Skip to content, or skip to search.

Skip to content, or skip to search.

Cameo: The Bad News Bear

ShareThis

Rationally, we knew the bear was merely hibernating -- that at any moment, he could come crashing through Wall Street as if in a Kool-Aid commercial. Sure, we thought that he'd be roused by a seismic event -- like, say, any of the catastrophic economic collapses of the past couple of years -- and not by the idle mumblings of a lone Prudential analyst. But the bear chose late July to awaken, and it made for surprisingly good summer entertainment. For though the stock market's recent high-seas act may have masters of the universe sleeping fitfully, the little people of the world took comfort in the safety lessons of their Boy Scout days. Keep your wits about you. No sudden movements. Go about your business; the bear will go back into the woods. They knew not to panic. They knew he was really just a cub. Besides which, they knew their mutual funds were fully hedged.


Related:

Advertising
Current Issue
Subscribe to New York
Subscribe

Give a Gift

Advertising