So Here's A Question I Have

Discussion in 'Economy' started by WillowTree, Oct 2, 2008.

  1. WillowTree
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    WillowTree Diamond Member

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    trillions of dollars just disappeared from WallStreet. The people who are the real losers are the stockholders. These companies were publishing AAA ratings and continued selling stocks while knowing they were cooking the books and were about to go bust.
    There is no recourse for the stockholders. They are just out whatever money they had invested.

    So, why would anyone in their right mind ever invest another dime in the stockmarket? Do you think this will have an effect on investment? at least until the memory of this event dims a little?
     
  2. DiamondDave
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    DiamondDave Army Vet

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    This is a buy time... I am certainly not stopping investment
     
  3. Care4all
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    Care4all Warrior Princess Supporting Member

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    people 50 and over will probably never invest in the stock market again if they lost a great deal of their Pensions and 401k retirements etc in this mess....and on top of this the 700 billion bail out also make social security much more on shakey ground, so they are really shit out of luck...as the saying goes...

    guess many more children will be having to take in their parents in old age...making it harder on them to be able to live their own lives and save for their own retirements....

    Anyone young, who has 20 or 30 years, probably should be buying in to the lows, on solid companies...i'd follow buffet's buys in this mess.... :D
     
  4. Ravi
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    Ravi Diamond Member

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    Anyone that doesn't know that investing in stocks is risky is pretty stooopid.
     
  5. Baruch Menachem
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    Baruch Menachem '

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    Now is a good time to sell out and max out your credit cards.

    In the immortal words of Louis XV, "Apres moi, le deluge...."
     
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  6. dilloduck
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    dilloduck Diamond Member

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    I think I would rather handle my own money than trust it to this brilliant govenment of ours.
     
  7. DiamondDave
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    DiamondDave Army Vet

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    Buffet's GE investment is intriguing.... following Buffet normally pays off... but I am not so sure on this one...
     
  8. busara
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    busara wanasiasa wapumbava

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    im expecting GE to fall lower, though their debt scares me a bit.
     
  9. KMAN
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    KMAN Senior Member

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    Amen brother! Free money... Well, free money from tax payers I should say...
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    handle it how?

    like those private pensions that just got wiped out?

    like the private pensions you negotiated for with them, that they now say they didn't put enough away for them, by mistake of course... and they now tell the employees...so sad too bad?

    like putting your money in a 401k private retirement which saves on taxes, for it to bust right before you retire in a fall like the one this week or one much bigger, when none of it was your own fault, and you get stuck bailing the crooks with your tax monies???

    retirement is a 3 legged stool was what we were taught...pensions from jobs, social security, own private savings....

    hopefully, in the very least, ones social security, taken out of their own pay, should be secure...in case the other two legs break....

    of course, this isn't the way things are turning out.... :(
     

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