成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线


 
|
|
|
|
|
|
|
|
|
|
 
Why there's no point in getting angry at the markets
作者: Allan Sloan    時(shí)間: 2010年03月05日    來源: 財(cái)富中文網(wǎng)
 位置:專欄         
字體 [   ]        
打印         
發(fā)表評(píng)論        





????By Allan Sloan

????Get out your calendars, folks. It's time to celebrate -- or perhaps mourn -- the 10th anniversary of one of the epic financial events of our time: the peak of the great stock market bubble, in March 2000. That's the month the Nasdaq, Standard & Poor's 500, and Wilshire 5000 all reached new highs, then headed south, big-time. (The Dow industrials peaked that January, but who cares? It's just a crummy 30 stocks.)

????No, this isn't yet another article about the "decade from hell" and the $3.6 trillion of stock market value that Wilshire Associates calculates has vanished since the Wilshire 5000 peaked on Mar. 24, 2000. (The S&P peaked the same day, two weeks after the Nasdaq peaked.)

????Rather, I want to show you how even though popular perceptions of Wall Street and markets and the government's role have changed, the institutions involved haven't changed, and probably never will. As an investor -- or just a plain old citizen -- you'd do well to remember that.

????Here's the deal. For a generation -- August 1982 through March 2000 -- U.S. stocks had their greatest run ever. The S&P returned almost 20% a year, compounded, including reinvested dividends. You doubled your money in less than four years, quadrupled it in a little more than seven. It's the kind of thing that people could get used to, and over a generation, many did. Rising stocks helped pay for retirement, college tuitions, and balancing state and federal budgets. We didn't save, but who cared? The market was making us rich.

????That all came to a screeching halt a decade ago, even though the S&P and Wilshire briefly set new highs in 2007 before tanking again. Now, with the Wilshire and the S&P down 21% and 27%, respectively, from their 2000 highs (as of Monday's market close) and the tech-stock-laden (as we used to call it) Nasdaq down a sickening 55%, America's love affair with stocks has long since turned to hate. People also hate Wall Street, for obvious and understandable reasons. During the bull market we all got a piece of the Street's action. But now, with millions of people still hammered by the Great Recession, the Street is pigging out, barely bothering to pay even lip service to the U.S. taxpayers who saved it by rescuing the world financial system.

????But you should neither love the Street, as people did a decade ago, nor hate it, as many do now. Just understand that the Street's goal is to make money for itself, not to help you or the country or the world.

????Similarly, the Federal Reserve -- beloved during Alan Greenspan's glory days and now being demonized -- remains what it has been since it was founded in 1913: guardian of the financial system. This has come to mean keeping giant institutions alive. That's what the Fed did two years ago when we came close to a worldwide financial meltdown that would have cost millions of jobs. And what will happen again if another meltdown looms.

????In hindsight, the Fed and the U.S. Treasury were way too nice to big Wall Street firms. But there was a panic going on, and the government did the best it could. Which wasn't great, by any means, but was better than having the financial world collapse.

????Regardless of how much "financial reform" is passed in Washington, the Street will find ways to profit at your expense. That's what it does. To counter, you have to watch out for yourself, and remember that there's no such thing as low-risk, high-return investments (can you spell Madoff?) or free lunches. Don't get too greedy, as many people did during the latter stages of the bull market because stocks had done so well for so long.

????The market wasn't benign during the bull market years, and it's not malignant now. It's just ... the market. It takes care of itself. And you'd better take care of yourself by living below your means, doing your homework, and being careful and skeptical. That, my friends, is the true lesson to take from this anniversary.




相關(guān)閱讀
用戶名: 密碼:      匿名


0條評(píng)論          查看更多評(píng)論











国产一级片内射视频播放| 国产在线看片无码人精品| 丁香婷婷激情俺也去俺来也| 女邻居丰满的奶水在线观看| 无码精品一区二区久久久| 日本裸体熟妇一区二区欧美| 欧美激情综合五月天不卡| 欧洲精品不卡1卡2卡| 精品久久久久国产免费| 麻豆成人精品国产免费| 视频一区二区美女引诱| 久久久老熟女一区二区三区| 国产+高潮+白浆+无码| 99久久99久久久精品齐齐| 亚洲AV片不卡无码在线a | 亚洲黄视频在线观看| 国产自愉怕一区二区三区| 中文字幕一区二区三区久久| 黄色国产网站小视频免费观看| 久久久婷婷成人综合激情| 亚洲午夜久久久精品影院| 91精品啪在线观看国产电影| 国产A√精品区二区三区四区| 亚洲日韩第一页涩涩涩| 天天婬欲婬香婬色婬视频播放| 精品少妇人妻av无码专区| 欧美日本一区二区欧美专区一区| 国产精品 1080P 在线精品视频一区二区三四| 人妻91麻豆一区二区三区| 2021777久久人妻少妇嫩草AV| av一本久道久久波多野结衣| 人人人澡人人人妻人人人精品| 精品久久久久久无码中文字幕漫画| 久久久久久黃色網站免費 | 少妇人妻系列1~100| 亚洲欧美一级久久精品| 无码专区AAAAAA免费视频| 伊伊综合在线视频无码| 亚洲乱码国产一区三区久久午夜无码鲁丝片| 97超级碰碰碰人妻中文| 日韩A∨无码成人精品国产|