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