Pissed off. Heck no. But I am NOT looking to blame anyone like you are.
I raise the issue of travel because you seem to not like what you have here. While it's always relative, you should look abround to see what people work for, live for and die for. Then you might appreciate just how good it is to live in the USA. And your damn right, I am patriotic. This country stands for many things other people dream about all their lives.
How many other countries are people sneaking into across all the borders? Take mainland China, for instance. How many people want to go and live there? In fact, people from mainland China sell themselves into quasi-servitude for $50,000/person (US dollars) to get someone to illegally take them to the USA. On a boat, in a filthy cargo-hold for the weeks it takes to cross the Pacific.
You know how many years it takes to pay that off by working in a restaurant? Think about that. Just to come to AMERICA and be FREE. They pay off their debt by working for years for next to nothing just to be here, live here and have a chance at freedom and what you take for granted.
So complain all you want, and look for someone to blame, but you won't find me doing that about my loses.
We agree that confidence is an issue right here, right now. This market is build on confidence to go higher. But until it is a systemic problem, AG's not on the hook. Until there is NO liquidity to buy what you want to sell, it ain't his problem.
However...it becomes his problem when we get to say, 2500 or so on the NAZ, and someone cut the aorta. The FED will act. He did before, and he will again.
But don't wait for that to be smart about your investing, thinking he's the white knight. He'll save the economic system of this world before he'll put a dime back in your pocket because of your investing habits, good or bad.
Quit complaining, looking for a scapegoat. There isn't any. Take you lumps, if you have them, get back in the ring, and be smarter than what you've made yourself out to be by your rhetoric.
As for economics, if interest rates are raised too much, it chokes off the financial lubrication this world runs by. It causes recession, and then depressions. DUH!
You'll spare ME the details? Please don't. I'd love to hear your years of economics training flow onto electronic paper.
I have more background and training in economics and post-graduate work than you'll even hope to have. It's crystal clear how it work. I learned it and I've taught it to graduate students.
In closing, look into yourself real good and hard. Ask yourself if just maybe you got just a wee bit too aggressive or to bold or thought you could gamble on someone buying your stock from you at a higher price than what you paid.
Also take stock in knowing that if you research quality companies, and invest in them, MANY OF YOUR INVESTING GOALS will be realized by investing for the LT. If that bedrock principal fails, then we've got much bigger problems, and so does the world.
So......again, there is no else to blame. Get over it, and move on. You'll be better off if you focus positive energy on investing smartly vs playing the "blame game".
Steve |
