And the tenant pondered more. “But let a man get property he doesn’t see, or can’t take time to get his fingers in, or can’t be there to walk on it—why, then the property is the man. He can’t do what he wants, he can’t think what he wants. The property is the man, stronger than he is. And he is small, not big. Only his possessions are big—and he’s the servant of his property. That is so, too.’’
The man vs. machine theme is ever more poignant in light of the Crunch we’ve gone through.
(I’ve been re-reading classics and drawing melodramatic parallels to the current world.)
14:00: Fed Chairman Ben Bernanke speaks….He’s the commencement speaker at Boston College Law School. Although this might seem to be off track for anything market related, we’ve learned never to assume that.
I’ve got friends that have started delis, bummed around the world, and dropped a peg in job status. But “it isn’t until everyone becomes a high school teacher that the market has finally bottomed” (noting that even when it has bottomed, it may be a long while rising up).
