Tuesday, April 19, 2011

Finally, some pelotas

Just getting tired of everyone, including women, talking about cajones.  But finally, S&P grew a pair and said what needed to be said. Now will Washington reciprocate and do what is needed?

Here comes a rant. If you think we are on the right track, you can skip the rest and come back to the blog tomorrow.

Timmy Geithner is now making the rounds on financial TV to make the case that S&P is wrong. I tuned in and really listened to his message but unfortunately - and as usual it - was long on "ought to" and short on "here's how." I turned it off after a few minutes.

Bill Gross was right for getting out of Treasuries. Why does the Talking Heads tune "Road to Nowhere" keep popping into my head? Oh yeah, that's where we are. Check out these lyrics:

Well we know where we're goin'
But we don't know where we've been
And we know what we're knowin'
But we can't say what we've seen
And we're not little children
And we know what we want
And the future is certain
Give us time to work it out

Sorry Timmy and Benny and Barry, time is running out. Is it amazing hat this band is called "talking heads?" Wow!



2 comments:

VIG-WC said...

Mike, I appreciate your views and commentary on the market, but the word you needed here wasn't pelota, but cojones.
Regards,
Woody

Quick Takes Pro said...

Woody, read the first line of the post. Just trying to shake it up :-)