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.

7 comments:

  1. Mauldin is a sort of priest of the economic and business zeitgeist that your average upper middle class business type loves. He tells them stuff they want to hear and that reaffirms their worldview, and they in turn think reading him means they are somehow "in the know" and ahead of the curve.

    Also he periodically proves my first personal axiom of econ blogging - anyone who uses the phrases "dear reader" or "the yellow metal" is slinging grade A bullshit and is to be avoided at all times.

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  2. I'll make a point of using "dear reader" and "the yellow metal" as much as possible next week

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    1. I don't read your site much cuz the rss won't load in my reader, but if you're gonna go all John Mauldin on us, I'll check in for the fun!

      In the spirit of Big John, try to drop a few Very Important names while you're at it so us plebian mortals will know we are being let in on the priceless omniscience of the rich and successful, for free!

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    2. As an aside, IKN's RSS loads for me. But it reloads all the articles over and over again. Calc Risk and Van Venture do too.

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  3. We aim to please.

    http://incakolanews.blogspot.com/2013/11/comet-job.html

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    1. Sweet! You clearly know your John Mauldin.

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  4. oh, nearly forgot to compliment you on the Python reference. Nicely done. At the opening of the Sydney Bridge Club they were fishing them out the main sewers every half an hour.

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