Sep

16

I saw a great true documentary on the Discovery channel a few weeks back and it seemed to have some market lessons. It was unique in that there was actual film footage of an accident taken by the passengers/victims themselves.

It started out innocently enough with 22 tourists going on a sunset whale watching cruise on a double deck 60 foot sightseeing boat. The sky was ever so slightly overcast with slight rain. The 22 passenger/tourists were filming themselves and showing their excitement. A few in passing mentioned the weather with one man saying to his beautiful wife maybe we shouldn’t go, I am a bit nervous. The sexy wife said, oh stop worrying (sexy broker offering some stock in a slightly down market?). The captain now exits and gives a small speech and says, oh don’t worry about the weather, I have been doing this for 35 years (your broker saying great market buy any dips and don’t worry), enjoy your sightseeing trip and whales. Now the film footage shows the excited people on board looking forward to seeing the whales as the sun sets.

Unfortunately the whales hang out by an island where the seals hang out and where the great whites also hang out. The weather unexpectedly became a bit worse, the captain made an error and a black swan ensued whereby the boat overturned–all of this was filmed by various passengers. Most of them fell into the water and were panicked. They stuck together for some time and then one had his leg taken off by a great white and the ocean filled with blood attracting a feeding frenzy of great whites, which the experts commented happens 100% of the time. But something happened that the experts have never observed-all of the great whites left the area to make room for the boss a 35 foot great white who had the entire feeding ground for himself (like the markets making way for a great whale, central bank or the like?).

This great white ate the woman who told her husband not to worry as she clung to a giant buoy (actual footage showed this gruesome scene). Even now with coast guard helicopters above, the currents became to strong and people were drifting away. They were close to rescuing 1 chap but were 1 minute too slow as the same great white took him. All told, 3 people were killed and many injured. Sometimes you just don’t know when the markets will do something completely unaccounted for or unexpected in ways that no one imagined.


Comments

Name

Email

Website

Speak your mind

2 Comments so far

  1. Andrew on September 16, 2014 4:00 pm

    The other market lesson hides in what is real and what is fake. The documentary was a fake. The same way that the Discovery Channel is a fake.

  2. Mark Johnson VIP Sales White Glove Moving on September 16, 2014 4:37 pm

    I’m not so sure. The facts remain that the actual film footage and the deaths of several people, one of which while the Coast Guard was overhead would argue against this.
    The main objection seemed to be that some folks disagreed that there was a 35 foot great white.
    The shark experts noted that the several great white sharks left the feeding grounds as a large one entered. This may not have been the “submarine” shark, however by all accounts the entire cruise was a black swan.
    We can argue about which shark did the eating, however for the people involved none of the aforementioned really matters.
    I guess its like the market crashing 12% in one day and then the experts arguing about who or what caused it to happen. If you are in the unfortunate position of being in the market at the wrong time, the cause or the fact that It rebounded won’t help the pain or sorrow that one feels after losing a bundle. Certainly the folks on that sightseeing cruise life will not be the same. Just my opinion after watching and then reading the various accounts.

Archives

Resources & Links

Search