And the almighty stock market, which is being touted as the savior of all, is no longer looked at as an investment. It is now just there to take profit when it's there and to hell with the corporation's future.
Yes, quite correct......but as I said, there is plenty of blame to go around.
Some poster above actually said to me 'these are union guys, NOT investors"......and he must have been asleep for the last 15 years. Any 'union guy' knocking down upper-5-to-6-figures per year is DEFINITELY an investor in one form or another.
We get on our computers with high-speed Internet access and we watch our stocks, our mutual funds, etc. by the blood HOUR, sometimes less.......and 'we' react accordingly.
Wall Street responds......you know the rest.
It's a mindset; 'give me mine, NOW'. We, as Americans, never think long term. Ever. EVER.