Friday, October 31, 2008
First watch this:
Then watch this:
Did they actually get all the same actors for th 2nd one? That's pretty wild!
Tuesday, October 28, 2008
Obama and McCain Dance Off !
Too funny . . .
Monday, October 27, 2008
Ushering in the new deflation
Modern day Ozzie and Harriets:
At Roundabout New and Resale Couture, a consignment shop on the Upper East Side, manager Kristjansen Villaneuva says a woman came into the store for the first time on Wednesday saying the resale sign in the window caught her eye. Mr. Villaneuva says the customer told him she’s watching because her husband works at Lehman Brothers and their finances were a bit shaky. He says she bought an Armani pinstripe suit for $499 when buying it at a boutique would have cost her $2,500.
(20 September 2008, Wall Street Journal, As Times Turn Tough, New York’s Wealthy Economize.)
Wendy Modlin, a mother of two in New York City, says she wouldn t shop for luxuries now even if she could afford them. I wouldn’t go into a store and buy the latest handbag. It would be a horrible statement like wearing a red dress to a funeral , she said.
(13 October 2008, Wall Street Journal, Retailers Brace for Lean Holidays. )
I feel guiltier shopping in this environment, said Charlotte Houghteling, 28 years old, a New York attorney who is spending less freely as a result of the credit-market woes.
(6 October 2008, Wall Street Journal, Big Discounts Fail to Lure Shoppers. )
I found once a pair of Chanel black leather shoes, said Shannon Gallagher, a marketing manager for Simon & Schuster, as she shopped for maternity clothes at a Salvation Army thrift store in Midtown. They were like $12.
(9 September 2008, New York Times, Thrift Shops Thriving, but Running Low on Stock)
People are just being so cautious, says Roberto Annucchiarico, a Milan-based dealer. Before, collectors had to take whatever art they could get from dealers and auction houses, but now those collectors are saying, Kneel down and ask nicely.
(20 October 2008, Wall Street Journal, Not a Pretty Picture at Auctions. )
Source: Merrill Lynch
Source: Merrill Lynch
Thursday, October 23, 2008
Uh Oh . . .
Tuesday, October 14, 2008
China Provinces as Nations
Wednesday, October 08, 2008
Listen to Yourself
Tuesday, October 07, 2008
NEW STOCK MARKET TERMS
A fun email circulating trading desks, worthwhile as an informal measure of sentiment:
CEO --Chief Embezzlement Officer.
CFO-- Corporate Fraud Officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW -- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse.
PROFIT -- An archaic word no longer in use.