Don’t Worry, Be Happy
People, lighten up. It’s only money. I’m talking to you too, Donny.
The government will simply print more. It’s job is to make us rich comrades, while they take over all the banks in the United Socialist States of America.
So, open up another Pabst, kick back in your pleather chair, reminesce about on the good ol’ days and drink it all in.
Seriously, you can still make money in a bear market—just be a bear.
You can even be a bull in a bear market. As long as you’re a part-time bear, you can still make money.
For you perma bulls out there who right about now, are getting ready to slit your wrists, I appeal to you. All is not lost.
I was recently perusing through my library of books on the market. Did you know that…..
The worst 12 months for the market was from June 1931- June 1932, when the market lost -67.6% ?…..the next 12 months, it was up 131.3%, the best 12 months ever.
The next worst 12 months was from March 1937 - March 1938, when the market was down -49.7%. The following 12 months saw it gain 17.3%.
Finally, the third worst 12 months was from May 1930 - May 1931, when the market lost -43.9%. Do you know what it returned the next 12 months…..
…. -58.5%
Ooops. Nevermind.
You get the point.
You know you’re from Massachusetts IF:
You know what a pocketbook is
You call them what they really are “sneakers” (not “tennies”)
You think if someone is nice to you they either want something or they are from out of town
The public transportation system is known as the “T” and you’d rather drive in bumper to bumper traffic for 4 hours to get to Boston than be caught dead on the “Orange Line”
You could own a small town in Iowa for the cost of your house
There are 24 Dunkin Donuts shops within 15 minutes of your house and that is how you give directions
If you stay on the same road long enough it eventually has three different names
53 degrees is “on the warm side”
You’ve walked to Brigham’s for an ice cream cone “to go” in the snow
You cringe every time you hear some actor/actress imitate the “Boston Accent” on TV
You call chocolate sprinkles “jimmies”
A water fountain is called a bubbler. Say it “bubbla”.
You can go from one side of town to the other in less than fifteen minutes
You know how to pronounce towns like Worcester, Eastham, Chatham, Haverhill, Peabody, Scituate, and Leominster
You know what they sell at a “packie”
You keep an ice scraper in your car all year round
Paranoia sets in when you can’t see a Dunkin Donuts, ATM or CVS
You’ve pulled out of a side street and used your car to block oncoming traffic so you can make a left
You’ve bragged about saving money at The Christmas Tree Shop
You know what a “regular coffee” is!
You can navigate a rotary without a problem
You use the words “wicked” “pissa” and “good” in the same sentence
You know what a frappe is
Saint Patrick’s Day is your second favorite holiday
You drink tonic and would never consider using it on your hair
You never say “Cape Cod” you say “The Cape”
You went to Old Sturbridge Village and Plymouth Plantation at least once, in elementary school, but never to Bunka Hill
You know the Mass Pike and 495 create some sort of strange weather dividing line
Any others ALPHA
October 9th, 2008 at 6:46 pmthe high of Oct 2002 on the SPS was 907….. we have arrived.
Noticed that the NDX/ QQQQ was relativley speaking stong — err less weak__— than the other indicies.
I am trading RIMM to take advantange of this anomaly.
The commodes are acting well i like the action in POT and AGU… currently have a core in AGU and am trading it around.
Keeping powder on the side waiting to get into the long double proshares on the SSO etc when the time is right.
Full Moon next Tuesday…. hopefully the lunancy will be behind the market come the end of next week…..patience grasshopper there will be money coming from the long side.
This price action has been unbelievable I can only compare this price destruction to the tech bubble burst…
Securitization…America’s gift to the world….
October 9th, 2008 at 10:11 pmon the SPX is what I meant…..
October 9th, 2008 at 10:12 pmPabst? Throw in some Gennesee or what ev…
October 9th, 2008 at 10:40 pmCome on now try some Double Choclate from Youngs Brewery England…or at least a Duvel for all you pale ale drinkers….Pabst…Inferior….
Hey GW, give me a break. It was either that or Naragansett Lager Beeah.
October 9th, 2008 at 10:51 pm