Happy New Year! My Thoughts after Seeing “The Big Short…”

~By InsightAnalytical

Well, of course, the best time to release a movie about the 2007-8 economic crash is to release it during a holiday week at the same time the masses are being dished out “Star Wars”…again…

Being contrarian by nature, I made it over to see “The Big Short” which is based on the fantastic book of the same name by Michael Lewis.

Well, I went to the noon showing, this last day of 2015…the parking lot was full…of Star Wars fans, most likely.
I counted 20 people in for The Big Short. I was surprised there were that many…it’s only showing in one of the 3 movie complexes in town…seems it may be around for another week, but after that I bet it will be gone…

Of the 20, there were about 4 under the age of 60, probably in their 40’s/early 50’s.

Well, it was really gripping! It really was brilliantly done, esp. the asides with the “explanations.” I doubt, however, that many Selena Gomez fans will be in to see it, though.   I have to say the sleaze award goes to the guy based in New Jersey working for Merrill Lynch…figures.

After it ended I chatted with a woman who said they had lost $26 M in ethanol. Wants to get out the country (me, too!),  $300 for a visa to get out to Vietnam…or Cambodia ….or Thailand…Well, I cautioned her about a place like Vietnam being so dependent on China! Also, told her to watch “The Executioner” via MHzChoice (foreign TV series and one shot movies)….a Danish “movie” based on a true story…you will not want to go to Cambodia maybe after seeing the crap that goes on there. I also told her to read WallStreetWindow.com as well as Zero Hedge (but ignore most of the drek in the comments section…truly awful. I mean it…)
The truth is…with the global connectivity at this point, where is there anyplace “safe”??

She revealed that she had “insurance” in a safety deposit box…and I told her to get it out of that box in a bank!!!

When I got home I spotted the young man who works for Apple from home…he and his wife have just bought a house. I pulled over to say a final goodbye as he did his final move out of stuff….gave him the same info about a few sites that I gave to the woman at the movie and told him to save his money and learn what’s going on, not to keep all his retirement on one stock like Apple….exchanged phone numbers again and I gave him my email…told him I may not know all the answers, but I can figure out where to look most of the time…I’m sure I won’t hear from him again.

And then I came home. Hugged my dogs…and am checking my storage food for freshness…

***
Before going I was watching Bloomberg and the word SCARY came up twice from the anchors…the discussion has been about the 600,000 jobs gone from banking….. The site says 500,000 but they said 600,000 on air.
http://www.bloomberg.com/ne’sws/articles/2015-12-31/half-a-million-bank-jo…

They had a guy on talking about going into recession (for some reason I can’t find THAT video up on the site); the anchor brought up Marc Faber also forecasting that a day or so ago. Yesterday, I saw the mayor of Wilmington, DE talking about the loss of 1700 jobs from the DuPont-Dow deal…he was pretty grim….

Anyway, a couple of the people on air today looked pretty pale…and to hear the word ‘scary’ TWICE, no matter in what context…well, THAT was scary!!!

CNBC’s Fast Money is having a party at the moment…party hats, champagne, are they kidding me?? ….can’t even stand watching CNBC much anymore…Bloomberg seems a bit more “sober” but …where IS that video from the recession talker today??

Stay safe out there in the New Year….

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