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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (4166)3/26/2001 12:19:02 PM
From: Haim R. Branisteanu  Respond to of 52237
 
Donald in respect to the fact the fact that people should be responsible for their life and well being is not disputed. Unfortunately many do not or are incapable of taking care of their finances. That is why society instated the Social Security system all over the world.

On last point I want to make and side with your friend is that he was duped into a belief that is and was wrong, by people and entities who have a responsibility to care and promote the well being of the people.

A car sales man promotes it's low prices on this wonderful car, you use it you touch it you enjoy it, If you overpaid you still have the car the same to a RE salesman selling you a home, you can still live in that home for many years, still you are protected and can cancel the transaction if not performing as advertised not so with financial assets and more so to stocks or mutual funds ........ under the pretext that you buy at "an open to all auction" .......... but did you???

Same would apply to government officials and government agencies we expect from them to guide us to our well being and not to our ruin. War disasters or financial disasters are similar in many ways. Do you expect from the government to protect your well being from our enemies? ........... goes without questioning, .......... do you persecute those hurting the US Security for passing information for monetary gain or ideology ............ sure you do ............ but what is the difference in the damage of transferring classified documents to an enemy to issuing or promoting a worthless stocks to the public at large ? ........... in both cases substantial damage will incur to the public.

Those promoting those stocks knew it was not worth it. Further can you tell me that the FED governors or AG do not know to read balance sheets, or the presidential economic adviser are clue less.

The sad part is that promoting and defending the bubble, it was all done for personal gain if monetary gain, statue, to be elected to, or to remain in office or just pure political gain.

It is very convenient to put the blame on the little guy and label his greed as his shortfall, my point is that your friend and millions of others all over the world did not made their decisions in a vacuum they were guided by those who were, or are entrusted with the task of caring for their well being ........ and as such wen doing the opposite for some gain (not necessarily monetary) it is not just a pure mistake this is a breach of trust and is the same type of crime as treason.

Rest my case

Haim