Haiku For You
Oct.31, 2007 in
Haiku
Missing bull market?
Blame Fed manipulation!
It is not YOUR fault.
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Take Churchill, who’s supposed to be a God of courage and decency and smarts. Wrong, wrong, wrong. Churchill was a buffoon. He was the moron who got Allied armies into useless Mediterranean campaigns in both World Wars. Gallipoli had Churchill’s autograph all over it, and he was so stupid he tried the same crap 25 years later with the Italian adventure.
— Gary Brecher-
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November 1st, 2007 at 9:18 am
If you watch CNBC or any other news channel, they always debate whether the Federal Reserve should lower, raise, or not change interest rates.
How come they never debate “Should there be a Federal Reserve?”
November 1st, 2007 at 4:19 pm
Skewered haiku
Gored, not recognizable
Like your dead bull.
November 1st, 2007 at 6:32 pm
@ quints: that’s funny! You should, like, get a blog of your own and do some Haiku posts!
@ FSK: I’ve covered this before. There is a narrow range of permissible public discussion in the mainstream media. What you suggest, although logically appropriate, is not allowed. Should any anchor start that debate, they would be fired, and quickly. Persons who hold such positions publicly are generally subject to ridicule by the mainstream media. See Link 1 and Link 2. Only because of massive grassroots support and prominently visible fundraising is Ron Paul able to get away with it, and they are still calling him a kook, they’ve just slacked off a bit after seeing how widespread the view really is.
I’m not a fan of the Fed, and, if in some bizzaro universe I ever got on CNBC, I would likely be the one to raise your point. However, this Haiku is about something else other than the Fed’s value to existence.
This Haiku was a jab at the ignoramuses who claim to understand economics as they are (not as they should be, but as they are, and yet, blame Fed manipulation for things that happen in the investing world. Usually these dingbats, dipshits, and wing nuts are at the least, bearish on the “economy,” if not net short or professional short-sellers. My point is this: if they think it’s manipulation, then they should play along, and teach their readers how to make money from it. But they should STFU with their “it’s data bogusity” complaining while they’re falling behind the indices holding too much cash, because the Fed didn’t make them hold that cash: they CHOSE to hold that cash. Regardless of what the Fed does, they need to take responsibility for their own trades and not blame some “government” entity.
November 1st, 2007 at 10:00 pm
Don’t expect me to have read every post you ever wrote in your blog. I’m just stopping by for the first time.
Personally, I am MORE than 100% invested in the market. I get extra leverage by buying call options. In other words, I am betting that there WILL be inflation. Based on my analysis, a 10% allocation to call options is equivalent to a 50% allocation directly in the market.