Thursday, March 26, 2009

Tough Love

You know, in all the scramble to pull the country's collective nuts out of the fire, I constantly hear this chatter about how Wall Street is responding. How did Wall St. react? Did they rebound? What's the temperature on Street? Like we're doing everything possible to get these poor delicate flowers back on their trembling stems.

Bull. They're not petite flowers. They're gamblers. They gamble for a living. Some gamblers blow 10 bucks on scratcher tickets. And some would sell their granny to put $1000 on the nose of Run Forrest Run in the 8th. And the people who got us into this financial mess are the second kind. They're no better than some guy in a leisure suit raining flop sweat all over a craps table in Reno.

And they've all got a system. They've all got a sure thing. And if you give them your life's savings, they're going to quadruple it for you. It's a dead cert. But it's not a certainty. If it's guranteed, it's not gambling. Or the stock market.

And if there's one thing that I've learned after obsessive viewing of Intervention on A&E, it's never trust a junky. Whether it's pills, ponies or penny stocks, junky behavior is junky behavior. And eventually you're gonna catch them with their hands in your purse.

And what's going on right now? Oh, yeah. Wall St. has its hand in my purse.

2 comments:

WashingtonGardener said...

EXACTLY -- What is so messed about this system is it is run by a bunch of aging frat boys on one long drinking binge - pathetic and even worse that the media panders to them.

FirePhrase said...

Even worse than the media sucking up to Wall Street is the way listed companies run themselves into the ground for stock price. Layoff people, don't invest in technology, don't spend money on research and development, all in order to artificially inflate your bottom line to look pretty for Wall Street, and, not coincidentally, run your company into the ground. It's corporate anorexia.

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