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Technology Stocks : Intel Corporation (INTC)
INTC 37.51-0.8%3:59 PM EST
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To: Road Walker who wrote (103203)5/11/2000 1:12:00 AM
From: Rob S.  Read Replies (1) of 186894
 
Let's all blame "someone else".

How convenient. There is always someone else to blame for our mistakes. Yes, Wall street is the World's Largest Industry that makes almost nothing except advice and does nothing other than transfer your money around taking a piece of it at each step along the way. We all know that.

You and others bought into the money game. While brokerage pimp analysts were rating stocks Strong buys and updating price targets, rabid investors criticized them for being too conservative. Higher, higher, the sky's the limit. Valuations are passe in the new age economy. Yea right.

Don't blame Greenspan. Greenspan is doing the only rational thing he can - fight hyper bubble craziness and divergence between love feast valuations and everything else. To do otherwise would be a neglect of his job and intellect. To watch while idiot valuations starved legitimate utilization of capital would have gone down as a historical neglect.

Yes, let's blame everything and everyone else except ourselves. Investing is war - other people are more than willing to exchange dreams for your money. Have you bought the Brooklyn Bridge lately?

I'm you just bought someone a new car or villa. Hope you learned something in the process.
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