| Author | Message | ||
     Ferris_von_bueller |
Dow down 777 points...  Is the end near? | ||
| Buellinachinashop |
Oil dropped 10.00 a barrel too. This is because the Bailout failed with the House of Reps. | ||
| Badlionsfan |
The good news is gas will be under two bucks. The bad news, you won't have a car to put gas in. | ||
| Buellinachinashop |
Good thing I have a truck. | ||
| Jaimec |
I usually avoid contributing to threads like this, but this article was rather interesting: http://www.cnn.com/2008/POLITICS/09/29/miron.bailo ut/index.html | ||
| Iamike |
It is refreshing to read that. I firmly believe that if we had a truly impartial and unbised major news media a lot of this stuff would never happen. It seems like the people that allowed this to happen are trying to profit from it now by collecting more power. | ||
| Ferris_von_bueller |
My grandfather lived through the Great Depression and his recollections were vivid enough to convey to me a sense of thankfulness that I never had to live through that. Now, seemingly, in the Year of our Lord 2008, it appears we are on the verge of experiencing the joys of our own economic depression. With the rejection of the bailout plan, I feel like I'm on the deck of the Bismarck watching my shipmates cheering as the burning hull of the HMS Hood sinks under the waves not realizing that we shall be joining them in short order. | ||
| Ferris_von_bueller |
True Libertarians are crack-pots. They are social Darwinists. Sociopaths without the messiness that comes with physical killing. If it were up to them there would be no constraints on business and we'd still be living under the hell conditions of the industrial revolution. Jeff Miron can intellectualize the crisis, safe from the consequences, in his tenured position at Harvard. I understand the logic that we should never pay the kidnapper but sometimes it's worth the risk if we ever want to see the child alive. | ||
| Brumbear |
All I know is I aint listening to the experts they got us here in the first place I truly do not think a good portion of the uberwealthy including most of congress know how we live and the seperation is more apparent everyday | ||
| M1combat |
We've been there for a while. Back then people had to sell things to "stay afloat". Now people go into debt to "stay afloat". We are now seeing the repercussions of that style of living. The market is correcting essentially. | ||
| Brumbear |
I know its not all the UBERwealthy fault the I see it I want it sign my name and I got it days are freekin over cause alot of folks got to pay for crap they shouldn't have in the first place but the people I voted for and are supposed to be watching my back just do not seem to get it and it makes me angry. I mean half of my neighborhood can not afford health ins. and we are trying to bail out companies who are worse than the idiots who bought crap they couldn't or shouldn't have I am in a dark godammed place right now AAARRRRGGGGGHHHHHHH | ||
| Just_ziptab |
Worst of it, is that this whole mess is many levels above the normal everyday financial transactions of a working man that lives from pay check to pay check. If I bought 100K of stocks one day and sold them for 120K the next day.......who lost the 20K that I took? Just doesn't seem right.....money for nothing. | ||
| Gschuette |
Almost any retirement account will be invested at least some in stocks. So ziptab are you never going to retire? If you do how will you sleep at night knowing you are living on retirement stolen from other people in the market? Grow a pair. | ||
| Thumper74 |
My wife works for the state and her 401k dropped by 60% overnight. I was allowed to choose where mine went and it remains solid. I agree, I don't feel that many of these Senators/Congressmen can identify with me. Is there any of them that I could sit down and talk over a beer with? Did any of them work three jobs, totaling 110 hours a week? Have they ever had to roll pennies for gas? Not drive their car because they had to wait a paycheck or two for the money to fix it? Have they ever had to work 40 hours straight with their only break being a trip to the bathroom and home to take a shower? I want leaders with character. Scratch that, GOOD character. I'd like someone who could look back and say, "Man, working those three jobs kicked my ass, but I paid off my motorcycle in two years!" Even McCain, with his real military service isn't on par with the working man. 232 years ago, the leaders of this country worked WITH the people and fought along side the soldiers to free this country from tyranny. Maybe we need new leaders. Whom are ready to get in the trenches, shoulder to shoulder with their peers so that people will be able see that the leader they elected is their peer and is looking out for them. End Transmission. | ||
| Just_ziptab |
I have very very little in retirement stocks and that is a long term investment for me....not a day to day trade(hell,I don't know how all that works anyways).With that, I'd been better off today if I had put "that money" in US savings bonds or CD's.I put all my money in physical property that I have free and clear title to....land, home(s) and...........of course, Buell(s)! | ||
| Wolfridgerider |
COOL NUMBER!!  now lets go see how the 401K is doing.... | ||
| Wolfridgerider |
  Couple of Buells down the toilet..... 7.5 hours and 20 years to go til retirement..... | ||
| Court |
>>>I don't feel that many of these Senators/Congressmen can identify with me. Good point and I'll bet damn few of them have even a rudimentary grasp of the complex financial arena they are in. They, at this moment, are like whiny babies waving a loaded gun with no concept of the consequences. I'm with Wolfie . . . . I'm buying. I took a chance the week before last and bought Morgan Stanley the day it dropped to 11.00. There was NO reason for the drop other than market momentum, they were a sound company and nothing changed the day they dropped. It was a gamble but it closed at $28 and my ass was out. Likely the one and only time I will ever try that. Big picture I'm doing what it sounds like most are and playing the "long game". I moved my I.B.E.W. funds into treasuries and took a very protective stance but left everything else in growth. I'm hoping to avoid that dynamic where, in the grips of fear I sell when the thing drops and then buy back when it's high again. They've been running a solid "in the teens" return for the last 10 years . . . no reason to let a couple weeks of fear change the plans. Besides . . . I'm having too much fun to retire! | ||
| Jlnance |
I don't feel that many of these Senators/Congressmen can identify with me. ... Have they ever had to roll pennies for gas? I agree, but there is another side to that too. Anyone competent enough to run the country, has the business skills and ambition necessary to get rich. That's not to say that everyone running the country is competent, but there aren't going to be broke people sitting in congress unless they are just doing it to make a point. Some people rise from humble beginnings, and they might be in a better position to relate to the "common man" than someone born with the proverbial silver spoon. Though, having worked their ass off to improve themselves, they are often not terribly understanding of those who have not accomplished as much. | ||
| Jaimec |
I think Congressmen/women have a better grasp than Senators because they are far closer to their constituents. Senators are too sheltered (which is why I'm not terribly happy with the current Presidential choices). At least Obama is "fresh" to the Senate. McCain has been in there so long I wonder if he remembers what the "little people" look like? | ||
| Jaimec |
On a lighter note: Q: What's the difference between an Investment Banker and a pigeon? A: A pigeon can still leave a deposit on a new BMW!!  | ||
| Thumper74 |
I didn't say broke currently. Someone who's always had money will never really know what it's worth. Money isn't important until you have none. The people in power can tell me what the national deficite is. They can tell me what the current exchange rate is. They have numbers, but I don't see worthwhile strategies. I don't want extremist leaders like Obama. I want someone level headed, frugal, a go-getter as a leader. Traits? Bill Gates would be an excellent candidate. He started Microsoft and has ended up one of the richest men in the world, but he doesn't flaunt it. Arnold Schwarzenegger (barring being an immigrant) would also be an excellent candidate. He started out with nothing but a dream and worked until he accomplished it. There are better people out there to lead us. | ||
| Rainman |
Unfortunately, I never got ahead. I started out lower middle-class, paid my way through college (cue the Battle Hymn of the Republican) and found and worked at the jobs I've always wanted, moving state-to-state to get ahead. (Flags waving in the background) I never had money to make money, but I always made enough to get by. When I started to get ahead, something usually happened that took up that cash, but I remained liquid. And then I got married. And then we bought the house. And then repairs and taxes and rising costs of medical insurance, costs that rose higher enough to consume my annual raise and actually leave me $10 less per paycheck. There were no extravagant vacations to anywhere. There were no plane tickets to Hawaii. We just worked and lived and got the kids through high school and now we're only breaking even with house and car payments and trying to find a way to put kids in college. We're just a couple of middle-class Americans trying to stay middle-class. And now my 401K is worth squat. I have no money to play the stock market. Perhaps I should have chosen electrical engineering or IT instead of journalism, but who'da guessed? I'm just one of those people who probably deserve to sink to the bottom of the financial ocean and drown because I didn't think far enough ahead and focus on The Money. Oh, well. It's been a good run. | ||
| Strokizator |
Stay in the market for the long term. The only way to get hurt riding a roller coaster is to get off before the ride ends. | ||
| Bomber |
ain't lost a thing unless you sell now . . . . . | ||
| Brumbear |
I invest in real estate when Ican they do not make it anymore if we run out of money they can just make more. | ||
| Hexangler |
Without the bailout bill, the markets have rebounded. I believe they should not pass that bill, and let the free market, bankruptcy, etc. sort it all out. Congress needs to find a way to fix the Fanny Mae/Freddy Mac/Subprime government guarantee law-not support it. | ||
| Ducxl |
-not support it. how true,and many people must lose their houses that they cannot now,nor could afford when they bought them. I can sign for a new Lincoln,probably get the credit too.But if i don't make the payments they "repo" it.Pure and simple. And as the housing market goes down further,even I may be able then,to purchase a "foreclosed" house. In Capitalism,the strong survive and the weak fail.As it should be | ||
| Wolfridgerider |
another thing to b!tch about is my property tax. They just reassessed the value not to long ago... tax went up Now that its down, do ya think I will get a credit...... | ||
| Greenlantern |
And here I thought this thread was announcing a Clay Aiken bike mishap.  |
