What just happened to the iconic NYSE (bankrupt, interest, jobs)

[Currency Pair Crocodile]

This isn't bad for the NYSE or the stuff it does. In fact, it might be a better one for them to function on the global scene. But to me, the NYSE is a symbolic American icon. We all grew up seeing it on TV and dreaming about the quintessence of wall street, the great American dream.

I don't care about this news, but I do care about the loss of a symbolic American icon.

Tough!

Nachtmare on Wall Street

I did find the following user comment on there quite interesting. Isn't that so true

The Boomers were innocently turned into spoiled narcissists by their deprived Greatest Generation parents. Thinking that America's being for the blink of the eye at the top of Fortune's Wheel in the Sixties would last forever, the Boomers could afford to be lazy, self-absorbed hedonists who "tuned in, turned on, and dropped out." There were always more than enough jobs later. Now the Boomer value system of "doing your own thing," "looking out for No. 1," and not sweating the small stuff, "and it's ALL small stuff" has basically squandered the entire Boomer inheritance from the Greatest Generation, and left America, the Boomers, and, above all, their hapless kids, bankrupt and subject to the tender mercies of China and India. As always, the grasshoppers partied on, until the ants won....

[Bulldogdad]

Interesting no one has anyview points on this. Did you post it in P/C

[chet everett]

NYSE was badly run for a long time. They are not innovators nor have they worked to get either the squeaky clean feel goods that would bring in more cash equity buyers OR the sort of "we can move faster than the regulators" of the CME or "dark exchanges" that the big boys run for themselves.

Dinosaurs look cool in a museum but at the end of the day taking home the chips is what matters.

For another very detailed look at why the Germans may want NYSE and why Chicago is unlikely to jump in read this: FT.com / FT Trading Room - Quick View: Why CME will not go for NYSE Euronext

Not too much to be sentimental about -- all the hedgies that own their Connetticut and Hamptoms Estates will still come to Wall St to at least escape their screeching wives...

[JazzyTallGuy]

Originally Posted by Antlered Chamataka

This isn't bad for the NYSE or the stuff it does. In fact, it might be a better one for them to function on the global scene. But to me, the NYSE is a symbolic American icon. We all grew up seeing it on TV and dreaming about the quintessence of wall street, the great American dream.

I don't care about this news, but I do care about the loss of a symbolic American icon.

Tough!

Nachtmare on Wall Street

I did find the following user comment on there quite interesting. Isn't that so true

The Boomers were innocently turned into spoiled narcissists by their deprived Greatest Generation parents. Thinking that America's being for the blink of the eye at the top of Fortune's Wheel in the Sixties would last forever, the Boomers could afford to be lazy, self-absorbed hedonists who "tuned in, turned on, and dropped out." There were always more than enough jobs later. Now the Boomer value system of "doing your own thing," "looking out for No. 1," and not sweating the small stuff, "and it's ALL small stuff" has basically squandered the entire Boomer inheritance from the Greatest Generation, and left America, the Boomers, and, above all, their hapless kids, bankrupt and subject to the tender mercies of China and India. As always, the grasshoppers partied on, until the ants won....

It's just another sign that the domnance of America is waning.

All great runs come to an end.