Replies to post #33291 on Zeev's Turnips Patch-No Politics (ZEEV)

[Rayman]

Tony, that is a fatasy. I have not seen a society, whether it is capitalistic, socialistic, communistic, fascistic, whatever, that the rich or the privilaged will suffer first than the ordinary people.

Like the English writer once said, it's ALWAYS the common people who would get marginalized. Not the rich one.

In another country, what we have seen on WS and the corporate America would have incited mass demonstration or a possible revolution. I don't believe revolution will solve problem either, I don't believe anything will solve problem, I do believe rich will always screw the poor with few exceptions.

Am I cynical enough?

[Newly2b]

Tony,

You're not alone. My broker dumped everything his firm couldn't sell on me because he knew I was too dumb to know the difference. The bear market wiped out 16 years of investing for me, and I've had to learn to trade in self-defense!

Since I fired the broker and took control, I've made money. Made a lot of mistakes in the beginning which cost me, but I figure that is the cost of learning. Still learning, and loving it. Of course, there are days and then there are days.

I figure if anyone is going to lose MY money, it's going to be me! Don't give up. Keep learning, keep refining your trading skills. Take heart, if I can make money in this !@#$%^& market, anyone can!

Newly

[sarai]

tonysolomon, I have a few remaining long positions, total crapola. I looked at them today for the purpose of tax selling. Had it not been for a couple of short funds, the situation would be nauseating!

Losses sustained by individual investors are staggering. This time around I think capitulation will be a slow process and a factor of disgust. But we will get to a point where the markets are once again "investable". At that point, I'll probably go for some Dogs of the Dow theory or other tried and proven method of investment. No more kinky stuff!

Think of all the kids headed for college now. Their parent prepared by investing aggressively, for the longterm. Sad! I capitulated on those accts in May, 2000 and thought I got a bad deal. By broker actually told me "now is the time to buy...when blood is flowing". And the blood is a heck of thicker now than it was in May, 2000...

Think of all the hard working folks facing retirement too. We'd be foolish to believe there aren't longterm economic effects of a burst bubble. Sad!

Good luck! :)