Dreadful market. You are not on margin are you?
A little perspective, might help you feel better:
A month or so ago my wife and I dropped our Teevee
subscription down to this really basic package of
a few kids stations, PBS, 'Oxygen', and a couple
of God stations. Anyway, one of the channels is
called "Worldlink".
worldlinktv.com
I am telling you, the programming on that station is
the cure for the goodbye-wealth-effect blues. I watched
part of a documentary the other day--Bangladesh. This
stuff could put even the most hardened short selling
hedge fund bastard in tears.
Extreme poverty.
Tuberculosis.
So...when I think about how those fellas at Genset
contributed to, lessee, about eight percent of my
wealth going away, perhaps forever, all I can say
is I'm damn lucky I was born in the U.S. and have
the luxury of getting ripped off my Mr. Stock Market.
They said a third of the wealth, something like
$12Trillion, that was generated in the 1990s has
gone away so far. Greenspan should have gone in front
of Congress five years ago and had them increase
the cap gains tax. That would have been a much
better way of deflating Wall Street then letting
it rise, then crash. And we could have spent the money
on Bangladesh, or whatever.
Anyway, I nearly bought 2000 shares of Genaissance the
other day...well I checked the quote tonight, and whack!
That's a few grand that is still in my pocket, thank
goodness--I'll have to see if the wife will go for a
third world charity. Why piss it all away on this market?
About a third of my assets are in stocks, and each day
they get raided by Mr. Market.
What a waste. |
