Verse For Market Watchers

Many in the financial news media, both TV and print, regularly use the expression "profit-taking" in reporting a dip in stock prices. Considering transaction costs, stock trading is at best a zero-sum game. One wonders then what is the appropriate term when prices rise. To those who wittingly or unwittingly aid and abet the brokerage industry, I dedicate these lines:

I'm told that when a stock price drops,

It's due to "profit taking."

Well, taking profit's really tops,

Since that means money-making.

Let's hope next time stock prices fall,

They do so most emphatically.

We'll make more money after all,

And do it automatically.

William F. Hummel

Los Angeles