Another day, another 1,000 points drop on Wall Street. Your money continues to burn in this financial hell created by the brightest minds on Wall Street. It just shows how fantasy valuation and make believe accounting rule. SOX compliance, independent auditors, federal oversight are all a joke. The CEOs and senior managers continue to do well, for themselves, not for the companies, not for the shareholders, and definitely not for the economy.
Meanwhile Damien Hirst just sold more than 127 million dollars worth of dead animals in formaldehyde through Sotheby's. We live in a strange world in a very strange time.
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if you take my advice in July 2008, buy yourself a new D700, now at least it's yours, now you lost 4 or 5 D700, right ?
ReplyDeleteAmerica still has many assets many people covet. Say for example Alaska or try Louisiana Sale-Back.
ReplyDeleteVincent
It is unbelievable indeed how Damien Hirst managed to garner so much money for his latest artworks as a living artist in the current circumstances, while the knock-down price tag of £100 million for a couple of Titian old masterpieces that are considered national treasure in the UK are struggling to find buyers. It's understandable that investors look to art as "safe havens" for investments when bonds and stocks fail, but Hirst is still alive for god's sake. I'm a fan of modern/po-mo art and I remember coming across Hirst's first shark and first dismmembered cow in the Sensation exhibition in Brooklyn Museum of Art back in 1999 (or was it 2000?), but this is just too much.
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