On The Volatility Of Markets

You know, just because the Dow has tanked for a couple of weeks now doesn’t mean you’re allowed to stiff the waitstaff:

Stingier restaurant tips and smaller company parties are adding to the fiscal fallout from Wall Street’s market slump.

“Tipping has gone from about 18 percent to 12 to 14 percent,” moaned Rene Santiz, a waiter at City Lobster on West 49th Street, which caters to a Midtown finance crowd.

“When you hear your co-workers complaining, it’s definitely happening. People used to have a cocktail or glass of wine with dinner and now it’s just water. You can feel the stress,” he added.

. . . sort of makes stuff like the Hedge Fund Regatta seem like a quaint relic of the (bygone?) New Gilded Age.