Tuesday, July 26, 2016
David Einhorn's back talking "jelly donuts." Who gives this idiot money to manage?
Remember David Einhorn? I showed you back in Feburary how he was going short commodities and industrial stocks. The Dow Jones INDUSTRIALS was at 15,500. Now it's 18,500.
Now he says get ready for more "jelly donuts." That's how these little boy Wall Street idiots who think they know something, talk. Jelly donuts, as in, more rate cuts. Or, as they call it, "stimulus."
Meanwhile, companies are beating earnings left and right, home sales are at an 8-year high. Wholesale inflation is picking up. There's wage pressures growing. Government spending is on track to set a new record this year.
And he's talking rate cuts.
That's your signal to sell Treasuries.
Who the hell gives these guys money to play with? Crazy!