Monday, March 02, 2009

Weekend at AIG's

  • Listened to Dennis Miller quip on $AIG at lunch, and he said the government is propping AIG up like Weekend at Bernie's, moving the arms around, etc.
  • I can't say anything positive about the market.  It's a better buying opportunity today than it was on Friday.  How's that?
  • Did you want to read Warren Buffett's annual letter to shareholders?  Funny, when you open the letter there's a soundtrack with it.  Tom Petty's "Free falling."
  • Even Dr. Doom is scared.  In sum, Buffett and much of the rest of humanity are just now coming around to Nouriel Robuini's way of thinking, the economist known as "Dr. Doom" is upping the ante on his longstanding bearish views. A year ago Roubini was forecasting an 18-month recession with a U-shaped recovery; now, he's now expecting the downturn to last at least 24 months and possibly 36-months. He also sees rising risks of a Japanese-style L-shaped stagnation, i.e. a prolonged period with little or no economic growth.
  • How much lower can the market go?  How about SP500 of 460.  Yikes.  Of course, the big bear predictions usually get bigger and more bearier as we go down.
  • I go to leaf for lunch, and it's pouring cats and dogs outside!  And I left my umbrella, ella, ella at home.
  • Jimmy Fallon debuts on Late Nite... Tonight!


(Oh, another pic of Lee Hyori. Embedded the U Go Girl music vid yesterday. So you know.)