Obviously I should have been more specific.
To say that <<middle and higher class workers ... go blindly along what that his broker tells him>> is naive.
Further, to say that factory workers who might loose [sic] jobs aren't in the market anyway is also erroneous.
Do you know that every employee of HD, for example, taking this discussion out of the manufacturing sector for a moment, has a pension plan/full benefits? MMM has dozens of plants worldwide and every full-time factory worker has same vested interest as those 'middle and high class' white-collar managers.
You seem to imply that all 'workers' -- factory, middle and upper management alike -- are rather stupid and unknowledgeable about their own finances.
Is this what you intended to say here?
401Ks for 'factory workers' have, well, WHAT, in them, if not stocks?
And I find the arrogance in your post in this remark:
<<#3 The people who sold at the bottom and didnt buy were idiots that shouldnt be in the market anyways, people who bot on stock tips and did not know anything about the stocks or what they were buying. If someone owned all those stupid dot.coms, these r the type of investors we dont need anyways.>>
I really don't mean anything personal 'against' you, horsegirl ... I simply found your remarks to be, as I said, naive.
Have a good weekend.
'b-i-a' |