Readers, sorry for being AWOL the past few weeks, but the market has been ripping and we had to blow some of this new found green (same cash we lost in bundles last year) and take a trip down South to Churchill Downs for a tried and tested way to lose unwanted money – betting on the Derby. And boy did we blow it – Papa Clem and Pioneer of the Nile just didn’t come thru for us. I guess it’s better than losing it in the market, where we’re supposed to know what is going on. But hey, you can drink Mint Julips (or Miller Lite if you want to stay classy) at the Derby while you lose money.
We have to admit, Bernanke and Co. have done a great job of putting confidence back into the public sphere with their so called “stress” tests.
Bernanke: Banks, do you think you can survive the most drastic downturn since the Great Depression without lots more money?
Banks: Yes, of course.
Bernanke: Are you sure?
Banks: Yes
Bernanke: Really sure?
Banks: Yes
Bernanke: Good, I was just testing you. You almost failed, didn’t you? You almost said no the second time, I could tell. Anyway, I’ll let the planet know this whole financial crisis was a false alarm. I don’t know why we didn’t just ask you guys last year in the first place.
So it shouldn’t come as a surprise that we suggest you stay confident while asking for fun things. Unfortunately, we are still at the stage of asking for fun items that everyone has been skimping on and not the absurd yet (where we all want and need to get back to). Just a few more months like the last two in the market and then you can start asking for an antique ruby ring from the estate jewelry case at Tiffany’s on the way to that château in St. Moritz for your month long vacation.
Brought to you by Anonymous Finance Guy (and occasional DABA Girl Sympathizer)
