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!

Einhorn's funky jelly donuts

Hedge fund operator, David Einhorn, wrote a piece in the Huffington Post today where he talked about his investments in gold and why he was using gold as a hedge against what he termed, the Fed's "Jelly Donut Policy."

Einhorn claims that the Fed's policies are akin to eating Jelly donuts--they taste good, but too many of 'em will make you sick. Specifically, he's talking about the Fed's supposed, "easy money policies." (His term.)

Easy money? Since the Fed began its extraordinary measures back in 2008, it has removed more than $400 billion worth of interest income from the economy. If Einhorn thinks that's the same as eating a jelly donut, he must be eating some pretty funky donuts.

And excuse me but, gold???? That's the trade this "elite" trader comes up with??? Wow! Now THERE'S some out of the box thinking! I guess it doesn't bother Einhorn that the American public, by a large majority, now consider gold to be the world's safest investment.

Gee, that sounds familiar. As in, 2006, when the public considered real estate to be the safest investment? How well did that work out?.

Apparently Einhorn doesn't feel the slightest bit of angst being aligned with such an "elite" group of investors.