Monday, March 2, 2015
Monday news: panty-piddlers still piddling panties
Here's some news:
New Deal Demoncrat - weekly indicators. He says Q1 GDP will be a terrible reading. Thankfully that'll be a backward-looking indicator when it's released. Though hopefully we can get another 5% puke out of it.
Gavyn Davies - reasons to piddle your frilly little pink panties. He rehashes all the crap you can hear on CNBC and read at BI, and even includes the statement "as Warren Buffett says" which is always a clear giveaway that the article will be a pile of steaming bullshit.
Liz Ann Sonders - in fact I went out and bought me some extra frilly little pink panties so I don't run out during my ongoing piddling. She also makes the error of extrapolating from where we are this minute, instead of looking at where we might be heading.
All this, and then today Nasdaq hit 5000. When the VSPs are freaking out over their own obvious mistakes, it's a great time to be long.