Thursday, September 25, 2008

Into the Abyss

As I sit here watching Democrats and Republicans fumble-snipe at each others heels while the world awaits a resolution of the proposed $700B infusion to stall-off Armageddon, I am reminded of the 1960's television series, "The Twilight Zone." Can this really be happening? Is the fate of mankind riding on Barney Frank?

While attending law school in Boston in the mid-1970's, a group of us law students from Suffolk, BU and BC used to gather Sunday mornings on a ballfield on Comm Ave for pick-up softball games. A rolly-polly brother of one of our regulars, Barney Frank was then a struggling state representative that couldn't field nor hit, but our object wasn't to qualify for the Olympics, but to assemble enough bodies to field two teams, so Barney, gay as he might have been, was as welcome as any of us. To think that Western Civilization now rests in his chubby-clumsy little hands, gives your author great pause. Oh my, oh my, oh my.

The image of Henry Paulson and Ben Bernanke squirming and begging before Congressional committees, of seven minutes of glory per pandering politician to squeeze contrition out of these two pillars of capitalism, enough to make a grown man vomit, followed by the follies of Kudlow, Cramer, & CNBC knick-knacks chillin' and spillin' their guts out of their new found celebrity, all the while pumpin' and dumpin' to stay tuned for the next segment where the world may end, or be saved, or some combination thereof, television docu-drama at its finest and at it's worse, all at once, oh my, oh my, oh my.

What to do with all of this hubris, the suits on high horses, the calvary of great expectations charging across the valley of the doomed investors, bugles blowing and flags a waving as limousines pull up with Obama and McCain engaged in a two-step in center ring, while donkeys and elephants jump through rings on fire; this is what we have come to see, the circus is in town and we gather beneath the tents, it's going to be a humdinger of a show, oh my, oh my, oh my.

A

16 comments:

Dave said...

Priceless! Now I'm worried Allan.

Anonymous said...

Allan:

Is this "The End"? Are we done for good?

Allan said...

Stay tuned, we'll be right back after this word from your local station......

MN said...

I rather watch the circus than be in the circus.

Anonymous said...

And NNVC - that should be mostly unaffected by this right? Like SQNM I would assume that NNVC will follow its own course based on their trials etc.



-AM

Anonymous said...

I just started investing about 3 months ago. I am not sure if this is a greeat opportunity for me as I have nothing to lose and everything to gain, or my cause is a lost one over the next 2-10 years.

-Eric

Anonymous said...

Allan:

If we are headed into the Abyss as you say, is AllAllan a refuge?

Or are you going down with Wall Street?

Doug

Allan said...

WIth the S&P down 6% for September, my fund is up, so I expect to be around and leading whoever cares to follow, to higher ground.

PS: Look for Part II of NNVC Fireside chat in the next few days.

Anonymous said...

Ok, can I assume you were not bailed out by JPMorgan?

Doug

Anonymous said...

Would a fireside chat with YOU be in order?

Doug

DrFeelgood said...

My favorite part was the spectacle of Republicans rejecting the plan of their own party while Democrats sided with an unpopular president, and begged Republicans not to do so, all the while Paulson literally got down on one knee and begged Harry Reid to save his plan. All this actually happened, and without exageration.

Donkeys and Elephants jumping through hoops of flame, indeed.

Anonymous said...

Follow-on:

How will the results of tonight's debate effect your trading?

Anonymous said...

Dr. Feel Good:

What is your prescription for saving our own $$? Following AllAllan?

Also, can ou get me a deal on 180 tablets of 10MG of Valium?

Doug

Anonymous said...

GOLD GOLD GOLD- YOUR ONLY SAVIOUR. Allan had THAT one right.

- The Original Gold Bug, largest individual gold owner in NYC.

Anonymous said...

rolly-polly,chubby-clumsy-Well, he is smart enough to become a congressman even he is overweight.Are you a congressman?How smart you to put people down only because they don't suit your ideals of normal.

Allan said...

Beauty is in the eye of the beholder, no judgment was made pertaining to Rep Frank, other then he couldn't field, nor hit. You however have suggested some grotesque assessment his physical form, having never payed ball with the man.

Good thing I didn't refer to his legs, those two stumps dropping down from his shorts, moving like slugs after the rain.