Smoke on the Water

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Wed, 03/16/2011 - 22:43 | 1064973 cbxer55
cbxer55's picture

A couple of months ago I bought five pairs of black Levis 505s (my favorites) for $18.99 at Sams Club.

Yesterday I bought four pairs of blue Levis 505s (second to the black) for $22.88 at Sams Club.

You must not have a Sams Club where you reside. ;-)

Wed, 03/16/2011 - 18:41 | 1063770 Zero Govt
Zero Govt's picture

the quote from the Fed yesterday to remember (frame it) is, "the floor is stable"

...of course today it's falling in .....classic Benny, he never has had a fuking clue! 

Wed, 03/16/2011 - 16:30 | 1062921 Misstrial
Misstrial's picture

Well, ilene, I just had to respond to your blurb above re your $50./$5k postulate, and that is this: I have a list of about 35 companies that I want to buy at an appropriate entry level.

So not all of us are dumb-@sses thinking of that next Burberry scarf.





Thu, 03/17/2011 - 12:25 | 1066981 MrSteve
MrSteve's picture

In what Thrift Shoppe can we find $50 Burberry scarves? They would be a bargain compared to online shopping prices.

I thought folks here on ZH were to buy the dip, not be one. I like the dip in PM, others, not so much unless they are NOK or CHF domiciled.

Wed, 03/16/2011 - 17:05 | 1063099 ilene
ilene's picture

Phil meant the average investor or perhaps day trader. It's easy to lose a lot of money very fast when the market turns against you, and I think that was Phil's point. 

Wed, 03/16/2011 - 18:03 | 1063535 Misstrial
Misstrial's picture

OK, thanks.


Wed, 03/16/2011 - 16:12 | 1062792 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Dude, you are smoking the hopium Phil. This is an unwinding of the carry trade and potential collapse of the Japanese ponzi which the US and all of Asia is tied. The disaster is slowly unwinding and is nowhere near the end.

Wed, 03/16/2011 - 18:51 | 1063824 Raynja
Raynja's picture

Exactly, we're between euphoria and anxiety at this point no where near capitulation.

Wed, 03/16/2011 - 15:43 | 1062588 Debtless
Debtless's picture

Whomever's the last one out of the casino, please shut the lights off. Thanks.

- Wall St.

Wed, 03/16/2011 - 18:52 | 1063829 malek
malek's picture

No need, as the Montreux casino completely burnt down. After which Deep Purple wrote their song.

Wed, 03/16/2011 - 18:48 | 1063812 css1971
css1971's picture

Doesn't seem to be much left to chance. If you print enough money, it'll make it into the stock market one way or another.


Wed, 03/16/2011 - 18:44 | 1063796 10kby2k
10kby2k's picture

Seems the lights are being shut off.

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