OT - Maybe !! ... Did bull market die and Wall Street miss it?

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If this doesn't convice you there is a problem with the stock market I don't know what will!!

Did bull market die and Wall Street miss it?

Ray

-- Ray (ray@totacc.com), September 17, 1999

Answers

There is a massive disconnect between the fiscal policies of the FED and the awareness of the average American stock holder.

Sell now or forever regret...

-- Randolph (dinosaur@williams-net.com), September 17, 1999.


Ray,

Thanks for the post.

Also see these threads:

"Did bull market die and Wall Street miss it?"

http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=001QF6

"OT?Smoke and MIrrors Stock Market"

http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id=001QLY

-- Linkmeister (link@librarian.edu), September 17, 1999.


Excellent post. I worked on Wall Street in the mid-1980's, then moved back to the Midwest. I remember a friend who worked at the Salomon Brothers bond trading desk call me a day prior to the 1987 crash, and telling me the next day would be very bad for the stock market. It was. My point is this: these 'kids' I'm working with now have two goofy perceptions- first, that a mutual fund or stock should go up 20% annually; and second, that the market will not crash ever again. A good investor 'hedges' to minimize risk. Similarly, a wise person 'hedges' for unforseen events (like Y2K) to minimize risk.

-- Ed (ecokc@home.com), September 18, 1999.

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