Predictions…Predictions …Uranus… and Wall Street is Bottoming.

Uranus is super cool.

Predictions are uncool.

Wall Street will be cool again.

We need a New improved Wall Street (must read). We need some fresh thinking and better marketing. I mean ‘bulletin boards’ as a name for an exchange that trades public securities?

We need IPO’s not RE-IPO’s.

The best thing for any industry is that predictions go away and that holds especially true for the financial industry.  So, it’s great news, despite the stupid headline, that people in high places are tiring of the game. The word ‘guru’ makes me cringe.

There are no ‘gurus’…there are great forecasters that manage risk.

It’s quite obvious to me and my money is where my mouth is that the social and mobile web have really broken down the final walls of Wall Street and they are now coming down super fast.Bloomberg’s cute ‘dot com’ stuff is a front for their humongous wall. I doubt that wall can be brought down, but you never know. It will take some deep pockets, some big mistakes from Bloomberg and even then, you are talking a decade or two.

The online brokerage industry did it’s thing to ‘the street’ and much of the transaction business is commoditized. TheStreet.com ($TST) helped usher in the period of commoditizing Wall Street opinions so kudos to Jim and team.

But, it’s the mobile and social web that are going to force a better rebuilding of The Street.

Wall Street is super important.  It can’t go away and we should not be wishing that.  If you are short Wall Street just remember that Silicon Valley has been written off a few times as well.

Good times!

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