At least . . .

Friday, October 19, 2007 | 03:15 PM

A little Friday afternoon humor:

Bear_market


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Note: Please try to moderate that portion of your brain that makes anything politically related turn ordinary humans into seething, fire breathing cretins.

Friday, October 19, 2007 | 03:15 PM | Permalink | Comments (71) | TrackBack (0)
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Rare that a political cartoon can make me laugh out loud. priceless!

Posted by: Gary | Oct 19, 2007 3:21:25 PM

What to do, what to do?? The Goldilocks economy is about to be gobbled up by the three bears--housing, earnings, financials.

But, but, isn't this the best of times??

Perhaps the only bright bit of news we can point to is that the Northwest Passage was finally dicovered.

Posted by: Neal | Oct 19, 2007 3:26:35 PM

Its the MSM's fault.

/s/

Posted by: LAWMAN | Oct 19, 2007 3:30:54 PM

Nothing To Do But Feed All The Kangaroos.....

Posted by: MarkTX | Oct 19, 2007 3:37:49 PM

where are all the satirical (in an undergraduate mode) bullish comments this afternoon
still early days but global financial bush fires everywhere
if they join up hmmm!
back to the bear cave for a few months yet
rgds pcm

Posted by: peter from oz | Oct 19, 2007 3:39:36 PM

"AT LEAST THE ECONOMY IS STRONG"

So he's got that goin' for him; which is nice.

Posted by: Al Czervik | Oct 19, 2007 3:52:52 PM

Even better cartoon:

'Fox Business Network' went live on Monday.

DJIA since Monday

CHART

:]

Posted by: VJ | Oct 19, 2007 3:57:10 PM

G.W. Bush, 10/11/07:

"There's a variety of reasons why people are uncertain," Bush said in a taped interview with CNBC's Maria Bartimoro. "But when they take a hard look at the statistics--and the reality--I hope it brings them some comfort to know this economy is strong and is setting all kinds of records."

http://www.cnbc.com/id/21254673

G.W. Bush, 10/17/07:

Q: The Commerce Department reported today that the housing starts last month fell to the lowest level since 1993.

How concerned are you that this housing recession will spill over into the broader economy? And what more can be done to prevent that from happening?

BUSH: I'm encouraged by the rate of inflation, the job growth. We've had 49 consecutive months of uninterrupted job growth, which is a record here in America.

I'm pleased with the fact that our deficit is shrinking. But like our secretary of the treasury, I recognize there's a softness in the housing market.

By the way, we had growth in the GDP because of exports. In other words, there's positive elements of our economy, but, no question, the housing is soft.

--snip--

I'm not a forecaster. But I can tell people that I feel good about many of the economic indicators here in the United States.

http://ap.google.com/article/ALeqM5iBAo1yCOOLr02NJfYtgrYmyZQKxAD8SB5LLO1

Posted by: LAWMAN | Oct 19, 2007 4:02:12 PM

This is WAY, WAY O/T, but I feel the need to provide a little humor -- and, on the back of the Carl Spackle quote:

In 2004, after a public talk by the Dali Lama, I had the opportunity to attend a private meeting between him and some Very Major Donors towards a fund to document and preserve Tibetan culture. I wasn't one of them; my significant other's babysitter was Tibetan, and the babysitter's husband a former Buddhist monk who apparently knew the Lama well in India -- they arranged our entry.

I shook hands with the Dali Lama, and after being presented with a white silk scarf, I asked quietly, "Your Holiness, have you seen the American Film, 'Caddyshack'?" "Catty Shack?" He replied. When I corrected him, he laughed, and said, "No; I am afraid not."

They 'politely but firmly' moved me along before I could repeat Bill Murray's complete line. Damn.

Posted by: Mongo | Oct 19, 2007 4:07:25 PM

'Area Man's Pop-Culture References Stop in 1988'
http://www.theonion.com/content/node/28796

Posted by: kl | Oct 19, 2007 4:17:19 PM

THAT GAMMA ARTICLE IS ON POINT....

Posted by: SINGER | Oct 19, 2007 4:22:18 PM

Mongo, I don't know whether you've got brass balls the size of grapefruit or are totally lacking frontal lobes, but that's funny.

Posted by: deltaverde | Oct 19, 2007 4:22:32 PM

RE: S&P earnings turning negative see here, from Thomson Financial via MW:

http://www.marketwatch.com/news/story/sp-500-set-post-first/story.aspx?guid=%7B577773FC%2D7860%2D41B8%2D8AF4%2D32F2787AFEB9%7D

Have a good weekend.

Wonder what Europe and Asia will do Monday morning?

Posted by: PeterR | Oct 19, 2007 4:32:03 PM

Umm-- I haven't seen Caddyshack. Can someone help me out.

BTW: the economy's doing GREAT. Bush oughta know-- all his golf buddies say so.

Posted by: Tom B | Oct 19, 2007 4:57:58 PM

@Singer:

It was a once-in-a-lifetime opportunity.

During his public talk (primarily delivered in Tibetan, through a translator), he was discussing the bewildering pace of modern life, then added, in English, and no joke: "Sometimes, you just have to say... 'f--- it!' !"

The crowd (at Davies Symphony Hall in San Francisco) went dead silent for a moment, then burst into laughter and sustained applause.

Just based on that -- if I'd had the opportunity to fully explain the Caddyshack reference to him, I have a feeling the Lama would have had a chuckle.

Posted by: Mongo | Oct 19, 2007 5:11:55 PM

I'm quite amused by today.

Lions don't get the natives when they've already gotten up, gotten their torches and are beating the bushes for the mankiller.

The lions get their natives when the natives are asleep... contented and peaceful. Go back to sleep, sweet natives... nothing here that's going to wake you up this weekend. Nobody in the Walking Around Economy (WAE) knows Julian or cares what he thinks.

My guess?...

By Wednesday (if not by Sunday night even), the entire flavor of today will all be a distant memory... all headed in a new direction... all tuned in to the G.S.N.T. show... all back to peaceful contented bliss.

Nite Nite Barringo.

You can put Julian, Benazir Bhutto and The Philippines (both significant terrorist threats still), oil, option expiration, bad Cat, the ass-deep coverage of Mr. 10/19/87 (it's the most you've posted on one topic since the last Apple wetdream - in fact, by now you're probably homesick for one), and everybody from Hank Paulson to Popeye the Sailor Man talkin' trash on the economy... and put all of that in a sack with some bricks and toss it in the creek.

It'll all be like just so much Chicken Talk, prolly by Monday.

BTW, Barringo.... know why the Chicken crossed the street quickly?

...to keep from gettin' his ass run over by the Treasury stampede.

Posted by: Eclectic | Oct 19, 2007 5:19:02 PM

"Umm-- I haven't seen Caddyshack. Can someone help me out." --Tom B.

Bill Murray's character (Carl Spakler) tells a story of being a caddy for the Dali Lama (big hitter, the Lama). The Dali Lama stiffs him, with no tip, but tells him that on his death-bed he will receive total consciousness. Which prompt's Murray's classic line: "So, I got that going for me. Which is nice."

One of the funnier bits in the movie. Bill Murray in top form.

Posted by: Matt | Oct 19, 2007 5:20:26 PM

When I googled the Dali Lama / Caddyshack joke bit, the first hit I found was a complaint by a Minnesota resident...apparently, Jesse Ventura also met the Dali Lama, and HE ASKED THE SAME QUESTION! That is too funny :)

ps. I like Jesse, and I like Manny.

Posted by: wnsrfr | Oct 19, 2007 5:26:46 PM

I'd noticed a couple of weeks ago that there was a good bit of action clustered around the $20 strike contracts on the VIX. Punched right through that today.

Posted by: Florida | Oct 19, 2007 5:44:20 PM

interesting that in his interview w Maria the President left World War III off the list of all the great things Amurricans can look forward to...

Posted by: scorpio | Oct 19, 2007 6:16:46 PM

Same old shit, just a different president.

Posted by: Justin | Oct 19, 2007 6:29:44 PM

Barry, why the caveat about hostile reactions? Is there a thinking person left in America that supports this buffoon or his policies?

Posted by: edhopper | Oct 19, 2007 6:30:00 PM

"We've had 49 consecutive months of uninterrupted job growth"

79 consecutive months of uninterrupted NEGATIVE job growth.
.

Posted by: VJ | Oct 19, 2007 6:44:36 PM

Here is the classic Caddyshack bit:

http://youtube.com/watch?v=RnHaTlI1p7o

No wonder Google is at $700

Posted by: DP | Oct 19, 2007 6:58:15 PM

Best line:

Big Hitter that Lama

Posted by: DP | Oct 19, 2007 7:00:38 PM

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