Reply to I have mixed feelings when the market is doing well while people are losing their jobs

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[quote=Anonymous][quote=Anonymous][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]

The greed is driven by fear. 
No one wants to be the ones left behind in a game that increasingly results in winner-take-all, so they do their best to be the ones at the top of the K.[/quote]

Very true. I wonder if this the reason gambling is significantly up. I'm very concerned for the younger generation particularly with their appetite for gambling. To me it seems like they may not see a future for themselves or the country.

Seriously, gambling on the color of the Gatorade shower on the winning coach? Wow

This administration wants to tp deregulate everything and takes a hand off approach..of course many of them are rich and their kids will be okay.

But when your own allies in Utah think you have gone too far and will sure you if needed, that:s all you need to know. [/quote]

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