And Now For a Reality Check?

I'm not a Paul Farrell fan --- at best he's an Eeyore and at worst a "the glass is always empty" kind of guy.  But a recent article about Wall Street's personality traits rings more true than usual.  Here are some excerpts --- and, if you really need a dose of depression, you can find the entire article here --  http://www.marketwatch.com/Story/story/print?guid=7227A38C-6C69-11E1-864A-002128049AD6.

"10 reasons Wall Street will hit bottom, crash -- Commentary: Gambling-addicted banks need a Betty Ford Center"

By Paul B. Farrell, MarketWatch March 13, 2012, 12:01 a.m. EDT

Wall Street’s 10 personality traits today:

1. Amnesia: Since the 2008 meltdown, Wall Street’s memory erased

2. Overoptimistic: Wall Street casino’s blowing another megabubble

3. Immature: totally narcissistic, the ‘King Baby’ syndrome

4. Greedy: Yes, “greed is still good” … for Wall Street’s gamblers

5. Compulsive liars: Never trust Wall Street to tell the truth

6. Insatiable: Wall Street’s hooked on ‘more is never enough’

7. Macho-macho: Regardless of the facts, they can’t admit failure

8. Unpredictable: Wall Street gamblers haven’t a clue about the future

9. Irrational: Wall Street gets rich off investor irrationality

10. Myopic: Failure to think long-term guarantees another crash