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Show Wall Street's Siren Song Again There is great temptation, now that the stock market is fairly active again, for those who lost money dOring- the lean years to plunge in again, in the hope of winning back their losses. 1 The best advice that can be given such people is: Dont! The basic mistake made by the average Wall Street dupe is that the market goes up at times; it doesn't. It's put up. And it is put up for the purpose of enticing suckers it. When the suckers are in usually near the top the market is put down. The suckers thereupon lose their money, because they always sell out at the bottom, or near it. There are psychological reasons why most people buy at the top and sell at the bottom, but they need not be gone into here. But that's what most people do, and that's why Wall Street stock manipulators and pool operators get rich. With western industry on a rock-bottom basis there are plenty of opportunities for REAL investment near home. Many people will make a lot of money in the west in the next few years but many more will lose it trying to beat Wall Street's airtight game. If you want a chance for your capital, seek out a worthy western investment for it and remember that the character char-acter of the men back of any enterprise is the most important im-portant thing about it. |