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!