patrick.net

At these dow levels, nothing!

On Capital Account yesterday - http://www.youtube.com/user/capitalaccount?feature=results_main - they discussed the confidence crisis.

People just don' trust the Wall Street anymore.
Then you have people like Jon Corzines out there who just pocket customer's money, no explanations, no answers, no charges, nothing.

I don't understand how the S&P can be at 1400 today except that all the money out there has no other place to go. If interest rates rise so that people can just break even after taxes and inflation, I think the S&P 500 will drop by 30% or more.

All it would take is 4.5% money market rates and 6% CDs of 12 months maturity. But right now that seems impossible.

I bought TSLA recently. It's seemingly volatile but I made some money.

What about DIS? They report today after the close I think.

I'm waiting for the DJIA to get closer to 12500 before I buy back my trading shares.

I invested in my local coop. They needed money to move to a new location and they're paying me six percent. My money's safe and I'm happy to loan it to a good neighborhood resource.

Chipotle Mexican Grill after the crash.

CMG is like McDonald's, except I don't feel like sh*t after eating it. Unfortunately there's no CMG in the Corning-Elmira area just yet. We do have a Panera Bread though.

Restaurants are a very risky investment usually, they often become popular like a fad and go away quickly. It's easy to miss the selling point.

FortWayne says

Restaurants are a very risky investment usually, they often become popular like a fad and go away quickly. It's easy to miss the selling point.

Fair point, but Chipotle has "caught on." It's a popular lunch destination for white-collar folks: healthy food, fast, at a reasonable price. It's much better quality food than Taco Bell (which was no fad). Actually if I were Taco Bell I'd be worried about losing market share to Chipotle.

Only time will tell who is right.