We were heading into Thanksgiving in 2007. I felt the need to heckle Larry Kudlow in order to bring some much needed humor to my doom and gloom blog. Imagine that!
November 21, 2007
Three More Years of Goldilocks? - Larry Kudlow, November 21, 2007
If heckling was an Olympic Sport, I'd say I did rather well. Granted it could not have been worthy of 10.0, due to the extremely low difficulty of the maneuver. However, I think I should have at least gotten a bronze medal for nailing the timing. The recession started just one month later and we're STILL in it. The DJIA closed that day at 12,799.04.
Further, the Candy Mountain video really does our global economy justice (the ending will clear up the reason). I hope you enjoy it yet again.
This was followed up with a Candy Mountain sequel in late 2008.
August 13, 2008
Rude Shock Alert
There's got to be a pony in here somewhere!
The mere mention of Candy Mountain is enough to bring the entire global ponzi scheme crashing to its knees. Hindsight shows that the timing was once again right on the (lack of) money! The DJIA closed that day at 11,532.96.
I have great news for the bears amongst us who are somewhat superstitious. There is a new Candy Mountain video! Yes! Here it is. The world is once again in peril. Seek shelter!
We're from the future Charlie. The world is in peril. All that is good has been consumed by evil...
I know not what the future will bring, but I can say that the DJIA closed today at 9,627.48. I'll pass.
More on "Fund Managers' Current Asset Allocation - July" - Bond sentiment charts from the BAML asset allocation report (earlier post). Bearish on bonds and on the 10 year. They'll be singing a different tune w...
1 hour ago