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Burrito Bubble


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I have seen it all when it comes to the serial bubble blowing the Federal Reserve has done over the past 15 years. First the dot.com mania, then the ownership society mania and now the New Abnormal Bubble or whatever this thing is. Not surprising we have a basket of cult stocks, or as I call them TURDS , that have all gone parabolic. The most appropriately named leader of the TURDS is CMG or Chit Pole. They make these things. No that is not an aluminum factory but rather a burrito the size of Rhode Island. I guess this new discovery called Mexican Food has become the darling of Wall Street as dippers continue to buy high and sell higher. I don’t know about you but I have never heard of corn, beans, beef, chicken and rice before. I heard the prices of all of these burrito ingredients are going up as fast as the chart below too which makes me want to buy one of these sledge hammer mallet heads even more. I think this rally is just getting started and is safe a lot. This is a very healthy looking chart, right? Look at some of the [...]

 

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