It's mostly the financial chicanery that's going on. People are saying 'What kind of trust can we put in this market?'
Sentiment: NEGATIVE
In order to work well, markets need a basic level of trust.
Where large sums of money are concerned, it is advisable to trust nobody.
Trust is central to an economy that works.
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
The market, as we're all painfully aware in the aftermath of the banking crisis, can be an idiot. It has no perception of right or wrong, or even sensible or insane. It sees profit.
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
The thing that makes reading and writing suspect in the eyes of the market economy is that it's not corrupted.
I believe that the market is slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they're doing. And so the confidence level of investors is diminishing, in my view.
Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.
I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest even when the future is unclear, and great people.
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