The Stock Market

[R Lance]

>>>> Because at the time you had 250k in your portfolio and had a steady job, now your portfolio is worth 125k and your employer is making layoffs and the mortgage is due on Wednesday. <<<<

If you had 250k in your portfolio and didn't have an emergency account to cover down turns you deserve it.


Correction if it wasn't your greed and bad advice from an unscrupulous broker or adviser, that made you bypass proper planning, then its part their fault.

[Dufrel]

I wonder if the Bear Sterns investors shareholders had similar thoughts.

[EstebonRober]

Originally Posted by Dufrel

I wonder if the Bear Sterns investors shareholders had similar thoughts.

There is no success without failure. I know its a cliche, but I mean if you haven't learned after Enron to diversify then yes you deserve your self made misery. Matching 401ks are nice and all but diversification is first priority.

[Bonniedundee]

Originally Posted by Carico

All this panic over the stock market is what's actually causing our economic crisis. The stock market is doing what it's supposed to do. People are in the stock market to make a profit. So they buy low and sell high. When people keep buying the stocks go up. Then when the stock market reaches a peak, people sell to make a profit. The of course the market goes down. That's what it's supposed to do.

So instead of panicking and catastrophizing, the Wall Street undits need to advertize the terrific sales on Wall Street! These are bargain basement prices! If Wal-mart had this kind of sale, people would be flocking to the store in droves with cops directing traffic, trying to keep order.

But instead, the Wall Street pundits are doing everything they can to keep people away from stock market. They use the word "plunge" trying to convey that this is a disaster instead of a terrific opportunity to buy. They're passing along the word that the American public doesn't have any confidence in Wall Street. Then they ask the government to bail them out instead of allowing the stock market to work naturally by encouraging people to buy. So they have it backwards. This kind of panic is what caused the depression. All I know is that if I were a retail store owner, I wouldn't hire anyone on Wall Street to advertize for my my business. I'd hire people to tell the American public that PRICES ARE CHEAP! GET OUT THERE AND BUY!

Or in other words confidence is an important part of the economy and market.

[potter]

Yup...it's a buyers market all right, but I'm not at all conviced we've seen the bottom yet. I think that'll happen in 30-60 days.

Then I'll buy.....

[witnesstheday]

The bottom will get lower. Now the credit card debt collapse is a whole new world of shit for these guys.

And then! I have strong information suggesting that in the UK a rentals market collapse will happen in 3 to 6 months - and at the moment the property sector is on its last legs, milking the rentals industry desperately (it's sad - they're BOOSTING the prices, can you believe it? they really haven't learned their lesson... meanwhile the job loss mountain is so large that soon the mayor of london will have to pay people just to come and stay here, so forget high rents!)

No the bottom of this curve is much lower than people have let you believe - in 2012 it'll have started to crawl back upwards, and will start to even out by 2015 or so

[Tom Joad]

Originally Posted by Carico

PRICES ARE CHEAP! GET OUT THERE AND BUY!

So said Carico on Nov. 7th, 2008, when the S&P 500 closed at 930.99.

Let's see where it goes.

[Tom Joad]

Originally Posted by Tom Joad

So said Carico on Nov. 7th, 2008, when the S&P 500 closed at 930.99.

Let's see where it goes.

Dec. 4th, 2008

If you liked it at 931, you’re gonna love it at 845!

Mortgage everything you have Carico!

Max out the cash advances on your plastic!

And borrow all you can from the Mafia!

You can’t afford NOT to buy at these prices!

BOO-YAAAA!


By tomjoad at 2008-12-04

[ninjalooter1701]

Originally Posted by Tom Joad

Dec. 4th, 2008

If you liked it at 931, you’re gonna love it at 845!

Mortgage everything you have Carico!

Max out the cash advances on your plastic!

And borrow all you can from the Mafia!

You can’t afford NOT to buy at these prices!

BOO-YAAAA!

Let's just give the Iraq War one more year, if not, then I'll change my mind.

Repeat one year later.

Ignore comment two years later.