Wall Street Manna

An irreverent look at Wall Street

Monday, December 17, 2007

The XVIII Amendment

Ushered in prohibition, and as any student of the depression knows, it was repealed by the 21st Amendment in 1933. And Fed Chairman Bernanke, is an avowed expert on the "depression."

Maybe he studied it too hard. His chairmanship is giving the market depression. At this point, traders living in Washington DC, are probably stopping in at the 18th Amendment, and getting drinks at the Keyhole bar in the basement.

You don't need to be at the keyhole to know what they think of the Fed's latest moves. Just look at the Keyhole Nebulae.

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