Bloomberg is pumping hard, I'll give them that. The bulls trumpet the results of inflation and declare victory. And you know what? Every bear knows in his heart of hearts, that these pigs can rally this mess and nullify the breakdowns from this week.
Dollar drops on GDP? Are you kidding me? And these people have the nerve to pretend there is something healthy going on here? They are vampires folks, plain and simple. Cheering a stock rally that depends on devaluation of the currency. No long term view, no nuthin'. Pigs. If there was anything whatsoever healthy going on here, would the dollar not be rising in anticipation of higher short term interest rates?
I remain short, but screw you bully, both accounts are green today as they were slightly down yesterday. A market neutral stance, long stuff I favor and short stuff that I think stinks. It's working so far.
Anyway, back to Bloomberg. Get a load of what the 2nd guy had to say in the last two sentences. Oh my, that is too funny.
“The fourth quarter will be the Waterloo of the bears,” said E. William Stone, who oversees $102 billion as chief investment strategist at PNC Wealth Management in Philadelphia. “We are in economic recovery both in the U.S. and globally, so you will eventually see revenue growth because you are seeing the recovery hold.”
“The stock rally is not over yet,” said Jeffrey Kleintop, who helps oversee about $247 billion as chief market strategist at LPL Financial in Boston. “The stock market can celebrate. This news is an important confidence boost, in particular to individual investors.”
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