These markets are here to make you feel foolish…

The markets of late have me reminiscing about the financial crisis of 2008-09. The office had CNBC streaming 24/7 on the trading floor, and you couldn’t take your eyes off the screen.

Watching protestors—who were actually just down the street—in Zuccotti Park, where hundreds of Occupiers from the Occupy Wall Street movement were camped out.

(Darkly) joking with colleagues that we’d soon be seeing CNBC cameras trained on Citi’s front door at 388 Greenwich St as colleagues carry out cardboard boxes in tears.

Hearing Art Cashin say in January 2009, at the very bottom of the market, “the end of the world is priced into these stocks.”

And then…and, then…there was this:

I’m just trying to be the voice of reason, guiding you to the light.

—Jeff Macke, CBNC

You sure tried, Jeff.

Published by Ken Walker

Husband, Father, Analyst. In a glass case of emotion since 1978.

%d bloggers like this: