Thursday, November 14, 2013
And a bit of evening news
A few evening newsbits for you:
Bespoke - bullish sentiment declines. And yet this is supposedly a bubble?
Ritholtz - not quite a bubble yet. If everyone is calling it a bubble, it's not a bubble. By definition, dumbass.
Reformed Borker (Bork Bork Bork!) - it sucks when intentional suicide doesn't work. He purposefully went out and bought DDD and SSYS for no reason except he though they were cool. Turns out he was right.
IKN - Eric Sprott has given up on gold. He's dumped all his gold bullion holdings because he'd rather save a few percent on debt. How are young Sprottlings like Charles Oliver, John Embry and Rick Rule going to spin this the next time they appear on BNN? Your boss dumped all his bullion to pay down debt. That means he thinks paying down debt will earn him more money than holding gold from this point forward. Is he going to admit that he was wrong? That he deluded a bunch of ignorant goldbugs? Is he?