In the Jaws of Mr. Market

He can't go down with three barrels...not with three barrels on he can't!

~Quote from the movie Jaws or from Ben Bernanke's 2011 Jackson Hole speech. Not sure.
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That's right Chief, we're going to need a bigger boat. I'm not sure why though. Maybe for more room to load all the profits, or maybe to prevent us from capsizing from one too many double-digit moves to the wrong side. Huge waves of volatility have that affect.

Quick note: If you happen to see the CMI year-to-date gain/loss results disappearing sporadically over the next few days, it's due to some minor technical difficulties and an audit of my fuzzy math. It will be corrected as soon as possible. Today's disastrous, Fed-anticipated, earthquake shook, tropical windbag filled, chum-induced buying frenzy turned a 16.5% gain into something around 7%.

As Ben Bernanke said after the 2011 Jackson Hole speech...

When we get them silly bastards down in that rock pile, it'll be some fun, they'll wish their fathers had never met their mothers. When they start takin' their bottoms out and slamming into them rocks, boy!



Related post: Possibly the World's Greatest "ETF"