Here’s some of the things I "learned" over the past few weeks:
The economy is great.
Reading comprehension is on the downslide.
Markets have gone up over the past 70 years – therefore, you should always be Bullish.
When you are dead wrong, never apologize. Just change the subject and move on.
Oil prices will come down eventually.
Big caps! No, really, this year, I mean it!
Stupid is as stupid does.
bettereasier to fail conventionally then to succeed unsuccessfully.
Jobs are plentiful.
Its good to know who your friends are.
Don’t bother reading — knee jerk responses to headlines are just fine.
Some people need to remove their socks to do math.
Inflation is no worry.
Fat, drunk, and stupid is no way to go through life, son.
Trolls are alive and well.
If you disagree with someone, it is an acceptable tactic to misquote something they said to make them look foolish.
Its easier to ask a stupid question than Google for the answer.
About 1/2 (plus or minus) of the criticism Cramer gets is undeserved.
Some people are lazy, others are less than geniuses, still others are outright hacks. A select few are all three.
The Status Quo has many supporters.
Pay no attention to the man behind the curtain.
Bearish projections, but bullish short term posture, and disclosed long positions = Bear.
Why do you hate America?
People can be quite odd.
Borrowing money against an asset isn’t debt — its income!
Because PERMA-bears have been wrong for long periods of time, anyone who is Bearish is therefore wrong today.
That’s some catch, that Catch-22.
Rationalizations are more important than strategic thought.
Question this economy? You must be a member of the far left.
Behavioral economics is a fraud.
There are people who are chickenshit cowards.
True Contrarian thinking is exceedingly rare.
It is different this time.
Tell me about the rabbits, George.
Some people – despite putting up some pretty shoddy numbers – sure talk a lot of smack.
And that, as they say in show biz, is that.
Small World: On Saturday, I mentioned problems with Citibank’s Panic/Euphoria sentiment measure. Then, I discussed the work of James Montier of Dresdner Kleinwort Wasserstein (DrKW) yesterday, (Seven Sins of Fund Management). This was the first time I ever mentioned him. By coincidence, I read about a Fear/Greed indicator last night from the very same James…Read More