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I wish someone would come up with a way to convert stupidity into an investment product. I'm not talking about bundled subprime mortgages or credit default swaps: the short sellers figured out a way to do that back in September. That was a bubble. I want a product that promises 20 percent growth annually out until about the time our distant descendants grow a third eye. I want someone to find a way to monetize Stupidity with a capital S.
Stocks plunged today on news that Ben Bernanke said the U.S. economy remains under "considerable stress." Because last Friday everybody thought the economy had turned the corner since the Dow climbed by 10 percent in 4 days. God damn Ben Bernanke for shattering the faith of the children. That was pretty Stupid of him. But not as Stupid as Wall Street Masters of the Universe who are shocked to hear that we're "officially" in a recession. Do you see the growth potential?
Unfortunately, I probably won't be able to invest in Stupid Pill Futures any time soon thanks to the socialist Obamislamofascists who are now poised to swarm the shining city on the hill like sheets of Keynesian cockroaches.
Tomorrow's news today: "Wall Street rebounds on bargain hunting." Here, have a Stupid Pill. The first one is free.
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just looked at the financial news and, damned, the stories are a wall street rebound on bargain hunting. You are precious. I mean prescient.
ReplyDeleteTell me the january 6 headline now so I can stupidly make a lot of deals before then.
BO: The January 6 headline will be "Big Otis Should Have Bought Low and Sold High Last Month."
ReplyDeleteSII=stupidity investment idea
ReplyDeleteSII#1: "Quiz Parlors" (think 4-shot photo booths) where effectively you 'bet' you can answer at least 3 out of 5 questions correctly. Franchise potential.
SII#2: SII#1 as reality TV (2-way awareness, or 1-way observation)
SII#3: SII#2 with various punishment such as progressive electric shocks, pies in face, etc. (all media is a mirror....into a glass darkly)
SII#4: Investment in Stupidity....don't we already have that in current markets? If each trade has a win and a loose side, then the winners (whom ever they might be, the Shadow knows) have already employed many variants of SII#infinity.
L.MacAdoo