English: A view from the Member’s Gallery inside the NYSE (Photo credit: Wikipedia)
Visual Description: One of many things wrong with the stock market.
ADDEF = FADED, NARGD = GRAND, SELUUF = USEFUL, MELTHE = HELMET — Giving us: DDGNUFHEE
Clue/Question: He was able to afford his new landscaping after making so much money in his – – –
World Economic Forum visits New York Stock Exchange to mark International Women’s Day 2012 (Photo credit: World Economic Forum)
Answer: HEDGE FUND
(Not bad at all! The clue words were all jumbled well. We even have two new clue words, in “faded” and “grand”. Such simple words, and somehow both of them have been missed, up to now. I’m not crazy about “faded”. To me, these past tense – normally – four-letter words, that just have a D at the end, are no better than plural – normally – four-letter words, that just have an S at the end. The word “helmet” always trips me up a bit. The answer letter layout was great. The cartoon is cute, with lots of detail. I like the dollar signs on the mansion doors! New York Shrubs Express? That’s rich! This guy should probably be investigated by the real NYSE. I’ve long had a problem with short-selling. I understand that it’s supposed to decrease a stock’s volatility, and they can be used as a hedge against a market downturn, but there’s something so pessimistic about betting on failure. I also don’t care for these exotic derivatives that some rocket scientist from the Wharton School of Business comes up with to “create” more wealth – almost out of thin air – for the privileged few. Institutional traders think they’re smart, jumping on the bandwagon of these Frankinvestments, when in reality they have no clue how they work! Super fast program trading is another thing that puts most of us at a disadvantage. And, these hedge funds are largely designed to make sure that the rich get richer. The average little guy can’t even get into them. The market is currently going great guns. My rollover IRA is as high as it’s ever been. But, my paper gains can be gone tomorrow, while some fat cat in a hedge fund laughs all the way to the bank. Nothing really has changed since 2008. Be well and do good, friends.) — YUR
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