J
JAMESBJOHNSON
Guest
The present euphoria on Wall Street reminds me of the story about the black kid who set up a stand to sell rabbit shit. People came along, checked out his wares, and made it clear to him that no one was gonna buy rabbit shit.
So the kid changed his sign to "WISER PILLS" and customers flocked to his stall to buy the WISER PILLS. When asked what the pills do, the kid said THEY MAKE YOU WISER.
Finally, one customer objected, THESE TASTE THE SAME AS RABBIT SHIT! And the kid replied, SEE! THEY WORK! YOU ALREADY WISER!
Anyway, investers are excited because the accountants made some changes to what they call ASSETS. The rabbit shit is still the same, they just call it something else.
So the kid changed his sign to "WISER PILLS" and customers flocked to his stall to buy the WISER PILLS. When asked what the pills do, the kid said THEY MAKE YOU WISER.
Finally, one customer objected, THESE TASTE THE SAME AS RABBIT SHIT! And the kid replied, SEE! THEY WORK! YOU ALREADY WISER!
Anyway, investers are excited because the accountants made some changes to what they call ASSETS. The rabbit shit is still the same, they just call it something else.
