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


To: Enigma who wrote (6367)6/27/2002 12:01:14 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 33421
 
How can you suggest that the current administration is responsible at all? The current administration was handed a big steaming pile of crap to deal with. The bailing wire and duct tape that was holding the economy and the market together was already falling apart before the election. The current administration simply has the cleanup job.

I think that there is plenty of blame to go around. From the FOMC, to the corporate execs, to wall street and "yes", to the retail investor who wanted to get rich without actually earning it.

And being one of those employees that worked at a company whose stock did a swan dive, I know what it was like to see my huge nest egg dwindle at an extreme rate. The question that I have to ask myself is "did I ever really earn that huge nest egg in the first place?". I was rich for a couple of days from my stock options, but really, did I deserve it?

Go after the bad guys, absolutely, but don't dismiss the Caveat Emptor part. We all had our part.