A Story of Lost Suitors
Once upon our time a young carefree American
population became consumed by the lust and desire to gain more and more
money. An itch slowly turned into an insatiable appetite to attract the
opposite sexy sectors.
The stock pickers in the fields of Wall Street
fell head over heels for greedy gain. The love affair with stocks became
an emotional gyration of worship or abomination: One day the analyst will
fall in love with a stock at $60 but if his love is ill founded a divorce
is announced when the stock is trading at $15. This is a very costly
affair. Why didn't the analyst keep his affair a secret?
Today in America 86,000,000 million people are
invested in the stock market and all have been invited to the wedding.
Will it be a fairy tale of mutual fund respect or a story of a romance
that ended on the rocks of ignorance?
For a lasting relationship we must know all about
our partner before we commit ourselves to an agreement that could end
abruptly. Love soon turns to hate -- Greed to fear.
The way the public has been hoodwinked by the
establishment is nothing short of a money hunting suitor looking for a
dumb rich bride. The folks who organize the wedding get paid no matter if
the wedding is a success or not. So it is with the stock market. Each
brick in the stock brokers building is paid for by the guests invited to
the wedding taking place in the grand ballroom of investments.
Oh! What fun we had. We were wined and dined.
There were many fine speeches of how "It is different this time"
We clapped and cheered as our stocks rose for encore after encore. We
enjoyed our conjugal rights issues, not to mention the IPO's (Intoxicate
and Pass Out) Then with a final bow last March the illusion went pop.
Now the love affair is over and we count the
cost. It is always the innocent that get hurt when the deception of a
treacherous impostor is assumed as our truths. The stock market is a
ravenous master-baiter that sends out it's match makers in search of the
gullible. A labyrinth of tangled information and misinformation leaves
guests scratching their heads in a jungle of confusion.
Many folks are now counting the cost of the match
makers from hell. And yet most of the matchmakers were innocent young men
and women who believed the lies of greed fed by amour-propre on the
rampage.
The ego is a monster liar and will send out many
invitations to engage in a matrimony of money and wealth. This
double-dealing ‘end – dead' as an undertaking of bankrupt partners.
A divorce from our hard earned money has been an
affair with no lawyers needed to part us from our money. Folks lose their
highly paid jobs as brokers and analysts, whist the shell shocked investor
walks home broke. A fine affair has ended and the participant are poorer
but wiser.
But are they?
The next bull market is seen in the distance by a
young scout who has been sent out to groom a beau to match up with the
most beautiful nuptial stock in the world. As a new love story begins we
hear the wind rattle the pain of a widow who's dead portfolio rests in
pieces. --M. L.
***
If we leap to far to fast we may need to backtrack a little. If the gap we
made is too large we will jump into the hole we made.
--M. L.
***
