The Market Mr. Yellen Will Inherit

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I am considered by many to me a permabear. That’s an understandable assessment. I feel the same way about myself.

But the analytical Tim is somewhat different than the dogmatic Tim. The analytical Tim was on full display in a best-of-Slope post I did over three months ago about the “Runaway Russell”.(Slope+ premium members got a deeper dive, along with a specific numeric prediction).

Well, unfortunately, I was absolutely right, and I made the prediction in the context of a post that I considered declaring “the most important post I ever made“. The markets have indeed surged, and I present to you what Yellen is going to inherit, sort of like how Obama inherited all the goodies from Bush. (Thanks, Ben!) This woman has no clue how miserable her life is going to be. None.

1029-rut

My poignant closing quote on my Runaway Post was:

So the good news for the bears is that I seriously think we’re in the final throes of this disgusting insanity. The bad news is that we’re not just a few points away; I think we’re going to enter the final orgiastic bullish spasm which snuffs out the bears once and for all. And then all holy hell is going to break loose. I only hope we’re all still here to enjoy the fun, because witnessing worldwide financial mayhem, at long last, would put a twinkle in my eye.

I know the credibility of bears is approximately 0.00 right now (or less). But I was right about the runaway Russell, and I think I’m going to be just as right about the apocalypse. We might not be quite there, but we’re sure a hell of a lot closer than we were in mid-July. One or two more percent won’t make much difference. Oh, and I’ll just leave this here:

yay

Prepare ye the war of the bear. Repent and save yourselves. For the end is nigh.