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Stock Market Insanity. Party like it's 1987.
invite response
2010 May 17, 8:19am 19,221 views 68 comments
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My first computing experience involved COBOL and punched cards. The second was learning why you never drop the card deck.
simchaland
2010 Jun 1, 2:56am
Upgraded the RAM with a soldering iron, used the excess for a RAMdisk to speed everything up. I forget when I finally got off cassette and had my first 1050 floppy drive. Woohoo SpartaDOS and using a clipper to cut a notch on the floppy so you could flip it and use the back side. Good times!
Yep, time for my prune juice.
Wow, you are really bringing back memories with this comment. I remember using a clipper to notch floppies so I could use front and back. Wow, I almost forgot that detail.
Oh and I remember how expansion meant way more than plugging in cards into ports. LOL!
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Read it and weep:
http://money.cnn.com/2010/05/17/magazines/fortune/2010.crash.1987.again.fortune/index.htm
"(Fortune) -- In two tumultuous weeks in October 1987, the stock market shed nearly one-third of its value in perhaps the second most notorious crash in U.S. history. It could happen again. Don't be deceived by the rebounding economy, any more than the bulls should have been misled by the balmy climate during the late Reagan years. Right now, stocks are extremely vulnerable to the same scenario. The reason: The market is even more overpriced than when thunder struck on that distant Black Monday.
That doesn't mean that a giant correction is inevitable; far from it. But the quasi-bubble that followed the big selloff in late 2008 and early 2009 makes the probability of sudden downward swing far more likely. And today's high prices make it practically certain that investors can, at best, expect extremely low returns in the years ahead."
It's as I see it. Comments?
#investing