The big names like Sean Landers, Jeff Koons, and Damien Hirst could be considered the Bear Stearns, Wamu, and Lehman Brothers.
Or maybe it could be thought of as Gagosian, Deitch Projects, and Mary Boone gallery are the Bear Stearns, Wamu, and Lehman.
Maybe Jeff Koons is more like Ford.
Too Big to fail.
You could think of the mid level artists such as Tom Friedman, Kehinde Wiley, and Vic Muniz as Citigroup, Fannie Mae, and AIG.
You could think of the gallery artists that you went to school with including Dana Shutz as penny stocks.
Where he didn’t correct punctuation, grammatical or spelling errors…
Consider this when reading my blog
I am starting to get addicted already and like how the buddhist monks needed to learn kung fu to keep their bodies fit so they could meditated for long hours the Artists Trading Stocks need to be fit.
The Wii fit works you out and you will feel sore the next day but it actually feels like you are having fun while you do it.
You can’t get them in stores right now though.
That is why I am still thinking about buying Nintendo Stock.
The longer you wait the less the money is worth and the more the car manufacturers will be in debt.
I say congress gives them a 100 Billion dollars, so that the car companies not only are bailed out but they also have plenty of extra capital to make really interesting cars.
You can’t get mad at the ocean for being the ocean. There will be large and small waves, rip currents, sharks, dolphins, Jelly fish, and seaweed.
You should just make sure you know how to swim before you get in past your knees.
And today there is a storm out at sea creating some really big waves.
How can something like the stock market feel the effects of gravity? The stock market has no matter.
In the Bear market we are in, the gravitational force pulling the market down is more like that of Jupiter. Jupiter has 3.5 times as much gravitational pull as the Earth.
I always wondered why they don’t take Richard Prince to the moon or some other contemporary artist. Well I wouldn’t say I always wondered that I actually just thought of it. What would they paint. Would they pretend that they don’t see the Earth and everything is in their head. Would they have theories. Would they paint lunar scape paintings. Would it be ironic. Would it tell us more about the moon or us.
Anyway, for the stocks to take off they will need a lot of force more force than it takes to get the space shuttle into orbit. But,if it does get off the planet it will soar but chances are it won’t for now..
The reason I am re-posting this earlier blog is because it was a metaphor about the imaginary temporary bottom and temporary top of this market…
When I posted it the Shorts were trying to push to the bottom of the market and take over the Good Guys fort. They were temporarily defeated though and the front has been pushed back up to the Shorts stronghold territory (9000-9500)
Well times have changed and now the Good Guys are trying to take over the Shorts fort. If they win it will push the market higher and the Shorts will have to retreat for a little. But the shorts will defend hard and if they hold off the push higher by the Good Guys and they defend their 9500 fort they will push the Good Guys back to their 7500 fort and retest it.
I really don’t think the shorts are the bad guys or that the Good Guys are the good guys but I like the names.
I mean If you name a sports team the Good Guys and they play dirty that doesn’t mean just because their name is The Good Guys that they are really good.
That is how artists think.
Anway back to the war story.
There are two forts seperated by a distance of about 2000ft (points). The Shorts fort is called 9500 and the Good Guys fort is called 7500. Now when the Shorts get close to 7500, the Good Guys really start pushing. And in contrast the Shorts push even harder. The Shorts know they are close to the fort and that a lot of men, women, animals, and children will be lost (in this war everyone fights) but they push harder because if they break the wall down they will be able to conquer more land. Now the problem for the Shorts is that when the shorts get close to the 7500 fort the Good Guys really really push hard and they have the upper hand so they kill off many more of the Shorts. The Shorts fight hard and they push the Good Guys back more than is comfortable. But the Shorts are suffering huge losses and many of them start retreating. The Shorts start to scream and yell and spread rumors that they are winning but they know they should retreat and get ready to defend their fort.
The Good Guys feel good about their defense and they push the Shorts slowly back to their 9500 fort. On the way there is less resistance and some small battles but in the end the Shorts will be the ones defending soon. The Shorts have the same thing at stake and they need to get back to their fort where will have the advantage of their fort’s defenses.
Back at fort 9500 the Shorts use their advantage and they will fight and fight and a lot of Good Guys will be killed and injured and run for the hills in fear. But they know if they push down the wall at 9500 they will win for the time being.
Ok first off this is just a theory and highly speculative but saying that I also feel this theory may actually confirm I am a genius.(Ok that maybe a bit much but isn’t that what artists really still want to be)
What were these banks thinking giving over $5000 in student loans to Art School Students let alone over $50,000? That is besides the point for now…and should be blogged about later.
THE MARK BILLY STUDENT LOAN PAYMENT PLAN
Anyway what you do is you take the banks stock weakness right now and use it against them.
My art student loans are in Citigroup(C) so I looked at their 52 week low which was $3.05 a share and then I looked at their 52 week high which is at $35.29 a share and I started thinking.
How much money would it take me to invest in Citigroup at it’s 52 week low to pay off my student loans if Citigroup goes back up to it’s 52 week high?
The answer is if I buy 2000 shares of Citigroup at $3.05 a share it will cost me $6100.
IF and this is a huge if Citigroup goes back up to it’s 52 week high of $35.29 I will have $70,580. That would exceed the amount of money needed to pay off my student loans…
I know I know this is genius but you may be thinking yeah but you could lose it all.
That is totally true the worst case scenario is that you lose $6000 and my theory is wrong..
Before you go out and do this know that Citigroup stock is at around $8 right now but this theory could work if the stock price goes back down…
Also note that the way things are it may take 10 years for Citigroup to reach that 52 week high if it ever does.
Another thing this theory is in a bubble where taxes don’t exist.
This is frustrating because you want the market to go up enough so that you can sell something and feel good for a moment.
What happens though is you will find a good price for some stock that you like and you will buy it thinking there is no way this thing could go lower and it does. It goes way lower and you are thinking I should have just waited to buy but then it goes up. But it only goes up to a little over the price you bought it in the first place so it isn’t even worth selling but it annoys you because you have seen it go significantly lower.
The point is is you might as well just cost average in slowly over the next year and have like a million shares of something and then go out and live life and hope the world doesn’t come to an end and then check your stock in 5 years and sell it and smile.