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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (6047)5/2/2002 12:48:01 AM
From: John Pitera  Read Replies (4) | Respond to of 33421
 
The fact that stocks have gone down the last two years, says nothing about whether stocks will go up or down this year.

certainly this is true. 20 years ago and 40 years ago we did not have this huge pool of people's retirement money in self-directed investments.

It's hard to underestimate the significance on the American worker of the migration from a defined benefit system of our parents and grandparents and the defined contribution plans we now have.

Plus... people are living longer!.

There is a tremendous need for realistic retirement investment counsel.

But the honest to God truth unfortunately is that people have always made imprudent investment decisions. That dates back to before recorded history.



To: Jacob Snyder who wrote (6047)5/2/2002 2:06:25 PM
From: Terry Whitman  Read Replies (1) | Respond to of 33421
 
Well said, Jacob Snyder. You have described Wall St. accurately and concisely, IMHO.

>Which just continues the usual pattern: the professionals recommend whatever has worked in the recent past, and their recommendations have little correlation with what is going to work in the future. The fact that stocks have gone down the last two years, says nothing about whether stocks will go up or down this year. <


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