So says the New York Sun. And they are correct. It’s time to stop looking at the glass as half empty and start to realize things are much better than they are being reported.
Don Suber had similar thoughts on Wednesday:
The Panic of ‘08
Gee, it must be the second coming of the Great Depression if the sales of Apple are up 35%.
Mr. Suber was responding to an AP report that contained the following:
As investors pummeled Apple Inc.’s stock over a disappointing financial outlook, a key question remained about the results: just how badly will the company be hurt by slowing economic activity in the United States and fears of a recession?
(He’s got lots more to say and the full AP story on his post so go on over and read the whole thing. Lot’s of snark.)
I mean, Apple reports an increase in sales and its stock still goes down just because it wasn’t quite as large an increase as predicted? Should I panic when the weather forecast says it will be 35 but it only reaches 32? I’ll never understand investors’ mood swings. Far, far worse than a woman with uncontrollable hormones.
Oh, and that whole world-wide crash thingy that took place last weekend? One slimy French bastard playing fiddles with the books of a big French bank.
Société Générale loses $7 billion in trading fraud
Rogue trader preparing to give himself up in £3.7bn bank fraud 'was a bit like Tom Cruise' (Hey Tom, are they talking about a movie role like Mission Impossible, or Scientology?)
One hell of a short market crash, no? Buyers will be laughing all the way to the bank but probably NOT Société Générale.
It's like they say (whoever the hell "they" are), things are never as bad--nor as rosy--as they appear.
1 comment:
I blame the media for a lot of the economic problems...a lie told often enough by enough people will usually be believed..just take a look at the global warming scam.
If the media starts saying there is gonna be a fuel shortage even though every gotdam storage tank in the country is full there will in fact be a fuel shortage. The public will rush to fill up their tanks and all of their gas cans and lawnmowers and generators and snowblowers and etc..the storage capability is about 90 days and a hugh demand caused by the media predicting a shortage will in fact create a shortage..
I figure the same about the economy..tell people that they may be losing their jobs because of a forthcoming recession and people quit spending and the economy takes a dive..and of course when the economy takes a dive those who are planning on spending wait for the product to get cheaper to buy..
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