Market Flash: Market Down

Breakfast Bites: With a lack of news today and my lack of ability to rephrase news about the fiscal cliff, I thought I would include a poem updated annually by the legendary Head of Floor Operations for UBS Arthur Cashin.....enjoy and Happy Holidays!


‘Tis the day before Christmas

and at each brokerage house


The only thing stirring

was the click of a mouse


Down on the Exchange

the tape inches along

Brokers bargained and traded

as they hummed an old song


The Fed struggled and twisted

but few jobs did appear

They'll keep pushing that button

we'll have QE all year


In sports it was Giants

from East Coast and West

Who stunned fans and detractors

to prove they were best


The Mayans once told us

this would be the last year

But they miscalculated

for it seems we're still here


Lady Gaga bulked up

Honey Boo Boo appeared

Our public taste levels

may be worse than we feared


A cruise ship keeled over

in seas that were mild

There was also some good news

Princess Kate is with child


At the movie box office

Hunger Games was a smash

Lindsey can't seem to help it

she's still doing things rash


There was flooding and riots

they brought little to cheer

But it’s Christmastime, Alice

and Santa is near


So stop looking backwards

have a cup of good cheer

And kiss you a loved one

raise your hopes for next year


And amidst all the trading

Christmas themes we will heed

And share our good fortune

with families in need


And Monday they’ll pause

as we wait on the bell

To sing a tradition

a song for old “Nell”


Don’t let this year’s problems

impede Christmas Cheer

Resolve to be happy

throughout the New Year


And resist ye Grinch feelings

let joy never stop

Put the bad at the bottom

keep the good on the top


So count up your blessings

along with your worth

You’re still living here

in the best place on earth


And think ye of wonders

that light children's eyes

And hope Santa will bring you

that Christmas surprise


So play ye a carol

by Mario Lanza


Unless you are waiting

to celebrate Kwanzaa



Hanukkah’s just ended

and Ramadan’s gone

Different folks, different holidays

yet each spirit lives on


Whatever your feast is

we hope you all still

Find yourself just surrounded

by folks of goodwill


Monday, as the bell rings

hark to your heart’s call

And as Santa would shout

Merry Christmas to All!