Quote:
Originally Posted by competentone
Why trade in the markets if the guys you are trading against get to push the taxpayer at gunpoint to the trading floor to bail out their losing positions?
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I took a lot of money out of equities in fall 05. It's been hard for me to commit money back, because I also believe the game is rigged, to some extent.
It bothers me the economy is hinged on consumer demand. It will go on until it can't.
Where does that leave me? A boatload of cash sitting in a 2.xx% savings account.
It really doesn't bother me. I sleep really well, so I must be doing something right. Besides, I wouldn't be sitting on a pile o' cash were it not for 'consumer demand.'
I know better times will come. My only weakness is patience...