Something NOT to laugh about

List of Biggest Two-Day Dow Advances: New Entry

from Paul Kedrosky's Infectious Greed by pk

In case you were thinking "Good, this has been a huge two-day advance in the Dow", you're right. It has been a huge two-day advance in the Dow index. Here is the top fifteen list of all-time two-day advances in the index, including today. Today is highlighted in dark yellow, and note that every entry above it, except one, came during the Great Depression.

Note that until the Dow lost 200 points in the closing minutes of trading, we were up more than 13% over the two days, which had us in the top ten. Nevertheless, the point stands.

Something to Laugh About

The original link VENTURE CAPITALISTS INVEST IN SOMALI PIRATES

VENTURE capitalists in New York and London are pumping millions of dollars into Somalia's booming pirate sector.

Personnel issues are now dealt with via mentoring and third-party arbitration

The sharp-eyed investors say Indian Ocean piracy has replaced Bangladeshi t-shirt factories as the developing world's strongest source of high-growth revenue streams.

Julian Cook, head of strategy at Porter, Pinkney and Turner (PPT), said: "The margins are very impressive. These guys can board a Chinese freighter or Saudi oil tanker and turn it around in less than a week. Usually without killing anyone.

"The staff are well-trained and they operate a structured bonus system involving the daughters of nomadic tribal chiefs and as much hallucinogenic tree bark as they can eat.

"The tax position is also very favourable given that Somalia isn't really what you would describe as a 'country' with 'laws' and a 'government'."

PPT has paid £25.7 million for a 32% stake in Captain Ahmed's Crazee Bastards with the initial tranche used for capital purchases including new speed boats, 200 yards of very strong rope and a gun the size of a cow.

The investment will also be used to establish an out-sourced personnel department to ensure the quick replacement of any colleagues shot by the Royal Navy during working hours.

Captain Ahmed will retain day-to-day management control and has also negotiated a clause allowing him to go 'ape crazee' and shoot everyone on board up to three times a year.

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