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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Elroy Jetson who wrote (70566)10/10/2008 3:36:12 PM
From: Maurice Winn2 Recommendations  Read Replies (1) of 74559
 
Elroy, one of my daughters was a drug pusher. Her attitude and mine was that it was for adults who chose to use the stuff which would kill a significant number of them. The pay was good and she worked in one of the big swanky buildings down town. The government collected a LOT of revenue from the business.

<Why blame the drug pusher or the policeman for widespread drug abuse? >

If people choose to buy the drugs, that's their choice and it's not my business. Nor do I wish to pay for police to harass them. Nor to pay politicians to pontificate and make illegal drugs they dislike.

She worked for British American Tobacco. I prefer to have more purpose in my life, but most people just work for money. If you stop paying them, they'll stop doing what they do.

But money is not a drug. It is an essential ingredient of modern life. All the money producers do is supply and essential service and try to ensure it retains value in the long run, while profiting from the supply of that service. What people do with it is their business.

The decline in the Dow is due to people selling lots to rebalance their books, pay off their debts etc. It's not Alan's fault. Nor was it his fault that people went nuts in 1999 and Y2K in the Biotelecosmictechdot.com irrational exuberance. Paying for eyeballs turned out to be not such a great idea. Paying for the promise of eyeballs was even sillier.

Mqurice
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