ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Monday, November 17, 2008

 

to be a contrarian


note who was preponderantly broadcasting the non-analysis that actually presumed to mock peter schiff, who was of course exactly right on every single point.

it's broadly true of network television news of course -- but if you consume fox news in particular for anything except the current barometric reading of american stupidity, you have been duped. the agenda is not information; it is assuaging the american national insecurity complex, which is of course quite profitable.

the deeper lesson, of course, is on the difficulty of being a contrarian -- even when you have the problem and its resolution nailed. standing against the tide is not easy even when, perhaps particularly when it is a tide of belligerent idiocy.

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"barometric reading of american stupidity" lol

 
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