[scrypt]

I don't know about the rest of you haggard cap peelers, but I'm elated my retirement's dependent on the stock market.

Have a look at this:

http://gizmodo.com/gadgets/announcem...ake-261101.php

• An anonymous Apple employee forges an internal memo stating erroneously that the release of the iPhone and Leopard (the forthcoming Mac OS) will be delayed for several months.
  
• From within the Apple network, said employee emails this fake internal menu to the online tech blog, Engadget.
  
• Engadget publishes an article based on the memo without verifying the source.
  
• Moments after the piece is published, Apple's stock begins to fall.
  
• Before Engadget can redact the error, Apple's stock has dipped by four billion dollars for a total loss of 3 percent.
  
• After the memo is widely understood to be a fake, Apple's stock returns to its original value.
  
• An independent blogger reports that the Apple employee responsible for the hoax is lying in a ditch somewhere with a garrote around his neck.
  
• Greenpoint denizens begin showing up at Brooklyn Social wearing colorful vintage garrotes.
  
• Kenneth Cole debuts his line of Signature black garrotes at Bloomingdale's.
  
• Cole's stock rises by two percent -- but only for half an hour.

 

[Jeff Guidry]

Try an index fund.

 

[catachresis]

A terrific vignette, Scrypt. I'm glad you see the blither side of this catastrophe. He who lives by the hype dies by the hype.

Apple's award-winning strategy of abandoning superior RISC technology to become a design firm making A/V devices that look like executive toys and an operating system that's 'better' because it's simpler - so long as you do what it tells you to -- makes Apple a locus of irrational exuberance to my mind. Indeed, it's not just Bubble-licious: it's the Ultimate Bubble.

Then again, any idiot can make a mint playing a market that just keeps besting itself. And everybody knows this isn't like 1987 -- the only way is up!

Nights I'm out driving my taxi, all I can think is, Some day a hard rain's gonna fall and wash all the bulls off the streets.

 

[bperboy]

I may not know a whole lot about the stock market, but isn't there an inherent risk of loss of money like this?

Edit: After actually reading the entire post, my post becomes somewhat irrelevant.

 

[Superpredator]

Awesome post. Will you manage my portfolio?

[size=xx-small]
*my portfolio consists of three wheatback pennies and an empty sardine can[/size]