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16.07.99 Slorg's Guide to
the AmeriBubble Bust
You heard it first: the summer of 1999 is the
market's top. It's not that we're gloomy, it's just that we're near the
end of the business cycle, and every mania has to come to an end (a bad
one, usually). Microsoft's market cap recently passed the $500 billion
mark, more than 25 times its total revenues. But as the Internet
speculation goes to show, who needs revenues, anyway? It's the triumph of
AmeriBubble socialism: first the abolition of revenue, then the abolition
of money altogether! What clinches it is the fact that absolutely noone
expects the Bubble to burst right now. Except Alan Greenspan, who raised
interest rates a quarter point. The austerity hounds were baying for more,
but the Fedmeister obviously knows something the lumpenrentiers don't:
namely, how deep in hock to
the new metropoles that mighty US economy really is. Globally
speaking, the US is soaking up $300 billion a year from overseas and
plowing most of it into its stock market, the closest thing to a global
Ponzi scheme the world has ever seen.
21.02.99 Slorg's Guide to Double-Bubbles
In response to the smooth emergence of the euro, Wall Street is creating
its own currency, the Transaction-Unlimited Leveraged Information Pool
(a.k.a. the virtual T.U.L.I.P. or VirTu, pronounced "ver-choo"). The VirTu
has two significant advantages over the euro: first, because it's simply an
electronic promise to repay, you save on printing costs. Second, because
one Amerirentier's VirTu is as good as any other, there's no need to worry
about counterfeiters, because each promise can provide collateral for other
promises. In a mere two months, furious issuance of the VirTu has resulted
in the creation of $3 trillion of theoretical liquidity, with more to come.
Russia may be bankrupt, Brazil in the tank, the Russell 2000 down
7% since February of '97, the PE ratios of the Dow stocks are at 23.8 and
those of the S&P 500 at a Japanese-Bubble-style 32.54 (which means S &
P market-to-book has now reached an unfathomable 658.87%,
and no, that's not a typo, we're talking a market cap six times
book), our manufacturing sector going to hell, corporate profits punk,
one-third of the world in recession, the US economy piling up its
most monstrous trade deficits since 1987, and Europe slowing sharply, but
fear not -- our intrepid analysts expect the Dow to breeze past 10,000 in
no time; in fact, at current rates of increase, the Dow will hit 15,000 by
August, 20,000 by December, 30,000 by 2000 and close to 145,000 by the year
2010. Of course, the dollar's depreciation against the euro and yen will
wipe out 89% of that increase, but who are we to spoil a party!
19.12.98 Slorg's Guide to Bubble Bailouts
What comes after the era of the Wall Street Bubble? Why, the era of Big
Government bailouts for punters, plungers and speculators of all kinds.
Wall Street's profit margins are simply too valuable to be left to the
vagaries of those fickle market forces, don't you agree? Still, if even
the neoliberals are clamoring for Government intervention to save the markets
from themselves, can global Keynesianism be far behind? Welcome to the
wide, wide, world of multinational
bailout Keynesianism!
25.07.98 Slorg's Shuttle to Ursa Major
That's right, after the wild unbelievable
success of Slorg's IPO and the sale of the entire tranche to pretty much
every single large mutual fund you can name, the quantum critter is currently
seated on the next
shuttle to the Ursa Major constellation and is enjoying a delectable,
foaming planth of C-N3-dextrose-polycarb (a.k.a. interstellar cappucino)
whilst a planetary-size chunk of iridium impacts those towering Wall Street
valuations at roughly 49,273 Earth-kilometers a second. All aboard for
the Bubble Bust of the Century!
22.08.97 Slorg's IPO
Your ticket to stock Nirvana! Slorg
has decided, in lieu of ongoing capitalization costs, to issue valuable
and expensive SlorgStock,
a bargain at a mere 268,927,936.9377 Galactic Credit-units apiece. The
money will be invested in a hot biotech startup called Simulated Life Organism
Research General, Ltd. (or S.L.O.R.G.-Inc.), which will consist of Slorg's
biochemical imprint, assorted ideaware and an untraceable Swiss bank account.
No-risk guarantee: in case of share price turbulence, Slorg will drive
a 140-parsec/hour Centauri warp-shuttle through the nearest black hole,
and emerge from a time-space bubble to buy back selected shares from our
subatomic fund before aforesaid turbulence ever happened. You can't go
wrong, and our price-to-earnings ratios, despite quasar-sized cash burn
and no assets, are still better than most of the S&P 500!
14.07.97 Operation S.C.A.M.
All the latest on how to befuddle,
bribe, avoid or generally appease Galactipol's multifarious Securities,
Commodities, and Assets Managers. Special topics: planet-hopping; interstellar
legal tricks; time-and-space-bubbling; reports from the field on the Stephen
J. Hawking/Bill Burroughs Subquantum Investment Fund and much,
much more (page scrambled to avoid SCAM-Slamhounds -- use mouse 'n
click to highlight text).