Tags: Tomorrow Is A Sick Day
Muffie Benson-Perella (muffie AT muffmarkets.com) was an Associate in the Investment Banking Division of a “Bulge Bracket” bank. She holds a B.A. in French and Art from Vassar College and an M.B.A. from Harvard Business School. She concentrated in Contemporary French Poetry at prep school where she was awarded the exclusive premiership of the school’s “French Club.” Today, Ms. Benson-Perella is the Founder and Managing Director of “Muffie on Markets” (http://www.muffmarkets.com), a deep dive into capital markets, finance and investment strategy. She is also the Founder and Managing Director of Muff Cap, LLC., an invitation only, private investment vehicle for non-existent, prestigious and accredited investors only, employing an actively managed, long-short strategy.
I am sick and tired of all the doom-sayers going around and trashing the economy. Someone please explain to me how the economy can be “tanking” when an automaker is the largest market cap stock in the world, eclipsing an oil company? Does that sound like recession to you? When a middle-class yuppie car with so-so gas mileage is putting the black gold people to shame? I don’t think so.
Then there is the hint that says all that needs saying: certain highly prestigious investment banks are back into the triple digits where they belong. Yahoo and AOL are in talks that will permit Yahoo to finally overpay for AOL. Casinos are back in vogue. Don’t give me that “dead cat bounce” thing either. That is so, so tired.
Look, it is beyond depressing when Cramer is the only person who agrees with me. Let’s get on the stick ok?
As you may or may not be aware, my birthday is this week. I’m expecting big things from the ‘rents this year. As such, you people need to get on it and start buying some shares. Get off the sidelines. The nation is looking to us for leadership. My birthday presents are looking to you for leadership. We have to set the pace. Sprint for the first few miles. Then we can relax, let the pack follow along, and lag back until a taxi comes along to take us to the finish. You know what I mean. I’m talking about consumer confidence. I’m talking about spending. I’m talking about boosting the debt loads again. I’m talking about patriotism.
I realize that it looks a little like we have to behave ourselves and be good while Waxman is watching, but its just temporary. This is no time to cancel plans for Lech. This is not the time to postpone the engagement. This is absolutely not the time to cancel the sailing trip.
As for your fear-factor rhetoric, I don’t want to hear it. Get your ass in gear and start buying baubles for your loved one. That is what is needed today. Purchase courage.
Ok, you people, you are not listening. Just since I’ve been typing this you bombed the entire market. We were up to 970 on the SAP for god sake. You killed 40 points in 4 minutes. That is not cooperation. That is not the kind of leadership I am talking about. Is there a man among you? Even one? Am I going to have to find a date from Citibank for the Christmas party this year?
I’m done for the day. I am going to borrow Aunty’s oxygen tank for a few minutes and then I am going for a well deserved spa day.
I feel totally nauseous. You people make me sick.