Posted on 09/29/2008 2:35:17 PM PDT by NormsRevenge
I may buy a new truck tomorrow, 0% financing.. and a bonus back.. or I may sleep in.. Yup, life goes on.. I should buy the truck tho,, a nice harvest gold or baby blue would be nice. some good deals out there.
I wouldn't attribute that ability to the socialist cabal in congress. They just want power, but they are lackies to the one-worlder international socialists like George Soros. Those folks work hand in hand with our enemies to crush this nation and bring it under the yoke of socialism.
Absolutely this was orchestrated and manipulated to happen right now. The question is, in a game of economic chicken who will blink first?!? I'd guess we're on the losing end either way. These types of problems don't impact people at that economic level.
Oi BrazillionBob, e seu nome 'ta uma brincadeira o tem significa?
Does the name mean anything in particular or are you just funnin' around? : )
slow growth , wide index base, sounds fine for now.. unless you want to play the troughs of the waves in the market to come. I’m not risk tolerant either,, not these days..
I was thinking about gold except my wife has already built up a pretty good hoard of it in her jewelry boxes so we’re covered, well, she is.. ;-)
Ouch. I think today’s bloodbath on Wall Street may have ensured I retire at least a year later than expected.
sad part is the lower it goes the more the voters will blame Bush and republicans.
The bailout would cost 700 Billion. Today Americans lost 1.1 Trillion in value.With more to come. And don’t for a moment think Pelosi and the dems are going to get the blame in the media or at the polls. It may not be an exagerration to say this day was a catastophe for the free market, the GOP, and America. Pelosi, Reid and Obama are going to make Lyndon Johnson look like Barry Goldwater.
Naw. If they kill this and replace it with a conservative, free-market plan, your stocks will recover quite nicely and then some.
Naw. If they kill this and replace it with a conservative, free-market plan, your stocks will recover quite nicely and then some.
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Agreed however it would be alot nicer if I was 20 years younger. (In more ways than $$$$$$)
I am sorry for your loss, but I have never entertained an idea of a nice retirement Not with the Democrats and the press running the country..Being self employed, I will work till I drop like old folks used to.
This is the proof that the market is being manipulated by anti-american forces. The stock market has been on a roller coaster for the past 2-3 years. The fact that the market responds positively to liberal finance schemes shows who’s in charge.
All the Congress knew, because of a briefing that occurred in March 2008, that the financial system was in trouble. Certainly that is enough time for them to plan a few things.
Looks like we need to choose between God and Mammon just to keep on the right side of heaven’s gate.
The real numbers are geometrically larger and the 'profits' on paper will be stolen by democrats the minute they think the coast is clear enough to do so...
You apparently have no understanding of how the stock market works.
Do not let Nancy-pants and her band of ecoterrorists get away with that crap. Her caucus is big enough to get that bill passed without Republicans aiding and abetting more government theft. Why do Republicans get the blame while 94 Democrats get cover for voting Nay?
And don’t miss that tonight begins Rosh Hashana “The Feast of Trumpets” (the only feast having Messianic symbolism left unfulfilled by Jesus’ in his first coming), which begins with a ten-day period of introspection called the Yamim Noraim of “The Days of Awe” (and who would deny the awe of today’s market losses?), and is capped off by the great fast day of Yom Kippur “The Day of Atonement.”
I guess, now we have ten days to figure out whether we’re really sorry, or not, and I’m thinking we’d better come up with an honest answer.
Losses need to be reflected in share prices. I would not mind seeing the DOW drop another 400 - 500 points.
We cannot pass this cost (bad mortgages) along to our kids. By passing the Bailout bill, we are kicking the can down the road, to future generations.
There’s no 700 billion in “surplus” to use, it would have to be borrowed, and kids coming up will pay this back.
That is like ‘taxation without representation.’
Share values should fall to reflect losses (rather than profitable companies), as should/will property values a bit.
Our cohort, our age group, voted in the CRA, no ‘redlining,’ etc. etc. Whether we voted for it, or not - it was our generation/age group’s decision to subsidize bad loans.
We should take a hit to our retirements, not pass it on to future generations.
(Or, we should try and target those who were responsible — if lawyers can identify the exact interest groups at work, lobbying for these wealth transfers...)
And — I AM an economist.
LET IT DROP, to REFLECT THE LOSSES. DON’T PASS IT ON - TO THE FUTURE TAXPAYERS.
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