Madoff and the Market

Madoff and the Market


As the world was intrigued by Bernie Madoffs new living quarters in lower Manhattan the stock market continued on its mini rally of four days. It was a bit ironic that the day he was incarcerated the market went up. Bernie certainly had a hand in the market going down for a number of reasons. To begin with many peoples financial portfolios were devastated by Madoff making them sell of stock to cover pressing money needs. This of course pushed the market down further. But his was the least of Bernies contribution to the present crisis. Trust is everything in the stock market and in people who handle other peoples money. Bernie was the symbol of trust for so many and this mistrust and fear is keeping the market from rectifying itself. Bernie not only swindled his direct clients but his face is still instilling fear in future investors. The “ Madoff Element “ will continue to prey upon the future of the market until there is a fundamental change in the prime loan system that ignited the mess to begin with. There are great opportunities for many to recover losses suffered by the downturn of the market. In a bizarre way Bernie could probably help many of those he destroyed make their money back. He will not get that chance. A smart Judge would let Bernie use a computer as a day trader and give 95% of his earning back to his former clients.

It won’t happen.

To bad.