Wow, talk about going through some challenging market
sessions the last week or so! Of course, no one ever said stocks only go up and
veteran traders like to think that they know when it's time to dump their
shares and take profits. As such, welcome to the ups and downs and roller
coaster gyrations of Wall Street.
In the early morning hours of Monday, August
18, 1969, some say just after 6ish, the Paul Butterfield Blues
Band (by now missing Elvin Bishop and Mike Bloomfield) took
the stage of the mud pit that had become Woodstock.Talk about having to
following a tough act -- imagine trying to rock the place in the wee hours
after the masses had just heard Crosby, Stills, Nash & Young; Blood
Sweat & Tears; Johnny Winter; and the Band. And, worse, imagine that after
you're done, Jimi Hendrix is scheduled to be up in two sets. How do you follow
what came before and how do you prepare for what's to come?
In any event, the band that
took to the stage was no longer the hardcore, urban, raw, blues group of a few
years back but was now brassed up and Paul Butterfield's harmonica seemed
relegated to lesser roles. During the Woodstock set, however, flickers
of the old sound flared, some say in a last blaze of glory, particularly
during the final song of the set: "Everything's Gonna Be Alright." Remember, this is a live set. There are no computers fixing the sound. The amps are still filled with vacuum tubes and fuses that are made of glass. It's as old school as it gets.
So .
. . for those of you hoping that China has calmed down and that the stock
markets around the world will soon put in a bottom, and you're hoping, really
hoping, that a Jimi-Hendrix-Bull-Market is awaiting, here's a bit of nostalgia
to get your day off to one hell of a start. Enjoy the Butterfield band's last
song of their epic performance at Woodstock. If you're at the trading desk or in the office, crank it up and let's get the
market mojo going:
NOTICE TO
EMPLOYERS:BrokeAndBroker.com offers
the perfect Wall Street demographic of stockbrokers, advisors, lawyers,
regulators, compliance, and back-office
personnel
Click POST
A JOB and your position will be promptly listed.
Only $50 for 30 days!
BrokeAndBroker.com Blog is pleased to refer our readers
to:
There are times when FINRA gets it right. The self-regulatory-organization conducts a diligent investigation and finds a violation of its rules. There... Read On
With surprising regularity, we have reported about families with a stockbroker, and how such a relationship proves fertile ground for over-reaching or... Read On
Insult Added to Injury in Puerto Rico Bond Dispute (BrokeAndBroker.com Blog)http://www.brokeandbroker.com/5808/puerto-rico-bond-finra/A public custome... Read On
A public customer filed a FINRA arbitration claim citing nearly $6 million in losses in Puerto Rico municipal bonds. The Claimant took his place on a ... Read On
Another day and another dispute about whether an employment dispute is arbitrable before FINRA. In today's iteration, we got two former employees of a... Read On
So . . . the other day, April 9, 2021, I came across another one of FINRA's urgent, all-important, uber-critical Regulatory Notices. This one was numb... Read On
On April 12, 2021, the New York Stock Exchange ("NYSE") announced that it would be minting its first Non-Fungible Tokens ("NFTs") in order to memorial... Read On