Thursday, March 11, 2010 4:25:39 PM
The Perpetual Motion Machine Drives Forward Unabated
Yet another massive floatation of Treasury Bonds sold without a hitch. Yet another up day for Cramer's Horsemen. Yet another day of crappy returns for "low risk assets". More bottle rocket moves in junker stocks like Citigroup. More safe haven items like gold discarded in favor of NDX stocks with 75 P/E ratios. What's not to like???
Bernanke, Geithner, LLP has successfully brought the economy out of the abyss, by utilizing the time tested model of "Wash, Rinse, Repeat" cycle of marching up stocks, with periodic shanks to scare people into bonds, spook everyone out of commodities, and eventually re-invigorate "Animal Spirits".
Anyone catch those ads from Interactive Brokers hawking 1.5% margin interest rates?
See what I mean??
Interest rates are still near 40-year lows. As long as Grandma can only earn a paltry 38 b.p. by investing in 1-year T-Bills, eventually she is going to throw up her hands and get chased into AT & T or Verizon paying over 5.5%.
And meanwhile, most sheeple are still clueless about stocks and are still piling into bond funds. Wait until they wake up and discover that they could have parlayed that mortgage payment (which they haven't made in over 9 months) by opening up an E-Trade account and making 17% on Citigroup in 3 days.
I guess many of these foreclosed out, house squatters will eventually "take control" and start daytrading again.
Who knows?
Oh, well, a look at some of today's screamers:
Amazing how these restaurant stocks are the hottest item going these days, even with 12% unemployment and $82/crude.
Ruby Tuesday's
Not to be left out, there are many who missed these moves, and are now starting to gun some junkers coming off the lows, like Gamestop:
Hey, maybe instead of "Guitar Hero", perhaps some of the game companies can come up with a video game that simulates hedge fund trading. They can call it "Wall Street Hero".
LOL...
And with natural gas crashing to multi-year lows, is it any wonder that Wall St. is going to be gunning for thousands of new natural gas stations in the future??
What happened to Peak Oil? Where are the gas lines? I don't see any.
Did you miss Pets.com back in the day?
No worries, you can still catch Drugstore.com
Oh, well, just another day in the Gambling Casino. With Ben assuring us that we will never run out of chips to play with...
http://www.zerohedge.com/article/perpetual-motion-machine-drives-forward-unabated
Yet another massive floatation of Treasury Bonds sold without a hitch. Yet another up day for Cramer's Horsemen. Yet another day of crappy returns for "low risk assets". More bottle rocket moves in junker stocks like Citigroup. More safe haven items like gold discarded in favor of NDX stocks with 75 P/E ratios. What's not to like???
Bernanke, Geithner, LLP has successfully brought the economy out of the abyss, by utilizing the time tested model of "Wash, Rinse, Repeat" cycle of marching up stocks, with periodic shanks to scare people into bonds, spook everyone out of commodities, and eventually re-invigorate "Animal Spirits".
Anyone catch those ads from Interactive Brokers hawking 1.5% margin interest rates?
See what I mean??
Interest rates are still near 40-year lows. As long as Grandma can only earn a paltry 38 b.p. by investing in 1-year T-Bills, eventually she is going to throw up her hands and get chased into AT & T or Verizon paying over 5.5%.
And meanwhile, most sheeple are still clueless about stocks and are still piling into bond funds. Wait until they wake up and discover that they could have parlayed that mortgage payment (which they haven't made in over 9 months) by opening up an E-Trade account and making 17% on Citigroup in 3 days.
I guess many of these foreclosed out, house squatters will eventually "take control" and start daytrading again.
Who knows?
Oh, well, a look at some of today's screamers:
Amazing how these restaurant stocks are the hottest item going these days, even with 12% unemployment and $82/crude.
Ruby Tuesday's
Not to be left out, there are many who missed these moves, and are now starting to gun some junkers coming off the lows, like Gamestop:
Hey, maybe instead of "Guitar Hero", perhaps some of the game companies can come up with a video game that simulates hedge fund trading. They can call it "Wall Street Hero".
LOL...
And with natural gas crashing to multi-year lows, is it any wonder that Wall St. is going to be gunning for thousands of new natural gas stations in the future??
What happened to Peak Oil? Where are the gas lines? I don't see any.
Did you miss Pets.com back in the day?
No worries, you can still catch Drugstore.com
Oh, well, just another day in the Gambling Casino. With Ben assuring us that we will never run out of chips to play with...
http://www.zerohedge.com/article/perpetual-motion-machine-drives-forward-unabated
"During times of universal deceit, telling the truth is revolutionary" George Orwell
"The only thing worth globalizing is dissent." Arundhati Roy
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