Wednesday, September 29, 2010

CHOP CHOP CHOP

Karl sure has a way with words...his latest missive:


When the market starts to act like this - when there's this "invisible hand" that magically levitates things, when people resort to disseminating outright liesabout the market or specific companies and do so to counteract actual bad news that would otherwise result in moves down, it is a sign of desperation - there are people with money and power who are on the wrong side of the bet and they are willing to deceive you and rip you off outright to avoid being the one with the bag.


Read more here.

And one more chart for today:

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