My buddy BDI and I have, on occasion, had to talk each other off the ledge. We tend to switch this role. Lately, I’ve been playing the part of the comforting assurance whereas he’s played the part of the dejected and disheartened trader. I am wishing him the best of luck today with his DOOMs.
My belief is that the nature of this market has changed. The dual-anti-Christs, Mr. Bernanke and Mr. Yellen, keep giving their bullish butt buddies precisely what they want, and it is losing its efficacy. I have been particularly focused on the small-caps, since the crooks on Wall Street are focusing on propping up the S&P 500 to keep the blinkered public into foolishly believing things are going to be hunky dory. Never underestimate the vacuity of the American public.
What gives me purpose in life is anticipating the collapse and having the charlatans exposed for what they are. The break is going to happen very subtly at first – almost imperceptibly – and the tribe is going to keep trying to trick the masses. But the attempts at rallying over the past few days have been getting successfully smacked-down. The battle ahead is going to be long and difficult, but in the end, Obama, Blankfein, Dimon, Yellen, Pelosi, and all the rest of them will fail.
It’s a big world. I’m just one little person. But my task is to provide you a comfortable front row seat. That’s why I built Slope.