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SmartMoney published an article today about Gen Y’s financial condition: For young adults, a decade lost? “A new survey conducted for the AFL-CIO suggests many American workers under 35 can’t manage the basic financial building blocks of an adult life. The union calls the past 10 years a “lost decade” for these young people, during which many fell short [...] Here’s some intriguing conversation on whether the recent stock gains are a suckers rally…
As if I haven’t hit you with enough bearish posts these past few days, here’s one more for you from the ultimate bear himself… Peter Schiff. If you don’t know who Schiff is… you should. Schiff is one of the only people to call foul when the sub-prime boom was in full swing. Economists [...] Doug Kass of Seabreeze Partners Management was one of the only individuals to properly call the market bottom in March. Here he is in a video today saying the market has topped for the year. He even goes as far as comparing it to the careers of Brittney Spears and Lindsay Lohan (ouch).
Here’s another interview with Mohamed El-Erian on CNBC. Most of it is a restatement of his thoughts from his previous interview which I posted a few days ago… nevertheless, I felt it’s still worth posting. Basically, El-Erian is saying the markets are on a sugar high and it’s unsustainable. I agree with the [...] The markets have been in a sustained rally since hitting the March lows. Since that time, the S&P 500 has climbed more than 50% from the bottom. While we’ve seen some noticeable improvement in the economy since than, there are still many ominous signs that make me weary. Firstly, second quarter earnings were largely viewed as [...] |
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Gen Y Investors View Investing As Fun
Apparently the majority of 20-something investors view the process of investing as fun. This is quite an interesting finding seeing as though we just lived through one of the biggest market busts in history.
Kimberly Palmer of the U.S. News & World Report writes: Gen Y: Investing Is Fun, Not Scary
“Online brokerage company Scottrade is out with some surprising findings [...]