What leap year?

So what if the market was down size (almost 3%) yesterday?

From my new favorite finance-snark blog, Long or Short Capital - a rough draft from Bernanke's speechwriter.

Friday, February 29th, doesn’t count. That’s right. Simply didn’t happen. It was the leap day of a leap year, an anomaly, and we have the ability at the Fed to strike an anomalous day from existing. We plan to utilize this power that we have at our discretion, and by open market actions, remove the existence of February 29th from the record books.

If we let Friday exist, it will distort comparisons with prior years and also it meant that markets went down a lot. And to that I say, not on my watch, sir, not on my watch. So expect all your portfolios and investments to be reset to their close of business Thursday values very soon. And remember, who loves you? I do. Thank you.

Cien años

"Like hope, but different."

I'm taking, of course, from Jake.

I got work to do

from Spin magazine -

Kidz in the Hall "Work To Do (Obama Campaign)" Over a bubblin', we-gotta-make-it sample of the '72 Isley Brothers jam "Work to Do," this Ivy League rap duo solicit your support for our next president

This is for people who thought the other song sounded too much like a Gap ad.

download

Oh...Canada....

That's a chart of the Canadian vs. US Dollar. The US Dollar is again the stronger currency - a CAD would cost you $.98.

But I consider this terrible personal news. I am that guy. If you read this blog, you are getting nothing new, only regurgitated group-think. I'm like the Chris Matthews of casual financial banter. My blog is a contrarian indicator for any trend, and this saddens me. Basically, it's time to sell when I call something out.

In fairness to me, the top of the CAD-USD rally came a couple months after my blog post. Also, I wasn't also advocating putting all your money in Canadian investments. Also, I'm prepared to blame this one on my new colleagues at work, whose opinions I haven't yet learned to ignore while forming my own.

As a side note, one of the said colleagues was visiting Canada during the weekend of the CAD-USD peak in November. He doesn't like this chart either, because he's paranoid that the world's financial markets are out to get him.