Apr
1
Market Up Big, from Kim Zussman
April 1, 2008 |
I love when they cite John Wooden comebacks, or Babe Ruth's many strike-outs, or Einstein's poor school performance, as examples of perseverance after setbacks. Having used these and other irrelevant excuses, here are some for tonight's dinner with the Mrs:
Market up big (because 4/5 last similar circumstances resulted in ruin)
Market up big (but at least I'm not short)
Market up big (I knew it would, but return/risk was unfavorable)
Market up big (which is common during down-drift)
Market up big (But I saved a fortune staying out recently)
Market up big (To fete my stupidity I got you these roses)
Market up big (For your feet I got you these Jimmy Chooz)
Comments
2 Comments so far
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Dr. Zussman,
I comment with trepidation. I'm a bit the slow sort, not inclined to realize any other than the concrete reference. As a result, and after years of experience, I shy away from references suggesting sarcasm, irony, etc.
Are you as suspect the Lehman rally as I? Slews of negative information, yet the market surges due to Lehman selling four billion of its worth that it "doesn't have to." What's up with that?
A personal note to (the sober) Nigel:
Yo Nigel, I'm still short. And still banking on a cover somewhere near 1200.
Tipple carefully. After all, you're a parent.
lon
Five reasons the market was up big:
5) The market has been down for the last five months
4) It was the beginning of a new quarter. The best performance
since 1938.
3) It was a Tuesday. Three out of the last four Tuesdays yielded
400 point gains on average.
2) Mark Haines from CNBC was not on vacation.
And the number one reason that the market was up big:
Jesse “The Body” Ventura was defeated in the latest Wrestlemania in Orlando in a celebrity match when Bob Backlund used his trademark submission hold to defeat the former Governor from Minnesota.
sl.
Three out of the last four Tuesdays have yielded a 400 point average gain in the dow.