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Author: EightTrack3 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 20997  
Subject: Re: Poll: Percent comparison to October 2007 Date: 5/14/2013 12:55 PM
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As I said to my girlfriend last night, For the last time, I am not putting on that David Tepper mask. This isn't that kind of party. I don't even buy the hyper-simplified premise of stocks "rolling over" as asset purchases wind down, as though the removing the reserves-for-bond swaps or bond-for-bond swaps is akin to withholding methadone treatment.

So David Tepper launches the My Cousin Vinny rally by telling the CNBC talking heads that the world risks a 1999 scenario if the Fed does NOT taper its asset purchases. Buy orders hit the futures this morning and sales of Prince's 1999 skyrocket to #1 on iTunes in the tony parts of Connecticut (okay, I made that up).

Exhibit #A is a Marxist-Rambling-On-In-Harvard-Square level quality photocopy of the Fed Model Equity Risk Premium. The ERP hasn't been this bullish since the early 80s! It's Back to the Future time. Cue Van Halen's 1984 !

Somewhere over the rainbow, John Hussman's guitar gently weeps.

ET
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