Indeed the Manic of years past are gone. The market, with Central Bank support at it's back, continues to surge ahead to new record highs. Today another day, another record high. It was just another 'Sane' Monday.
The bear mocking is reaching a tipping point. I was big bear in 2008-2010, but lucky for me I'm not so arrogant and stubborn to fight this market just because I think I'm smarter than everyone else. However the egotistical, stubborn, eccentrics who make a killing once every 6-10 years when the market collapses are running out of time. You can only cry bear for so long..... right?
Now it's time for a song.
Doug Kass in 2014 was calling the P/E's a little out of whack. and he wrote a song about it.
Hey why not. I'll give it a try.
Lyrics below are to be sung with this music in the background. It's an old 80's song. Which, for anyone keeping track at home, happens to be the last time selling the rips has worked in this market:
Four o'clock already
and its time for the closing bell
Another record high
all the bears can go to hell (I don't mean this, It just rhymes)
They've called a top so many times
I guess they just won't get paid
Ali-Baba, Taper Talk,
and its time for the closing bell
Another record high
all the bears can go to hell (I don't mean this, It just rhymes)
They've called a top so many times
I guess they just won't get paid
Ali-Baba, Taper Talk,
They'll use any excuse that can be made
It's just another 'Sane' Monday
The Bears wish it was a 2008 Day
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
The Bears wish it was a 2008 Day
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
Bonds are selling off
and this is why its time to sell
Apple's overvalued, Earnings suck
and Greece isn't going well
'Cause the Central Banks aren't making this market fair
I'll Blame it on someone else
and go hug my fluffy bear
and this is why its time to sell
Apple's overvalued, Earnings suck
and Greece isn't going well
'Cause the Central Banks aren't making this market fair
I'll Blame it on someone else
and go hug my fluffy bear
It's just another 'Sane' Monday
The Bears wish it was a 2008 Day
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
Twitter Trolls are on me
like flies on a pile of trash
I've been handing out trade ideas
but they're worse than an ivy rash
'Cause I can't believe this market won't fall like it should
I'll blame it on the Central Banks
and leave Twitter for good.
It's just another 'Sane' Monday
The Bears wish it was a 2008 Day
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
'Cause that's their fun year
Now they're just spewing fear
It's just another 'Sane' Monday
(to be continued)