NEW YORK — When it seems like there is no hope; when the economy is said to be in “shambles” (as Warren Buffet aptly described it) THAT is exactly the time to take a deep breath, step in and buy stocks.
At least that used to be the common wisdom.
Nowadays, investors are scrambling to sell into strength in an attempt to hang on to whatever money they have left.
Even with stocks at 12-year lows, there doesn’t seem to be anyone willing to buy.
Baby boomers have lost more money than most can realistically recover in time for retirement. Younger workers have seen a decade of savings evaporate.
When discussing the latest headlines of yet another tycoon charged with swindling billions from investors, a friend of mine recently commented, “Ponzi schemes? I think the whole system is one big ponzi scheme
Nowadays, investors are scrambling to sell into strength in an attempt to hang on to whatever money they have left.
Even with stocks at 12-year lows, there doesn’t seem to be anyone willing to buy.
Baby boomers have lost more money than most can realistically recover in time for retirement. Younger workers have seen a decade of savings evaporate.
When discussing the latest headlines of yet another tycoon charged with swindling billions from investors, a friend of mine recently commented, “Ponzi schemes? I think the whole system is one big ponzi scheme
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