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May 20, 2005
So now we're "Bubbleheads", Fri., May 20, 2005, 5:26 PM
This could get nasty. Larry Kudlow has divided the marketplace into two classes of investors. There are, according to Kudlow, the serious investors who see the market as he does, i.e., going way up from here, and on the other hand, those who are worried about real estate bubbles, twin deficit bubbles, inflation bubbles, etc. He classified those as the Bubbleheads.
That's fair. I don't mind being called that. And now I suppose we can call Kudlow a "Bobblehead."
That's quite appropriate because inside a Bobblehead, there's a spring, and Kudlow's has obviously sprung. He hasn't moved from the same pitch for 25 years.
Oh, you can tell it's been that kind of day.
At least I have the screen capture software working again, and the final shot of the day is the winners and losers' board.
And finally, straight from the mouth of Alan Greenspan today:
"Tiny bubbles in the wine,
Make me happy, make me feel fine,
Tiny bubbles make me warm all over
With a feeling that I'm gonna Love you 'til the end of time.
So here's to the golden moon,
And here's to the silver sea,
But most of all a toast to you and me
Tiny bubbles in the wine,
Make me happy, make me feel fine,
Tiny bubbles make me warm all over
With a feeling that I'm gonna Love you 'til the end of time."
Mike, he was toasting the golden moon, and the silver sea, and "to you and me". Let's drink to that. :-)
Posted by Posted by Bill Cara on May 20, 2005 05:26:40 PM | Category: Cara Today in the Market