mark500
Recycles dryer sheets
- Joined
- Feb 26, 2006
- Messages
- 146
Recently, I have lost a lot of faith in the market. Not related to the stock market losses per se. I knew the market could drop 45% at some point and had planned by portfolio to withstand a severe bear market, with a tolerable hair cut.
It seems, as Jack Bogle has said, that too many "speculators" exist. Bear raids, CDSwaps, ramping, wash sales. Hedge funds, lightly regulated investment partnerships, operate with little oversight. Intellectually weak legislators corrupted by lobbyists. Lack of the uptick rule. I don't really even understand half of it really. Are big institutions manipulating the illiquid muni market? All these Wall street "experts" were mostly overpaid morons with trumped up pedigrees. I am happy that Thain did not get his $10 million dollar bonus...nothing personal.
Maybe this is a good sign. If my emotional side is capitulating, maybe we are at the bottom.
It seems, as Jack Bogle has said, that too many "speculators" exist. Bear raids, CDSwaps, ramping, wash sales. Hedge funds, lightly regulated investment partnerships, operate with little oversight. Intellectually weak legislators corrupted by lobbyists. Lack of the uptick rule. I don't really even understand half of it really. Are big institutions manipulating the illiquid muni market? All these Wall street "experts" were mostly overpaid morons with trumped up pedigrees. I am happy that Thain did not get his $10 million dollar bonus...nothing personal.
Maybe this is a good sign. If my emotional side is capitulating, maybe we are at the bottom.