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Strategies & Market Trends : Three Amigos Stock Thread

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To: James Strauss who wrote (4832)	5/17/1998 9:28:00 AM
From: Sam Ferguson	Read Replies (1) of 29382

I agree with your post. Bubbles come usually from unexpected sources at unexpected times. There are thousands of reasons that could change world situations. Natural disasters, snowballing bank and stock brokers financial disasters. Nuclear war. Political wars that shake confidence. My biggest worry is that the options market borrows your stock to create a supposed value in another market. It all depends upon the banks and brokers who have such a high percentage of our wealth in their control. One security is backed by another debt security by another debt security etc. I am afraid the nations pensions are going to be ripped off like the retirement funds of the unions or company controlled retirements. I saw this with Eastern Airlines when Frank Lorenzo busted the company. I also remember the failed Washington state bonds. Investing has turned into a refined form of gambling with day trading, second level quotes and get rich quick schemes. Its fine for the winners but the odds are against it. Fundamentally sound investments are swept along in the tide when crashes do occur. The adage still applies: Invest only that amount you are willing to lose.

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