I hope everyone is having a fabulous holiday season. I have been away for a while trading for a small, yet growing relative value hedge fund. What I have found to be truly helpful in this endeavor is my new found ability to disregard common sense, filter out all voices of reason like David Rosenberg and listen to the chattering morons on CNBC! The recovery is underway? Damn straight....sell the two year! High Yield at levels tighter than pre-Lehman? Wave it in!! The amount of money that continues to flow into assets that no one would touch with a barge pole 7 or 8 months ago is just astounding. Best way to get the new religion? Get short some risk-asset class like high yield and watch it get run up your ass by 2 points in 3 days and then you will see the light. Lord knows I have!
Anyway, the bubbles that are getting blown now are going to get a bit bigger before they blow but when they do?? As Sonny Corleone says, "Ba-bing! All over your nice Ivy League suit!"
In the meantime however, can somebody please find whoever is responsible for the BlackBerry commercials and string them up by the short and curlies....please?
you know who to blame first? that pig-whore yoko ono and that moron homo sir paul macca. now the fools who puttogether this idealist rubbish are just as responsible for the downward spiral of our country as simon cowell, mtv, the clintons and the business of celebrity. we are in such trouble i cannot bear to think of it.
Posted by: big frank | December 29, 2009 at 07:15 AM