hi Roadkill,
F*ck the "equity risk premium" and all that goes with it. I'm not selling a single share Monday for one simple reason: IMO, to sell is unAmerican, unpatriotic and weak...
holding every share of every company I own for the foreseeable future. I'll even buy more. Why? To make a point to the world's terrorists in my own silly way: You can't scare Americans, so don't even bother trying. What's the worse that happens? I lose all my money? So what?
your comments are a sad reminder to me of how Wall St. seems imo to sell individual investors down the river. in my opinion, the Plunge Protection Team is not your friend! check this out>>
vny.com
This is not what the brokerage community is saying. In public statements,
many of them are propagating a myth that the market Monday might open higher
than it closed last Monday, and they are exhorting investors to "invest
$100" to show commitment to defeating terrorism. Further, the brokerage
community has persuaded the Securities and Exchange Commission to relax its
restrictions on companies buying back their own shares. The first to charge
through this new loophole (which allows companies to goose the stock price
for the benefit of management holders of stock options) is, not
surprisingly, Cisco, with a $3 billion stock repurchase program announced
Friday morning.
If, as is likely, these strategies work, at least for the first few
trading hours of Monday, then brokers will be able to unwind their long
positions at the expense of the American public, as well as of overseas
investors in Europe and Asia. Essentially, investors will be providing a
free gift to the brokerage community. |
