10.25.2002
The stock market... It goes up... it goes down. Mission accomplished, Big Boys! You've crushed "the little guy" especially the little guy who's already retired and tended to have his pittance of a 401k and IRA's invested in the nice "safe" security of the stock market! For most of our working years IRA's and 401k's were not even an option! At least the poor working stiffs are still earning money and can try to do a little rebuilding, but we don't even have that!
Much as it might look like 9.11 crashed the market it was already headed in that direction. I don't think it was even politics that caused it. Aren't there may out in our world who want to blame it on the current presidency if not on the 9.11 disaster? The biggest factors, in my humble opinion, were automated computerized trading and individual online trading. Feds were trying to get a handle on the computerized thing by establishment of "curbs" on trading. There's been a great deal of that in the past two weeks - sometimes to curb the upside and sometimes to curb the downside. That's why I think the big factor in the market's downfall was the "little guy" trading online!
Yes, I firmly believe that individuals CAN make a difference! There were many many "hotdoggers" out in our cyberworld using the stock market like a big old casino! Ask any of the old-timer individual investors, many of whom made a comfortable nest egg by merely investing wisely. There is no longer any such thing as a "wise" investment, since those boys were living on the edge all the time... and some still are. You win big... you lose big! That's how they thought... no more "buy a good solid blue-chip company and hang on. It will only grow.
People in the business of selling stocks to "us" and "advising us" didn't like the hotdogs doing their gambling and said so loud and clear. I think they started changing their strategies in buying and selling stocks. After all, if you can't beat 'em, join 'em, right? Well, are you happy boys... and girls? You did it. You've got the old level-headed investors scared off, but I'm willing to bet you that the gamblers are back at it!
Then of course, making money out of mostly hot air made the "big boys" in the stock market get greedy! What the heck; if Joe Sixpack can get rich on nothing more than fast wheeling and dealing, just think what big old CEO in a fancy suit could do! Voila! You've got Enron.... and of course now the SEC and their buddies want to point fingers at every company in our wonderful capitalist society... but back to the subject.
Now the money handlers in the market... the ones handling mutual funds are playing the game. Big ups! Big downs! No matter what we, the small investor invest in, it will be wrong because the professionals in the stock market have got us running scared. If we want to invest, we have to see a stockbroker. There is no sense to the current market and will not be as long as the gamblers keep going at it, so why don't all you "hotdoggers" go to Vegas and let the stock market get back into the business of selling "a little piece of a good business" to people like you and me?
Much as it might look like 9.11 crashed the market it was already headed in that direction. I don't think it was even politics that caused it. Aren't there may out in our world who want to blame it on the current presidency if not on the 9.11 disaster? The biggest factors, in my humble opinion, were automated computerized trading and individual online trading. Feds were trying to get a handle on the computerized thing by establishment of "curbs" on trading. There's been a great deal of that in the past two weeks - sometimes to curb the upside and sometimes to curb the downside. That's why I think the big factor in the market's downfall was the "little guy" trading online!
Yes, I firmly believe that individuals CAN make a difference! There were many many "hotdoggers" out in our cyberworld using the stock market like a big old casino! Ask any of the old-timer individual investors, many of whom made a comfortable nest egg by merely investing wisely. There is no longer any such thing as a "wise" investment, since those boys were living on the edge all the time... and some still are. You win big... you lose big! That's how they thought... no more "buy a good solid blue-chip company and hang on. It will only grow.
People in the business of selling stocks to "us" and "advising us" didn't like the hotdogs doing their gambling and said so loud and clear. I think they started changing their strategies in buying and selling stocks. After all, if you can't beat 'em, join 'em, right? Well, are you happy boys... and girls? You did it. You've got the old level-headed investors scared off, but I'm willing to bet you that the gamblers are back at it!
Then of course, making money out of mostly hot air made the "big boys" in the stock market get greedy! What the heck; if Joe Sixpack can get rich on nothing more than fast wheeling and dealing, just think what big old CEO in a fancy suit could do! Voila! You've got Enron.... and of course now the SEC and their buddies want to point fingers at every company in our wonderful capitalist society... but back to the subject.
Now the money handlers in the market... the ones handling mutual funds are playing the game. Big ups! Big downs! No matter what we, the small investor invest in, it will be wrong because the professionals in the stock market have got us running scared. If we want to invest, we have to see a stockbroker. There is no sense to the current market and will not be as long as the gamblers keep going at it, so why don't all you "hotdoggers" go to Vegas and let the stock market get back into the business of selling "a little piece of a good business" to people like you and me?
# posted by sherle : 10:24 AM
