May 21, 2003
Economy in Recovery - Snicker
Ever wonder what happened to the Cloud-Nine pundits that used phrases like "New Economy," "Momentum Investing," "Click 'n Mortar," "E-tailers," "Information Age Paradigms," and "Synergistic" (here is a thorough list of such buzzwords)?
Well wonder no more, they all managed to keep their jobs and now spend their days talking about The Recovery™ that will magically materialize within the next few weeks (as they continue to think that the Federal Reserve and/or the State can bail the world + dog out).
Here is a great illustration that depicts this situation today (from Lew):
My investor amigo Jason opined:
Who were the people who figured "Momentum Investing" was a reasonable thing to do?Eerily enough, some people invested their lifesavings with such enlightened boobs -- making this blogger ponder these adages:"If the stock went up today, it will go up tomorrow..."
- Who is more the fool, the fool, or the fool that follows him?
- A fool and his money are soon parted.
I love the comic strip. I've got to link to it, it's just great. Good find :)
Posted by: Sharleen at May 22, 2003 12:40 AMsee the problem is there is not enough spending in the economy. we need stimulas plans and job creation dammnit.
Posted by: todd at May 22, 2003 02:35 AMHehe, Todd you crack me up (though, I really do know some people that aren't joking when they say something like that).
Posted by: Tim at May 22, 2003 03:34 AM