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I would love to think you're correct and maybe you will be. I do think these events will characterize a major milepost in our financial history. Historically, W
by rjett 18y ago
I would love to think you're correct and maybe you will be. I do think these events will characterize a major milepost in our financial history. Historically, Wall Street has trimmed the fat during bust cycles and then hired fresh faces when things turn around only to have these new people make the same old mistakes 5 or 10 years into their employment when the market goes through a correction. If what we are seeing is such a cycle, and we are nearing the bottom or the "trough" of this current cycle, then anybody getting hired to start next summer will be getting into the industry at a good time...that's where I got the buying low and selling high. Perhaps this series of events will buck the trend though...you never know.