Archive for the ‘business’ Category

JP Morgan -Bear Stearns Cha-Cha.. How long before BEAR STERNS is back to original Price ?
March 24, 2008irst they find that BEAR STEARNS has huge problems and they have to immediately have to BAIL them out. The FED meets with JP Morgan and they say. ” We need to bail out the whole banking system, so here’s 30 bill boys , Can you take over Bear Stearns out at $ 2 a share?” . The officials look bewildered but know a good deal when they see one , so they say ” Yeah sure..” Like Frank Pantangeles in the GODFATHER Pt 2. Then the FED add’s. And for being good soldiers, we’ll throw in a .75 rate cut” The boys at JP ” Lick their chops and exclaim to the world…We BUY ” Now I don’t think anybody really thought that the demise of a major firm like BEAR STEARNS would go happen so quickly and without any resistance ( Lawyers are licking their lips) , but does the Government, JP Morgan, and even Bear Stearns think we are all idiots? Uh for those that have forgotten ENRON,LONG TERM CAPITAL, The Banking Scandal, TYCO, World Com, etc etc the ansewer in a resounding YES ! Now JP Morgan is feeling guilt for stealing the firm at $ 2 a share, so they want to raise the bid to $ 10. So what’s next on the wink-wink front ? $ 15 a share..Then 25 $ , Then back to the price Bear Stearns was before the supposed demise? What a Machiavellian setup this was..is !

I’m 51andPissed because my Portfolio looks like Keith Richards hair !
March 19, 2008Down they go. Then down more, and then down again. Then a HUGE investment bank takes a header,and the world looks like it’s about to end. I have huge headaches. I can’t Sleep. My portfolio looks like Keith Richards hair, and friends and fellow townspeople are down big time because they are either worried about losing their job or worse yet they have already lost it. And then like a red tailed hawk swooping down on a innocent squirrel, JP Morgan scoops up Bear Stearns for $2 a share(swiinngg), the FED cuts rates by .75 and there is Euphoria in the air. Up 400+ points and now my head really hurts. Which way now ? Is this the bottom ? A dead cat bounce ? Or just another head fake by the Worlds Economy.. I don’t know, but it makes my stomach contort like Mary Lou Retton and my head hurt like Jim Morrison after the concert in New Haven. That’s why I’m 51andPissed !

Is this the beginning of a GREAT DEPRESSION ? Bear Stearns sells for $ 2 to JP Morgan !
March 17, 2008This is a bailout plain and simple. Who is next though ? MERRILL LYNCH ? LEHMAN BROTHERS ? My guess is GOLDMAN SACHS. Goldman has remained clean though this whole ordeal, but now there looks like there are cracks in the dike. I wouldn’t be surprised if GOLDMAN took a spill. Watch that one and don’t be afraid to short it !

PISSED OFF.No.6, BILLY CRYSTAL aka EDDIE GAEDEL signs 1 day contract with YANKEES !
March 11, 2008Ahhh I smell Bill Veeck , remember the little Eddie Gaedel dude (can’t say midget anymore) ? Shame on the Yankees. What would the YANKEE CLIPPER, THE BAMBINO, THE MICK, THE CHAIRMAN BOARD, think of this debacle..Then again those guys were so hammered (except Joe D) that they would prob have liked the idea. Derek Jeter, Arod, and Jorge Posada won’t say anything because it would be a PR nightmare.. So I’ll will say it ..It sux and it pisses me off. C’mon Steinbrenners(George and Hank) , stop the BS You have the greatest franchise in sports history, don’t f,it up with 60 year old dudes who want to get their rocks off playing for 1 day. I know he’s a lifelong YANKEE fan, but so am I . so can I play shortstop during the first game of the ALCS ? Please .. I’ll name one of my KIDS . EDDIE GAEDEL !

ELLIOT SPITZER tells AIDES he’s involved in Prostitution ring !
March 10, 2008Supposedly SPITZER told some of his aides he is involved in a VIP Club that caters to wealthy individuals. If true Ken Langone, Dick Grasso, Ace Greenburg and others will have a field day.

Things that Piss Me Off, No. 5.. MATTHEW McCONAUGHEY !
March 10, 2008 I want to like him.. I really do. Seems like a go0d Irish Guy, but every time I see him he’s making another BAD movie,dating a SUPER-HOT Model or Actress or walking around with his shirt off and a Cowboy hat on near a beach or a pool. I think it was 2005 when PEOPLE named him sexiest male on the planet. Now that sounds like I’m jealous, but I’m not..For sure. But here’s why I’m pissed. He has never made a Good Movie ( please don’t say WE ARE MARSHALL or DAZED AND CONFUSED(the 14 year old boy next door to me could have done it), his hair is retreating faster then our shorelines,but he still gets like 3 mill a movie, gets superhot chicks, and drinks Tequila on any beach in the world at anytime he wants. Ahh , maybe I am jealous ! That’s why I’m pissed !![]()

Another GREAT DEPRESSION coming ? Perhaps..
March 3, 2008we need to stop making Oil companies rich. Get the F out of IRAQ, Afghanistan,and every other place we’re in. Figure a way to get jobs back to America..and most importantly…SUPPORT THE DOLLAR anyway we can !

Single Malt Scotch,Heineken,Stocks and I’m still Pissed Off !
March 1, 2008
I went to a party last night and I had a nice glass of Macallan 18, followed by about 5 Heinekens and 2 Long Trail Ales, we hung out and talked about the stock market and the future of this wicked market( Down 300 Friday) and then we danced and sang to Van Halen ( Aint talkin bout Love) and Lynryd Skynrd ( Gimme Three Steps) and just had a great night , when I realized on the way home that I had a Boys Biddy Basketball game at 8:30 AM and that I need to get up at 7 :30 and coach the 3rd grade team. I’m so pissed !