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Excellent Reasons for Optimism in the Stock Market |
Mark Meyerowitz,Owner,
Meyerowitz Investment Management
Mr. Meyerowitz has been investing since high
school, in the 1970s.
After graduating from Brandeis University in 1977; Mark built up his small family business into a large local retailing company.
From the mid 1990s to early 2003, Mark was a broker with Smith Barney and with Edward Jones; two of the largest invest firms in the nation.
Mark and his family have lived in West Orange, NJ since 1987.
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 In
the short run, the best thing for the stock market is quiet
trading without major price moves. This is better than big,
fast, price moves up because big price moves in either direction
(up or down) are the result of highly emotional behavior.
Large price moves are also an indication that the markets
are being used as a speculative tool. We want the speculators
gone, and we want the emotions to be on an even keel.
Once the markets calm down, we can go back to the fundamental
process of wealth creation. This begs the question: what creates
wealth? The answer, to this writer, is change. Whenever a
new product or service is created that meets a previously
unmet need, wealth will be created. Change can be demographic-driven,
or product driven. We live in the fastest changing environment
in the history of mankind and the rate of change continues
to increase. The proverbial pie will continue to grow.
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