The Corrections

“Well, I hate to break it to you folks in the back,” Jim Crolius was saying, “but from where I stand, up here by the windows, I can see some clouds on the horizon. Those could be friendly little white clouds. Or they could be dark rain clouds. Appearances can be deceiving! From where I stand I may think I see a safe course ahead, but I’m no expert. I may be piloting the ship straight into a reef. Now, you wouldn’t want to sail on a ship without a captain, would you? A captain who’s got all the maps and gadgets, all the bells and whistles, the whole nine yards. Right? You got your radar, you got your sonar, you got your Global Positioning System,” Jim Crolius was counting off each instrument on his fingers. “You got your satellites up in outer space! It’s all pretty technical. But somebody’s got to have that information, or we could all be in big trouble. Right? This is a deep ocean. This is your life. So what I’m saying is you may not want to master all that technical stuff personally, all the bells and whistles, the whole nine yards. But you better hope you’ve got a good captain when you go cruising the high seas of high finance.”

There was applause from the front rows.

“He must literally think we’re eight years old,” Sylvia Roth whispered to Enid.

“This is just his introduction,” Enid whispered back.

“Now, another way this is fitting,” Jim Crolius continued, “is that we’re here to see the changing leaves. The year has its rhythms—winter, spring, summer, fall. The whole thing is cyclical. You got your upswings in the spring, you got your downturns in the fall. It’s just like the market. Cyclical business, right? You can have a bull market for five, ten, even fifteen years. We’ve seen it in our lifetime. But we’ve also seen corrections. I may look like I’m just a kid, but I’ve even seen a genuine market break in my lifetime. Scary stuff. Cyclical business. People, we’ve got a lot of green out there right now. It’s been a long, glorious summer. In fact, let me see a show of hands here, how many of you are paying for this cruise, either entirely or in part, on the strength of your investments?”

Forest of raised hands.

Jim Crolius nodded with satisfaction. “Well, folks, I hate to break it to you, but those leaves are starting to turn. No matter how green things are for you right now, it’s not going to survive the winter. Of course, every year is different, every cycle’s different. You never know exactly when that green is going to turn. But we’re here, every one of us, because we’re foresighted people. Every person in this room has proved to me she’s a smart investor, just by virtue of being here. You know why? Because it was still summer when you left home. Every person in this room had the foresight to know that something was going to change on this cruise. And the question we all have—I’m speaking in metaphors here—the question is: Will all that glorious green out there turn to glorious gold? Or will it all just wither on the branch in the winter of our discontent?”

The Longstocking Ballroom was electric with excitement now. There were murmurs of “Marvelous! Marvelous!”

“More matter and less art,” Sylvia Roth said dryly.

Death, Enid thought. He was talking about death. And all the people clapping were so old.

But where was the sting of this realization? Aslan had taken it away.