Posted on 11/19/2008 1:34:21 PM PST by Ravi
280.18
(Excerpt) Read more at marketwatch.com ...
You must not have elderly relatives who are now wondering if they're going to be spending their "Golden Years" eating cat food.
Guess they’re moving in with you.
Just how many of these seasoned citizens voted for that guy w/o a birth certificate? Let them eat cake.
I’m not elderly, yet, but I’ve pretty much given up on much of a “retirement.” I imagine that a lot of us who had tried to set money aside for the future will have to get creative in our old age in order to survive. Right now, as I ponder just how much the dollar will be worth in 2-3 years, I’m seriously thinking of cashing out what I do have invested for retirement and using it NOW rather than wait until it’s worth a small percentage of it’s current value. These are scary and very uncertain times.
Nah, mine are okay.. But I wouldn’t wish an economic collapse on the country. People who think such a collapse will lead to anything other than more socialism and govt control over our lives are deluding themselves.
Elections have consequences. The idiots of this "sunkin-ship" nation deserves their karma.
I hear ya.
Well, I have parents. One due to retire this year so I have a stake in the market’s health. None of this was his fault.
But the voters screwed up, and I mean back in the primaries. McCain and Obama wre disastrous. One more then the other but both weak. And Republicans made it worse by beraying everything they had stood for so voters saw no difference. My dad? He did everything right. Worked hard, asked for nothing, voted for the right people but too many didn’t and brought this mess down on all of us.
I don’t celebrate how this impacts him or my mother. I do celebrate the pain of those who are responsible though. And I don’t blame investors for running with what the Democrats are proposing. Maybe had the majority of politicians and voters taken their duty seriously their 401k’s would be fatter today.
Hoping isn't going to make it any better.
“Just how many of these seasoned citizens voted for that guy w/o a birth certificate? Let them eat cake.”
My stupid A$$ Mother in law and father in law did and know who they’ll blame it on? you got it....BUSH!!!
They piss me off...stupid old farts!!!
Still love ‘em, but they are living an illusion!!!
I cannot believe that people were willing to pay that much for a search engine company. It’s the easiest thing to change on a computer!
Mine didn't.
Everybody on deck, gotta re-arrange the chairs again.
Hopefully, like my parents retirement accounts, after a certain age, they switch to cash and low risk, low yield bonds. Most financial planners worth their salt would do that. I do have sympathy for your grandparents however as some of these financial gurus have probably told them to keep their money in the stock market. I don’t have a good answer for that.
sw
BTW, I’ve lost a boatload of money in my 401K but for some reason, I’m happy. It’s just a sense of this is what the voters wanted and this is what they got now deal with it. I have a feeling in 4 years, if a repub gets in power, the market will skyrocket. Of course, hopefully we can hang on for four years. That’s the question.
I’m with you, I hope the whole market crashes and burns, and takes the thieves who caused it down with them.
Thank God I am out of equities.
Cash was King all during the Depression, don’t lose hope just yet.
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