Interdum stultus opportuna loquitur...

Tuesday, January 22, 2008

TootRant: Fed Cuts 75bp...

Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.

Gutless wonders.

These people have spent their entire lives being suckled at the teat of the taxpayer... why should they abandon a winning strategy now? You don't have to be especially bright to be a bureaucrat or a politician - you just need to be a complete whore who will change allegiance like the wind.

Still, it shows something, don't it... as I said in the latest OzRant, better to be on a contrarian long in the face of a possible crash, than to initiate shorts (or sell longs) at a blowoff low.

That's not precisely what I wrote but it is close enough.