Say It Ain’t So, Ben Stein

Posted In: Financial Markets, Speculators, Stocks

From Ben Stein, a Yahoo! Personal Finance “Financial Advice Expert,” this past Friday:

Now that the three major U.S. stock indexes have hit bear market levels what shall we do? Well, let’s ponder….

First of all I never thought things would get this bad, and I still think the market’s reaction is overdone, to put it mildly.

The aggregate losses in the U.S. stock market since the peak last October have totaled roughly $3.5 trillion dollars. Not billion. TRILLION. That is, the speculators and traders have knocked roughly $3.5 trillion off of the value of all publicly-traded stocks in this country…

Another go as a teacher in Ferris Bueller 2 probably doesn’t sound too bad right now, does it?

Art Insitute Of Chicago Scene
“Ferris Bueller’s Day Off” (1986)

Source:

“Bear Market Advice”
Ben Stein
Yahoo! Finance, July 18, 2008

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