The Rest of the Story by Jeseppi Trade Wildfeather
The last meltdown in 2001 as all meltdowns are designed to meltdown the dumb money and purify and refine the smart money. Out of fear the dumb money sold too late and out of wisdom the smart money had bought earlier and taken massive profits as usual and then sat bored on their US Treasuries until the dumb money out of fear and terror drove the market down until the strongest companies were selling for bargain basement prices. The smart then bought up everything of value creating massive demand and turning the market around initiating a bullish charge to until the Tau broke the fourteen K sound barrier. It is my understanding that as the smart get richer and the dumb get poorer, the smart had to do something creative with the enormous wealth they had amassed. Reeling with options and tremendous capital they decided to create hedge funds, derivatives and anything else they could imagine that could be invested in again by the dumber money. So they invented companies that insured the insurer of the insurer of the maintenance contracts that the dumb money painfully pay for (stomach) instead of paying a little more for quality. They invented companies that insure the insurer who insures how many toilets will flush on any given day in New York City and sell futures on consumer non durables like toilet paper and room deodorizers. The dumber money, who made a killing on that last bubble bust, took the bait as always, and began to leverage out purchases because dumber money is motivated by greed, lust and fear and have no compunction about using OPM indiscriminately and unwisely reeling as they are apt to be with avaricious fool hardiness and an inordinate spirit of outlaw folly that says, "The other guy will loose his shirt ... but, I'll get out in time." The fatal call comes from the god of the ticker demanding full payment with interest, and OPM just became OPM with a vengeance. And, after both the dumber money and OPM have exchanged the most sordid case of financial STD's (Smart Trumps Dumb) they are both forced to sacrifice what is in the grip of their clingy miserable hands and deliver them to the wise like Soros and Buffet who will rightly divide the spoils with the demigods of the fiat kingdom who understand p/e and control the seasons and cycles financial affairs to suit their own sophisticated pleasures.
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