Morning Audibles 10.15.10

Got a headache?

IT happens... (mostly to yours truly - so I'm not as concerned as I perhaps should be about your silly problems)...

Capital Markets are always going to make somebody grumpy in one way or another... It is, in fact, all GAMBLING, so some are going to go home happy, and some grumpy on any given day... (Assuming there's REAL MONEY, not "pretend money" at risk)... The only one who is RARELY grumpy is the casino owner (who just takes the vig from both sides)... Or, perhaps, the person who sits around and collects a paycheck from somebody, but sits around and blogs all day on his employers time...

As for the REAL RISK bunch... And the casino operators who take their vig... There IS actually a way to make him grumpy... How do you do that? Easy! You take away all the clients... The FED, the banks, & the politicians are the casino owners here, and they simply don't understand a world where all the former "gung-ho" clients have had their pockets emptied, and are trying desperately to go back home with the last token of bus fare in their pockets...

They'll do everything in their power to shut down the bus terminal, keep you in town, and convince you to bet that last token on a shiny new machine that's a guaranteed winner...

Yours truly is sick of this game, and that's why I'm grumpy... I'm sick of the game, I'm sick of the casino owners, I'm sick of the "promoters" of the casinos, I'm sick of the conned people, I'm sick of the gargantuan efforts to enlighten the conned people, I'm sick of the fact that most of this has been brought out into full daylight, yet people still don't choose another path, and MOST OF ALL, I'm sick of hypocrites who try to play both sides...

Yes, you hypocrites know who you are...

You're the "Wall Streeters" who blog about a housing crisis, write a book, get a bunch of little elves to follow you around... Then, the CRISIS you predicted finaly becomes manifest... YOU'RE A HERO!... So how do you celebrate your accomplishment?... You sit there and watch a policy response that you must KNOW is doomed to eventually create an even deeper problem, and negatively effect the lives of tens of thousands (if not millions) of people... And do you complain about that?... No! And why? Because the "failed policy" response, in this case, happens to allow YOURSELF to feed at the trough...

It's a sin when mortgage brokers were pushing Ponzi finance scemes onto the market under the guise of a housing bubble, but now that that has all collapsed, and you have the FED trying to keep asset prices afloat, you're using the liquidity and leverage which is created in that process... And your rationale for doing so is...

"Do you want to be right? or do you want to make money"... Hmmm, it seems to me that the people you were railing against 5 years ago were saying the same thing at the time...

Probably the only thing more more comical than your hypocrisy, are your little school of PILOT FISH, who hang around your little "losers come all" open cocktail party (and add their contributions to the crapheap)...

Earlier this week, before a class, I got into a discussion at the gym about this "so-called" PROBLEM that is bantered about in the blogosphere all day long...

I explained that THE PROBLEM is simply that we're facing something CANNOT FIXED... At this point in time, it's in broad daylight, and yet everyone is standing around wondering what they should do... It's a cadaver people... There's no pulse, and it's not breathing... You're only wasting time and medicine by trying to bring it back to life...

Market BEARS know this... It's only a matter of time... Now, that TIME thing is tricky because the longer TIME goes on, the more opportunity there is for people to believe that the cadaver is not, in fact, dead... "Ooh, I think I saw a twitch there, did you see it? There was a twitch!"... NO PULSE, NO RESPIRATION, and you're talking to me about twitches that you think you saw?

I think that's the thing that irritates me the most (having to stand around and listen to all the rationalizations of all the people who think this can be fixed)...

"Oh well, I KNOW it's all going to fail, but hey look! AAPL is at $300"... "GOOG was up 10% last night"... "Gold is going to the moon"... "Oh we're SURE to take out the April 1220 highs by the end of the year"... "These markets will stay supported thru the elections, stay long!"...

There should be a law that says any company that invented this should

be BARRED from having a $300 stock price...

Anyway, all of the desire to grasp on FALSE HOPE INDICATORS isn't really helping the problem...

There is actually a bright side to all of this (for me)... Most people (most "Americans" - I should say), are woefully unprepared for a serious collapse... Despite the enormous measures I've taken to gain a degree of self sufficiency over the past couple of years, I still consider myself behind the curve... That's mostly because, over time, and in preparation, you start realizing things that you'd never considered before...

So this "stalling", this "kicking the can" down the road, has actually given me more time to accomplish things without having to do it in a hasty manner... It's like a "hobby" now...

But a warning to you all... If I've been at this a couple of years now, (and I still feel unprepared)... Well - just think about that for a minute... I will guarantee you that nobody could prepare themselves properly (even if they were given a guaranteed one months notice)... 

And don't expect that "notice" to come along... Like they say... "Nobody rings a bell at the top"...

And as for headaches... If this blog gives you one, then I suggest you not read it... Or otherwise take an ASSpirin...

Or, as I've heard... Some medicines can be taken this way, and are the preferred method used by the company they keep...