Hi famed Wonka prognosticator.....Michael you have been around these parts for ages........ so you get a special mention in this post I put up on the Silicon Investor Discussion thread.... did not mention you there but I get you early here!!
, so we have a new owner of SI , Craig Longhurst sounds like he may be able to do some very dynamic things to keep this quite remarkable site going ... lots of history on these threads. It's a time capsule. The things that have transpired over the years will make a heck of a good book, if written with a pithy "inside baseball" style ...... I'm pondering what that might look like.
Memory lane: Tom Dorsey, you Jan and the piffers, Jim Cramer's early exploits.... Antman getting Bill Meehan of Cantor Fitzgerald to use the code word "Myth" on a CNBC interview...... Bill's tragic death on 9-11-01.
Anthony@Pacific.... shorting bubble scam stocks, with inside information from a couple of FBI white collar agents from Arizona, I believe. The incredibly insightful posts of Henry Volquardsen.... maybe the smartest guy I have ever know on how the Money Center banks (citi) trade FX spot, forwards, long-dated FX which brings interest rate differentials acutely into view, as well as his trading of a variety of things like AUD bonds and bills, and of course his work with swaps. He was running a book of swaps for a combination of UBS and I believe AIG, in the first several years of this century.
The frenetic response when someone seemed genuine in offering to sell one of their kidneys because of financial dire straights.
Your prolific output on SI.... yours truly enhancing the phrase from the WSJ That ThunderChicken...... it's Fingerlickin'
Lucretius Taurus and The Mighty Myth Man........I had a 50,000 post grub on the myth thread with a dirk diggler reference...... Henry Volquardsen created the Post Grubbers trophy case...now that I think about it.
The bubble day traders in 1999 who knew that it was a a total mania and would take a proverbial hit off the glue bong before putting on the trade.
It was like Cramer on CNBC in May of 1997 saying that anyone who had been long the whole way up was like a monkey with a buy button said in his best "the Hindenburg has exploded...." hysterical rapid fire banter.
Cramer also had the classic that this is the kind of market that if a stock opens up 10 bucks you buy 500 shares, if it's up 20 bucks you buy 1000 shares.... and so it was such a beast in 1999.
B2B, .com, eyeball views of a website were monetized....... the net company that shot small furry animals out of a cannon and had no perceptible business model. the Billions of employee stock options that made so many "paper wealthy" if only they had vested and were exercisable.
The US Equity Market in March of 2000 was 44% of the global stock market capitalization....... interestingly, that is about the same 44 Global market capitalization that Japan had on Dec. 31st 1989 at Nikkei - Dow 39300 or so. 23 years later and Kyle Russ is explaining why Japan is really getting ready to go through the endgame over the next one to two years.
I was exchanging text messages with Patrick Slevin today, I saw Chip McVikar posting that it was good to see Patrick posting.
Of course we had that classic trip to Las Vegas of the piffers and an assortment of Nasdaq bubble participants... who can forget us at the MGM feeding spot at 3 AM having late night salads, after hours at the craps tables and Patrick and Gary having a "spirited" discussion on the virtues of New Jersey aquifer water.
The theme song of my eighth grade graduating grade school class in Mendham NJ was "Memories" the one that was used so heavily in the Kodak ads...... will you remember the times of your life........as it turns out it was the value of their patent portfolio.
I got to play guitar with the school band for that song and the other starting pitcher on our division winning baseball team, Craig Cooper, played the drums.
SI has been a very storied and interesting place. Hope it stays with us for many years....
as Art Cashin has memorably said " always have enough gold to bribe the border guard" and he loves his pithy 4th of July maxim..... I had a "fifth on the fourth" .....
The one board I wished that I started back in 2000-2001 was to have everyone come up with companies that reached their price high in 2000 and how many shares there were so as to come up with maximum market capitalization, and how much had been lost by late 2002 early 2003. So many companies Commerce One is one of hundreds of companies that disappeared... with all that loot off to Money Heaven
John... |
