One thing on psychology, which we've always known, is that every investor says they're long-term - and they are until the market takes a hit.
Nationality: American Type: Businessman Born: July 18, 1947 |
Many of us saw religion as harmless nonsense. Beliefs might lack all supporting evidence but, we thought, if people needed a crutch for consolation, where's the harm? September 11th changed all that.
Our liquidity is fine. As a matter of fact, it's better than fine. It's strong.