Replies to post #111690 on Zeev's Turnips Patch-No Politics (ZEEV)

[federal reserves]

Basser> The dollar has been collapsing

while AG cuts his green.

He is in deep trouble.

IMHO he is insane, or close to it now.

He is attempting to prop up his falling bubble.

Once he goes, we can talk about recovery.

[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.