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Thursday, July 03, 2008

BULL SHIT

So, the bull market is over.

Officially.

I have been looking the ass end of the bulls for a few months now, like everyone else.

The only trace of the bull market is now bullshit.

I have a mixed portfolio. It is managed. I pay people to do that job. No commission. Just a lot of bucks to provide broad services.

But they can't do much about the bulls.

They can minimize the damage.

I comfort myself by looking at the Dow over ten years and see that I have been in this kind of thing before.

But I don't think it was this severe.

I know.

We are all in it.

Us fixed income folks have nothing on the people who have to drive for a living and everyone pays the same at the grocery store.

They say that we are officially in a bear market now.

OK.

How long until the only sign of the bears is bear shit?

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