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Trading > Biiwii.com Notes

Casino patrons feasting on moral hazard

Gary Tanashian | Fri, 06/05/2009 - 11:27am | boom and bust, diversification, dividends, PE Ratios |  Add a comment

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One of the many reasons I tune out the conventional analysis that talks about PE Ratios, dividends, diversification between stocks and bonds and many other mythical dogma of an age gone by is because none of it matters nearly as much, in a late stage pathetic attempt to maintain appearances, so much as the wizards' ability to manipulate what we call money to influence boom and bust cycles.
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