To: ex-Texan
Tech stocks took a similar correction. Not every tech stock suffered. Those that had no value went in the toilet. Those that were overvalued took a slap down.
People still need technology, and people still need a place to live.
Here's something else to consider: if we hadn't aborted 40 million unborn little ones, how would market demand fair today for both stocks and real estate?
Markets never like the hard sell or hustle. People only get hurt from the quick sell.
Luke 12:
15
Then he said to the crowd, "Take care to guard against all greed, for though one may be rich, one's life does not consist of possessions."
16
Then he told them a parable. "There was a rich man whose land produced a bountiful harvest.
17
He asked himself, 'What shall I do, for I do not have space to store my harvest?'
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And he said, 'This is what I shall do: I shall tear down my barns and build larger ones. There I shall store all my grain and other goods
19
and I shall say to myself, "Now as for you, you have so many good things stored up for many years, rest, eat, drink, be merry!"
20
But God said to him, 'You fool, this night your life will be demanded of you; and the things you have prepared, to whom will they belong?'
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Thus will it be for the one who stores up treasure for himself but is not rich in what matters to God." 7
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He said to (his) disciples, "Therefore I tell you, do not worry about your life and what you will eat, or about your body and what you will wear.
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For life is more than food and the body more than clothing.
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Notice the ravens: they do not sow or reap; they have neither storehouse nor barn, yet God feeds them. How much more important are you than birds!
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Can any of you by worrying add a moment to your lifespan?
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If even the smallest things are beyond your control, why are you anxious about the rest?
27
Notice how the flowers grow. They do not toil or spin. But I tell you, not even Solomon in all his splendor was dressed like one of them.
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If God so clothes the grass in the field that grows today and is thrown into the oven tomorrow, will he not much more provide for you, O you of little faith?
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As for you, do not seek what you are to eat and what you are to drink, and do not worry anymore.
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All the nations of the world seek for these things, and your Father knows that you need them.
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Instead, seek his kingdom, and these other things will be given you besides.
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Do not be afraid any longer, little flock, for your Father is pleased to give you the kingdom.
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Sell your belongings and give alms. Provide money bags for yourselves that do not wear out, an inexhaustible treasure in heaven that no thief can reach nor moth destroy.
34
For where your treasure is, there also will your heart be.
14 posted on
11/01/2006 9:50:17 AM PST by
SaltyJoe
("Social Justice" for the Unborn Child)
To: SaltyJoe
I lived through a major bubble burst in New England in the 80's when home values dropped by as much as 50+ percent. I was actually pretty lucky, I bought my house in December of 1984 and closed on it in february of 1985. by the time we had closed on it the value had already gone up $50 thousand dollars. When we sold it 14 years later it went for that same $50k profit we made in the first 2 months. Some of my coworkers who bought in 1985-86 saw their home values plummet. One buddy paid $135k for a condo and finally declared bankruptcy when it was assessed at $50k. Another paid $280k for a condo and the price dropped to about $170 for the rest of the units but he and his wife rode it out. Cape Cod took a massive hit. But there was a silver lining in the cloud. For each family that lost big time there was another family, one that had been saving up because they were priced out of the market, that now had a home they could afford. So the trillions won't dissapear they will be moved around because unlike stocks which can only be used for toilet paper when they become worthless people can still live in houses, business can still move into office space. It happens and frankly I'm in a position to buy and wouldn't mind cashing in on someone elses misery.
To: All
18 posted on
11/01/2006 10:16:18 AM PST by
SaxxonWoods
(..ON 11/7, YOU ARE EITHER WITH US, OR WITH THE TERRORISTS..)
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