Wednesday, January 23, 2008

11 Wall Street...........

This past weekend the Parisian family went to Ground Zero, walked to Trinity church and said a prayer and then strolled down to the corner of Wall and Broad Street to take pictures in front of the New York Stock Exchange.

It is important in this stock market down-draft that we not lose perspective.

It will take some time to cure the ills in the economy. Stimulus packages aside, lower rates aren't a cure-all. Inflation is alive and well.

Don't lose sight of the big picture. Stock ownership solves long-term financial problems. Bears are in control and seem to have the upper hand in the feeding frenzy at the NYSE. This too shall pass. It always has, always will. In your lifetime and mine.

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