Can't be too dependent on these clowns, most of whom can explain the past perfectly competently despite the fact it is largely irrelevant.


Right now the markets are levitating on the mother of all carry trades thanks to the Fed. When they take away the punchbowl, there will be hell to pay. This all sort of reminds me of my childhood when I used to enjoy a kid's game called musical chairs. The game is great fun until you can't find a seat.


Anyway, until the Fed starts to unwind its quantitative easing (along with all the other central banks busy inflating their own currencies), this game will be over and investors will have to own companies that actually deliver sales and earnings instead of "less worse reports."


I hope for your sake that GET graduates into the list of money making companies before then.