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Reply to "I have mixed feelings when the market is doing well while people are losing their jobs"
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[quote=Anonymous]I know it's a terrible thing to say, but for the sake of new and younger investors we need a sustained correction in this market. Don't blame corporations. Our greed is to blame. There used to be a time when a 7% return was amazing. Heck even a 5% is nothing to looked down upon. Now forget it. People are making assumptions of yearly 10%+ return year after it's not sustainable. Unfortunately this greed doesn't end in finance..we see it everywhere. We want bigger and faster athletes. We want more home runs. We want bigger homes. We want more more more. We will pay a steep price for this greed. [/quote]
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