Monday, October 27, 2014
The Cheap Gasoline Christmas...simplified: Tales From Normal, Mn.: FICTION
The bass fishermen at Betty Lou's were pretty excited this morning...they had just heard that the falling price of gasoline at the pump was going to be their Xmas present this Xmas...and that it amounted to QE4, and trillions for the economy....It was just their first cup of coffee...and yes they might have been a bit rusty...but to a man they whipped out their phones and did the numbers...one guy led them..."If we were as successful as Warren Buffett and drove 5000 miles a year, and saved .50 per gallon and got 30 miles to the gallon...it would amount to something over $80 per year to each man...so they began to think of how they could break it down monthly and how they would spend the $6.66 per month that was the bonanza of cheap oil...and one by one...they decided that the best thing would be to just buy some extra minnows for bait, and forget the shopping...since it is pretty hard to find something good for $6.66...
Sunday, October 12, 2014
Distinguished Trust Representative Urges investors to hold:; Tales From Normal, Mn: FICTION
A distinguished executive from the Frozen Tundra Investment Fund was in Normal, Mn. this morning to speak at the Big Minnow Rotary Society of Normal, Mn.,,,a group of older bass fisherman in these parts...and after his presentation, in which he urged the locals to keep their holdings in stocks and bonds and not sell in a panic, because he was hoping to sell those shares held in margin accounts on a short sale for his company and make a killing...as he had been doing for all the past year...well...the bass fishermen were pretty stunned, and then after a second cup of coffee they got a little angry...why...just to think that all of the baby boomer generation had been fed a bunch of pablum to be long term investors so that the wise guys could sell them short and make a killing just made them furious....stay tuned as I follow this story...
Saturday, October 11, 2014
Bass Fishermen Love Lots of CASH on the Table: Tales from Normal, Mn: FICTION
Just got the tweet this morning...the bass fishermen were glued to the black and white tv that hangs above the counter at Betty Lou's Coffee Shop in Normal, Mn as the stock market news flashed nonstop all morning long covering the plunging US stock market....one pundit expecially got their interest...he was a large multi-billion dollar fund manager that reminded investors that over the long term, cash was a bad investment since it left "lots of cash on the table."
The bass fisherman to a man just smiled....finally one spoke up..."Having lots of cash on the table is just fine with me"....and besides he said, "long term is just this afternoon when you get to my age."