Subscribe

Colbert rages at ‘financial adviser’

Comedy Central funnyman Stephen Colbert opened his show on Jan. 22 by expressing anger that his fictional financial…

Comedy Central funnyman Stephen Colbert opened his show on Jan. 22 by expressing anger that his fictional financial adviser, “Gorlock,” hadn’t told him about the stock market plunge that occurred that morning.

“Does anybody else know that by 10 a.m. this morning the Dow Jones Industrial Average had dropped 450 points?” Mr. Colbert asked at the start of that night’s edition of “The Colbert Report.”

Mr. Colbert was miffed that Gorlock, a green-faced alien sporting a black suit and a grey tie, didn’t contact him before the Dow industrials fell 464.48 points, or 3.83%, that morning, before rebounding to close down 128.11, or 1.06%, to 11,971.19.

“I did not get a peep out of this guy today,” Mr. Colbert said. “I can’t believe that he couldn’t see that big of a drop coming.”

A disappointed Mr. Colbert complained that the faux adviser “came so highly recommended” by actor Tom Cruise.

In mock rage, Mr. Colbert’s self-righteous TV persona held up the adviser’s card, which read “My name is Gorlock. I come from the future.”

“Oh really,” Mr. Colbert growled, “you come from the future and you don’t remember a 450-point drop this morning? That’s ridiculous!”

Learn more about reprints and licensing for this article.

Recent Articles by Author

Bank of America sounds warning on options-ETF boom

Skeptics says products often fare worse than simpler alternatives.

Gold in flux as investors await Fed meeting

Following a 13 percent advance this year, the price of the yellow metal wavered as traders weigh the odds of harmful rate hikes.

Hedge funds ramp up tech allocations, says Goldman

Data show amped-up net buying in sector through long positions and short-covering even amid a slide in S&P 500 IT index.

Stocks rise following hot March inflation

The S&P 500 is poised to extend gains on tech earnings while short-term Treasury yields fell following brisk rise in Fed’s preferred inflation gauge.

Fed will cut once before presidential election, says Howard Lutnick

Cantor Fitzgerald’s chief executive predicts the central bank will “show off a little bit” just before voters head to the polls.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print