By Tyler Durden
From “Blain’s Morning Porridge – May 19” by Bill Blain of Mint Partners
““I’m shocked – shocked – to find that gambling is going on in here..”
“Your winnings sir.””
Wow. My current bearishness got me well and truly Bull-Pimp Slapped yesterday!
Couple of clients actually called me – rather than just emailing – to tell me how absolutely wrong I was about Global Markets being on the verge of something quite horrid. I was told the global economy and outlook remains in positive shape: stock markets are not overvalued, stocks have fully discounted Trump, fundamentals remain resolutely bullish, earnings are strong and rising, and broadly that I should shut-the-***k up and stop upsetting the readership.
“For God’s sake Blain.. you are scaring the horses..” said one.
Fair enough… if you wish to believe whatever you wish to believe. Take the Blue Pill.
But, but and but again… the bottom line is yesterday’s slight bounce back in what remain Risk-Off markets feel about as solidly supported as an alligator in the Washington Mirror Pond..
If there is a theme to what’s really going on, its “tedious inevitability”. So, with due respect, “bear” with me (geddit? see what I did there?). Take the Red Pill, and …read more