[BEAR]ING IT ALL

I will be straying from the focus of this blog for a couple weeks. Suddenly, Nigeria, Africa and all the other stuff have become secondary to this brother. I have intentional kept this credit crunch-saga, market correction thing of this spot. One, I tend to get too personal when discussing it. Two, it is extremely difficult not to sound like a prophet of doom about the situation around here. Somehow I find it impossible to put up any post unless I talk about it, so now, I am going to bare it all. Okay maybe not all.
It is so convenient to read about the crisis in WSJ and NYTimes, and make possible conjectures with detachment. However it is a different ball game if every word of the FED Chairman, impact your very marrows. I long for those days, when I could read the Financial Times with my legs crossed while sipping a cup of coffee. Now I read feeds from WSJ as if the answers to the board exams are embedded in the Op-eds. The morning news stopped being fun, there is just too much at stake.

As it becomes more and more apparent that experts do not have a clue about what they talk about, and insiders keep secrets, trust has become too rare. Last week it dawned on me that I spent over forty-five days chasing a security that was non-existent. I had all my phone calls answered, like everything was cool. I was given the run around and they did it with a straight face too. I wish these charade could just stop and they'd let the market hit rock bottom so that we can start afresh. Talking with old timers on the phone this days feel like, part negotiation part fact finding mission. It is hard to stop oneself from seeking hidden clues in every statements that insiders make. The sad thing though seem to be that insiders do not have a clue. Just 7 days ago Cramer was talking about holding on to Bear Stocks, pheew.
If you are seeking the central point of this piece, my bet is that you wouldn't find one, there is no point to it. I hope to read this in a few years and be able to laugh at myself. Have a blessed day.
(coffee room)(Tuesday waiting for Bernanke's cut) **posted from mobile**

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