Monday’s Bob Greene column again proved what a misguided fool he is.
Like many others I received a chain email encouraging Americans to buy stock upon the reopening of the markets following the WTC attacks in an effort to thumb our noses at the terrorists. This Monday, Greene took credit for the idea and blamed it’s failure on the “big money guys” who were “smirking” at the average Joe hard-working American while they plotted massive layoffs and engaged in profit taking at the market’s opening. Apparently BG doesn’t understand that the market is self correcting and making knee-jerk investments based on the emotions of the moment are doomed for failure and generally a bad idea. I’m certainly no stock market expert, but I’m sure those who invest wisely following the attacks will be rewarded when the market rebounds as it’s sure to do sooner or later. And does he really believe those who sold off at the market’s reopening were engaged in “profit taking” when stocks were sinking like a rock from the opening bell and have been for some time?
Bob Greene has long made a career of whining about the demise of the good 'ol days, (of which he’s too young to have been a part of) and championing the cause of the “little guy”, as if he didn’t recieve a paycheck from the Chicago Tribune Co., one of the biggest conservative publishing empires on the planet . :rolleyes: