What are some Cons/disadvantages of the Market Economy?
Having studied the stock market for well over twenty years, I come away feeling that it’s almost impossilbe to make predictions. If you get influenced by T.V. talking heads and so-called renowned experts, you will find that they make the most costly mistakes…and yet, they are never held responsible. I can show you many tapes of past T.V. shows that had guests who predicted the prices for various stocks, and most were terribly wrong. Just one example…Frank Capiello was a steady guest on the Lou Rukeyser show, “Wall Street Week”. Back around 1998, he said that Rite Aid was a buy when it was selling for around $50.00 a share. Today, it’s around two or three bucks a share. Big corporation with many outlets, and recently took over Eckerts Drug Stores chain, still can’t seem to make profits. When stocks trade, I follow the volume figures. If volume picks up over a few day period, I generally get interested and begin buying. The “cons” of the market economy is that there will be many fail
