those red and blue lines, the markets...
And where will you go today m’love?
Last few months, I’ve watched you zip and zoom the blue line marching on, when, matter of fact, you ought to be dipping a tiny bit. Catching your breath a bit on every stratospheric increase. But on and on you went, adrenalin charged. A different beat.
A rumble in far away China, something to do with stamp paper? But no.
A trade built on a house of cards,energy whatchacallits, reminds me of playing with make-believe paper money as a kid, you print more as you go along. but no.
but subprime lending? Who in their right minds would lend on the back of nothing? Not the stodgy neighhourhood bank, not the flashy private one, the government wouldn’t allow it. Why didn’t they step in earlier? RBI would have, quick and early on, threatening blue murder and brimstone, so why didn’t the Fed? they were being nice because next year is election year? And for crying out aloud slicing debt into pieces like it was a salad you were making and marketing this to hedgies? Las Vegas, anyone? I scold myself- real men, good brains, real money. What the…
And a tanking $ that punishes performance. It was 46 to the dollar not so long ago, now it is 40. You do well internationally and it shows up as pathetic, just because you are now multiplying by a different number. Life’s not fair. Scott Peck said that first.
So where will you go today, m’love?