Why Occupy Wall Street will fail [View All]

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MarketWatch By Brett Arends, 8 hours ago

BOSTON (MarketWatch) — The public has every reason to be angry at what’s going on in this country, and every reason to protest. But will the Occupy Wall Street movement succeed in changing anything? Don’t count on it.

Here are five reasons I think these protests are doomed to fail.

1. They are in the wrong place.

Why are they down in Lower Manhattan? Do they think that’s where the power — and the money — really is? Folks: When people talk about “Wall Street,” it’s just a figure of speech.

Even in the days of J.P. Morgan Sr., the real action didn’t take place in the company offices at 60 Wall St. It took place in the old man’s library. Uptown.

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They're getting desperate...It's good for a laugh if you take it in context.