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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BigMoney who wrote (2634)	3/28/2001 3:03:44 PM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

Back in the wild bubble days of 1999 the online brokers and big Wall Street full service brokers would run commerical after commercial on TV that made investing sound like an easy way to make money. They promoted wild and zany characters like Stuart the Ameritrader that promised fun in the market. All you had to do was open up an account. Last night I, while listening to the cosmology of Arthur Jensen in the movie Network, during commercial breaks I noticed a different type of broker ad. I don’t watch TV so maybe these things have been around for sometime. One ad was by Charles Schwab and showed a suited Wall Street type(remember everyone must wear suits now) hold a town hall style meeting of scared investors. He soberly told the people that “these are emotional times” and warned them that “sitting on the sidelines without evaluating your portfolio may be risky.” He then assured them that they can make money in any market by using the portfolio balancing system that Schwab has developed. Another commercial, this one by Fidelity, showed Peter Lynch reassuring investors to weather the storm. How things have changed in a little over a year.BTW - Network is must viewing. One of the best movies ever made. Although it was made in the 1970’s its message is more important than ever.