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any market is based upon the greater fool theory. Ira
Earl Adamy wrote:
> Excerpt from this week's Barron's interview with Richard Russell"
>
> Earl
>
> Q: Does anything else account for today's blind bullishness?
>
> A: Sure, the very nature of Wall Street itself. The awful truth is that Wall
> Street doesn't care about you as a person. It only cares about your money.
> Wall Street isn't interested in conserving your assets, Wall Street is
> interested in getting control of your assets. Everything about Wall Street
> is directed toward selling merchandise to you. Brokerage-house managers ask
> their brokers: "How are your sales?" They don't ask: "How are your customers
> doing?"
>
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