Thursday, January 31, 2008

MG, The tragic tale of the last fool in line

The tragic tale of the last fool in line
By The Mogambo Guru

this is one of the few things in the world of economics and finance that I comprehend exactly; when more people are selling something than there are people buying it, then the price goes down, and that means that when there are more people selling stocks than are buying them, the stock market goes down, and all those people who owned those stocks took another loss, and then a tiny bit of incrementally more people one day, suddenly, sit up in bed, alarmed and afraid, and say, "Hey! That Stupid Mogambo Halfwit (SMH) was right about investing for the long term in the stock market; it can't be done for the vast majority of people, and only a tiny minority of people will make money from owning stocks! The majority of us must lose! Damn!"

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