The equity market is bit like a coil being unleashed at the moment (2008/08/05, 1pm)… With only very small vibrations; market participants are desperate to get in, but with very selfish market longs underpinning it and they will not let others in the door…. A bit like a schoolchild, who has been bullied for months and finally getting his own back.





Speak your mind

2 Comments so far

  1. Mark Candon on August 5, 2008 7:24 pm

    I wish our educational system focused on multiplication tables and declension — as it did in the 50s and early 60s — rather than all this effort to end "bullying" in school. I heard an ad on the radio just the other day about "eradicating school yard bullies." Another one of those "public service messages." It reminded me of a kid in my small town who was a bully in the graded school. I will never forget seeing him on his first day in junior high. After school, two bigger kids in the eighth grade were holding him down on the ground and punching the daylights out of him. Nobody broke it up, and that kid turned out to be a pretty meek adult. I think it's better to let kids work out some of these things themselves (without the public service messages and adult supervision). Instead of bullying, the ads should stress learning declension and the multiplication tables. What do you think? Is the market going to rally strong with lower oil? And should we be selling into the rally if we're going to get punched out in the fall?

  2. Rose Stone on August 5, 2008 11:23 pm

    Thank you. A wonderful example of Ballyhoo Deflation.


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