What has driven this market in the past 7 years? Baby Boomers? Gen Xer’s? Read on!
September 30th, 2007 . by Mike KellyIn the past 7 years they have been driven by GREED! And Greed knows not an age or generation, not a race nor a religion, Buick or Prius! What currently drives the market today is FEAR! I’ll let FDR remind us of what Fear can do to a country. Nice thing about this is we all know the outcome of his speech!!
“I am certain that my fellow Americans expect that on my induction into the Presidency I will address them with a candor and a decision which the present situation of our people impel. This is preeminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory. I am convinced that you will again give that support to leadership in these critical days.”


