Entitled, “Chicken Little’s Brethen, on the Trading Floor,” Ben Stein follows the panic around Wall Street, Main Street, and yes folks, our own San Francisco Streets!
“This economy is extremely strong. Profits are superb. The world economy is exploding with growth. To be sure, terrible problems lurk in the future: a slow-motion dollar crisis, hugh Medicare deficits and energy shortages. But for now, the sell-off seems extreme, not to say nutty.
Some smart, brave people will make a fortune buying in these days, and then we’ll all wonder what the scare was about.”
Read the brief but enlightening column HERE.
I love a sale, don’t you? (My favorite sale is Neiman’s Last Call but that’s another story, entirely!)
Right now, stocks and real estate are on-sale but like the discount at Neiman Marcus, it’s not going to last long…