The Great Inflation Of The 1970s Destroyed

There Is A Kind Of Fear, Approaching A Panic, That's Spreading Through The Baby Boom Generation, Which Has Suddenly Discovered That It Will Have To Provide For Its Own Retirement.

In The 1920s, Wall Street Was A World That Was Really Dominated By Professional Speculators And Stock Pools. These People Had A Monopoly Over Information.

You Don't Want Too Much Fear In A Market, Because People Will Be Blinded To Some Very Good Buying Opportunities. You Don't Want Too Much Complacency Because People Will Be Blinded To Some Risk.

The American Public Historically Was Really Not Part Of The Stock Market.

If You Go Back To The Time Of J.p. Morgan, The World Of High Finance Was Completely Wholesale. The Prestigious Investment Banks On Wall Street Appealed Exclusively To Large Corporations, Governments, And To Extremely Wealthy Individuals.