Weekend Reading 9/19/09

The market is not the economy people, these are two very different things, and if you can’t wrap your head around that you are going to be lost in the wilderness for some time to come.  The American economy is still in shambles, we are experiencing a technical GDP recovery based on inventory restocking after a complete shutdown of all business last fall and winter.  We are still losing jobs, top line growth is still dead, and global trade is still at a standstill.  Was that enough stills for you?  The stock market on the other hand is experiencing a liquidity driven race for real assets as the US Dollar gets taken to the woodshed.  Frankly, I don’t even want to carry cash around in my wallet anymore, it’s worth less every day.  When this liquidity push ends is anyone’s guess, but if you aren’t along for the ride you are missing out on making bank, and you are seeing the value of the US Dollars in your bank account devalue every day.

Here is your weekend reading:

The money in this market is fast, it’s one big game of musical chairs, someone will be without a seat when it stops.

The market is now at historic overbought levels to match the historic oversold levels of March.

The economy in shambles will spur awesome innovation like this.

In a globalized world, trade will almost always trump politics.

Oh yea, where did that little thing called PPIP go, right thought it was dead, hahahahah.

The treasury needs to find a way to dump the steaming pile of crap that is Citibank stock on the public market.

Jobs aren’t coming back in America until we find something new to sell.

You may knock the Baltic Dry Index, but it may be the best measure of global trade right now.

When it comes to foreign policy, I’m a realist, the missile shield meant very little.

Why the hell do these kids even go to college anymore, can’t daddy just send them straight to Goldman Sachs’ Analyst Program?

I love Chipotle, everything about their business is awesome.

My father is stocking gold bars in his safe at home, how are you buying it?

I fear that smart as Obama may be, he may be overwhelmed by the protectionism around him.

How do you define trend in your trading strategy?

Don’t you wish you had bought these at the bottom.

Syria is a key piece to the Iran puzzle, are they ready to leave the dark side.

China knows that Africa is the key to everything while we are buried in middle east sand.

To all of the Jews out there, of which I am one, have a happy and healthy new year, Shana Tova.

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