• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceWall Street

Why Wall Street Loves It When I Sell Stocks

By
Stanley Bing
Stanley Bing
Down Arrow Button Icon
By
Stanley Bing
Stanley Bing
Down Arrow Button Icon
March 23, 2016, 10:00 AM ET
Illustration by Benedetto Cristofani for Fortune

I was in my office last week, ­minding my own business, when CaroleAnne popped up in my doorway with a perturbed expression. “You have a visitor,” she said. “Does he or she have an appointment?” I asked. “No,” she replied with a bit of crust. “But he is quite insistent that he must see you. He’s in the large conference room right now, waiting.”

“Really?” This was unusual. People seldom appear unannounced, and never are they insistent enough to get past Charon in the lobby and make it all the way upstairs.

Well, I thought, in any event it’s a nice respite from what I was doing at that precise moment—which was pretty much nothing. “Send him in,” I said. I slipped on my suit jacket and straightened my tie. I thought I might want to have my game face on. The costume helps with that.

The gentleman who crossed my transom a moment later was an imposing sight. Large, very large. On the cusp of obese, but not quite there yet, because the vast tower of him under all that avoirdupois appeared to be solid muscle. Sandy hair. Some exploded veins in his nose that spoke of good times past and future. Pin-striped suit, with a gravy stain on the lapel. Three-hundred-dollar tie, badly knotted. “May I sit?” he asked. I motioned him to my guest chair, which he was almost too big to occupy with comfort. He wedged himself in.

“I’m sorry to drop in on you like this,” he began. I said nothing. Sometimes that’s best. “But I’m being rude,” he continued. “I’m Wall Street.” He shoved a mighty paw out at me. I shook it. Of course I did. Where would we be without him? He got down to business: “I’ve come here today because the situation is grave, and we need your cooperation to set it right. The markets are roiled. Insanely volatile. Something must be done.”

I was confused, I can tell you. Of course I’ve been bummed about the wild swings in stock prices lately. But what could I—one rather small investor in the vast ocean of money floating the indexes—do about it? I asked him just that. “You can get out of the market,” he said, his eyes boring into mine with a wretched intensity.

The truth is, I was kind of expecting something like this. Even I, trying to give myself a break, could recognize the clear pattern: I’m a jinx.

For more on the economy, watch this Fortune video:

He phrased it more strongly. “You’re a poisonous vampire, sucking the life out of the equity market,” he said somewhat apologetically. He took out a cigar, thought better of it, and put it back in his breast pocket. “Let’s look at the record. In the mid-1980s you bought a bunch of General Electric (GE). It was at $78. Last week it closed at $29. Why don’t you just take your losses so it can go up again?”

Wall Street pulled himself together and continued. “Tesla (TSLA) has been a wonderful stock, and you tried to ruin it!” I was wondering when he would get to that. It was pretty shameful. “On Dec. 31 you bought 100 shares at $240 bucks each. Right away—bang! zoom!—into a giant slalom it went! By Feb. 10 it was below $144! Thank the gods you panicked and sold that day. It’s rallied a bit, so at least there’s hope.”

He appeared to be either on the verge of tears or prepared to punch me in the face. Once again I held my tongue. What he was saying was patently the truth. “And look what you’re doing to oil!” he bleated. “When you bought Exxon Mobil (XOM) in January 2014, its shares were trading at $100. Now look at it—down 20%. For God’s sake, man! You’ve brought down the entire energy sector! Get out! You’re Typhoid Mary! Get out! Get out now!” At this point he was frothing at the mouth.

That’s when CaroleAnne stepped in. She’s good that way. Cordial but firm. I heard Wall Street’s anguished cries as she escorted him out. He may be gone, but his point is still valid. And he didn’t even mention what I’ve done to Apple (AAPL) and ­Disney (DIS). I’m not a monster, okay? I have a heart. I’m selling. Best of luck to the rest of you. Now you have a chance.

Follow Stanley Bing at stanleybing.com and on Twitter at @thebingblog.

A version of this article appears in the March 15, 2016 issue of Fortune with the headline “A Visit From Wall Street.”

About the Author
By Stanley Bing
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

trump
PoliticsIran
Trump on Iran: ‘They want to make a deal, I’m not satisfied with it, so we’ll see what happen’
By Toqa Ezzidin, Munir Ahmed, Collin Binkley and The Associated PressMay 1, 2026
11 minutes ago
infantino
North AmericaWorld Cup
Fifa’s Infantino predicted sellouts and ‘1,000 years of World Cups at once,’ but fans aren’t biting
By James Robson and The Associated PressMay 1, 2026
30 minutes ago
cox
C-SuiteWealth
Billionaires have a problem money can’t solve: They don’t know how to talk to their kids
By Nick LichtenbergMay 1, 2026
33 minutes ago
trump
EconomyTariffs
Trump says he’ll hike EU auto tariffs to 25%, jolting a world economy that really didn’t need it
By Josh Boak and The Associated PressMay 1, 2026
40 minutes ago
male engineer working under pylon
EnergyElectricity
Utility CEOs pocket $626 million as American energy bills hit record highs
By Tristan BoveMay 1, 2026
41 minutes ago
elon
EconomyCEO salaries and executive compensation
CEOs got an 11% pay raise in 2025. Workers got 0.5%
By Marco Quiroz-GutierrezMay 1, 2026
48 minutes ago

Most Popular

China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
1 day ago
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
Conferences
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
By Nick LichtenbergApril 29, 2026
2 days ago
The U.S. economy is booming — just not where 50 million Americans live
Commentary
The U.S. economy is booming — just not where 50 million Americans live
By Derek KilmerMay 1, 2026
10 hours ago
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
4 days ago
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
Personal Finance
Scott Bessent on financial literacy: 'it drives me crazy' to see young men in blue-collar construction jobs playing the lottery
By Fatima Hussein and The Associated PressMay 1, 2026
6 hours ago
Exclusive: America's largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth
Banking
Exclusive: America's largest Black-owned bank launches podcast with mission to unlock hidden shame holding back generational wealth
By Nick LichtenbergApril 29, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.