Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: donald sew who wrote (4097)	3/26/2001 8:18:21 AM
From: Haim R. Branisteanu	Read Replies (1) of 52237

Donald, I am not sure that your friend was driven only by greed, maybe he acted stupidly as he was "taken in" under social pressure smartly engineered by WS with a basic slogan - "invest for the long term in what WE recommend" - and brain washed by advertising and telephone calls and junk mail. He was scared into believing that Social Security will not be there wen needed and he "needs to take his financial future in the hands of a "profesional" - e.g. his investment adviser". During the last two years value was dismissed and even our Central Bankers denied the fact that we are in a bubble before the Congress - AG said in many words that the markets are smarter and as such the "new era thinking and stock valuation" is a valid one. Even our present President promoted the stock market as a superior financial toll for saving for retirement, with outperforming returns over CD's or US Treasuries. Under such a barrage of brain wash why should he act differently? I am sure he resisted for many years until he finally gave in. I think the blame is partially misplaced. Those who are really to blame still hold their office position and jobs and draw much higher salaries than your friend at a time that there are dozen of laws which if adequately enforced we would not be in the present situation, your friend would not be in dispair, and those people who induced him to do what he has done if directly or indirectly, would sit were they belong in jail. Remember jails are design to protect our society from those inflicting on us physical or financial harm. Your comparison is excellent but can not be applied to your friend situation and many others. Think about what one can afford with his monthly rent in the poorer countries I bet you much higher living standard. It is all relative. BWDIK Haim

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