If Goldman Sachs offered to sell you AAA rated collateralized debt obligations, would you take the deal? What if Bernie Madoff opened a new investment fund? Would you hand over your precious savings?
What makes you think that the equity market is any different, since it is being ladled out by the same unreformed and underregulated financial machine that has been defrauding customers and selling mispriced financial assets for over ten years?
Oh, but this is different. These investments are 'real companies' with 'real earnings.' After all, this is not 1999 or 2007. Now you have Dodd-Frank directing the SEC and the CFTC to crack down on the insiders and protect your investments.
And the average 'ownership' time for a share of stock is under a New York minute, with the potential for the market to vaporize while you go to sleep or even step out for lunch. Oops, we pushed a button, and all your money is gone. But this cannot be, because at the Fed, and the NYSE, and the City of London serving the public interest openly and transparently is job one. Just ask them if this is not so.
Little wonder that the ruling elite of the US and Europe hold the investing public and the rest of the world in complete contempt.
