The market keeps going up. Opinion polls show bullish and you know what that means. Volatility such as VIX and VXX continue to decline as the market goes up and up and up.
Hush my children do not wake from this wonderful dream.
Markets go up and up and up forever. Everything goes in a straight line. Just like an out of control train speeding ever so quickly heading over the rickety bridge over a deep abyss.
The last little bit of sexual climax is the most intense and the most exciting. Eventually your partner in bed will want to be paid. Were you good? was she worth it? She” continue wit the compliments until next time.
George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @financialskepti. Needless to say he is not a raging bull. Well at least not today.
Hush my children volatility has gone away. It was so unwelcome and made investors so unhappy. You know everyone likes to be long and happy. Blue skies as far as we can see. Never mind about any of the following issues.
- Tapering off of QE and rising interest rates negatively impacting personal and corporate circumstances.
- Rising price of Oil which sucks money out of the economy faster than a tax.
- Fragile recovery with uncertain employment growth.
- Certain knowledge that stocks cannot continue to go up forever.
- Huge federal deficit distorting real economic conditions.
- Fewer and fewer CEO’s ready to guide earnings upwards.
- Lack of personal savings jeopardizing many a seniors retirement.
- China bubble may blow because of China Debt bubble.
- Europe is not stable financially. But you all knew that.
- Obama-care delays creating uncertain financial burdens on individuals and small businesses.
- Chaotic middle east. Potential allies difficult to assess.
That’s before you drill down and listen to a particular story about any one of thousands of stocks.
Hush my children. Volatility has gone away. If you hear maniacal laughter pay no heed. They’re only disturbed and must no be paid attention to.
George Gutowski writes from a caveat emptor perspective. Todays best advise is to keep your powder dry and value liquidity. Investing is a long-term process.
Image by yuan2003 via Flickr
CBOE Holdings Inc (Nasdaq: CBOE) reported Q4 results and investors popped the valuation upwards. Exchanges all over the world seem to be in play so why not? Just bid the price up for now!
But wait in the guidance they have a short blurb about spending on technology in the $30-35 million range. No comment about what they will try to do other than just enhance existing systems. Exchanges and platforms are technology products. Management is completely focused on the capital structure and does not even pay lip service to technology. Trojan horse in the making.
If $35 million a year is all you need there are lots of players who can eat your lunch. Watch for the Chinese to develop a competitive exchange. They have most of the buy side for commodities.
William J. Brodsky, CBOE Holdings Chairman and Chief Executive Officer is confident in the early success of C2 and feels new products will leverage off the platform. William for $35 million you do not hold enough cards for long-term success.
Disclosure: “George Gutowski” writes from a “caveat emptor perspective”. I hold no positions in stocks mentioned in this post. I have no plans to initiate new positions within the next 72 hours.