Why Alstry DOESN'T Recommend Stocks
Because a share of stock is a legal ownership in what is supposed to be a private corporation. With ownership in a PRIVATE corporation comes RISK AND REWARD.
Once government/or WE THE PEOPLE bailed out Wall Street with OVER $20 TRILLION dollars of public money.....the moral privilege of private ownership and wealth was DESTROYED as the VAST MAJORITY of that UNPRECEDENTED payment went to the to 1/5 of society while the bottom 80% got practically nothing.
Think about it....it was PUBLIC money that saved the rich.....gave the rich the BIGGEST entitlement payment in HUMAN HISTORY..and the rich whine, moan and squirm about other Americans getting relative tiny government entitlement payments/benefits barely enough to allow them to eat?
The hypocrisy is beyond anything I have ever seen before....AND maybe anything in history as measured by value.
I live in a very wealthy neighborhood....a former Fed President is my neighbor, doctors, lawyers, pro athletes, etc.....
this past weekend, my son's neighborhood team had a baseball tournament in a much less affluent neighborhood for the city championship....as I drove through that neighborhood, it struck me that the only difference between the families that live in my neighborhood and those families was the size of the entitlement payment they got from government/WE THE PEOPLE...and my "liberal" idiotic neighbors aren't even conscious as they think their token charitble donations is saving the world......when it was the world that saved them and gives them the privilege to make donations while the world suffers.
Until morality is returned to Wall Street.....all private shares of PUBLIC corporations should be returend to the public, that bailed out those shares.... then will I recommend the private purchase of a share of stock if legal morality is returned to Wall Street.
So next time you see a hard working family in a run down neighborhood, think about this.....the primary difference between you and them is your PUBLICLY bailed out financial assets/job/pension.....and they getting little or no public assistance.