Since the mood has been so somber lately, I thought a feeble attempt at a humourous interlude might be the best way to close off the day.
Envision Bernanke, Paulson et al in a recent meeting using the words of various poets such as Tennyson, Eliot, Lear.
B (Bernanke) P (Paulson) GW (Bush) GT (Gartman)
B: “Sunset and the evening star,
And one clear call for me
And may there be no moaning of the (gold) bar
When I put paper out to sea”
P: “Let s go then, you and I,
When the markets are spread out against the sky,
Like a patient etherized upon a table”
B: “But such a tide as moving seems asleep
To full for sound and foam,
Let’s wave a lot and make some noise,
And paper every home.”
P: “Let us go through half-deserted streets….
Of subprime tempted treats,
Streets that follow like a tedious argument
Of insidious intent.”
While GW mused to himself:
“They sailed away in a sieve they did,
In a sieve they went to sea,
The water soon came in, it did;
The water it soon came in.
So, to keep them dry, they wrapped their feet,
In fiat paper all folded neat.”
GT: “Much have I travelled in the realms of gold,
And many goodly states and kingdoms seen.
But I’ve been stopped out when I was too bold,
And my inside tips were not quite clean.”