The Republicans in Congress and Senate have done little to limit criminal activity in the investment world. They want no regulation so that they can still get big political contributions. I would be better off saving aluminum cans and glass bottles for deposit redemption as part of my retirement strategy.
The troubling part is that under the voucher program Congressman Ryan and the Republican Party is proposing, guess who will hold the money in our vouchers? Yep, the stock market AND banks. They will reap a windfall and get to risk our voucher money. It seems a bit problematic to me.
The markets in the short term are a crap shoot. People can and do make money but you have to be fast and smart and you can still lose big time.
The thing is that good solid stocks with products in demand and good balance sheets will provide income through dividends and appreciation over time. However, if you play this game with money you need in the next 1 to 3 years, be prepared to lose. The current bond market is an artificial animal created by the Fed. When it corrects, there will be a lot of pain.
None of this will make much difference if our political leaders do not reach reasonable compromise to resolve our debt issues.
I used to know a guy who worked for the brokerage company called merrill lynch. He said 'they were the biggest bunch of crooks you will ever meet'. He said 'its us first and you second'. He said 'the sales meetings on monday morning were all about what we could cram down your throat'.
and that was 10 years ago. I ask you, have the headlines changed any in the last 10 years? Its just a legalized pyramid scheme where they make all the rules.................. and the politicians on the senate banking committee have to listen to the wall street lobbysts, as the wall street boys are their biggest campaign contributers.......go figure.
Its a sweet deal when the wall street boys are allowed to support the regulators re election campaign. No conflict of interest here??? and its all legal.
"Be greedy when others are fearful" Warren Buffett. Almost 3/4 of the people are saying stay out of the market. Stock Market is trading at 13 times earnings. In 1999 when 3/4 of the people polled would have said they do trust the market it was trading at 21 times earnings. People are hedged for the worst (US 10 Year Treasury at 1.55%) and stocks are the most unpopular investment in nearly 3o years. Unlike Japan we have immigration, a large young population and a growing economy. This is the best time to get into stocks in a generation.