John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jacob Snyder who wrote (6047)	5/2/2002 12:48:01 AM
From: John Pitera	Read Replies (4) of 33421

The fact that stocks have gone down the last two years, says nothing about whether stocks will go up or down this year. certainly this is true. 20 years ago and 40 years ago we did not have this huge pool of people's retirement money in self-directed investments. It's hard to underestimate the significance on the American worker of the migration from a defined benefit system of our parents and grandparents and the defined contribution plans we now have. Plus... people are living longer!. There is a tremendous need for realistic retirement investment counsel. But the honest to God truth unfortunately is that people have always made imprudent investment decisions. That dates back to before recorded history.

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