The Battle Hymn Of The Stock Trader

Defying common sense, logic, real world economics, and increasing its own traditional reasons for rising and falling, the stock market of late has been irrationally exuberant to an unusually irrational extent. One can thus easily imagine that traders in this fun house now begin each day with their own fight song — one that goes like this:

The Battle Hymn Of The Stock Trader

Mine eyes once saw a NASDAQ to 5,000 did soar,
And it stayed there for an instant before plunging to the floor
If I live but long enough, it will rise to that once more,
The stock market marches on.

I have read of callow know-it-alls stampeding frothing buyers,
And listened as the talking heads joined in their upbeat choirs,
Then watched with growing horror as good analysts turned liars,
The stock market marches on.

Let the pessimists go soggy my resolve will never fail,
O’er the long term I know losers are the ones who just turn tail.
I will brush my teeth with champagne and eat lobster by the pail
The stock market marches on.

Glory, glory trading profits,
Glory, glory unearned profits,
Glory, glory cap gain profits.
And the market marches on.

Michael Silverstein’s latest book is The Devil’s Dictionary Of Wall Street.

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