I found an article
today that I've just got to read to you verbatim. As you
read this, see if any alarm bells go off for you...
"U.S. stocks finished a week of extraordinary highs, with
the Dow Jones industrial average and the Standard & Poor's
500-stock index surging to record levels and the tech-heavy
Nasdaq rising to a more than six-year high." Ding.
"It's the strongest global market that we've seen in the
history of measuring these things." Ding, ding.
"When the market opens today, the Dow will flirt with a
record-breaking 14,000 points." Ding, ding, ding.
"The psychological significance of breaking a Dow milestone,
some experts said, could help propel the index to 15,000 by
year's end." Ding, ding, ding, ding, ding.
How short are our memories? This is the exact same garbage
that was being peddled to us back in 2000 to justify how a
pet supply company, just because it was on-line -- was
really worth millions of dollars.
The Real Story is that we have successfully created another
bubble and articles like that one prove it. Those exact
same things were being written during the "no-lose" internet
stock era; then during the real estate bubble -- we still
don't even know how bad that will get -- and now they're
being written about the entire stock market.
So what that oil prices are near record highs, gas is over
$3 dollars a gallon, Iran is playing nuclear blackmail and
al-Qaeda wants to launch a spectacular attack against
us...the market is just climbing a "wall of worry" if you
listen to the experts...nothing to be afraid of. Now go buy
some more stock.
I know this kind of nonsense appeals to that "get rich
quick" side of us all, but that's exactly why you should
ignore it and use some common sense. Lasting wealth isn't
made when everyone is talking about Dow 15,000, it's made
when no one is talking about it. |
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the media has it all wrong, we want to hear from you! Send
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