Friday, January 22, 2010

Stockmarket and Vegas

The dealers wear suits in the gambling pits here in Vegas.
They wear suits on Wall Street. Both drain the customers, drip drip.
Customers come to Las Vegas, for a good time with the allure of a hot streak. The allure stays as they return for another Vegas trip, time after time. The house makes billions of dollars on a 2 mile strip of foolish fun.

Wall Street doesn't have to parade the shows and cupcakes to get the billions. They even have the govt (us) to see that they stay afloat in any potential collapse.

Wall Street and Las Vegas have much in common.

That being said, I'm betting by buying into this sudden drop in the market.

One gets only 2-4 windows a year to make good buys. That leaves Wall Street with plenty of shots at one's 401-K + the fees.

I don't have a BLACK JACK in the present market but I have a 19 vs a 6 up for the friendly dealer.

It's hard to make predictions, especially about the future--Yogi Berra


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