Second of all, I don't think Wall Street is doing what it's supposed to be doing, even after the shameful performance of the last two years. They're are not allocating capital. ↗
Those of Manhattan are the brokers on Wall Street and they talk of people who went to the same colleges; those from Queens are margin clerks in the back offices and they speak of friends who live in the same neighborhood. ↗
While short sellers probably will never be popular on Wall Street, they often are the ones wearing the white hats when it comes to looking for and identifying the bad guys! ↗
In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information. ↗
I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street. ↗