Mike Macgirvin
Diary and Other Rantings
   
Wednesday, Oct 08 2008, 02:19 pm
Jul 17, 2002
Happy Birthday Jayne! I know the stock market is starting to

Happy Birthday Jayne!

I know the stock market is starting to look like capitulation but you folks are still screwing it up. Quit buying the dips. Think you're too clever huh? Just let it fall and take your new shares with it. Oh well - reset your cost basis once again and we'll do it over until you get it right.

We're still in a fear mode. That will only end in the markets when it is overcome by greed. Most of these companies aren't worth a plug nickel nowadays. Things changed. As a result not all of these companies need to exist. Many are failing under their own weight. It's probably time to start looking for a couple that are still going places. Then we all dump the sore losers and start over. That's the way it works.

They rented out the old music store across the street. Oh well. But it could be a blessing in disguise. It's the new home of an upscale furniture store. We could use something like that around here. Anything but another restaurant. Dontcha' think this sax would look pretty hanging above that new sofa?

Categories: birthdays
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If the shoe fits, it's ugly.