Our Grandparents had TWO World Wars and a depression. You had to walk 7 miles through snowstorms to buy a BOOK.
My generation has Alan Greenspan, Tim Geithner, Goldman Sachs and Capital One. Luckily we have Twitter, wicked Weapons, and Prisons.
I know I am lucky and try not to complain. If I do, I try to make it funny.
I thought I loved what I did in June, 1998 when I started my hedge fund. It was easy to love stocks after a relentless upward period when you could make money in stocks even with $1 spreads. I was parlaying a serious winning streak with ‘The Gripp ‘ and health care stocks in the Nasdaq.
NOT!
The Asian Contagion scared the bejeezus out of me and than we had the bubble, the crash, the housing bubble, the Vix at 90 and the ‘real’ crash and now the upside crash (the inconceivable rally).
I am now 44 and love what I do more than ever, but my goals and obsessions have evolved.
I try to see the humor in the disgusting behavior of our leaders and Wall Street because if you get to close to it, ‘You Would Stab Your Eyeballs with a Pick Axe ‘.
Things are so ridiculous financially that we have a TARP Deadbeat List and few care. I should not have to remind you but TARP capital was supposed to go to HEALTHY institutions.
There are now 4.22 Shittybank $C shares for each person in the world . If Citibank share certificates were edible, we could feed the world for a month.
I take some solace that the money transferred to the few will make them miserable in the end. History repeats itself .
Lindzon, i ‘effin love you man. you bring it all day everyday. keep up the good work.
Thx :)
Wow! You and I are not so much different in history. You do have me beat by 2 years though :-)
Howard: As I look out at the 19″ of snow around my house here in Philadelphia, I can’t help but wonder how nice living in a place like Phoenix would be this time of year.
Much good health and prosperity for 2010.
BTW: (I wear my DataJunkies T-shirt to the gym every week, but the chicks still don’t love me. ;(
:)
Lindzon, i 'effin love you man. you bring it all day everyday. keep up the good work.
Wow! You and I are not so much different in history. You do have me beat by 2 years though :-)
Thx :)
Howard: As I look out at the 19″ of snow around my house here in Philadelphia, I can't help but wonder how nice living in a place like Phoenix would be this time of year.
Much good health and prosperity for 2010.
BTW: (I wear my DataJunkies T-shirt to the gym every week, but the chicks still don't love me. ;(
:)
“and now the upside crash (the inconceivable rally).”
It shouldn’t have been so inconceivable — there were bigger rallies during the Great Depression, after all. That secular bear market still lingered on until about 1950 though. I suspect we’ve still got another 6-10 years in the current secular bear, which started back in 2000. I think anyone who is running a long-only, un-hedged portfolio today is going to come to grief when the Fed starts mopping up the easy money.
On a completely different topic, have you ever been to Mamoun’s Falafel? Went there a few hours ago. Not bad. There’s a place in Teaneck, NJ with better falafel though, IMO — it’s called E.J.’s. I don’t go often though, because it’s sort of a pain in the ass to get to from me.
“and now the upside crash (the inconceivable rally).”
It shouldn't have been so inconceivable — there were bigger rallies during the Great Depression, after all. That secular bear market still lingered on until about 1950 though. I suspect we've still got another 6-10 years in the current secular bear, which started back in 2000. I think anyone who is running a long-only, un-hedged portfolio today is going to come to grief when the Fed starts mopping up the easy money.
On a completely different topic, have you ever been to Mamoun's Falafel? Went there a few hours ago. Not bad. There's a place in Teaneck, NJ with better falafel though, IMO — it's called E.J.'s. I don't go often though, because it's sort of a pain in the ass to get to from me.