The generation that never learns
Just five years ago in 2009, today's generation of investors swore they would never get conned again. At all costs, they would avoid the same mistakes that had brought them to the depths of despair. They had been conned into being Wall Street's bagholder in 2000 and 2007. They also bought into the housing bubble and the subprime delusion. Many investors like myself, quit and walked away, gladly willing to accept 0% on savings over another roller coaster ride with psychopaths. However, the fact that this cycle is repeating on an even greater magnitude despite the economic destruction wrought the last two times, shows there are still a disproportionate number of fools running amok. Those who don't learn not to trust psychopaths, are doomed to be monkey hammered into fucking oblivion...
A generation of degenerate gamblers
ZH: This just in: The key question right now:
Will the Fed Buy My Stocks Ahead of the Election?
Which stocks should I buy ahead of the Fed?
Can the Fed stop a global meltdown and de-risking after it's already underway? The answer is no. There are $200+ trillion in financial assets that have been systematically mispriced over the past five years, so this latest man-boy gambling scenario that Central Banks can prevent a stampede out of massively leveraged investments, is a fantasy of the first order. Buying U.S. stocks will not prevent the Asian carry trade from unwinding nor will it prevent Spanish bonds from being repriced, nor will it stop the free fall in oil. And let's see, as I recall, 2008 was a Presidential election year, and yet the Fed "let" the stock market crash that year, so I think we already have the answer to the latest morally void gambling question.
ZH: This just in: The key question right now:
Will the Fed Buy My Stocks Ahead of the Election?
Which stocks should I buy ahead of the Fed?
Can the Fed stop a global meltdown and de-risking after it's already underway? The answer is no. There are $200+ trillion in financial assets that have been systematically mispriced over the past five years, so this latest man-boy gambling scenario that Central Banks can prevent a stampede out of massively leveraged investments, is a fantasy of the first order. Buying U.S. stocks will not prevent the Asian carry trade from unwinding nor will it prevent Spanish bonds from being repriced, nor will it stop the free fall in oil. And let's see, as I recall, 2008 was a Presidential election year, and yet the Fed "let" the stock market crash that year, so I think we already have the answer to the latest morally void gambling question.
Distribution: Wall Street selling to the usual bagholders
This is the hand of Wall Street up the puppet ass of the Idiocracy. One. More. Time:
