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发表于 2010-11-19 01:43 PM
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There is very "interesting" article today from Reuters
http://www.reuters.com/article/idUSTRE6AI28W20101119
Special report: A far from random walk from Wall Street
A reader's comments:
This article does not take into consider the wise perception that most prudent investors have about today’s market. The random walk theory had merit when applied to a market that is comprised of investors and had a fair value.
-Today’s market is now bloated with retirement money and these folks cannot afford the risk (The 401K system turned markets into pension plans)
-Financial institutions have reached a milestone in corruption.
-Management of our funds is now abused by day-trading tactics at the highest level; very little prudent investment. Complex computer algorithms manipulate trades for selfish gains and your investment is basically an afterthought. We have no idea how this artificial influence plays with the proper valuation of the market.
-The current financial problem is NOT a “normal” cyclical event. This problem is structural and systemic. It spans the entire western economy and major country are insolvent.
-Leadership in the US government is almost non-existent. They want to preach about separation of church and state, yet these people are the most religious zealots whose so called leadership is premised on ideology. They are about as far from realistic, prudent, and pragmatic as you can get. Does the author of this article understand the enormity of just one trillion dollars, let alone tens of trillions? This problem is more complex that our ability to understand it and perhaps deal with it. We are operating in hope mode.
-The first rule in making money is not losing it. |
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