Wednesday, April 1, 2009

Breaking News - Bewildered Armchair Traders

Ha! DOW is up 153 points. Even though we opened down 1%, it didn't matter, the credit markets were indicating bullishness. The fixed income market has been telling you all sorts of things. Hedgefunds want to buy toxic assets. The government will do anything and everything it can to prevent the Great Depression 2. It's important to remember to not focus on this quarter (it's going to shit the bed), the market is looking out six months from now.

I think there are too many regular folks out there listening to the doom-wishing, coffin-humping, bear-loving fools. Don't let yourself get too negative. It's way too late for that. The horse left the barn. Or should I say bull?

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Rags to Riches to Rockets" only on Ranting-TV…

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