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Stock market news: Art Cashin 2018 Christmas poem



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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