Interesting sketch, note the part about pre-911 insider trading...
[ SUPER: "Straight talk about today's markets" ]
[ dissolve to Peter burke standing before a seminar of investors ]
Peter Burke: [ acknowledging a raised hand ] Yes?
Investor #1: We're entering the fourth year of a down stock market. Is it time to sell yet?
Investor #2: Have we hit bottom yet?
Investor #3: What can you tell small investors who are really starting to worry?
[ cut to Peter Burke ]
[ SUPER: "Peter Burke, CEO Global Century Investments" ]
Peter Burke: Just this: Relax. The market goes up, the market goes down. But, over the long haul, the market goes up. [ a hand is raised ] Yes?
Investor #4: Is there any chance the stocks might rebound this year?
Peter Burke: I'm really the wrong guy to ask. I got completely out of stocks in late '99, and I haven't followed the market since.
Investor #5: You got out of the market three years ago?
Peter Burke: Yes. You see.. around that time, we at Global Century became convinced that stocks were headed for a crash, and that bonds were the safer bet. And, we were right. My own bond portfolio is up nearly 30%.
Investor #5: But, if you were moving out of stocks and into bonds three years ago, why were your brokers telling people like me to do the exact opposite.
Peter Burke: Well, obviously, if you think, as we did, that stocks are heading down, an... (more)