Ulysses had to be strapped to the mast for his own protection. As he passed by the isle, the song of the Sirens wafted in his ears. “Come ashore” they called; “pleasure and safety can be found in our arms.” Ulysses knew the truth, but only strong bindings kept him from venturing forth into destruction. So it is with financials. As the winds of destruction blow over the market, we hear Kass, Cramer, and a host of others saying: “The financials, the financials, the financials.” As the Sirens call was soothing and seductive, so is the call of the celebrities. Don’t be seduced, for trouble is surely ahead. Ulysses recognized it. So should you.
Till next time,
Bill
Long: SKF
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