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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (10908)3/30/2004 8:54:55 PM
From: Sig  Read Replies (1) | Respond to of 110194
 
<<30% of S&P mktcap tied to financial companies
plus another 10% of S&P profits come from financial subsidiaries of non-fin corporations
so one could conclude that 40% or so of US major corporations are financial in nature
this is horrendous >>

Thats one part of the market that has me concerned, the sheer quantity people playing with an investors dollar.
All the newsletters, analysts funds, brokers, bank, and mortgage writers, take a chip out of the value of an equity.
If people did not continually add money to equities they would get eaten away.

I'm not worried about it yet-have more or less given up the old buy-and-hold strategy on name-brand stocks anyway.

But I do resent having to go to trading to make a decent living. Its a lot of work.

Hope you are doing well

Sig