Eugene David
...The One-Minute Pundit

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THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.

THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.

THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.

THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.

PERMALINKS:

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Monday, October 24, 2005

Posted 1:22 PM by Gene

If there's any consolation TULIPMANIA won't last forever. We forget PEOPLE WARNER was once worth OVER $350 BILLION. eBay was at about $60 at the start of the year, insuperable -- then it missed a target by a penny (or something) and the stock went to $32 in April and it hasn't fully recovered since; it's selling not too far above its high for 2000. We talk of BILL'S BUGDOM; from its idiotic height of $60 in 2000 it went straight to $20 in a year and it's barely budged out of a range since. Who can forget YAHOO!, which was almost as sexy as the CIA from MOUNTAIN VIEW? I wouldn't be surprised if this stock quadruples -- WALL STREET is capable of ANY EVIL -- but the first time it misses a target by so much as a micrometer the fans will head screaming for the exits. The one bothersome thing is that TULIPMANIA will become so absurdly priced it will make BILL'S BUGDOM look like a BARGAIN.

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