Anonymous said...
Ok, help those who don't visit often: Step 1) long bonds short equities thru Greek tragedy only to be destroyed in relief short covering rally
Step 2) totally lost, hold the above losing positions wait 36 hours
Step 3) Follow the squids, switch to long equities on grounds of US "decoupling" - US economy is strong after a ridiculous ISM which was inventory stuffing and the experts at TMM did not bother to look inside for details
Step 4): Follow the frenchies of Socgen: declare PIIGS can fly as for Italy to burn, "all must go wrong for TMM to be in Nero's grave so don't worry, trust us, "PIIGS can really fly"
Step 5) Stage of acceptance - be proud like all fund managers, we were wrong but so were everyone else, so we are still about average. Oh, and draw those consultants' 2 by 2 matrix to befuddle more readers
Step 6) Recommend what Buffeet and the Venture Capitalists do - ie dry your luck at lottery and pick the next 10 bagger
Arhg, you folks are just super,
Step 7) cannot wait ... :)
