Sunday, November 3, 2013
Two more newsbits
One for reading, the other for laying down and avoiding:
Calculated Risk - will the Fed taper in December? Bill McBride was the only guy who bothered to pay attention to the quite specific roadmap laid out by Ben Bernanke: your favourite pundit ignored it, most silly goldbug bloggers failed to even comprehend it. So McBride has decided to repeat for us the exact market data which will bring about a December taper. Unfortunately, I guess a December taper will also mean an idiotic 20% crash in the S&P 500.
Ritholtz - that clown Mauldin is talking bubbles. Don't read it. As well, I checked BI, and apparently some queer from Blackrock is also blathering on about bubbles. If not for the taper danger above, all this taper talk would inspire me to go double long S&P 500 on Monday morning. Because there's no bubbles. And Mauldin's such a fucking loser that now he's even hitched his wagon to the Casey gang. He will never get off the ignore list with that level of poor judgment.