Friday, 10 August 2007

What's the world coming to?

Have had my head in the sand lately, so haven't been catching up on the news much. Wandered on over to catch up on the daily news online. I can't believe some of the shite that is being reported.

"Share market slumps"

Seriously. What a joke! I read this following bit by Scott Pape a few years ago - makes total sense to me.

"Are there any similarities to a Boxing Day sale and a stock market crash? You betcha. Prices are falling and the media are commenting on the madness... Everybody is excited by the chance of picking up a bargain. The difference of course is that when the stock market crashes, people shit themselves. Mainly because of that word - crash. What about when retailers advertise that their prices are crashing? It's people's perceptions that make the difference - and most people just follow the herd."

"Take a look at 1987...people saw the value of their investments fall by 30% or more in one week. They rang talkback crying foul, 'I've just lost 30 grand on the stock market!' - what they forgot to mention was that in the previous years they'd nearly tripled their money."

"Fair Dinkum! Lingo sparks US scare"

What a twit that air hostess was! I'd be gropable if they didn't have pretzels too....