Party Like It’s 16,919.99 (May 19, 2014)

. . .

1          “It looks like it may hit 17,000.”

2          “It looks like it is heading to 36,000.  Again.”

1          “Remember the good old days when Merryle Ruykeyser’s kid Louis was the most celebrated financial entertainer at a time before every Tom, Dick and Mary went into financial huckstering.”

2          “Remember when Lou sat around on December 31, 1999 partying like it’s 1999 with four characters who were as unrestrained in their enthusiasm for unbounded growth in 2000.”

1          “The lack of earnings always felt surreal, yet not earning money was described as the new real.  Who knew it was unreal except those who knew it was not real.”

2          “You did not even know what the company purported to do when it made an initial offering.”

1          “You could not go wrong until it went wrong.”

2          “Kind of a bummer . . . you know . . . the inevitable and predictable collapse and all.”

1          “I am sure that it will be different this time.  I’m pretty sure.”

. . .

[See the December 31, 1999 episode of “Wall Street Week” with Louis Ruykeyser at http://www.youtube.com/watch?v=Q5R0j75BZ0U and party like it’s 1999.]

Bumper stickers of the week:

Always follow the smart money

Party like it’s 2014

Party on

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