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Monday, May 12, 2014

Morning news, quit being a pussy edition


More news, including why Josh Brown is a pussy:

Bespoke - more bears than bulls for 3rd week in a row. And yet we've seen breakouts in industrials and transports? Dammit man, you guys are all a bunch of frickin' sissies. Quit listening to those doomers Ritholtz & Fatty and buy the damn S&P 500 already. Mila Kunis got it right years ago.

Anatole Kaletsky - no reason to be a pussy. Sell in May worked for the past three years, except it didn't if you didn't buy back at the bottom, which you wouldn't have, and in any case when something's been a predictable success 3 years in a row you should probably expect the opposite the next year.

Bloomberg - Xi says China must adapt to slower growth. Pretty sensible, since once you get to a certain size it's hard to keep up stellar growth rates.

Reuters - new Indian government will have to wrestle with weak output, inflation. Oh and also the failure of the monsoon this year. Which is why any Modi victory news is a fantastic fade opp; you don't turn India on a dime, and you don't turn output and inflation on a dime either. Especially not in an EM secular bear background.

Mining.com - karate kid markets. An interesting bit of seemingly honest and informed market analysis from a guy with a free subscription service. It's interesting because it's seemingly honest and informed.


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