive attitude has to stop. No wonder normal folks do not do anything but steady invest and not watch. Main Street has seen enough of the baloney. Keep selling this uptrend (its not a 'rally' morons going on 4 years; if of course you missed the murder holes then bought the bottom which is easy) and no one is buying. Wall Street needs a bagholder that is not them (think 2000-2001; did YOU get bailed out? No? Too bad...) so buy in if you want.

Good luck.

I Will Be Saving This

Puzzling that faced with overwhelming evidence that former Fed head Alan Greenspan is a blathering idiot that blew 2 bubbles and caused massive damage, people now look to Ben Bernanke as some kind of hero:

I will be saving this one.

Guilty Pleasures: "The Undertaker"

Ok, so I used to LOVE the WWE (formally the WWF) and most especially the performer known as "The Undertaker". Fake? Yup. Silly? Maybe. AWESOME? Of course.

Enjoy this entrance at SummerSlam in 1994:

That just rocks!!!!!!!!!!

Lighters Up; Party Time

All is well and getting even better.

Because I am a "perma bear" or I don't philosophically empathize that unlimited handouts/bailouts/support for losers and their failed efforts constitute real accomplishment, I am an idiot. I have nothing to add. All anything is about, is making returns and money. I guess I missed that class. Too much fishing can be blamed as usual.

Stocks, bonds, real estate, anything but gold and silver is going to unknown highs and you have to buy. Buy now. In a thousand years of history no one but Benjamin Bernanke has figured out how to make a nirvana of free money with no consequence rain prosperity upon the masses. I tip my hat. Well done sir, well done.

I often think of this Kevin Depew Miyanville article
Five Things You Need to Know: Deflation is Here, What Next?

It's all become untethered. Emotion, momentum, and how far one can push it.

I think we see S&P 500 at 1800 in 6 months.

Is 1800 on the SPY overvalued? How can I know? There is no way to gauge it.

The restraints are off.

Have a good night.