During the height of the Occupy Wall Street movement, many opponents argued that the participants were un-American. They did not believe in capitalism. And reveled in the drop in stock values associated with the 2008 recession.
On the morning of November 30, 2011, I saw a headline on CNBC.COM titled “Hedge Funds Drop Stocks.” In the article, there was the following quote.
The rally in October was the worst case scenario. It brought the S&P back to the black for 2011.
One might suspect the speaker was an Occupy advocate who saw the market rebound as counterproductive to their message that Wall Street speculation was hurting the national economy. But you would be wrong. The speaker was the man pictured above, Michael Murphy, CEO of hedge fund Rosecliff Capital. And what was his message. His company hoped to make money by betting AGAINST America. At the same time Mr. Murphy and other Wall Street scions vilified Occupy participants as anti-American. Perhaps Mr. Murphy needs a new mirror.
For what it’s worth.
Dr. ESP