tommat Report post Posted September 29, 2008 While congress fiddles.....America and the world economy burns....a lot of my retirement funds just started swirling down the drain. This is serious business folks. They better get something going or we might just need to start speaking chinese, indian or russian. http://www.nytimes.com/2008/09/30/business...&ei=5087%0A Thanks House Republicans! I feel all they did was stall the process and what was finally put to a vote was almost identical to what Bush and Paulson wanted.....with some added pork of course that was piled on during the negotiations. Share this post Link to post Share on other sites
DesertBull Report post Posted September 29, 2008 Just say no to socialism. INvestments are a risk and I don't really feel like having to pay for others mistakes. Let the markets sort it out the natural way. When you are in a hole.....STOP DIGGING! Share this post Link to post Share on other sites
tommat Report post Posted September 29, 2008 Unless you have your money under a mattress it's almost impossible to not have funds invested somehow, somewhere. This is everyone's problem.....caused by a few's greed. Share this post Link to post Share on other sites
coues7 Report post Posted September 29, 2008 Here shortly your money in the market or under your bed won't be worth the paper it's printed on. Goods.....physical good that will sustain life will be the money! I truly believe HARD times are ahead. Greed and dishonestly have prevailed to long. You reap what you sew. Share this post Link to post Share on other sites
Kilimanjaro Report post Posted September 29, 2008 Thank God I pulled all my stock out of the riskier funds 2 weeks ago and put all of them into the least hit G-fund.. Had I not, I would be feeling a HARD hit.. Playing that market can make you ALOT of money, but it can also break you quickly.. Better to play it safe for awhile now. Its fun when it's hot, but in times like this, its like going to the casino and no matter what you do, you cant win.. Kinda like Clark Griswald in Vegas Vacation!! Share this post Link to post Share on other sites
Snapshot Report post Posted September 29, 2008 They could have come up with a solutuion sooner, but Republicans and Democrats spend too much time arguing about who's right. Share this post Link to post Share on other sites
.270 Report post Posted September 29, 2008 c'mon guys, it's the nature o' the beast. when the beast gets too fat, ya gotta put him on a diet. greedy folks makin' crap loans are goin' down in flames. give it a couple more days or so to bottom out and then buy like a drunk deer hunter. especially after the morons in dc pass their little welfare plan. market will shoot up a couple thousand, you can cash it in and make a buncha money in just a little while. unless you have a buncha money in the market, which i don't right now, it ain't a big deal. if you do have a bunch in it, don't get spooked and sell now. heck no. it'll go back up sometime. after nurse nancy pelossi and hairy reed get there millionare bail out passed, then it's time for us normal folks to capitilize on it. and the cool thing about it is that a normal guy can capitilize on the crap loans and phony mortgages that them greedy assed "investment" bankers floated to folks who couldn't afford it. it's gonna cost us all a little in taxes, but what doesn't? so make some money on it. just watch it, wait for it to bottom out and for the welfare bill to pass and then buy back into something diversified for awhile. personally, i hope it goes down some more first. when the market is up is when it scares me. when it's down, the only way it can go is up. Lark. Share this post Link to post Share on other sites
jamaro Report post Posted September 29, 2008 .270 I don't understand your statement about pelossi and reid??? This was proposed by bush and his cronies... if you guys don't need the money within 10 years I would keep investing... The market will come around and you would have bought low... to sell now is the last thing you should be doing unless you need the money within 10 years because you already lost... it is too late... and it is a much bigger issue than the bad loans that were given out... Our economy is built on the liquidity of credit... Once that is bottle necked it will impact everything... j Share this post Link to post Share on other sites
GodIsGood Report post Posted September 29, 2008 It's not a crash, it's an opportunity / correction... and you only lose your investment IF you're foolish 'nuff to SELL. Your fear and reactions are exactly what opportunists are BANKING ON! Because 8% loss in value today, another 5-7% tomorrow, 3 or 4 in towards the end of the week... all the vultures buy-in and feed on your fear and they become FILTHY frigging richerer!!! mark my words, if it takes 10days to lose 25% of the total value of the market - it will regain that in half the time once the vultures believe it's near the bottom. x Mortomer and Randolf Duke Share this post Link to post Share on other sites
DesertBull Report post Posted September 29, 2008 They could have come up with a solutuion sooner, but Republicans and Democrats spend too much time arguing about who's right. 100% correct. These morons treat these issues like it's a freakin game. They can't vote yes or no until they figure out how many political points they will score and how much blame they can shift. This all started in 1999 when Fannie and Freddie were being sued because they didn't give enough loans to minorities. That forced new credit lending standards and ushered in the sub-prime loan. Some banks were accepting welfare and unemployent income as earned inclome on the loan applications. Can you believe that? Now they cry because the loans went south? Screw that, eat your loses like the rest of would have to. Share this post Link to post Share on other sites
billrquimby Report post Posted September 30, 2008 Those of you who have a few years before retirement can ride this so-called "correction" out if you or your employers can stay in business, which is looking doubtful after today's vote. Those of us who rely upon our retirement funds to meet daily living expenses are in deep doo-doo already. We have no choice but to sell shares of our mutual funds at 1990 prices. This has resulted in the money my wife and I saved all our adult life for our "golden" years shrinking more than 45% since November ... and our money was invested "conservatively!" Bill Quimby Share this post Link to post Share on other sites
Redman Report post Posted September 30, 2008 Thanks House Republicans! I feel all they did was stall the process and what was finally put to a vote was almost identical to what Bush and Paulson wanted.....with some added pork of course that was piled on during the negotiations. Umm. what party has the majority in the house? That crazy eyed speaker cannot even get her party to agree with it, plus what kind of f###ing retard insults the other party before the vote...? It is all wrong neither party cares about the common person. Redman Share this post Link to post Share on other sites
DesertBull Report post Posted September 30, 2008 At least one person gets it. Share this post Link to post Share on other sites
DesertBull Report post Posted September 30, 2008 Look who wanted more regulation and look who didn't. http://www.youtube.com/watch?v=_MGT_cSi7Rs Share this post Link to post Share on other sites
DesertBull Report post Posted September 30, 2008 We need to clean house in DC and the state capital. Vote everyone of these leeches out. Start over from scratch. Institute term limits and get a balanced budget amendment passed. We obviously cannot trust these dill holes to balance it on their own. Hate to say it, but maybe a long recession or deep depression is what it will take for people to wake and take their country back from people that have only one agenda.....getting re-elected. Share this post Link to post Share on other sites
