Market Christmas Carols

At long last, it's come: Macro Man's last day in the office of 2009. It's been an eventful year, both personally and professionally, and your author is looking forward to turning the page and getting stuck into 2010. Before that happens, of course, he would be remiss in not maintaining a tradition and sharing a couple of market-themed Christmas carols:

God rest ye merry, gentlemen
Let nothing you dismay
For quantitative easing
Is here to light the way
To save us from last year’s mistakes
When we were gone astray
O tidings of comfort and joy
Comfort and joy
O tidings of comfort and joy

From Washington to London
Beijing and Zurich too
The printing presses cranked right up
And they did it all for you
With S&P’s at 6-6-6
‘Twas the only thing to do
O tidings of comfort and joy
Comfort and joy
O tidings of comfort and joy

“Fear not then,” said Bernanke,
“Let nothing you affright
We’ll buy some bonds and MBS
And put this sucker right
And make sure AIG pays out
At par without a fight!”
O tidings of comfort and joy
Comfort and joy
O tidings of comfort and joy

The punters at those tidings
Rejoiced much in mind,
And threw away their sell tickets
Then told their broker “mine!”
They bought up every piece of junk
That they managed to find
O tidings of comfort and joy
Comfort and joy
O tidings of comfort and joy

Now let us all sing praises
To those who saved the day
And kept bleating about green shoots
‘Til bears all ran away
No need to worry ‘bout next year
And who is going to pay
O tidings of comfort and joy
Comfort and joy
O tidings of comfort and joy!
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You better watch out
And give a big cry
When the market’s a rout
I’m telling you why
Santa Claus is coming to town
He’s making a list
A second, a third
To bail out those who own a few turds
Santa Claus is coming to town
He sees you when you’re losing
He knows when you’ve been bold
He’ll give you an interest-free loan
To go out and by some gold!
Oh! You better watch out!
And give a big cry
When your P&L’s red
I’m telling you why
Santa Claus is coming to town
Santa Claus is coming to town


Although daily service will be interrupted ovr the next couple of weeks, Macro Man will still be keping an eye on things and may well scribble down a few thoughts from time to time. Happy Holidays to all readers and good luck in 2010.