Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

I agree with what you are saying, but I keep hearing the haunting strains of "the markets can remain irrational longer than most can remain solvent" playing in the background.

Without a doubt, this sentence keeps playing over in my head as well.

Since I can't, with any semblance of intellectual honesty, go long, I may just step aside.

You know a market is crazy when a guy I know, a Ph.D. in Finance whose research papers have won paper of the year in one of the most prestigious finance journals around, has been short eBay from like $50 and here it is, sitting around $100. Unbelievable.