Was boom a dream?

[Carl Remick]

>... if broad numbers of people come to believe that all the
>numbers are a crock, and the game is rigged, then we could be talking
>about a real long-term shift away from stocks, like the one after
>1929. I've got two market laws in mind - one, that they overreact,
>and two, that trends can last longer than anyone expects.
>
>Doug

I was just cleaning up some correspondence files and ran across a letter I 
received twelve years ago, dated Feb. 1, 1990, from Christopher (_The 
Culture of Narcissism_) Lasch.  Lasch said:  "... it's going to take a jolt 
to bring this country to its senses, or a semblance thereof.  Last night's 
State of the Union scene was just one more sign of the times.  Bush thinks 
he's on top of the world, and his audience, euphoric about the final and 
ultimate triumph of capitalism worldwide, applauded every platitude with 
growing fervor.  These people are about as far removed from the daily 
concerns of most Americans as Mars."

Lasch is now dead, and there's another Bush in the White House, but maybe 
Enron will finally give the nation that needed jolt and a growing awareness 
that the ruling elite's priorities are quite different from most Americans'.

Carl

_________________________________________________________________
Chat with friends online, try MSN Messenger: http://messenger.msn.com