Illusion of Prosperity Disgrace

Nortel files for bankruptcy protection, shares plunge

Shares of Nortel plunged more than 76 percent to 7.5 cents in electronic pre-market trading on Wednesday. The TSX said it was reviewing the stock for possible delisting.

This blog heckled Nortel yesterday.

Nortel vs. Jones Soda

Did it mention that shorting a 32 cent stock would have been a good idea? No. At the time it was felt that 32 cents was already fairly cheap. In hindsight, would you have made a lot of money shorting it anyway? Yes.

There can be only one explanation. The Illusion of Prosperity blog is once again packed with excessive optimism. Stagflationary Mark clearly strives to be the next Larry Kudlow. It is an absolute disgrace. The blog was founded on the idea of heckling excessive optimism, not participating in it.

Steps are being taken to see that it does not happen again. The board has verbally reprimanded Stagflationary Mark and postponed his annual bonus 24 hours. No additional parking privileges past what he already has will be granted, without careful review. Access to the blog's vast fleet of corporate jets for personal use will generally not be allowed without 15 minutes advanced notice. 10% of the blog's personal massage therapists will be fired, 10% relocated to permanent duty aboard the corporate jets, and the remaining 80% will be outsourced to a small private exotic beach in the Bahamas (conveniently located near a small private airport).

We feel that these steps will lead us to a much more prosperous blog in the future. Thanks to these new changes, we are confident that we can boost the blog's revenues, income, and dividends 1000% over the next 10 years (from zero dollars this year to an astounding ZERO DOLLARS in 2019). Thank you for your continued support during these troubling times.