Still standing: Storms fail to knock down U.S. stocks:

Today’s headlines with CNN read; The unsinkable US stock market.

There once was a marvelous ship built called The Titanic that was thought to be indestructible and unsinkable. It was supposed to be the biggest, the best sailing vessel ever built.

On its maiden voyage an apprehensive female traveler approaching the gangway of the enormous new passenger liner, gazes up in amazement at its looming hulk. “Is this ship really unsinkable?” she nervously inquires of a nearby deck hand.

The owner of the great vessel stood proudly on the deck of the ship and said in all of his arrogance; yes, lady, God himself could not sink this ship.

Name:	RMS Titanic
Owner:	White Star Line
Port of registry:	Liverpool, UK
Route:	Southampton to New York City
Ordered:	17 September 1908
Builder:	Harland and Wolff, Belfast
Yard number:	401
Laid down:	31 March 1909
Launched:	31 May 1911
Completed:	2 April 1912
Maiden voyage:	10 April 1912
In service:	10–15 April 1912
Identification:	Radio call sign “MGY”
Fate:	Hit an iceberg 11:40 p.m. (ship’s time) 14 April 1912 on her maiden voyage and sank 2 h 40 min later
Status:	Wreck

As we all know, on its maiden voyage April 14 1912 the Titanic hit an iceberg and sunk killing 1,517 passengers out of the 2,223 that were on the ship.

The moral of the story is; overconfidence and arrogance are not two charactics a person should want to have.

That comment in itself, God himself could not sink this ship should have gone out as a message to all of the egomaniacs in this world demonstrating that there is NOTHING that is, figuratively speaking, bullet proof.

What we have on Wall St. are a bunch of modern day ego-kratts that seem to think that the stock market is unsinkable.

Has the market done extremely well over time? Absolutely yes but that does not mean there is not an iceberg waiting in the deep waters for it. It is only a matter of time.

And just like every other times in the history, when the market hits its iceberg and fails; the Big Dogs will have plenty of advanced notice and pull out early while the little guys will be the ones to take the brunt of the hit.

Over confidence and self-praise stinks.  No one is too big or too bad to get their ass kicked. It is only a matter of time until the right iceberg comes along.

Bon Voyage