Quote:
Originally Posted by murp0434
It seems to me that we started hearing that the market was bullish after people in power (ie moneyed individuals) realized that as long as the media reported that the market was down/dismal/etc. then average joes would not invest in there "sure thing" blue chips, or anything in general. As soon as the newsmedia (see CNBC or "mad-money" Kramer) starts telling people that it's A-OK to invest again, they will. It's a self-fulfilling prophecy.
There is money to be made in either a bull or bear scenario, and the smart investor knows this. But, as stated above, most investment firms are long-term oriented and prefer bull markets. Hence the effort to bring the masses back to the stock market via mass-media propaganda.
Maybe I should have posted this under "tilted conspiracies"...
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Bear markets tend to crush almost everyone involved.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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