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To: SkyPilot

Yep, this was part of the problem. Investing became “amateur hour”, how else could you account for the ridiculous P/E ratios that were out there. Also the amateurs are much more easily swayed by emotion, than sound financial principles.


54 posted on 02/16/2009 11:34:18 AM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: dfwgator

Mutual funds were supposed to be the savior for amateurs. Spread the risk, diversify across sectors.


55 posted on 02/16/2009 11:55:17 AM PST by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: dfwgator
Investing became “amateur hour”, how else could you account for the ridiculous P/E ratios that were out there.

Amen.

The Bernie Madoff's had their Ponzi Scheme. But that was peanuts compared to Social Security, Medicaid, and the rest of this %$%& - and everyone knows it.

The "Community Reinvestment Act" under Clinton gave birth to "Redlining" - which meant banks were forced to give bad loans to people who could never hope to pay it back.

Americans who signed "Liar Loans" are guilty of their own greed, and deserve to live on the street. Now, Obama the Hitler is vowing to "FORGIVE" their loans this week based on income and race.

The REST of us will pick up the Tab. There is going to be a Tax Revolt in America the likes that no one could have foreseen. Moreover, Alaska will succeed and become its own Nation.


56 posted on 02/16/2009 12:56:07 PM PST by SkyPilot
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To: dfwgator
"Also the amateurs are much more easily swayed by emotion, than sound financial principles."

Sounds like a money making opportunity!

58 posted on 02/16/2009 1:04:37 PM PST by Uncle Miltie (A trillion here, a trillion there, and pretty soon youÂ’re talking about Zimbabwe money.)
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