Jimbo

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  • Is This a Permanent or Temporary Loss of Capital?
    I concur with the author's opinion and conclusion. My wife and I own only one bank( a small regional one). My philosophy is to pay most attention to the stock, not the stock market. If the fundamentals of a stock are sound, don't cut and run. Even conservative investments such as electric utilities seem to have a certain amount of "hot" money which moves in or out on the first hint of any kind. This seems to me to be plain stupid. I do think JCC is correct. I remember thinking when Glass-Steagall was repealed that it was a big mistake. Phil Gramm may be culpable for this situation. The market seems to develop Alzheimer's after so many years.
    Sep 28 10:56 am |Rating: 0 0 |Link to Comment |View article

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