Tuesday, January 22, 2008

The Sky Is Falling: Watch Out!

Here's one ibanker going crazy and I don't blame him for a second.

It looks like the failing economy is upon us. A recession is here and the two questions on everyone's minds are for how long and how deep.

Its really anyone's guess, but here are a few of my thoughts and indicators of note:

1. Yahoo is contemplating to layoff a buttload of people as we speak.
2. Bush and Bernanke can not comfort the United States, so how the hell will they comfort the entire world economy?
3. Its really late at night in New York, like 5 am and I should go to sleep soon.
4. The world markets are opening/closing this Tuesday anywhere from 5-10% down (Asia and Europe).
5. New York is really cold right now 25 degrees Farenheit, which leads me to believe that most bankers are going to be very bearish tomorrow (today in four hours when the market opens).

Will the world end? My sources point to a clear NO, however, if you have money invested, it would be a great time to move away from stocks and move towards ETFs. The market has taken a huge hit over the last three months since its late summer peak. The Downward Spiral that we are in may apex in the next 24 hours.

I am thinking about closing out a couple of positions and using that liquidity to buy on the cheap during the next week.

Sunday, January 20, 2008

New Racing Season

The first few races of 2008 have been announced on fixed.gr/nyc . Or at least they are in the process of getting organized.

I await the start of the racing season. It never really ends, not unless you stop riding, but why would you do that?

First race of NYC in 2008 will be held January 26 entitled "Capital Crimes" location and starting time TBD.

Second race: Valentine's Day, Thursday February 14th. Starting at the bright and early time of 6:30 PM this will make for a memorable valentine's day date.

Monstertrack 9, Weekend of March 8-10. Fuck yeah!! Can't wait for this years race. Its going to rock. It will just be the real racers. The colder the weather, the more ridiculous the riders. This should be a great turnout from all over the world too. I have some buddies from Copenhagen who will probably come out for the race.