[2ndDivisionVet]

We may as well admit to ourselves that we live in a socialist country (although not as far gone as Europe & Canada) and resolve to do what we can to turn the tide. The bailout is going to happen because the big boys want it to happen, and they control Congress, not us.

[LukeL]

I am going to take the advice of Michelle Malkin and just spend all the money I have and when I graduate default on all my college loans, because someone will be there to lend a helping hand.

[The Iceman Cometh]

Clayton is about to retire. He lives in a small city in the South and figures he could live comfortably the rest of his life on his savings, which are mostly in the stock market.

I am not a financial genius, but I always thought the closer you get to retiring, the more you want your nest egg in something like bonds.

Should I feel sorry for someone who is realizing the risk inherit in the stock market?

I for one won't be opening my 401k statements for about 5 years.

[Heartland Mom]

The world did not end today. Yes, the market took a pretty nasty dive, but it will recover more quickly if we don’t allow Congress to once again put its nose in and “help.” The market will correct itself. Oil is down. Dollar is up. We just need to ride this out and let the teetering institutions fail and capitalism will prevail. We must continue to say no to this Socialistic bail out in whatever form comes next.

[ikka]

Clayton is about to retire. He lives in a small city in the South and figures he could live comfortably the rest of his life on his savings, which are mostly in the stock market

The first thing Clayton should understand is that the closer you get to retirement, the more cash or other guaranteed-income securities, like CDs, you should have.

[AGreatPer]

I am going to take my money and go to every NFL game I can. I'll pay scalper ticket prices. I don't care.

Meanwhile, the Steelers and Baltimore are on right now.

[DRey]

"we've got to get the rotten fruit out of our financial orchard or we'll be in an even worse fix tomorrow"

Why? Why do "we" have to get rid of the rotten fruit? It will fall, rotten, off the tree by itself. That's what this is all about. Why can't we let the FREE MARKET correct itself? Answer: We can. Cash will be king for a while, gas lower, savings rates higher. We will be fine leaving that apple to the worms.

[Logic n' Reason]

Wait just one more day....then B U Y ! ! !

[roaddog727]

The first rule of the “Hitch Hiker’s guide to the Galaxy”:

DON’T PANIC.

Brilliant man, Douglass Adams. Brilliant indeed.

DON’T PANIC!

[Opinionated Blowhard]

Amen. Obama is pulling away. Everyone is blaming Republicans for stopping a bail out. Unfortunately, no one has made a coherent case for limited government over the past seven years. Lyndon Baines Bush and Karl “Mark Hanna” Rove thought they could spend their way into a “permanent Republican majority” (remember that? I just laugh when I think about it). So they gave up on a critical pillar of the conservative movement—stopping spending—and thought they could get by on social issues. It didn’t work and now we are facing disaster. We’re in for a rough four or eight years.

[freeforall]

The only way to stop this is 100% reserve requirement for all banks etc. No more credit out of thin air.

[arthurus]

Do what people do in Socialist countries. Hoard gold. You can always use it to buy passage on a boat out.

[EVO X]

I note that Microsoft (MSFT) lost almost 9% of its market value on September 29, closing at $25.01. In other words, you are being offered this stock at a 9% discount to its already discounted price.

Maybe the markets are finally getting around to discounting Vista as a certain type of sandwich..

[Uncle Miltie]

"6 Things To Do While The World Ends"

Well, one of them has to be F***.

[BlazingArizona]

Clayton is about to retire. He lives in a small city in the South and figures he could live comfortably the rest of his life on his savings, which are mostly in the stock market. Now Clayton is beside himself that his savings are being set afire by the dithering politicians.

Clayton, meet with your neighbors. Make plans to fortify your town.

[AmericanMade1776]

The absolutely worst thing one could do is to sell stock in solid companies. Stock prices go up and down, but meanwhile they pay dividends, and while you are drawing those you wait til they go back up to sell. They will go up again.

[supercat]

We may as well admit to ourselves that we live in a socialist country (although not as far gone as Europe & Canada) and resolve to do what we can to turn the tide. The bailout is going to happen because the big boys want it to happen, and they control Congress, not us.

We need to make more noise. We're slowly winning on Global Warming "Climate Change"; here things are compressed, but I still sense an increasing number of people are perceiving that the real "urgency" is "you need to act immediately, because the longer you wait the more likely you'll realize it's a scam."

[WVNan]

If I may, I would add to your list to remember that those who held on to their worthless stocks in the 30s eventually became quite wealthy. Some families, years later, would find some old stock certificates stuck away in a drawer, take it to wherever one takes old stocks, and found out that the certificates were worth a fortune. Just think, maybe we can make our grandchildren wealthy by holding out.

[GOP_Raider]

My grandparents have been in a three way panic for the past several days, and I made the suggestion that they should consider gold. Although I see in this thread further up that someone else suggested that already.

But I’m just the adorable grandson, what do I know?