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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (81157)4/25/2007 4:15:59 PM
From: Perspective  Read Replies (2) of 110194
 
<rant on>Well, another day, another explosion upward. I'm so sick and tired of watching irresponsible investors get rewarded for paying exorbitant multiples of earnings and cash flow, hearing about all the BS private equity deals, and watching the emerging markets go up every fricken day. I guess I'm just stupid for thinking that reality will ever matter ever again, or that any central bank will ever give a sh*t about the asset bubbles in progress. Stupid for expecting there to ever be another bear market, and that it might have something to do with the collapse of the housing bubble that rescued the stock market bubble and cranked up the money supply in China. I keep trying to maintain some short exposure, because the rational part of me says that the hyperreality must end at some point, but I can't believe - I'm just STUNNED - at how long it manages to go on. The emerging markets are *clearly* in a bubble blowoff now. What the hell are the central bankers waiting for? Do they think it's better to just stand idly by and see how big it will become? No, actually they're not standing idly by even. They're encouraging it, feeding it, every single day, buying dollars and dollar-denominated securities, shoving huge amounts of Yuan into the local economy.

When is this crap all going to end? I just want an environment where I can earn a decent (high-single digit?) return after inflation without having to drink the kool-aid and depend upon the mass stupidity in progress.

Jesus - how quickly we forgot the Nasdaq bubble...

Is it EVER going to end?!? I thought I would pull my hair out before the 2000 bubble finally popped, but this is even worse.
<rant off>

BC
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