Search This Blog

Thursday, December 23, 2010

Quote of the Day- Stock Market 12/23/10


 "If you're in your 20s and are just starting to save for retirement, you've seen the market drop 55%, climb 88%, and drop again in a short span...If you're in your 30s and have been saving for the past decade, you've seen the stock market return essentially 0%," said Vanguard Chief Executive Bill McNabb

~  The stock market is one big Ponzi scheme and it keeps rising Solely because of hundreds upon hundreds of billions of dollars of fresh money injected by the Fed in the hopes it can re-attract young & mom & pop investors back so that eventually the government can take its money back out.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.