Let me Share a Secret...PRICE is all that MATTERS

What an important time to turn off the television if you own or want to own stocks or even short them.

Idiots are in charge.

They will freak you out at exactly the wrong time.

Every ass in the world is now pulling shit out of their archives about how they predicted this subprime disaster. Everyone was right…ya right! The inmates are running things.

Here is a great post and link from Eddie at Crossing Wall Street .

Read it.

Personally, I would replace the whole shebang with PRICE. You could have been on MARS, returned two months ago and blindly seen the subprime and homebuilder runs were over and still made a fortune. They were already down 50 percent. We are talking two weeks ago.

Screw calling tops and bottoms and being early. Like Eddie said in his reaction – ‘Sometimes smart people do things that aren’t so smart’. Like my idiotic trade in homebuilders a few weeks back. I thought they were overdone. Key word – ‘THOUGHT’. That’s for assholes. I took my loss – thank goodness.

Be late and be right and manage your money. Enter strong trends and don’t stand in front of them. Go with them.

News and opinions are useless.