Again --- up
The markets are up solidly today, Wednesday 11/15/06 and 1:42 PM
You should know my rap on it by now --- long boom, careful, invest when you are young, diversify.
Following that course is likely to yield riches you never dreamed you'd own.
Ben
You should know my rap on it by now --- long boom, careful, invest when you are young, diversify.
Following that course is likely to yield riches you never dreamed you'd own.
Ben
posted by Ben Wattenberg at 10:47 AM
1 Comments:
Good news about the markets being up. But I think our markets are slowly losing their competitiveness. Exchanges in Hong Kong and London have outpaced New York for international IPO offerings. Six years ago 60% of all international IPOs were listed in New York. That number today is 6%. Not a good statistic at all. Could it be laws like Sarbanes-Oxley? Even Nancy Pelosi thinks it's gone way too far. All I can say is that it's pretty sad when an outpost in Communist China is getting more IPOs than New York.
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