Wayne, No options market in 67. We did have a nutburger President from Texas promising us guns and butter and a great society after we kill all the people who don't look like us. Then, too, we tried to run a war without the population as a whole making any sacrifices while a few made the ultimate sacrifice. However, in those days, everyone thought war was good for the market, so whenever there were peace overtures, the market tanked. Anyone who questioned the validity of The Tonkin Gulf Incident was a traitor and a coward. Pretty much the same story today.
Totally the same, market prices were manipulated by a handful of go-go fund managers. Giants of that period included Fred Carr, The Ivest Fund and the giant of giants, my old boss, Gerry Tsai. Gerry took his bulk trading ways and left Fidelity to start his own firm, and his mutual funds brought in more money at the offering than any in history. At the top, of course. Many, many were caught playing stocks long or short against Gerry, correctly, and getting badly burned due to his buying power and those who followed his lead. The nation was so caught up in the scamajamma that even Tricky Dick said, "If I had any money, I'd buy stock." At the next top. <g>. So, some of the techniques have been tweaked, but the casino still has pit bosses watching your action. <g> |
