News Focus
News Focus
Followers 163
Posts 20152
Boards Moderated 0
Alias Born 07/08/2002

Re: marketmaven post# 394347

Sunday, 05/22/2005 7:38:41 PM

Sunday, May 22, 2005 7:38:41 PM

Post# of 704047
We have become a nation enamored of the quick fix, forgetting the truisms like no pain/no gain, and you get out of life what you put into it. The innate and immutable forces of life (like cause and effect) appear to have been temporarily suspended, as they were for the daytraders of the '90's bull market, who made fortunes without having a clue, then disappeared after the 2000 crash because they were only in it for the "easy" money and couldn't or wouldn't learn to really trade the markets.

Everyone today feels entitled to become an instant billionnaire (the millionnaire nextdoor is sooooo passe' these days). Some will achieve it, others will be destroyed in the process, and most of the rest of us will be hurt, but not mortally.

This obviously cannot go on indefinitely. We have a big dose of reality coming, and, while the cure may be worse than the illness, it is the only path back to good health! FedRes just may have it right. I finally understand that those tycoons who defenestrated themselves in 1929 had very good reasons for so doing.

EDIT: And thank you for not including Realtors in your hit list, as they are, afterall, merely enablers to those enamored of achieving the American Dream (nightmare?).

Newly


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today