Was today real buying or short covering? As shown below, today's best performing stocks in the S&P 500 were also the ones with the highest short interest as a percentage of float. On the other hand, stocks with the lowest short interest underperformed.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Wednesday, March 19, 2008
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