We're Buying The Dip Aren't You?

We buy dips. Why you ask? Because we’re trained like monkeys. Wait…we are monkeys so I guess the real reason is we want to just push that buy button. Caterpillar earnings are collapsing? So what? Durable good orders collapsed and so did the revisions of the previous month’s orders? So what? Microsoft sucks? The big banks sucks? All of the developed nations are collapsing their currencies? Negative interest rates on savings? Oil collapsing? SO WHAT? We like to push the BUY button. Its simple we’re monkeys and we buy.

Its so funny to listen to the monkeys on CNBS on mornings like this. Bloomberg’s funny too but CNBS is the best shit show. Listening to the explanations for all of the disastrous data is analogous to hearing the excuses of a husband that comes home to his wife late with lipstick on his collar, alcohol on his breath, his tee shirt inside out, and his fly unzipped. It would be really comical if it didn’t portend a truly ill wind coming our way.

The conditioned hedge funds, retail, and institutional investors are primed for slaughter with the past 6 years of the Fed put always there to pick you up. I’m sure they’ll be there for the herd this year too. So go ahead monkeys keep pressin’ that lever. gl