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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Oeconomicus who wrote (8096)5/1/1998 12:06:00 AM
From: Ploni  Read Replies (1) of 18691
 
Bob,

Did you catch Clinton's press conference today? There were two or three questions about the stock market, though I don't know if they were intelligent questions.

One was something like this: "The government has shown favoritism towards businesses in this stock-market run-up, and has protected some of them. If there's a big correction, what sort of protection will the government offer for individuals?"

I had no idea what she meant exactly, and the President didn't seem to have a clue, either. Maybe she meant that the IMF is happy to bail out banks when they would otherwise collapse. As far as the second part of the question, the only protection is to insure accounts in the event a broker fails. But if an individual stock (or several of them) fail, the investors are out-of-luck. -- What do people want, a guaranteed return with no downside?
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