Legendary New York Stock Exchange floor trader and director of floor operations for UBS Art Cashin just sent out his annual Wall Street Christmas poem.
As always, he threw in some of the year’s financial highlights such as the Fed’s December rate hike.
But he also wove in a few of the year’s top sports and celebrity moments. And, perhaps unsurprisingly, the president-elect.
In any case, it’s certainly worth the read as we head into the holidays.
‘Tis three days before Christmas and at each brokerage house The only thing stirring was the click of a mouse
Down on the Exchange the tape inches along Brokers bargained and traded as they hummed an old song
The Fed turned data dependent or so they would claim Yet they hiked in December though the data looked tame
The Cubs took the series the Broncos the Bowl And Villanova are champs with a last second goal
Cleveland won a title after fifty-two years As LeBron held the trophy it moved him to tears
Donald Trump got elected to the pollsters’ surprise Since that day in November we see stocks on the rise
Bob Dylan got a Nobel it doesn’t get any better He didn’t go pick it up he just sent them a letter
Samsung phones had some problems with combustion a woe While millions wandered widely playing Pokémon Go
Yet there’s still Cosby and Kim K they sure don’t bring us cheer But it’s Christmas time, Alice and Santa is near
So stop looking backwards have a cup of good cheer And kiss you a loved one raise your hopes for next year
And amidst all the trading Christmas themes we will heed And share our good fortune with families in need
And tomorrow they’ll pause as we wait on the bell To sing a tradition a song for old “Nell”
Don’t let this year’s problems impede Christmas cheer Resolve to be happy throughout the New Year
And resist ye Grinch feelings let joy never stop Put the bad at the bottom keep the good on the top
So count up your blessings along with your worth You’re still living here in the best place on earth
And think ye of wonders that light childrens’ eyes And hope Santa will bring you that Christmas surprise
So play ye a carol by Mario Lanza Unless you are waiting to celebrate Kwanzaa
Hanukkah’s coming But Ramadan’s gone Different folks, different holidays yet each spirit lives on
Whatever your feast is we hope you all still Find yourself just surrounded by folks of goodwill
Friday, as the bell rings hark to your heart’s call And as Santa would shout Merry Christmas to All!