Ugggghhhh, what a crappy end to the week. DSL craps out at office, have to wait for big file to copy over to laptop, turn on CNBC, Bat man, Smiling Happy Woman, and Seidman. Tyler Mathison speaking of the bear market in the past tense cuz hell it's over, blue skies ahead, bat man and smiling woman telling everyone to buy buy buy, then they ask Seidman if he agrees with Buffett that we're in for a long downturn and he says he does. Well lets not ask him anything else, let's talk to Joe and Smiling Happy Woman. Best part was Seidman pointing out bear markets typically end with 10-12 p/e's, not the 20's we have(arguable that it's even that low) and Batty gives a great new economy hocus pocus explanation why 20 p/e are like teen p/e's in the old days.
Just makes me ill that CNBC has these people on(Seidman aside) when they have gotten everyone absolutely massacred. You'd think maybe they'd want to have Fleck and others that were right on, but nooo, hell with reality, buy buy buy, hurry, shoe shine boy bought the bottom you're already 7% behind him, don't let him get further ahead.
Worst thing is I can't tell whether all the hot air works for a while and runs the crap up even higher, or if its done right here and goes back down, despite the huge prop job by these clowns and the Fed.
Beginning to think I may go long Big and Tall shops, if Gruntal goes kaput, Batman may have to start buying off the rack. |
