Wednesday, October 03, 2012
OpEd; Americans DO remember
What are investors telling us on Wall Street? Investors are in CASH. The machines are in equities. The regular citizen has been barraged by media pundits telling them that they must take their life savings and at a time they face retirement, that they should invest in equities. Seniors are not buying it. They are in CASH. What does that tell you and what does that mean for the Presidential election? America does remember the crash of Lehman in 2008. They do remember the white faced President Bush and Secretary of Treasury Paulson speaking on the imminent crisis they faced and the prospects of a complete financial meltdown. So guess what? Americans do not want to go back. They remember. The election is over. Their memory has served the people well.
Posted by Richard Woulfe at 10:48 AM