Wednesday, November 12, 2008

Stocks - Should anyone own them?

Business Week recently ran an article that begged the question: Should anyone own stocks anymore and why? The devastation in the stock market has taken a nasty toll on corporations, government revenues, retirement plans, workers, retirees, etc.

To me the answer is a definite yes. We want to reward those that are willing to take risks and that go to work. The stock market is a liquid way to do that.

It's simply time for a heavy dose of optimism to void the self-fulfilling aggregate weakness that results from protectionism, fear and pessimissim.

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