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Wednesday, August 25, 2010

The Three Stages of Veritas

The truth. First it is ridiculed, then it is violently opposed, then it is accepted as self evident.

We are finally entering stage 3. Not that any of us will take any satisfaction from being right- we are simply scratching our heads wondering what took you people so long.

After more horrible stock market news today, (durable goods and new home sales) many of us are in absolute awe that the market has not tanked an appropriate couple hundred more points. This leads to one of the last great truths. The stock market is being manipulated. Clearly.

Don't buy in. I'm not even sure if I put or short the market, that there will be any money to pay me with or whether it will be worth anything, anyway...


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