Saturday, October 23, 2010

How Bad Is The Economy?


Let me share another good one from a Casey Research's Daily Dispatch:

The economy is so bad that…

I got a pre-declined credit card in the mail.

I ordered a burger at McDonald's, and the kid behind the counter asked, "Can you afford fries with that?"

CEOs are now playing miniature golf.

If the bank returns your check marked "Insufficient Funds," you have to call them and ask if they mean you or them.

Hot Wheels and Matchbox stocks are trading higher than GM.

Parents in Beverly Hills and Malibu are firing their nannies and learning their children's names.

A truckload of Americans were caught sneaking into Mexico.

Motel Six won't leave the light on anymore.

The Mafia is laying off judges.

BP Oil laid off 25 congressmen.

Congress says they are looking into the Bernard Madoff scandal. Oh great! The guy who made $50 billion disappear is being investigated by the people who made $1.5 trillion disappear!
(Photo courtesy of Google Images)

The Danger With October


Here's a funny (but true) quote I picked up from one of Casey Research's daily newsletter:
“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” –Mark Twain

(Photo courtesy of Google Images)

Preview: Investment Banker On Life blog