Showing posts with label don't panic. Show all posts
Showing posts with label don't panic. Show all posts

Friday, January 22, 2010

Note to sellers: Thanks

My absolute favourite moments in the stock market are those times when a whole row of people line up in front of you and say, "Please take my money".


As subscribers already know, this humble scribe added FVI.to 30 minutes after the bell this morning. Some subscribers did the same, for example 'BT' who wrote in with (excerpted):

"Thanks much for the heads-up on Fortuna...... didn't notice the large drop until your email. Picked up a bunch at 2.21."

Was today the absolute bottom in FVI.to (and silver/gold stocks in general)? I dunno, but what I do know is that Barry Ritholtz is a smart guy. For more, see Monkey Time post below.

Friday, June 12, 2009

Argentines neurotic? Shome mishtake shurely ossifer!


The two types of swine flu fever (AH1N1 and the panic that comes before it) are sweeping Buenos Aires this morning. Schools report up to 45% absenteeism as parents keep their little treasures at home. Argentina's embattled Heatlh Minister, Graciela OcaƱa, doesn't want a repeat of the total snafu she made of the dengue outbreak in the North of Argentina this year so she's already out on the radiowaves telling people not to panic, get on with ordinary lives, take sensible precautions, etc.

It won't work, believe me. Argentines are amongst the most hypochondriac races on the planet. Take a walk down any street in any town and count the pharmacies for one thing. And their private health insurance sector is one of the most profitable in Latin America, noted by the number of heavy hitters fighting for a slice of the sector. So Swine Flu will be a big hit in the land of Kirchner in the weeks to come...a made to measure neurosis for a country of neurotics.