They Say That Laughter is the Best Medicine

By Scott Ronalds

A little Saturday humour to perk you up in these troubling times.

The market seems to keep dropping and droppingBecause those damn Yankees couldn’t stop shopping

Through their homes they’ve borrowed a ton of doughNow they’ve got no equity and little else to show

Credit is scarce, and Wall Street is in troubleBecause nothing was done about the housing bubble

Lenders gave mortgages to folks with no jobs, and little moneyThen packaged them up with Triple-A ratings...real funny

Wallets are empty, and the mood is bitterCause portfolios have taken a hit, and the economy’s in the shitter

Hedge fund players are being forced to sell due to excess leverageIt seems risk controls were drawn on cocktail napkins over a stiff beverage

Ford, GM and Chrysler are standing on the brink, watching their stock dropYet they still can’t make a car that doesn’t spend half its life in the shop

Mutual fund investors are heading for the exits, in a mad dashAt exactly the wrong time to move into cash

Sprott is losing millions, and IPOs have slowed to a crawlAnd with PH&N paying full trailers, maybe hell has frozen over after all

But Buffett’s been buying and valuations have rarely been cheaperBoth hopeful signs that this nosedive can’t go much deeper!