Cash on the sidelines is a Wall Street con. How much of it is leverage anyways? Probably a lot.

I think the big picture being missed is that the entire last 10+ years of economic growth was leverage and inflation (not the traditional and flawed CPI variety).

That wasn’t even the flimsiest of cover, it was out and out con artist sales tactics. We won’t be at the bottom until lies like that start looking like… the obvious self serving con-artistry they are, to everyone.

I’m as open, to dischordant, to my own views, as the next guy, maybe, even moreso, though, “Uncle Vinnie” is, as hipster points out, bought ‘n paid for..

His take, I’ll give, isn’t worth the film, exposed to it, for it is something that, even, Algae can intuit from the current stream–MainStReam..
~~
Reinko,

rad take, welcome to ‘Fractal Economics’ : )
~~
Moss,

“Made on Wall St.” has, certainly, lost its cache`..now, if we can, only, get to burning Charlie Merrill, in effigy, and rediscover local/regional Exchanges, the Republic may, yet, be re-born..

Little problem: There are far more dollars compared to the combined wealth of the USA.

The FED is also talking about printing more of that although until now new sells of US Treasuries go perfectly.

Yet, in the end economies have that nasty tendency to reflect the actual wealth via, for example, the value of the US dollar. It can take a long time because the players do not understand the amount of dollars compared to the actual wealth. But in the end the players get tired and reality will set in, that’s the way it has worked for centuries…

We only have to wait.

VF is a sell side dude .. never forget that. His blurb about all the cash on the sidelines should not be taken as a bullish indicator under current circumstances. The typical small investor has lost all trust and confidence in Wall Street. I doubt they will return any time soon.

I agree with the Gisele bottom, but all “Uncle Vinnie” ever spews is information provided by someone else. I’m sure somewhere quoted above(because i refuse to read his sheeeet) will be a reference “thanks to the boys over at [insert a source] for this great information.”

Me, i’m just anticipating another leg down..way too much optimism, not too mention way to high PEs. I like shorting the CRE sector at this point.

I think a lot of people, Mr Farrell included, were unprepared for the depredations of hedge fund selling. On the whole I have found much of his commentary to be thoughtful, although his bottom calls have been inaccurate.

Here at TBP many of us prefer the Gisele bottom, no doubt Tom Brady agrees.