Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Investor2 who wrote (798)	7/8/1997 12:32:00 AM
From: wooden ships	of 42834

I2: Relevant to this topic is an article in the 7 July 1997 WSJ about the surfeit of newly minted millionaires who, mostly by dint of luck(as the subjects confess it), invested modest sums over the years in the market via 401K plans and the like. The article high- lighted those who are now a) working as a hobby or b) retiring early. Notable was the apparent sanguinity and complacency cum smugness of many of those interviewed whose fortunes are ensconced in a seemingly toppy market. On 7 July, Rush Limbaugh noted that this veritably ineluctable bull stock market was beginning "to affect everything in our society," as he put it. I look around and see many convictionless (cf. Yeats's "Second Coming") cows buoyed by the rising market and content in their vision of a secure future, at least at first glance. On second glance, I note that these same cattle are grazing on sheaves of paper. It is to wondered whether said cows will understand what is about to befall them on that day when, inevitably, they follow their sisters to certain slaughter.

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