Thanking my Readers

By iamned - Last updated: Monday, May 4, 2009 - Save & Share - 2 Comments

After checking my stats I see that I have about 40-60 daily repeat visitors to iamned.com. I would like to thank you guys for designating a tiny sliver of your day to making iamned.com a part of your life. I try to present a alternative, unorthodox, albeit unpopular view of economics and the stock market because the vast majority of economics and stock market blogs are overwhelmingly bearish, or redundant. Another blog I recommend that provides an alternative, bullish viewpoint is the Good News Economist

Another great day for stocks…the flu pandemic was a dud. Stress tests weren’t stressful. No one cares about Chrysler bankruptcy. Why am I right? Because I am the third wisest human in the world. I know how stocks, economics, and finance works.

Babak from seeking alpha wrote a great article about how there is tons of cash in conservative, money market funds

He writes

A build up of cash is normal in a bear market but before we can transition to a bull market it needs to be put to work. As people become convinced that the worst is behind us, they start to take more risk and begin to put their cash into the market. So unfortunately, just noticing a massive pile of cash doesn’t really help us unless we can somehow pinpoint when and with what intensity this billowing mass of liquidity will start to be invested in the stock market.

I concur. As risk returns retail investors & funds will seek riskier assets, hence driving up stocks. Conversely, the dollar will fall.

What is next? Nothing. The economy will take care of itself thanks to the efforts of Obama, Geithner, and Bernanke. Just keep buying the dips or ride this rally. The path of least resistance is the past to prosperity. I implore these pessimists who are shorting or sitting on the sidelines to just try going long and see how you like it.

And have fun, most of all.

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2 Responses to “Thanking my Readers”

Comment from Ali
Time May 12, 2009 at 6:57 am

All I care about is accuracy, and you are wildly inaccurate. Unless, Perry County up to 2001 is representative of America, and America up to 2009. I must admit, it is rather entertaining to read such utterly uninformed drivel. It is like watching a train-wreck in slow motion.

Comment from Ali
Time May 12, 2009 at 7:02 am

BTW, your source ‘Babak’ is about as delusional as you are. The only thing that chart from Bloomberg shows is that a massive amount of wealth evaporated from mutual funds. There is NO BUILDUP IN CASH IN YOUR CHART - Only a relative lack of mutual fund wealth. If that cash is instead invested into equities, then money-market funds will dip significantly, which your friend pointed out, almost never happens. That cash is going nowhere - it is there for a reason.

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