Market Volatility Leaving Scores Of Porterhouses Untouched

Will no one think of Smith & Wollensky?!

You're all selfish is what you are.

It’s a scene playing out with uncommon frequency as financial markets all around the world have been jolted by bouts of turbulence day after day. In the U.S., daily moves of 1 percent or more in the Standard & Poor’s 500 Index have been piling up at a rate not seen during the bull market. Whether it’s because of indigestion or market-induced exhaustion, fewer and fewer have any appetite for that midday filet mignon and scotch...“There’s nothing like a little bit of a sharp correction to improve our work ethic,” said John Manley, the New York-based chief equity strategist at Wells Fargo Funds Management, which oversees about $233 billion. “You don’t want to be the guy who was out to lunch when the boss went through trying to figure out who he didn’t really need.”

Why Wall Street's Iconic Steakhouses Are Empty [Bloomberg]