"You try to be greedy when others are fearful, and fearful when others are greedy." Warren Buffett

$$ NYSE Daily Dollar Volume and Closing Prices

Last updated Feb 26th.

Prices are creeping up on about the same dollar volume.

Click to enlarge
nyse-volume

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The Hair Cut

One day a florist went to a barber for a haircut. After the cut, he asked about his bill, and the barber replied, ‘I cannot accept money from you, I’m doing community service this week.’ The florist was pleased and left the shop.

When the barber went to open his shop the next morning, there was a ‘thank you’ card and a dozen roses waiting for him at his door.

Later, a cop comes in for a haircut, and when he tries to pay his bill, the barber again replied, ‘I cannot accept money from you I’m doing community service this week.’ The cop was happy and left the shop.

The next morning when the barber went to open for the day he found a ‘thank you’ card and a dozen donuts waiting for him at his door. ( :) )

Then a Congressman came in for a haircut, and when he went to pay his bill, the barber again replied, ‘I cannot accept money from you. I’m doing community service this week.’ The Congressman was very happy and left the shop.

The next morning, when the barber went to open up, there were a dozen Congressmen lined up waiting for a free haircut.

And that, my friends, illustrates the fundamental difference between the citizens of our country and the politicians who run it.

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More on the New Economy

This idea is now going mainstream. Away from industrial economy, toward “virtual” or “intangible” economy, “idea” economy? You get the idea.

According to a $2.2 million University of Toronto study, the world is undergoing a profound shift from an industrial economy to an idea-driven, creative one. To prosper in this new climate, the study’s authors maintain, we must boost the creative content of all work in all our industries.

Source: Reader’s Digest Canada

More on this topic (What's this?)
The Autism - Environment Link
Read more on Industrial Equipment & Components, Investing in Canada at Wikinvest
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Economy of the Future

I wanted to share a couple of blogs I follow:

Copyright Alliance, latest post

New Rules for the New Economy, latest post

The last one there is especially interesting. The author wrote a book in 1998 predicting the move towards network economy we’re experiencing now.

It’s all coming true. Maybe the old economy will die and we’ll still be kind of alright. We’ll just sell ebooks, stocks and advice to each other and make a living that way. Corporations will for the most part take care of growing GMO and cloned food and building cardboard homes.

Meant as a joke, I’m not sad, depressed or anything. Maybe just a little tired.

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My Twitter Updates for 2010-02-19

  • Lunch break, guessing the close $SPY $110.50, I bet you two bucks #
  • Cute ☺ — RT @ColemanMichael Today's a gift, that's why we call it the present :-) #
  • Love the tune, thx for posting! — @ilove_peterburg Laid Back − Blue Lagoon #

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