This is the humorous side of investing:
15 Sure Signs That Investors Have Lost It
- Aug. 3, 2014, 6:26 AM
- 97,256
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Just a week ago, the S&P500 hit a new all-time high, continuing an epic five-year bullish run for stocks.
But some market commentators believe we must be heading for a top.
The signs are there if you want to look for them. As of Friday, the Dow had erased all of 2014's gains. Forward price-to-earnings ratios are well above both their five- and 10-year averages. Even Alan Greenspan has said a correction is inevitable given that the rally is now well into its fifth year.
There are other, less technical signs. We're talking about the signs of that make you think twice and wonder if irrational exuberance has taken over and investors are investing in things recklessly.
We've pinpointed the 15 most ridiculous moments in finance of the year so far that might lead one to believe that this bull market has seen its top.
The signs are there if you want to look for them. As of Friday, the Dow had erased all of 2014's gains. Forward price-to-earnings ratios are well above both their five- and 10-year averages. Even Alan Greenspan has said a correction is inevitable given that the rally is now well into its fifth year.
There are other, less technical signs. We're talking about the signs of that make you think twice and wonder if irrational exuberance has taken over and investors are investing in things recklessly.
We've pinpointed the 15 most ridiculous moments in finance of the year so far that might lead one to believe that this bull market has seen its top.
Marketwatch profiles "the Oracle of San Quentin."
REUTERS/Stephen Lam
Burrito Bonds
Chilango
Uber for Underwear.
OK, technically FlyCleaners.com,
backed by Union Square's Fred Wilson, will also deliver the rest of
your laundry at a moment's notice. Through your phone you just tell them
exactly where you need your clothes picked up, and they come to you.
Ja Rule in the Hamptons.
Fresh off a prison stint for attempted illegal gun possession and tax evasion, the rapper hopped at jitney for a boozy set in Sag Harbor. According to CelebrityTalent.net, booking for Ja starts at $7,500.
A French firm bids for T-Mobile.
Wikimedia
Cynk
IntroBiz.com
The Headphone Hoodie.
Betabrand
A guy raised $53,000 for his potato salad on Kickstarter.
"I'm making potato salad," Zack Danger Brown wrote. "Basically I'm just making potato salad. I haven't decided what kind yet." He has 6,600 backers.
Rupert Murdoch offers to purchase Time Warner for $75 billion.
Jonathan Erns/Reuters
Generally speaking, this has just been a monster year for mergers and acquisitions, a phenomenon that often coincides with market tops.
The idea that a Murdoch acquisition of Time Warner proves we must be at the top.
This
one has layers. Murdoch has had plenty of acquisitions besides the ones
pictured here. Still, some take it as a sign of imminent correction.
Crumbs cupcake allegedly selling for $250 on eBay.
After the chain declared it was shutting down, someone allegedly tried to sell a leftover Crumbs cupcake for $250. USA Today said the post was authentic.
El Pollo Loco surges on IPO.
Shares in the fire-roasted chicken chain climbed 26% the day it debuted on the NASDAQ, and has kept on going. It's now up 43%.
The Snapchat valuation story.
Bloomberg reported Alibaba wanted to buy Snapchat for $10 billion. BI's Alyson Shontell then reported this was "highly unlikely." But if it did happen, Snapchat would be the ninth-largest tech firm according to Tara LaChapelle.
Strawberry Bonds
Hedge funds are packing securities backed by returns on crops like strawberries, corn, cotton, lemons, walnuts, avocados, The New York Times reported.
Meteor Insurance
Google Images
end quote from:
Read more: http://www.businessinsider.com/the-15-most-ridiculous-moments-in-finance-this-year-2014-8?op=1#ixzz39OtZR0Mf
I particularly like the one where investors gave a guy 53,000 dollars just because he said he was making potato salad and hadn't even decided what kind he was going to make yet.
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