The investment public, both professional and private are operating in an environment of fear. This will effect the investment and prosperity of our country for years ahead.
The prevailing energy (psychology) is now one of fear.... tempered by caution and a move toward a more conservative approach to decision making in all aspects of investing and life's choices. A great deal has changed in a very short time.
A far more powerful Event then al Qaeda terrorists or Saddam Hussein is the spector of Enron, Worldcom, Tyco, Adelphia, GE, JPM, Chase, Citibank, Martha Stewart.... and the endless numbers of corporate directors/officers who we don't yet know who've altered the landscape of our economic lives.
The economy in this country is virtually at a stand still.
And the people of this nation know they're being thrown into an environment of self sufficiency. They fear for their jobs, fear losing homes to high taxes, fear for their children's safety, and fear for their gasoline and heating oil supplies, and they fear the economic ramifications caused by a hunt for Saddam. |
