Do you know her? You should because as per US Govt. she is a “Genius” worthy of special visa for individuals with extra-ordinary ability.
I am not joking. So far her “extraordinary ability” seems to be limited to appearing in the Playboy magazine as their Miss November 2010. Her name is Shera Bechard, the Canadian-born former girlfriend of Playboy Enterprises founder Hugh Hefner. Now you know that America is in trouble.
And if we get time to look around, we may find “Fast and Furious” that I wrote about yesterday is here on schedule. Did someone say that there is no proof of month end window dressing? May be not but there is enough proof of quarter ending window dressing. After the disappoint of no QE 3, it was least they could do to goose up the books, so that the report to the investors would not be that bad. And of course we have to recover the $5 billion that “Whale” lost sometimes back. Or is it $ 9 Billion. What do the small differences matter anyway? It’s all free.
Somehow, we had advance information of these shenanigans and we are not surprised. The 1365 level in the 1st week of July, which I wrote about 15 days back, is almost here. In fact I would love to see it reach 1380 by the end of the week. Because we also know what is next. Don’t be surprised to see that mood has suddenly turned positive and folks start talking about technical indicators giving buy signals. Although you cannot fool all the people all the time, but when Government is on your side, rather when you own the Government, you can come pretty close to that.
So let us enjoy this nice weekend in the grandeur of delusion that we live in free democracy. At least we are lucky enough to buy drinks and gamble as we wish with the food stamps. Isn’t it a great country or what!
Thanks for sharing my take on the end game. Be safe out there.