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Although it's highly likely that my post sedation delerium would turn out a daily entry far more coherent than usual, I turned to the kindness of guest bloggers to preclude the chance of typing out some long held family secret.
Today's guest blogger, Tony Vahl, may be known to many as the co-founder of the popular DailySkew.com, no stranger to an irreverent look at events pretending to be serious. An accountant by day, he finds the time to put numbers aside and focuses on letters and punctuation marks to the delight of his readership. Follow Tony on Twitter and help support a life giving cause
I am not an Options Trader. Never traded options in my life. I hope some personal eyewitness testimony will suffice.
I come at this as someone who saw the Housing Bubble bursting back in 2006, and felt like a lone wolf crying in the wilderness. Smiling real estate salesman kept telling me at the time, "Don't worry. The market will hold firm. After
all, this is Florida."
Don't worry. Be happy. What could go wrong?
Two years later, I was told, "Buying a home now is like trying to catch a falling knife." This time they were right. Even a broken clock is right twice a day. A $120k home I purchased four years ago is now worth half that. Unexpected medical bills have put an employed individual in a stable career and his family on the brink of foreclosure.
Anyway, since I'm not a trader, I figured I'd share with you what I'm seeing on the ground. What I see is change. Not just loose change.
I'm seeing stores going out business. Take Payless Shoe Stores (TIcker PSS), for example. They just can't compete with Zappos, now wholly owned by Amazon.
Isn't it funny that Zappos has an issue with the security of the credit cards of their customers after Payless announces store closings? It's too late. It's like that scene in Star Trek II, when Khan started the Genesis Wave. He hit the "Commit" button, and then there was no stopping it. You couldn't even switch stations, the force was that powerful.