I’ve been disgusted with the drastic oversimplification many news agencies have taken to the volatile markets as of late. Maybe it’s just I feel these articles solely focus on the problem without really mentioning the solution. Have those of us who are investors come to rely on these types of articles for after-the-fact acknowledgement.
I feel as though the stock market is making as much progress as a dog who is chasing his tail. Granted, it’s fallen alot, but the adjustments (intervention) the government has made will serve to only deepen the wound. I hated the bailout arguments indicating a company won’t be able to make payroll unless the bill was approved, or that your 401k depended on it as well.
Anyone remember Alan Greenspan’s Briefcase Indicator?
When will most Americans learn that the government is really only good taking and not very good at giving to an individual? And remember, the individual is the true minority.