Last week, my wife and I spent two lazy days in Las Vegas. My intent was to blow as much money as possible on traditionally Casino-friendly games (The Big Wheel, Keno, Roulette), but was thwarted when the front desk offered us a jacuzzi suite upgrade for a paltry $50. After 15 straight hours in the hot tub, I found myself dehydrated, pruny and flush with unspent cash. What was I to do with all the money I’d intended to lose on silly and irrational gambling?
Luckily for me, the TV was on, and David Morrow (the Editor-In-Chief of TheStreet.com) was a guest on one of the 24-hour news network’s financial hour. The Dow had just hit 14,000, and the host of the program asked Morrow if this was a good time to sell. Like any worthless douche willing to sell his character to make a dime, Morrow gleefully declared that the Dow would continue to rise, and that investors should continue to invest.
He’s the editor-in-chief of TheStreet.com…he must know what he’s talking about, right? I hastily called my stock broker and told him to float me a couple of grand.
This was against my better judgment, but what do I know? I’ve never been a stock broker, nor have I invested enough to really undertand the market. What right does a prole like me have to question the sage advice of Morrow, who’s spent his entire adult life writing about the market? (I’m still waiting for a response to an email I sent him asking him about his investment experience)
I trust Morrow, the same way my buddy trusted the REALTOR (registered, trademarked, and copyrighted term) who told him the $615,000 Fontana home he was eyeing last year would be worth $1 million today. Common sense be damned! Ceilings don’t exist anymore (unless you’re a woman!), and after 6 years of unrelentless growth, how could there possibly be a correction?
Uhhhh….wait. How many points has the Dow lost in the last week? How many hundreds of thousands of dollars did my buddy lose in his home? How many thousands of foreclosures have nailed Southern California in the gut?
TheStreet.com, a question: HOW THE HELL DID YOU FIND THIS GUY, AND WHY THE HELL IS HE YOUR EDITOR-IN-CHIEF? At least there’s no doubt about your business model: Pump a market/stock stretched thin and short the ever-loving-hell out of it. Perhaps I should submit my resume. Beats handing my cash over to casino management.
(Disclaimer: I know this will ruin the effect of my little blog post, but I did not invest after Morrow sold his soul last week. I’m being feces-ish.)

7 Comments
July 26th, 2007 at 11:31 am
truth, if i ever heard it!
July 26th, 2007 at 1:03 pm
$615,000 for a house in F’ing Fontana!!!
Wow!!!!
July 26th, 2007 at 1:34 pm
Fontana doesn’t rate a capitalized “f’ing.” Other than that, you got it!
July 26th, 2007 at 10:08 pm
feces-ish… that was grammatical brilliance sir!
July 26th, 2007 at 10:48 pm
Mr. Hack - I’m truly shocked that someone picked that up. Bravo, my friend…bravo!
I pray the nuptuals went smoothly?
August 6th, 2007 at 8:05 am
yes they did, thank you - no one died and i’ve only had to threaten to sue one vendor
August 21st, 2007 at 8:36 pm
Stop losing weight Nonez and write another blog already.
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