Have you peeked at your monthly 401k, IRA, or mutual fund investment portfolio recently? Pretty dreadful, huh? As this is being written, the stock market doesn’t seem to have yet reached the bottom of its pit, even though President Obama signed the new stimulus bill and the money faucet is a-flowing. As the old carnival barker used to yell, “Round and round it goes, and where it stops, nobody knows.” Well, of course he knew. It certainly wasn’t going to stop on the number you had selected so you could win the Kewpie doll for your girlfriend.

After watching the market go either up or down 200 or 300 points a day, one begins to suspect that the stock market is much like that carnival game in the sense that it’s rigged. The only ones getting rich were those CEOs and traders with their multi-million dollar bonuses that Congress and Obama are trying to trim down to size. “Oh, but we need big bonuses to keep our talent,” cry the investment banking firms that have done us in. “They might go elsewhere!” Where, you ask? Iceland? Well, it’s broke too.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.