|This log represents the Life and Times of the Las Vegas Dude.|
03/14/2009 16:13:46jim Vegas,NV-GMas-Bedroom,Bathroom
03/14/2009 13:31:24jim GMas-Dustin,Jen,Becky,Robert,Em
03/14/2009 10:56:08jim Vegas People - 2009/03/14
03/14/2009 10:56:08jim (Reply)Vegas,NV-GMas,Jen,Dustin,Emily,Amy
03/13/2009 14:57:41jim Vegas,NV-Giving Sharon A Bed
03/13/2009 12:07:22jim VoTech Hill - 2009/03/13
03/13/2009 12:07:22jim (Reply)Vegas,NV-Condo,Views,Mustang
03/13/2009 06:35:10jim I just read an article about stocks
It explained that the value of a stock is based on what people think it is worth, so when it goes from $10 to $5, $5 hasn't dissappeared.
People aren't willing to pay $10 a share anymore. They think it is worth $5.
My problem with this analogy is this, if those shareholders who own most of those $10 shares sell high, then buy back the stock at $5,
they've created the perception of the stock both not being worth $10 a share, then being worth more than $5 a share.
The stock market isn't a car. Its perception of what that car is worth.
If you bought your Ford at $10,000, but now they sell it at $5,000, then you've lost $5,000 (if you try to sell it).
If it really was always worth $10,000, then its value will appreciate when it sells for what it is worth ($10,000).
The real question that needs to be asked is, why was it selling for $10,000, then for only $5,000.
Its the buyers. In the case of the stock market, the car is the same car...but it doesn't get devalued until people quit buying it.
With the stock market, the perception of what a stock is worth is created by the brokers, the news, and what has been going on with the stock.
If people are selling major shares of corporations for top dollar, the perception will be the stock isn't worth as much as what seemed to be.
I believe that is what happened to the stock market. I believe the perception of a failing economy has created one.
This is an except: Much of the talk this past week has been around Microsoft's drop in share price since they made public their acquisition offer for Yahoo. SAI has a nifty calculator and tonight Techcrunch Editor Mike Arrington calls the deal a "$80 billion Headache". TC notes that the share price of Microsoft has dropped from $32.60 per share on January 31 to $28.56, a ~13% drop. I agree with Mike that the Yahoo deal might be a factor in the decrease in stock price, but I am not sold that it's the only factor. I am certainly no stock guy (go read Howard Lindzon for that) and will never give stock advice, but I took a look at some other technology companies to see potentially what the market did as a whole during the same time (January 31st - February 8th). Also, check Ashkan's coverage of the deal, it's very thorough.
03/12/2009 17:01:01jim Vegas,NV-Luxor
03/12/2009 17:00:14jim Vegas Luxor - 2009/03/12
03/12/2009 08:31:12jim Too all of you out there losing everything
You are not alone.
Last year, I lost a fortune in stocks, I lost a fortune of equity in my home, and I too have a bad loan on my house.
Eventually I may lose everything I have.
But I have hope, that by not being alone, things will turn around.
There's a good chance I'll have to start all over again.
If I do, this time, I'll do everything better than I did the last time.
I'm not sure what happened to the stock market and the housing market.
But I have faith.
Kids will get their higher education somehow, houses will be sold, and people will somehow be able to retire, even though most of us have lost our savings.
03/11/2009 20:00:55jim Vegas,NV-Cannery-Becky,Jim
03/11/2009 11:37:32jim Vegas,NV-4703 Gabriel-Kitchen,LR
03/10/2009 19:59:08jim Cannery w/Emily,Amy,Becky,Sonny,Robert
03/10/2009 11:37:32jim The Old House Looks the Same
03/09/2009 09:07:24jim Vegas,NV-Cannery
03/09/2009 09:07:24jim (Reply) Vegas Cannery - 2009/03/09
03/09/2009 09:07:11jim Vegas,NV-Cannery
03/09/2009 09:07:10jim Vegas Cannery Colors - 2009/03/09
03/07/2009 18:44:34jim Vegas,NV-Becky,Sonny,Pix
03/07/2009 06:56:51jim Vegas,NV-Strip
03/07/2009 06:56:50jim Vegas Strip - 2009/03/07
03/07/2009 06:11:40jim There is no place like Vegas!
I think I've been around a lot now, and Vegas is the NY Times Square on steroids.
Coming in last night, and just driving down the strip, we must have passed at least 20,000 people, and we just drove a few blocks.
Some business have died, but most are BOOMING! Vegas has grown tremendously in the last 6 months.
I don't understand the stock market.
Why would stock prices in Las Vegas casinos fall. All the parking lots are full. Its more crowded than New York City.
THEY ARE MAKING A KILLING HERE! And its all for partying and having fun.
It seems to me, if a business is obviously turning hugh profits and are expanding, their stock prices shouldn't fall. It makes no sense to me, at all.
I heard Boyd Properties (whose stock fell from $40 to $4 a share) is buying the Station Casino's.
That would make it one of the 5 largest casino corporations in town.
And The Cannery East, that casino that's about 5 blocks away from our house, is BEAUTIFUL.
They did a great job on it.
We are now next to the "Welcome to Las Vegas" sign on Boulder Highway.
03/06/2009 21:18:01jim Vegas,NV-McCarrenAirport-Becky
03/06/2009 15:30:19jim PA to NV, a 6 hour flight
03/06/2009 15:06:20SAE .Driving home from work - headed for Vegas
Good flight back, to Lost Wages, Jimmy?
Why won't your job be there after your vacation? Vacations are legal and acceptable in PA. Specially in Pittstown.
How does Sonny and the house look? Intact?
I am sure Jeff will hold down the fort at work while you're gone.
Let's IM some time. When you aren't "Mobile".....
03/06/2009 15:06:20jim (Reply)Driving home from work - headed for Vegas
It felt funny. It felt like it was the last time I'd see this stretch of road to the apartment.
All vacations are exciting.
All flights are boredom filled with anticipation.
I guess what I'm saying is, maybe I won't be back. Life has been full of surprises.
The way this life has been going the last 7 years, its all been a crap shoot.
I'm hoping this trip will be full of adventure and my return to Pittsburgh will be warmly welcomed.
But what I'd like to say the most of all is live each day of your life like it was your last.
Live like us! Live it, and love it.
02/28/2009 07:12:29jim Another rainy week has gone by
It's been raining a lot, and the snow finally melted away. The trees look like they're ready for spring in a couple of weeks.
My new job location takes 30 to 40 minutes to get too, so I haven't been watching the news that much.
It seems like all my time has been revolving around work.
Its the same old thing. Get up at 6, get home at 5, then try to muster enough energy to enjoy the rest of the night.
Usually that involves having a harmless beer at a local bar (I like Blue Moon with an orange in it), or coming home, and watching a movie or playing Wii with Becky.
I guess, at this time of the year, life can't really be described as being depressing, it's more like just plain ol' boring. Its too cold to go out and play.
It takes 10 minutes to put on my t-shirt, shirt, sweater, overcoat, scarf and of coarse, the pants and stuff.
We went to New Jersey and New York.
Every place is starting to look the same to me. Unless there's something that is unusually beautiful, its just another sight. Houses strewn together, factories, shipyards, bridges, tall buildings, and lots of people. The Statue of Liberty and the ferry to and from there was, well, just not that exciting.
On the other hand, the taxi drivers in New York made the trip worthwhile for me.
Those guys are the best racers I have ever seen.
They come within inches of other cars, and don't even sweat it. Most of the roads don't bother with lines to mark the lanes.
Driving in New York is more like a free-for-all. I enjoyed driving there, but when we finally decided to take cabs, those guys made me feel like a beginner.
On the other plus sides of the week
I talked to Robert and Rod this week. Its nice to reaffirm we have friends out there.
Soon, we'll be headed back to Vegas for a short stay. I can't imagine what the economy has done to it.
Our friend Jeff is picking dropping us off at the airport and picking us up.
I keeping hearing about local layoffs in large proportions
Its funny though, I don't see much about it in the news. I really think the big things that are happening aren't being reported to the public.
Once again, I really feel lucky to be working at this time.
Its odd though, I'm working in a large building complex where maybe only 1 in 5 cubes are being used.
I guess most of the people at work think it is life as usual, but I can't help myself from seeing things in a different way.
Welp...that's my babble for a cold Saturday morning.
Love to all, and may happiness fill your days.
02/25/2009 08:04:35jim Wednesday Blues
You know, I was thinking about that 19 year old that posed for the Statue of Liberty. What a sight!!! She's in a sheet, holding a torche, and a book, wearing sandles. Doesn't that make you wonder what was on her mind.
02/19/2009 09:27:58jim Wexford Snow 2009/02/19
02/15/2009 18:40:02jim RockefellerCenter - 2009/02/15
02/15/2009 11:04:22SAE .New York People - 2009/02/15
Jimmy - Ask Jeff to look at your photos here, and ask him if he thinks you are turning into BL...
02/15/2009 11:04:22SAE (Reply)...New York People - 2009/02/15
BL stands for "Bryan Lund". Also known as BLLB for Bryan Lund, Lover Boy....
BL and I went to high school together and Jeff worked with him for a good number of years, as recently as 2003, at CDG in LA.
Why are you always "Mobile"? I want to IM with Jimmy...
02/15/2009 11:04:22jim (Reply)New York People - 2009/02/15
02/15/2009 10:50:28jim NewYork StatueOfLiberty - 2009/02/15
02/15/2009 10:50:28SAE (Reply).NewYork StatueOfLiberty - 2009/02/15
Did you slug this cop, after you took the photo?
I actually got to go up "Lady Liberty" and look out from her crown. And then up her right arm to the torch.
See how studly I am for having not wait so long to go to NYC!!! That was back in the 1970s.
I am so glad you finally made it to NYC, one of the world's great cities. Someday, I think you should go back for a week and see all the city has to offer a visitor. Museums, plays, more of the people, the feel of the city during a work day. See the NY Stock Exchange from the observation deck on a trading day. And much more.
But this weekend trip was a great start.
02/14/2009 16:19:24jim Hoboken Bay Shiphyard - 2009/02/14
02/14/2009 16:11:50jim New York - 2009/02/14
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