Friday, February 5, 2010

February 5, 2010

There are a few things occupying the news today.

One, there is a whopper of a snow storm coming our way.

Two, the Super Bowl on Sunday.


Three, the Market took a dive yesterday.


Well, let's look at these one by one.

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They started by saying that we might be looking at a minimum of one foot of snow in the New York City area. This was said early in the week when they had no clue what they were looking at.

As time approached it was downgraded to "maybe" a couple inches. But to save their reputation they are promising two feet or more to Southern New Jersey.

First of all who cares about Southern New Jersey? Why those people don't live in New York City? They would then only get two inches of snow.

Should I care about them? Do they care about us when we get two inches of snow and New York City is totally paralyzed? No, they don't care. So, it is mutual.

It is midday Friday and the weather smarts still can not determine what's going to happen. But the supermarkets are emptying out because nobody wants to venture out in two inches of snow to go to the stores. One might not find his way home in that terrible weather!

I tell you, we are living in a country of sissies.

So, they are creating this artificial panic which leads to all kinds of inconveniences.

They announced it that it was already snowing in Washington and there it could be expected to be as much as three feet.

Do I feel sorry for those poor politicians? Absolutely not!

If they get buried in snow, good riddance! They were giving us a snow job all their careers, now the shovel is in the other hand.

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The Big Event of the season is upon us. This Sunday is Super Bowl Sunday. The world will stop and everybody will watch football. There is nothing on TV but football.

The supermarkets empty out not just because of the coming snow but because one can not watch The Game unless one munches on snacks and drinks beer all throughout.

As I said earlier I am not a fan and I really don't care who wins.

What I find interesting is that I heard on the radio today that this might be the last Super Bowl for a while because the players are threatening some kind of a player strike for next year since their collective bargaining agreement expires in March.

These guys are getting more money than they could ever make with honest work, so what more they want?

Since football supposed to be a college sport I assume that most of these players graduated with some kind of a degree. Nobody held a gun to their heads saying you can not be a brain surgeon, you must be a football player. This was their choice.

If any one of them ever tried to make a living based on their education they would find that life is not a bowl of cherries in the outside world.

They would find that life is full of tumbles and fumbles and no cheers and very little glory.

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Yesterday the Market took a dive to the amount of 268 points. All because Greece and Portugal and God knows what other countries are in bad shape. Why should that bother us?

Why my investments have to suffer because Greece and Portugal and others can not keep their financial affairs straight?

The more these problems arise more I believe in isolationism. We should mind our own business first and let the rest of the world take care of its own.

Humanitarian help is one thing but why do we have to be entangled in other countries' financial affairs. All these involvements hurt us badly but nobody seem to care about us here.

We are back to our yo-yo economy. Yesterday the economy and the future looked gloomy. So gloomy that the Market dove 260 points. Today after an entire day in negative territory the Market miraculously came out of is coma and closed ten points up.

I wonder if there is yak shortage in Tibet how much would that effect Wall Street.



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