October 16, 2009

The current mood on Wall Street- Charging Bull

Location: Charging Bull, Bowling Green, New York City, USA (40° 42′ 19.48″ N, 74° 0′ 48.53″ W)
Date: 9 February 2006; 1.20pm
Camera: Canon 300D with kit lens

This statue of the charging bull representing a bull market is apparently one of the major tourist attraction in New York. Well, the stock markets around the world is certainly experiencing a bull run currently with the Dow Jones at its highest for a year (since the mortgage and credit crisis) and most stock markets around the world elevating towards the stratosphere. However, the enthusiasm on the various stock markets had yet to filter down to the real market and the economies around the world are still struggling along. In fact one of the reasons for the bull run is that company earnings are improving due to costs and staff cutting- which by itself feed negatively into the real economy by increasing unemployment. That said, the financial institutions are reaping in the benefits, paying its staff and management even higher pay and bonuses pre-crisis! Such short memories and greed must be plugged before another major crisis developed and ending with taxpayers paying these fat cats.


web designer said...

I honestly love this website. Your posts help to remind me why I love traveling on vacation so much. You seem to really love your site.I love keeping up with the latest travel tips online. Keep up the great work.

David Weglarz said...

How did you create this picture? I think it's extremely interesting! Keep up the good work!