Tuesday, August 14, 2007

Hey, you look like you could use a laugh.

Want to hear the funniest joke I've caught this week?

The stock market.

Aw, c'mon. If you don't think that the latest index regurgitation is a bucket of yuks, you must be lobotomized or something.

What really adds to the wacky, kooky laugh charged atmosphere is recalling how just about a WEEK ago these TV business show pundits have been blabbing away at how the U.S. of A.'s impending subprime lending crisis isn't going to hurt things much over all and how we have a GLOBAL economy now and nothing's gonna stop that thar juggernaut from rollin' on and the GLOBAL economy will keep us strong and solvent and blah blah bullshit bullshit rosy picture blah blah blah.

Guess nobody had better show the aforementioned media mouths any articles like this update on the Asian markets. Especially the part that says:

Dealers said that although Asia's exposure to the US mortgage problems appeared to be limited, the fear is that foreign funds will be forced to sell Asian stocks to cover losses on sub-prime loans to risky borrowers.

Nah. Nothing to worry about. For me, that is. I don't have any money tied up in stocks. Or any home loans to pay off.

And there's a simple reason for that.

You see, I'm not a dumb fuck like a lot of other people.

As for any of you out there who are unfortunate enough to have a 401K right now or a subprime mortgage hanging over your head, I would think real hard about a trip to the Big 5 for some camping equipment. (Or better yet, Wal-Mart. According to the latest earnings reports they could use all the help they can get.) And scout out some nice locations at the river to park your van. But you could be okay with the 401K. That is, if you don't retire until, say around 2042 or so.

As for me, I'll be endlessly entertained by the current drunken public puking passout that Wall Street is experiencing. Dump back below 10,000, Dow! It CAN be a reality. Heh heh heh.