Morning Audibles 4.1.10 - April Fools Day

"A FOOL and his money are soon parted" (Thomas Tusser - English Farmer/Writer, 1524-1580, who also said "Sweet April Showers do spring May flowers")...

Speaking of Fools (and April), here's how Wall St. works to make the logic of Tusser come true.

It starts with these two guys (shown here paying a visit to their sock puppet sugar daddy rich uncle). They then proceed to play version of 3 card monte [probably with tarot cards]. They bid up equity prices day in and day out, exchanging them between themselves. So as to not look so obvious doing it, they focus on "single digit midgets" (like C, AIG, FNM, FRE), or shares that are hanging around somebody's REPO shelf.


On the first 2-3 days of each month then, a big transfer occurs.

These MoMo's (money managers), appear to the masses to be hard working types, pouring over charts & analysis all month & interested in nothing more that YOU being able to retire in semi-luxury in that retirement McGolf community.

I always wanted to have this guy in my foursome...

Of course it was YOUR money that the MoMo's used for that transaction (the money YOU NEVER saw because it was whisked out of your paycheck, and into your 401k account for the Momo to distribute while he fancied himself being THIS GUY).

Instead, THIS GUY, just made "A million dollars"

Now OTOH, if you're a "trader" of this phenomenon, it's probably just best to wait until all these transactions have taken place, and if you're a market BEAR, that opportunity won't likely come until next Tuesday or so.

Any questions? You could perhaps refer them to Tusser, who also said, "Methesulah lived to be 969 years old. You boys & girls will see more in the next 50 years than Methesulah saw in his whole lifetime"... And Tusser said THAT in the 1500's...