The big Funds and Institutions, the Exchanges, the Brokerage Firms, the Investment Bankers, the Commercial Banks and Venture Capitalists as well as Main Street all maneuver for a share of what they deem to be an appropriate piece of the action.
The Financier
Oh Wall Street’s e'er a Place of Dreams,
Men, Fortunes, chase, though Ponzi Schemes;
So Brok'rage Firms court Bonds and Stocks,
Then Margin call or short the Box.
The Dow is down; the NASDAQ’s up,
How much to fill a Yuppie's Cup?
Most Pension Funds will make you rich,
'Diversify!'... the Salesman's Pitch.
Investment Bankers dare not wish:
'Red Herrings smell like rotten Fish!'
Prospectuses or Prospecti,
Just read them well, before you buy!
Choose IPO's and Mergers, bold,
Use Alchemy, turn Lead to Gold;
Yet Brokers yell, must tout their Wares,
Let Transfer Agents shell out Shares.
Top Analysts will pick and choose,
Flip-flop Positions; never lose;
It matters not if you do well,
So long as we still buy or sell!
From Boiler Rooms to Trading Floor,
Wild Rumors fly; the Prices soar;
Portfolios were made to churn,
For ev'ry Trade, Commissions, earn.
Hot Puts and Calls, could test one's Luck;
Commodities, all make a Buck,
If Dot.coms' Zest, should fall apart;
Delisted Firms, would break your Heart!
Cold Corp'rate Raiders take an Aim,
Spend Megabucks but win the Game;
To hedge against a pending Crash,
Be sure you hold unending Cash.
While Bulls and Bears, become Bigwigs,
It’s Greed, alone, that slaughters Pigs;
As you divest, you'll need your Brains,
Lest Taxes eat, the short-term Gains.
When Greenspan speaks, the World abides,
Rates, Int'rest, mean, can spate the Tides;
In Market Peaks or odd Declines,
Great God, I hate, 1099’s!
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© Howard B. Eskin 2000