Of course, from the private investor's standpoint, hey, that's about as good as it gets. But that's not how the business model works for Wall Street. Consider what does work best for the Street in situations like these. Namely, active trading. And the financial media listens too closely to what sounds like a lot of bluster to a Fool.
Firms get their clients in and out and in and out.
And the press is, in my mind, far too committed to reporting to these short-term stock and market predictions. . . In other words, predictions that are all turned around, inside out and upside down, when it comes to the individual investor. Overactive trading, to our eye, discourages the sort of fundamental research that we've seen in the America Online and Iomega Corporation folders in Fooldom. With the new technology and the awesome communication and teaching tools available now, the field is more than leveling out. And will continue to.