The obama rally continues.
The Obama crash!
1. Real estate is always a good investment
2. The stock market goes up about 7% a year on average
3. You can't time the market so always be buying stocks
4. Our economic system is relatively free of corruption so you can feel confident in your investments
Maybe if we spend more money it will rally. There are more banks we can takeover if we try.
You got a 201k? Lucky. I only got a 49.5k.
Just wait.
The clowns are running the circus.
I keep watching financial and political shows in which even the liberal talking heads agree on what to do/ not to do.
Everything they say is the OPPOSITE of what the dem Congress will do.
Well, the automakers gambled on depressing everybody about their companies’ future, the previously proven way to get more money out of Bush and Paulson. Bush did not show leadership early and put his foot down, noting the companies already got recently $25 billion in govt. loans passed in Congress.
Everytime Paulson and Bush appear they seem uncertain, or give dire predictions about a depression, or change their mind—especially after they meet the Europeans. After an earlier meeting with the Europeans Paulson and Bush announced a move away from buying toxic assets to buying bank shares. This last weekend the Euros told Paulson, an educated guess, to dump the idea of buying toxic paper altogether. Maybe we should thank the Euros, they seem more interested and knowledgable about the scope and effect of Paulson and Bush’s plans than the American politicians and financial media. If they are going to continue to finance America’s irresponsible spending, they want bank shares to back it, not the toxic paper they already fell victim to, and sold by Wall Street banksters, Paulson included.
Thanks to the marxists.
I switched over to bonds in Jan. and even that is starting to drop.
The Hussein Effect.
At least it hasn’t hit 7000 yet. ;-)
Just Wait ‘til the Keystone Kops take over full control..
Sea Change happening right before our eyes.....seems to me that the socialistic/collectivist world that was born in the US in 1932 is dying a very ugly death.
The only thing keeping the dollar up is the Legal Tender Laws.....if that goes because of barter,etc. bye bye FRB...and if the US Gov can’t meet the payroll on it’s debt because the people stop paying taxes they can’t afford we’ve got real “trouble in River City”.
Same here....can kiss that goodbye.....lost 70k so far.
more ouch
Mine is now a Poor-01k. If dem congress has its way, we'll all have No-01ks!
I wonder why Obama didn’t go to the economic summit in DC over the weekend? Maybe if he had gone, things would be better.
I live in Appalachia. I drove two hrs today in mtns and noticed several things: everything and everyone seems normal. I saw new cars on big truck going to dealer. I saw new bank being built. I saw four lane being built through several mtns. I saw restaurants full of people at lunch. I saw no panic. No one was talking about economy.
My question: when are we going to feel this pain that Wall St and others are feeling?
Please tell me: what is really going on?