This is bull!
The Wall Street Bull, and, yes, that’s me, taking it by the horns — and hoping it doesn’t turn into a bear mid-bonding.
Bull's...eye
How many times have we heard of it, saw it, fondled its rump? And how many of those times have we been silently comforted by its immutable bulk signaling these few city blocks’ importance to the global markets?
Not so much these days. The much-touted Stimulus Bill is finally signed into law – and yet, as the stocks are at their lowest in the last 6 years, the oil is unexpectedly up, dollar back in its nosedive, and unemployment benefits hovering at 5 million claims, give or take, the public, according to an Associated Press – GfK poll, is growing increasingly concerned about losing jobs, not having enough money to pay the bills, and seeing their retirement accounts shrink.
Small wonder then, that NYC is a global economic capital no longer. According to the leading experts, the bulk of stock trading is slowly but surely trickling out of Wall Street to pool in London, Tokyo, Hong Kong. The best in the foreign currency exchange have for a long time now been found during London trading. Some of it is attributable to our current economic chaos, but given many first-world countries suffering the same, it would be merely a pat response, not an altogether true one.
More, the same experts predict that even once US economy stabilizes, Wall Street bull shouldn’t count on resuming the lead. Best it could hope for is remaining competitive in the herd of its fast-emerging contenders. An anathema to its entrenched, comfortable mindset — but one, perhaps, that would spur it on. Horses are said to do marvelously under a whip. Does the same hold true for bovines?
PS. Just so we’re clear, if I saw whipping happen in my immediate vicinity to a non-metal beast, the rider had better have a substitute at home, because the one I’ll be getting my hands on will be SO getting broken.
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