They're all Bullish now!

Hey Folks,

Re: Two of the Biggest Bears are now Bullish, after a nearly 30% rally from the recent lows.

Ain't they just too cute and always stupidly behind the curve?

 https://www.cnbc.com/2020/04/08/howard-marks-memo-oaktree-founder-says-its-time-to-stop-playing-defense.html


And, of course, there's the big dog, Goldman Sachs: Remember they were extremely Bearish on 3/29; and said then that the Market can't go up again until three things happen >>>> that never happened:

https://www.cnbc.com/2020/03/29/goldman-says-the-market-wont-bottom-until-these-3-things-happen.html

Well, this very morning Goldman Sachs - very conveniently - forgot what they said back on 3/29 and just went Bullish predicting a rally of S&P 500 and hitting 3,000!

Where were all of them on 3/23/20 when I said BUY EVERYTHING?

And 'Oh, Bye the Bye?'

Where were all of them on 2/2/20 when I issued a HUGE Black Swan and said to put at least 5% in puts?

Can you imagine, people actually listen to these Clowns?

These guys actually get paid for their ever wrong claptrap and after the move advice; and their firms charge huge fees to listen to their BS?

So, just for them, I offer a glint of things to come, on the record, on this day (4/13/20) just for these Clowns; and I guarantee they will miss this coming attraction too >>> until long after the fact:

Under cover of a COVID Tarp:  the Fed has just injected trillions and Trillions of Airdollars into a whole bunch of over-leveraged losers AND they have swept a whole bunch of Junk-bonds and bonds that were soon to be rated Junk into the Black Hole of the Fed's Balance Sheet** never to see the open markets again!

What a Majik Act!

So, this market clearing operation by the Fed has now set the Trap of all Traps for the Biggest Bull Trap of the Last Three Centuries!  


Richard


** Since a similar action in the Credit Crisis of 2008/09, the Fed's Balance Sheet has become the trash can that forever hides the insanity of a perennially over-leveraged economy and forever removes from the markets JUNK, which once upon a time in the recent past could only have been cleared from the markets in a Stock Market Crash and accompanying Recession or Depression!