The Op-Ed article atannoyed me. I found its conclusions unsupportable and promoting hysteria. Excerpts:
"The number of companies listed on the [NYSE, AMEX and NASDAQ] peaked
in 1997 at more than 7,000, and it has been falling ever since. It?s
now down to about 4,000 companies, and given its steep downward trend
will surely continue to shrink."
The author concludes, "Today, however, stock markets, once the bedrock
of American capitalism, are slowly becoming a noisy sideshow that
churns out increasingly meager returns. The show still gets lots of
attention, but the real business of the global economy is inexorably
leaving the stock market ? and the vast majority of us ? behind."
This seems to derive from the author's chatter at his blog
Does anyone else think the author's conclusions are junk, designed to
promote hysteria and so increase hits to his web site, raising
advertising revenues etc.?
I swear to God I am going to write the Op-Ed editors and tell them to
contact George (dapperdobbs) for some intelligent writing on the stock
- posted 8 years ago