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Thursday, 8 January, 2004
 
Little Fund on the Prairie

Here's a column for the CS Monitor editotial pages to consider The myth of the populist stock market csmonitor.com. An idea that i've heard more often recently is the stock market as the new American Homestead. That it will be the market that gives us our American identity, resolve, community. No waving fields of grain, purple mountains majesty, rather Nasdaq and the Dow, that and there is where we will belong. The President believes this and asks we scrap social security and trade in for personal securities.

I hear this talk at the same time I hear the regulators and journalists covering the market admit that todays market lives in two parts one for the big players and insiders - with no real rules that anyone follows, and another one for everyone else. Day traders and small to medium investors, mutual fund folk.
10:26:35 AM    comment [];trackback [];




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