OS is up to his keister in different pieces of paper that need to go in different directions, and everyone tells him that their piece of paper is the most crucial.
On top of that, one of his students has ended up in the ER, and the frantic mom is making the five-hour drive now. Send one up for J, if you would.
But, the day isn't complete without five minutes checking in with Jesse and JDA.
Something is seriously awry (actually a lot is seriously awry), and the ability of the Fed to continue to print and pump may be drawing to a close, finally. OS has stopped buying, and is willing to take his lumps on what he holds, 'cuz rain or shine, those firms will still be with us in five years or so.
This from Jesse:
The average person buys when they should sell, and sells when they should buy. Often they buy or sell when they should do nothing. The Wall Street insiders and their demimonde frequently help them to do this. That is how things are, and now moreseo than before because of the shrinking pools of exploitable non-banking capital and the lack of financial reforms.
And, for grins, this from JDA...
Too, too funny.
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