Do you think a publicly traded strip club corporation makes for better clubs? I don't.
But lets talk about the broader stock market. When Herbert Hoover came in to office, he really did not seem to understand that there was any looming risk. Listening to yourself and some of the others, still seems like people don't understand that risk.
What do you think the share holder vigilance level is today?
fedprimerate.com
With all these computer programs which order sales at the first sign of trouble, I think the vigilance level is very high.
Now I know that years ago they installed circuit breakers, market shut downs. But that could just encourage share holders to operate on even more of a hair trigger, sell as fast as they can, or if the market closes, then sell in the very millisecond when it reopens.
We see how these go, steady increase, and with no real reason, no balance sheet improvements, just P to E increases. And it goes and goes, and then it breaks and crashes rapidly. So I would think that share holder vigilance must be extreme. And it is this vigilance which will take it down far faster than it went up, and with no more specific justification than the upslopes have.
SJG