“Walk On The Wild Side”
In the world of finance, the month of October is rarely a good month and this past October didn’t do anything to change historical expectation. As an article in the New York Times put it, “The wildest month in the history of Wall Street ended on Halloween with both scary and thrilling price movements.” The title of the article, “A Monthlong Walk on the Wildest Side of the Stock Market,” brought to mind Lou Reed’s early ‘70s song, “Walk On The Wild Side.” The song refers to a different “wild side,” yet when it comes to risk some of the lyrics apply:
Little Joe never once gave it away
Everybody had to pay and pay
A hustle here and a hustle there
New York city is the place where they said:
Hey babe, take a walk on the wild side
I said hey Joe, take a walk on the wild side
October’s walk on Wall Street had no “Sugar Plum Fairy,” yet it was important to not lose your head and just “take a walk on the wild side,” doo doo doo, doo…
kenne
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