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turdburglar (41.59)

There's one born every minute!

Recs

13

September 12, 2011 – Comments (1) | RELATED TICKERS: GLD , TLT

It's time to be greedy now.  Others are clearly fearful.  Ron Paul is taken seriously these days.  Look back at 2008...and "Ol' Hopey" was taken seriously.  Suckers have traded in optimism in empty and generalized promises for interest in some libertarian "let's abolish the Fed and go back to the gold standard" drivel.  But just because they're suckers doesn't mean they aren't useful - especially as a guage of excessive optimism or fear in the markets.  As PT Barnum saw it, "there's one born every minute", and that's a good way to pad your pocket.

Right now suckers are buying gold and Treasuries - and they're laughing at you and me for buying stocks. 

Look at the political landscape right now. 

Obama - "It isn't my fault - the Republicans keep putting bad news on my teleprompter so blame them."  It's really not his fault.  It's yours - for believing him.  Sucker.

Ron Paul - out in left field so far I can't hear what he's saying - it's just coming as a lot of gibberish but I probably just need to adjust my tin foil hat.

Rick Perry - "let's hang the Fed Chairman." - ...ya just might be a sucker.

Michele Bachmann, Sarah Palin, Herman Cain - purely for suckers.

Suckers might buy into this BS, but suckers are called suckers for a reason. 

If you don't believe me about these suckers, try turning on some talk radio some time.  Now sit there and listen to it for a while.  Now tell me there aren't a bunch of suckers out there that will believe d*mn near anything.  It's on the radio for a reason - because someone is stupid enough to listen to it.  And...because advertisers want access to the type of people who are stupid enough to listen to it.  They want people that aren't put off by absurdity and ridiculous nonsense.  They want people that have not bullsh*t meter whatsoever.  "Here buy this sh*t that protects you from radiation poisoning from Japan.  I know it's 6 months later, but the government isn't telling you that you're still being poisoned.  Be one of the few to survive because you took the cr*p I'm selling only on some weird radio station listened to by tin-foil-hat-wearing nuts living in caves full of gold, guns, spam, and dirty magazines, so you'll be the only ones lucky enough to know about it."  Suckers so want to believe. 

In the late 90's suckers bought fartinthewind.com-type stocks.  In the early 2000's they bought investment homes in Vegas and Phoenix.  Right now suckers are buying gold and treasuries.  You can bs yourself and say it's not a bubble just like you probably did with internet stocks and real estate, but you know it's true. 

So put on your tin foil hat and adjust it just right.  Then get out your magical insight crystal.  Assume your deep thinking yoga position.  Now listen to me.  Sell out of gold and treasuries before it's too late.

1 Comments – Post Your Own

#1) On September 12, 2011 at 4:06 PM, davejh23 (< 20) wrote:

You can read about fear, and risk, and whatever in the media, but what's really going on in the market right now?  Are investors, and I mean large investors, really fearful right now?  Margin useage is still near all time highs.  Mutual fund cash levels are still at all time lows.  We still have analysts predicting S&P 1,400 by year's end, and upping 2012 estimates as well.  At the same time, we have bond and CDS markets signaling global recession and sovereign defaults in Europe.  You may be right about gold and treasuries, but for all that's going on in the world/markets right now, there is very little fear.  GS is still predicting a QE3 announcement coming up...the Fed's next announcement could be a turning point in either direction. 

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