Absolutely. And the American public is to blame here too. The problem is a lot of people invest like I used to- I just asked a broker what to do and did it. So anytime the Fed Reserve chairman, or the newspaper, or the broker said something I thought it was gospel. Frankly I had worse results at the hands of "experienced professional brokers" than when I gave up and began, very gingerly to look stuff up and make my own decisions. (This is apart from the fact it is much better to have only oneself to blame.)
When did Americans become such sheep? I know the welfare economy is to blame for a large part of the population (both corporate welfare and poverty welfare, because both breed dependency) but when did those who are working and saving enough to invest become sheep too?
Its the same with goods-I should be able to buy a seat belt or air bag or low flush toilet or etc etc etc because I want to pay the extra money for it, not because some government regulation makes me or makes the seller include that, at my expense of course.
I wish we had a free market in stocks and bonds and houses and clothing and everything else. The lower prices would make "buyer beware" worth while.
Now, how do you feel about this merger? USRX was my main holding,(oops along with ko) and I loved the company. I thought it had great creativity and promise. I am not the CEO and not privy to the information he is, but it seems like such a terrible move to me. Do you see it differently? Is it a time of wait and see the promise blossom? freeus |
