>>Investors have now reached the point where they're tired of anticipating the rebound and sick of continuously reacting to a stream of bad news, including the almost daily scandals surrounding the wrongdoing of Corporate America.<<
Actually, I was sick of the scandals before I ever heard of Enron's crooks, long ago. A lot of snickering occurred about MM's, brokers, overinflated valuations, overpaid stuffed shirts, etc, even as the mkt boomed.
Now I'm merely amused at all the politicians wringing their hands and saying: "Heavens to Betsey! We had no idea!"
Of course, they had overinflated IQs and were immorally addicted to the graft called campaign finance.
There is an aura of illegitimacy and 'everything for a buck' that stained the era, and when 'everything' included honor, honesty, loyalty, compassion and faith (which got traded in for the equivalent of Happy Meal coupons), is it any surprise that now, with insider rats bailing from many sinking ships, that the Moms & Pops of IRA & 401K land are cheated once again?
Naw. The only real surprise is that Mom & Pop forgot that a rat by any other set of whiskers, remains a rat. |
