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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCrowds Of Stock Traders Gather At Weeping Statue Of Wall Street Bull
Hailing the phenomenon as a genuine economic miracle, droves of investors and financial professionals continued flocking to the Charging Bull statue in Lower Manhattan this week to see the tears reportedly flowing from its eyes.
Shortly after the closing bell on October 14, when the S&P 500 fell below 2,000, witnesses reported seeing droplets of moisture trailing from the eyes of the Wall Street icon, an event many among the faithful believe is no mere coincidence. Ever since, a steady stream of awestruck traders and financial executives have been observed making the trek down Broadway to Bowling Green Park, where they can touch the 7,000-pound sculptures horns and beseech it to grant them a profitable IPO, merger, or tax inversion.
I came to stand in the presence of this wondrous miracle, said Mark Cadwell, manager of the $625 million hedge fund Polestar Overseas, humbly placing a sovereign bond prospectus before the weeping bull and calling upon it to raise the credit rating from BBB+ to A-. My faith in free enterprise had been shaken deeply by the slowing growth in emerging markets, and I felt hopeless and lost. But as I submitted myself before this sacred figure, my mind opened to the vast possibilities of investing in distressed debt and inverse ETFs, and my belief in our economic system was fully restored. In its eternal wisdom, I have been reborn.
Added Cadwell, Praise be unto open markets!
http://www.theonion.com/article/crowds-stock-traders-gather-weeping-statue-wall-st-51977
LakeVermilion
(1,041 posts)dhill926
(16,339 posts)leftyladyfrommo
(18,868 posts)They always hit so close to home.
hifiguy
(33,688 posts)it's still a good excuse to post one of my favorite pictures of the last 15 years
malaise
(269,004 posts)You stole my post
hifiguy
(33,688 posts)but then the killjoys always have to finish the quote with "but fools seldom differ."
pinboy3niner
(53,339 posts)--Caption on a cartoon I saw long ago.
MrMickeysMom
(20,453 posts)Visit Max Keiser's Financial Scandelous website and scroll down, I hope the song that goes along with that sign is still playable.
You'll laugh... but don't post it here, or the thought police will think ill of you!
hifiguy
(33,688 posts)for "jump you fuckers" - I saw it when I searched for this pic. It's still alive and kicking.