Wednesday, February 09, 2011
Passive Investing Misconceptions
Despite 10% (at least) unemployment, ubiquitous bankruptcies, and $100 a barrel oil the Dow hit a 30 month high or something today. When will this insanity end?
Probably soon, as my puts are almost all gone and I haven't any inclination to buy more. I just don't have any desire to have to pay attention to the Wall Street casino any longer - fifteen years of it was plenty! I'm busy and excited trying to reinvent myself as a productive entrepreneur in the realm of education; I'm trying to become what I always should have been on track to become - had my life's script not been hijacked and written by devious third parties.
Remember, a high stock market is TERRIBLE for young people, TERRIBLE for corporate wage slaves.
The only people who benefit from high prices today are those 'old coot' plutocrats - buttholes that control our enslaving Big Government and 'old coot' retirees. Just take a sober look at what all the bailouts are explicitly designed for - to bailout property owners (not people with 25 years left on their mortgage!), to bailout government pensioners, to bailout 'old coot' entitlements, and to bail out stock and bond holders, I.E. WEALTHY OLD PEOPLE THAT DON'T WORK.
All y'all Morons could be buying the market with your monthly and annual retirement contributions at 8k instead of 12k...
I used to rib the plutogogues at Forbes about this all the time.
They would get all geeked up when the stock market upticked and I'd interrogate them, "Look, if you believe the market will be at 40k in 25 years or whatever...if you REALLY believe that then why don't you want stocks to go down? Why don't you want the market to dive so you can CONFIDENTLY buy more at better prices???"
They never had an answer for that not only because they were Morons of *little faith*, but because they were flacks for the monetarily wealthy.