AP Images/ Mary Altaffer
Art Cashin and the NYSE traders.
- Art Cashin, director of floor operations at UBS, sent out his annual Christmas poem.
- The poem recaps the year's financial, political, and arts highlights.
Legendary New York Stock Exchange floor trader and director of floor operations for UBS Art Cashin just published his annual Wall Street Christmas poem.
As usual, he mentioned some of the year's financial highlights such as the trade wars and tariffs, as well as the dilemmas of iconic American companies Sears and General Electric.
He also mourned a few of notable actors, singers, and celebrities that left us this year. And, perhaps unsurprisingly, he complained about the frequent government shutdown.
As Cashin said, 2018 was a year full of bumps. And his poem is certainly worth the read as we head into the New Year:
'Tis four days yet to New Year
but despite what you're hopin'
The folks in the Board Room
say "all Monday we're open"
So we'll buy and we'll sell
as the tape crawls along
And though "Bubbly's" verboten
we may still sing a song
Two Thousand and Eighteen
was a year full of bumps
And lots of them came from
those Washington chumps
They shut down the government several
times several ways
Some shuts only took hours
this one may take days
In the midterm elections
the Dems took the House
And the Prez got some questions
on a coat worn by his spouse
We lost special people
as we seem to each year
It just makes us treasure
each one that's still here
Margot Kidder has left us
she can now fly alone
And Penny Marshall departed
to find a league of her own
Nancy Wilson's great voice
joined a heavenly choir
And Aretha also
donned Angelic attire
Neil Simon makes angels
now laugh with broad smiles
While Burt Reynolds now logs on
new celestial miles
Dick Van Dyke lost his brother
"Jerry" no more will we see
Along with Dick's partner
the great Rose Marie
Some deep internal tortures
took Anthony Bourdain
And Kate Spade great designer
must have felt the same pain
Barbara Bush we lost early
George died months later
A long long love story
we have rarely seen greater
Stan Lee made super heroes
but few folks could explain
Why none of them came close
to a real one like McCain
The Sons of the Desert
lost their great founding man
And the world is somehow smaller
without the unique Chuck McCann
Billy Graham has gone to
the Lord he so preached
And the ends of the universe
Stephen Hawking has reached
Paul Allen, Tab Hunter and
Bochco have all moved along
Even Vic Damone is now
singing a heavenly song.
And we lost scores of others
there's so many to name
But we know that without them
the world's not the same
We saw more fatal school shootings
But the survivors rebelled
And they changed some gun laws
to keep guns tightly held
The great retailer Sears
moved still closer to fail
And a judge in September
sent Bill Cosby to jail
And GE, once massive
just shrivels and shrinks
Maybe they should call Jack Welch
just to see what he thinks
We've a major health crisis
with the use of opioids
While Elon Musk's planning
to mine asteroids
In March Madness, Loyola
almost ran the whole skein
Probably thanks to the prayers of
their great fan, Sister Jean
In China the Congress
thought Xi was so clever
That they canceled all limits
he can now rule forever
Trump did meet with Kim
amid handshakes and smiles
Three months after the meeting
neither had changed their styles
Serena came back
as did Tiger, somewhat
We're still waiting on Mueller
just to see what he's got
A guy named Kashoggi
walked through a door
And disappeared in minutes
he'll be seen never more
And vaping is growing
some states legalized pot
A few cultural critics
say could put us on the spot
There's still talk of trade wars
and tariffs and such
We know they drag on markets
but we don't know how much
So we'll cross all our fingers
and a few of our toes
Keep an eye on Washington
we'll see how it goes
Let not this year's memories
of sadness or sleaze
Disturb you this day
just give your heart ease
Have faith that this New Year
will bring a new sign
And believe in yourself
it will all work out fine
Just lift up your spirits
and some fruit of the vine
And kiss ye a loved one
and sing Auld Lange Syne
And late Monday evening
as you watch the ball fall
Wish yourself all the best
Happy New Year to All!!
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