When I was a Kid…

  • Posted by
  • on December 24th, 2009

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 .

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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