Chuck Norris was short a million of bear stearns shares two days before rumors hit the street. He recalls the position as one of his least successful trades...
Chuck Norris doesn't speculate when he trades hundreds of contracts on hogs, wheat, corn, OJ, coffee, etc. This is how he goes grocery shopping.
The FED is not concerned with inflation when it cuts rates. The FED is concerned with the fact that Chuck Norris has a HELOC that is based on the fed funds rate.
Chuck Norris has not made a single mortgage payment since 1972. As a matter of fact, he never even placed a down payment. Yet, his Malibu home will never be foreclosed upon. And it has appreciated 10% each and every year. The California fires, went AROUND his house. Nobody fucks with Chuck Norris' house...not even fire.