Snakes Flying High

We don’t know what year it is in China, but in the good ole US of A it sure feels like the Year of the Snake.

Indeed, with the market soaring, noveau riche bankers have re-joined the jet set. Pitch books are being devoured and deals are snaking their way through the belly of the beast.

The pipeline will bust open next week as cold-blooded bankers get in their final licks before laying dormant for a while.

We have no quarrel with snakes. And we have no idea if Samuel L. Jackson is net long.

Its bankers we don’t like. Sure, bankers need to eat too ...but they feed indiscriminately.  And they always choke off rallies by smothering them with paper.

Has the easy money been made?

Don’t worry.  We have your back...UTC readers will never become food for snakes…

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