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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Simba who wrote (151890)2/18/2002 9:25:17 AM
From: KeepItSimple  Read Replies (1) of 436258
 
That article was merely a long-winded version of the fundamental fact that everyone involved in an equity market cannot profit from it. The adage of "sell to whom" was quite appropriate at nasdaq 5000.

In other words, our markets are a pyramid scheme, and the goal of capitalism is to be the first one to cash out while the masses get screwed. Which shouldn't make the winners guilty, because democracy is designed to redistribute (steal) wealth from those who have it. Screwing the masses through an equity bubble was just a wonderful way of payback for legal confiscation of assets by the mob rule of democratic taxes.

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"successful capitalism in a democracy is about privatizing much of the upside of booms and socializing the downside of busts. "
pimco.com
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