When you fail, it is my deep-hearted belief that you must dust yourself off and get back up. No matter how hard the fall, if your still breathing get up and do battle.
That is what Wall St must do. We live in an unprecedented era of capitalism, which leads to financial instruments that are so complicated that sometimes even the people who created them fail to understand them at their most complex state.
Mammoth corporations dating back over a century find themselves starring in the depths of the abyss, being reminded that once beloved institutions become an afterthought in today’s markets.
Companies are born, and companies are destroyed in a blink of an eye. If you are left holding the bag, get up and find a new bag to hold, and hope that it it doesn’t occur twice.
Deep in the canyons of Wall St there are no feelings, just dollar signs. Markets change and evolve and one day soon the markets will turn and rebound. Stocks will one day find their groove and the economy will get back on track.
Until then the markets will do what they do best–instill fear and greed into all participants.
And that’s why its the greatest game in the world!
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