Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: clochard who wrote (4197)	5/17/1999 8:49:00 AM
From: clochard	Read Replies (1) \| Respond to of 5676

I'm reading an interesting book called "The Bear Book - Survive and Profit in Ferocious Markets" by John Rothchild 1998. The cover shows an old painting by Beard (!) of bears ripping apart and eating bulls in a Wall Street setting. It is a sobering view of the reality behind all that hype about "buy and hold", "for the long term", etc. that the public is fed, when in reality, the inflation-adjusted return of the market looks pretty lackluster. Also, those 10+ percent average returns that are universally believed imply that the market must soon get very dismal to maintain that average, and for a long time too. P.S. Another sickening fund manager on CNBC saying that everythings peachy. Why doesn't CNBC balance these self-interested lobbyists with pragmatists who at least advise a modicum of caution?