Tuesday, October 18, 2011

From 99 to 1

Well, after a very short time on the beach, it's time to head back to being gainfully employed.

While recently passing by Zucotti Park on the way to my new employer, I choked back the urge to tell them that I was likely in the midst of a transfer from the 99% "unemployed/screwed by Wall Street" back to the 1%.

Not long ago, I was stunned by the unanimity of the view the "Europe will only get worse." Now, I'm equally as amazed that only vague rumors of a 'bazooka' bailout are all that are needed to cause a huge rally. Unless and until dealer capital returns to the market, we can expect these market swings to become the norm.

So, this blog will now become dormant...until the next 'reduction in force."





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