Depression…Shmepression…Buy an iPhone and Grab a Prozac Script.

Posted by Howard
on July 27th, 2009

In hindsight, we had one hell of a wealth transfer the last few years.

A few people created a hell of a lot of fear about a depression and run on the banks, but in the end, the poor people were not scared of anything…they are poor already. The young people have pills to help with depression and nobody cares about old people.

It was the rich that were scared and put a run on hedge funds. That run may or may not be over, but no one is depressed anymore at Goldman or the Treasury Department. The rich were due for a skinning and the new ultra rich will figure out a way to muffle the rich, depressed troublemakers. Further quelching the troublemakers are the cutbacks at places like the Arizona Corporate Commission. Arizona was dumbass and fraud central and there are 14 cutbacks at the commission at a time when 50 more people are needed to chase down the fraudsters. Life is difficult. Cheats get away with shit. It sucks. I knowwwww.

I truly don’t read news anymore because it would make you insane. I stopped trading the news after being wrong about it everyday for three years. I am a stubborn loser.

NOTHING has improved, but fear has subsided. The truth is we had a slow motion crash that went further and deeper than any dip buyer could fathom.

Now that the fear has subsided a moment, Wall Street is telegraphing what anyone with an iPhone knows…the mobile web has finally entered inning 2.

Inning 2 is closer to inning nine and the end, but safer than inning one.

Even if you missed the rally, you should rejoice. Some drek is rising for sure. Capital One $cof is disgusting and should never have been saved. I hate Best Buy with all my heart, but it will be lifted in a rising tide. Oh well. Goldman Sachs $gs is evil…yawn. You could have bought it at $50, $60 and $70 or $140 for that matter and ridden on their criminal backs.

I want everything in the palm of my hand and it helps get there faster when we are not depressed.

Whatever works, count me in.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.