Tag Archives: defined contribution pension plans

The stock market used to be a playground for the elite and the well-informed but it is now overrun by relatively ignorant retail investors. In light of this, and other dramatic shifts in market conditions, a P/E ratio of '15' may now be a real bargain if '20' is now the new fair market value.

The charade is over. American taxpayers finally seem to be aware that they are the servants, not the masters, of government at all levels. Government-employee unions have played a key role in causing bankruptcy in most American states, and their pleas for more bailouts financed by endless tax increases are finally ringing hollow. Words: 1192