Friday, September 7, 2012

Beware The Dead Cat Bounce

Markets are rising on the self delusional hopes that "this time" the ECB really will do something tangible to stop the rot, and will buy bonds willy nilly.

Be warned, this is nothing more than a dead cat bounce based on the false delusion of ECB action.

Repeat after me:

- There is no plan
- There never was a plan
- There will never be a plan