Everybody on the Long Side of the Boat (Archive from 12/27/2010)

Seems like everything I read from WS is another analyst tripping over themselves to put out a higher target on the S&P than the last suit monkey.

Capitulation and white flags everywhere. VIX has thrown in the towel and all I read is that the USD is due for a short squeeze. All of this while the government prints billions of dollars each day of money they don't have and pretends they aren't doing it.

All of this while the Euro does everything it can to become an insolvent mess.

All of this while China pretends their USD holdings are worth face value(as long as they do not decide to sell it).

All of this while every establishment suit monkey cannot quit asking if gold is in a bubble.

All of this while everyone continues to debate whether there will be inflation or deflation, like it even matters. It's like arguing whether the democrats or republicans are going to turn our country around(hint: they are both the same).

2011:

*The S&P will close higher in nominal terms

*The S&P will close lower in real terms

*QE3 WILL be announced

*QE3 WILL NOT be called QE3

*No US state or Euro-zone country will go BK

*US states and MORE Euro-zone countries will be bailed out

*US deficit will come in over estimates

*US revenues will come in under estimates

*Modified mortgages will be announced for all borrowers by the end of the year.

*2012 will be WAY more interesting than 2011