Thursday, April 16, 2009

This Just In - Haters!

All the smarty-pants economists and analysts are pissed off. Every day they come out on TV and make the same bear argument over and over again. They just can't understand how the market can keep climbing higher week after week. To them, they keep looking at their 3 month old data and keep making the same assumption. Round peg just won't fit in square hole. Why isn't the stock market doing what they have been preaching about?

Nobody believes in the rally. Everybody hates it and is trying to bet against it. These losers keep buying gold (for inflation, right?) and trading houses and hedgefunds who have lost major amounts of money trying to short the broad market are getting a butt-full of clown. Now they have had to switch to long positions, trying to make back their losses.

And so we continue to climb the "wall of worry". It's been a simple trade, but not an easy one. It's like a game of Jenga.

Everybody is hoping that the market will go back down to DOW 7000 or 6500. Not a chance. you missed it. All you fuck-ass "value" investors missed your chance. It's a mommentum market now. Deal with it, and stop bitching. If we see 7500, that will be it.

And all the smarty-pants continue to question the rally. They keep watching, they keep waiting. And the market continues to get away on them. Mr. Roubini, I'm talking to you.

Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "Hedgefund Managers Gone Wild!" only on Ranting-TV…

Breaking News - Rosetta Stone IPO

Rosetta Stone just IPO'ed this morning. The stock was priced at $18 and looks like it will open up $25. This is very good news for the market in general.

First, it's a very good sign to see a successful, well-received IPO's in a weak economy. This IPO reminds me of the Mastercard IPO (at $40).

It looks to me like it was deliberately priced low to encourage buyers.

If you were able to secure stock (at $18) you would be able to flip it into the open market at $25 today. That's close to a 40% pop. Yes, it's a peace offering to shareholders.

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