Wednesday, July 22, 2015
A 1% DROP IN S&P INSPIRES PANTY-PIDDLING AT BUSINESS INSIDER: here's what you need to know
I went in search of panty-piddling market commentary and found Bedwetters Anonymous at Business Insider:
BI - Warren Buffett's favourite measure says stocks are overvalued!!! Hey "Dr." Ed, Buffett's "favourite measure" is used by a guy who buys companies at secular bottoms. Were you loading up in 2009 when the chart hit bottom and Buffett bought BNSF, Ed? Or were you still warning about the coming fucking apocalypse? I assume it must be the latter, cos Warren's worth $72 billion and you're writing a blog.
BI - Jeffrey Gundlach calls junk bonds the next big short!!! Yes and we should care because all his other calls have gone so fucking well. Seriously, this guy's the market world's Kim Kardashian. WHO THE FUCK CARES WHAT JEFFREY GUNDLACH SAYS.
BI - Apple's spaceship campus is the sign of the top!!! Sure cos they're worth $700 billion so they don't deserve a spaceship campus.
BI - gold crash reminds us of "liquidity" warnings!!! Yes because Shanghai Chaos dumping notional billions into thin bids at preopen on a Japanese holiday is EXACTLY like the daily trade in the Nasdaq 100. Fucking idiot.
BI - Apple data shows China collapse!! More with the panty-piddling.
BI - Diet Coke sales are plummeting!!! Thus I guess the US consumer is dead.
Dammit I was so hopeful that we could see another 5% drop in the US markets before I went back to shorting VIX and going double-long Nasdaq. But as it turns out, the panty-piddling has come awful fucking early in the correction.