I believe we have reached a point in which hedge fund and institutional investors completely dictate Wall Street.
I don't have any research to prove this yet, but I have common sense, and it is telling me that things aren't adding up. Couple that with the government thinking it needs to keep free enterprise from failing and you have a complete disaster. The market can never correct itself if our government can step in a will and save companies they choose.
I didn't live through the depression but I now understand why folks who did, do the things they do.
One might say get all your cash and hold it. However, you will still lose money due to inflation, so it is really a lose lose situation.
Tuesday, October 7, 2008
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