Main Street Trumps Wall Street

Dr. Francis John Maguire, Ph.D.

    It has been readily apparent for some time that Wall Street was in trouble but, just how much so, proved to be devastating.

  Once the curtain was pulled back and a level of transparency, previously unknown emerged, it was glaringly obvious that the mavens of The Street had, in fact, been acting with little, if any due diligence.

  There was found to be a virtual disregard, if you will, for client monies and compliance and regulatory safeguards were administered with a cursory wink and a nod.

   The end result: Of the 9 trillion dollars of value that washed from the market, 3 trillion was from people's retirement accounts; many already retirees.

   The stewardship of Wall Street that was once held in somewhat of a regal awe, has dissipated.

   Essentially, the emperor was found to have no clothes.

   40% of market value has eroded in the past year and a 700 billion dollar bail out could not staunch a major sell off.  And it is not over, yet.

   But where does the investor now place their assets?

   The answer is in private capital situations, in closely held, emerging growth companies, where the CEO can be reached on the phone.

   Never heard of one of those?

   Here is one to review: MAGIC SPORTS and it holds my highest recommendation.

                                             Dr. Francis John Maguire, Ph.D.