To: Simon who wrote (10785 ) 12/10/1997 10:22:00 PM From: Elllk Read Replies (2) | Respond to
Agreed Simon. THE BULL IS DEAD. But what a glorious bull it was. The Lilliputian fund mangagers and spin doctors of Wall Street rode it to the promised land. But it wasn't enough that like a great thoroughbread it carried them to something like a Triple Crown victory culminating in winning the Belmont Stakes. No, instead of being thankful and giving it time to recover they had to push it to the equivalent of running one week after the Belmont. And, nevertheless, what a show it put on (being driven way beyond the initial reasonable rally in early November), running on pure adrenaline with cracked hooves and broken ankles, bleeding profusely from the lacerations of the whips of innumerable fund managers and goaded by the outrageous demands of the spin meisters, it was driven to exhaustion. For what? To lock in record Wall Street bonuses for 1997. That has been the modus operandi of the past three weeks. Lock in bonuses they could retire on if need be. It is basically now done. And for the past three weeks the Lilliputians of Wall Street have given no thought to anything but that. No conspiracy alleged here, just a tilt of the landscape in which some propitious circumstances (for the Lilliputians) combined to lend themselves to the service of another notable moment in the history of greed. Worry about next year and all the people with pension funds in the market, etc., next year. We have ours now "and they can't take that away from"...us. Well, Mel Brooks as the 2001 year old man was asked if there were national anthems in cave man days and replied yes and gave an example "Hooray for Cave 54 and all the rest can go to hell." The Lilliputians of Wall Street have just sung this song and, at the same time, have killed the gallant bull they rode for years, in exchange for record bonuses NOW.
