J jeb9999 Oct 7, 2008 #2 The people on main street are financial morons. #1 rule has always been to preserve your capital.
peilthetraveler Oct 7, 2008 #3 Quote from jeb9999: The people on main street are financial morons. #1 rule has always been to preserve your capital. More... Looks like the people on wall st are too, what with the down fall of LEH, BSC, WM, ect... Maybe Rule 1 should just be "The trend is your friend"
Quote from jeb9999: The people on main street are financial morons. #1 rule has always been to preserve your capital. More... Looks like the people on wall st are too, what with the down fall of LEH, BSC, WM, ect... Maybe Rule 1 should just be "The trend is your friend"
J jeb9999 Oct 7, 2008 #4 Quote from peilthetraveler: Looks like the people on wall st are too, what with the down fall of LEH, BSC, WM, ect... Maybe Rule 1 should just be "The trend is your friend" More... I repeat: #1 rule has always been to preserve your capital. The losers on Wall St got greedy and ignored rule #1. The combination of greed and excess leverage will always end up in a blowup. Being smart or stupid doesn't matter when you are greedy.
Quote from peilthetraveler: Looks like the people on wall st are too, what with the down fall of LEH, BSC, WM, ect... Maybe Rule 1 should just be "The trend is your friend" More... I repeat: #1 rule has always been to preserve your capital. The losers on Wall St got greedy and ignored rule #1. The combination of greed and excess leverage will always end up in a blowup. Being smart or stupid doesn't matter when you are greedy.
D Debaser82 Oct 8, 2008 #5 Listen to main street, not Wall Street. You can learn more from a hooker about the state of the economy than you could from the chairman of the FED. Come on people this is basic stuff.
Listen to main street, not Wall Street. You can learn more from a hooker about the state of the economy than you could from the chairman of the FED. Come on people this is basic stuff.
