The financial capital of the world is New York City. Although it truly is a global economy today, The New York Stock Exchange still seems to be at the hub.

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