Comments on: Light Travel Day http://www.ritholtz.com/blog/2008/11/light-travel-day/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 03:29:58 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: khyron4eva http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129714 khyron4eva Mon, 01 Dec 2008 07:36:53 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129714 Mike in NOLA: Love your city. Thought of retiring down there at some point. Miss a shrimp Po Boy. :( But I digress... Vegas baby! Love Vegas. Took advantage of some specials back in September before things got really stupid (the first bailout vote died the Monday before I left; was there for a week, Wed - Thu). I'd go back if I didn't have some upcoming travel to plan for. Looking forward to those being cheaper; thankfully its travel in early 2009. All: I'm not at all surprised to see more stories of driving. A friend of mine from Detroit, who now lives here outside of DC, drove back to DET for Thanksgiving. Going and coming, she reported wall-to-wall cars. I paid $1.65 for gas at Shell the other day (or was it Sunoco?). Probably $0.05 less if I'd gone to Costco but it was Thanksgiving day. I can't remember the last time I paid that little, but it was probably 2003. Of course, everyone keeps missing what this means long term for oil and gasoline prices. Guess what I plan to be long in about 6 months. Mannwich: Mainstream media does not CARE to be accurate, trustworthy or valuable. They don't care to provoke thought. That's not their mandate. So to even expect that is naive, IMO. Or maybe nostalgic. Keep the peasants distracted with entertainment - circuses and fights at the Coliseum. Ooops. Sorry. Wrong empire. What's the modern equivalent? The empire is collapsing, and I figure it has to be by design. Mike in NOLA:

Love your city. Thought of retiring down there at some point. Miss a shrimp Po Boy. :( But I digress…

Vegas baby! Love Vegas. Took advantage of some specials back in September before things got really stupid (the first bailout vote died the Monday before I left; was there for a week, Wed – Thu). I’d go back if I didn’t have some upcoming travel to plan for. Looking forward to those being cheaper; thankfully its travel in early 2009.

All:

I’m not at all surprised to see more stories of driving. A friend of mine from Detroit, who now lives here outside of DC, drove back to DET for Thanksgiving. Going and coming, she reported wall-to-wall cars. I paid $1.65 for gas at Shell the other day (or was it Sunoco?). Probably $0.05 less if I’d gone to Costco but it was Thanksgiving day. I can’t remember the last time I paid that little, but it was probably 2003.

Of course, everyone keeps missing what this means long term for oil and gasoline prices. Guess what I plan to be long in about 6 months.

Mannwich:

Mainstream media does not CARE to be accurate, trustworthy or valuable. They don’t care to provoke thought. That’s not their mandate. So to even expect that is naive, IMO. Or maybe nostalgic. Keep the peasants distracted with entertainment – circuses and fights at the Coliseum. Ooops. Sorry. Wrong empire. What’s the modern equivalent?

The empire is collapsing, and I figure it has to be by design.

]]> By: Arthur http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129608 Arthur Sun, 30 Nov 2008 18:58:58 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129608 re the media, the Colorado farm and that 2008-style buffet 40,000 folks unexpectedly showed up for: it was covered on CNN. I'm no apologist for mainstream media but they were on it. re the media, the Colorado farm and that 2008-style buffet 40,000 folks unexpectedly showed up for: it was covered on CNN. I’m no apologist for mainstream media but they were on it.

]]> By: sunset_shazz http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129593 sunset_shazz Sun, 30 Nov 2008 18:03:19 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129593 San Francisco is typically empty around this time of year, as most people leave town to visit family. This year, plenty of traffic; most people seem to have stayed home. San Francisco is typically empty around this time of year, as most people leave town to visit family. This year, plenty of traffic; most people seem to have stayed home.

]]> By: jakester http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129518 jakester Sun, 30 Nov 2008 01:23:38 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129518 similar observations noted on other boards as well. significantly lighter Turkey Day air and road traffic then observed even just after 9/11, fairly robust Black Friday namely due to severe markdowns but so far, Saturday has shown ghost town malls across major vicinities in the US. From a trading perspective, even though we could still be sitting on the verge of a counter-trend rally, all economic signs are still pointing to the early stages of depression in my view. The news should still get worse but even stocks can rally for a while in a secular bear market. similar observations noted on other boards as well. significantly lighter Turkey Day air and road traffic then observed even just after 9/11, fairly robust Black Friday namely due to severe markdowns but so far, Saturday has shown ghost town malls across major vicinities in the US. From a trading perspective, even though we could still be sitting on the verge of a counter-trend rally, all economic signs are still pointing to the early stages of depression in my view. The news should still get worse but even stocks can rally for a while in a secular bear market.

]]> By: jason http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129296 jason Fri, 28 Nov 2008 14:59:50 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129296 My Mother-in-Law flew from South Texas to SF Bay Area to visit us on. Her flight was on Wednesday. She said she was very surprised by the lack of lines and people at the airport. My Mother-in-Law flew from South Texas to SF Bay Area to visit us on. Her flight was on Wednesday. She said she was very surprised by the lack of lines and people at the airport.

]]> By: Bruce in Tn http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129295 Bruce in Tn Fri, 28 Nov 2008 14:58:07 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129295 Mike in NO: My wife and kids loved the two years we lived in NO...long before Katrina. At that time we were poor, and used to go to the mom and pop cafes along Lake Ponchatrain. Great food, low cost, and I got hooked on soft shell crab. We lived in Metarie, and bought our seafood from a little shop close to Veteran's avenue... I also miss the true NO style Po-boys and mufellettas... Mike in NO:

My wife and kids loved the two years we lived in NO…long before Katrina. At that time we were poor, and used to go to the mom and pop cafes along Lake Ponchatrain. Great food, low cost, and I got hooked on soft shell crab. We lived in Metarie, and bought our seafood from a little shop close to Veteran’s avenue… I also miss the true NO style Po-boys and mufellettas…

]]> By: Mannwich http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129293 Mannwich Fri, 28 Nov 2008 14:53:03 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129293 Whoops, how could I forget to mention this? The restaurant where we ate Turkey Day dinner was offering a free $50 gift card with the purchase of a $100 gift card or $25 card with purchase of a $50 card. Pretty good deal. We snapped up the $100/$50 and plan to give at least one away as a gift. Whoops, how could I forget to mention this? The restaurant where we ate Turkey Day dinner was offering a free $50 gift card with the purchase of a $100 gift card or $25 card with purchase of a $50 card. Pretty good deal. We snapped up the $100/$50 and plan to give at least one away as a gift.

]]> By: Boomer108 http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129290 Boomer108 Fri, 28 Nov 2008 14:28:13 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129290 Three thoughts: On holiday travel: (in addition to post above) My sister was going to go to Chicago to visit our parents - didn't get tix when she learned it would be $2000 for her family to travel. So air fares may have had something to do with it, as well. On the elitism of the media: Two household-name evening newscasters' kids go to my childrens' schools here in Manhattan. A local nightly news guy does, as well. Plus a senior reporter for the WSJ. So that gives you a feel for the backgrounds we're dealing with here. On investing ideas: Would love an open thread, Barry! Three thoughts:
On holiday travel: (in addition to post above) My sister was going to go to Chicago to visit our parents – didn’t get tix when she learned it would be $2000 for her family to travel. So air fares may have had something to do with it, as well.

On the elitism of the media: Two household-name evening newscasters’ kids go to my childrens’ schools here in Manhattan. A local nightly news guy does, as well. Plus a senior reporter for the WSJ. So that gives you a feel for the backgrounds we’re dealing with here.

On investing ideas: Would love an open thread, Barry!

]]> By: Mark E Hoffer http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129289 Mark E Hoffer Fri, 28 Nov 2008 14:21:27 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129289 Mike, no good food in Houston? do you mean NOLA-style, or just good food? one of the great things about HOU, to me, is that if you don't like the country you're in, try the next block..the place has enclaves of ethnicities from many parts of the World.. btw, as I mentioned to you before, if you need Furniture in HOU, check the Yellow Pages~ Mike,

no good food in Houston? do you mean NOLA-style, or just good food? one of the great things about HOU, to me, is that if you don’t like the country you’re in, try the next block..the place has enclaves of ethnicities from many parts of the World..

btw, as I mentioned to you before, if you need Furniture in HOU, check the Yellow Pages~

]]> By: Mike in Nola http://www.ritholtz.com/blog/2008/11/light-travel-day/comment-page-1/#comment-129285 Mike in Nola Fri, 28 Nov 2008 13:32:44 +0000 http://www.ritholtz.com/blog/?p=11213#comment-129285 kfunck1: My move from NOLA to HOU will be permanent soon. Ursuline nuns are buying our house. When I'm over here in Houston, the nola.com site is pretty discouraging. While good food is much harder to find here, my wife likes not having to be scared every place she goes by herself, even though we are not in the burbs. kfunck1:

My move from NOLA to HOU will be permanent soon. Ursuline nuns are buying our house. When I’m over here in Houston, the nola.com site is pretty discouraging. While good food is much harder to find here, my wife likes not having to be scared every place she goes by herself, even though we are not in the burbs.

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