Posted on 02/20/2009 9:16:03 AM PST by FromLori
If major tax and regulatory relief are not quickly instituted, our economy will soon hit the next major stage in its downward spiral.
This will happen because people are slowing their spending and their investing, as they have no idea what President Obama will do next. Businesses are losing money, contracting, and closing down. This leaves people without jobs and commercial real estate space empty. Closing businesses pushes down the value of real estate property. Left unchecked and uncorrected, we will soon begin to experience a major commercial real estate crash.
(Excerpt) Read more at blogs.lubbockonline.com ...
The post was not intended to make anyone believe it. I’m just telling you what I’ve heard, I never said any of you should believe it, nor did I say I did. If I had to choose to believe one, I’d choose my advisor (an educated Christian conservative) over Obama.
As for his position, we must remember that Wall Street lags Main Street by several weeks to several months. I hold no water on the DOW as it stands today. Take it for what it’s worth.
“My financial advisor just informed me he sees us coming out of the bottom right now. He sees things starting to improve the next 6 months.”
You need a new advisor.
One thing to remember, this is not a housing crash, this is a 30 year credit crash and people are going to have to live within their means. Credit is dead to those that are not credit worthy.
Based on what?
His professional opinion is just that. An opinion. I have some investments I wanted to move. There is no place for me to move them that would overcome the penalty.
I would have moved my investments, in spite of his advice, if I thought it would improve.
“A never ending downward spiral is exactly what Obama and his fellow socilaists want to happen using the Cloward-Piven Strategy.”
Wow that’s a great link to a great site!!!
It dismays me that it’s only slowly beginning to dawn on people that Obama isn’t incompetent at all. In fact, he seems supremely qualified to do what he wants to do as a Marxist revolutionary who has ascended to the throne of the greatest nation in human history.
Short financials, builders, Starbucks, Apple. I sold my
FXP and SRS yesterday and cleared 35k. You can make a lot
of money in a declining market if you have the nerves for it.
I have annuities. They mature in about 3 years. I can’t afford to risk it. Besides, I have been seeing a mild but consistent uptick in my business for the last 3-4 weeks. I do sense we’ve bottomed out.
Really and just how many economic cycles has this guy seen where the banks and automobile companies are virtually insolvent? This market has just as much chance of going to 3600 as it does of going up 1000 pts. Anyone who tells you otherwise is delusional.
Don't forget you have baby boomers starting to retire. They are going to need to pull their money out of the market over the next 20 years. That is going to have the tendency of keeping the market flat.
I can't think of any sector that can lead us out of this. So unless there is some wonder technology about to come out that I'm unaware of I just don't see it happening. Don't forget you have an administration that wants to tax miles driven, hold off on any oil drilling, put anti-growth policies in place to protect us from Global warming. Where exactly does a bull market rise out of this. We are the Japanese market of the past 10 years with one arm tied behind our back.
Interest only and alter/A will be bigger than sub-prime and much more devastating, and CRE is going to be the nail in the coffin. Stay in touch.
Thank you for your advice...unfortunately my keyboard is for webtv....I don’t have a computer..and so I don’t have those symbols on mine.
Normally, as I did just now, I click onto my enter button and it skips down and makes the double space for a new paragraph. I did that on the previous post in question, but when it printed out and was sent....no paragraphs...only the one at the bottom. We’ll see what happens this time....thanks for taking the time to respond...
The average investor is not going to make substantial returns any longer, I agree.
There are must-have industries out there. Food, medicine, utilities. These sectors will ALWAYS have demand.
“If he had a shred of love for the USA, BO would admit that he cannot handle the job of President “
BO doesn’t see the job the same way that you and I think he should.
He wants to use his newly acquired power to transform the US and the world into some sort of Marxist Utopia.
He is very well suited for destroying the US and he is doing a doing a very good job at it.
I used to have a WebTV and learned to use HTML on it. Those symbols are on your key board probably in the same place they are on mine (it's been so long I don't remember). The < symbol should be on the comma (,) key and the > symbol should be on your period (.) key. Hold down the shift key to use them.
When you enclose the P inside the < and > it creates the <P> (paragraph) tag - which forces a space between lines of text.
They were on their way, though, to do their share in dealing with, uh, those guys you see goose-stepping there with bayonets fixed.
Bless your heart....thanks for taking the time to tell me you used to have a web keyboard....and guess what?? You were so right...the< and> are on the keys you said they were...Boy, I feel dumb...I’d completely overlooked those two keys earlier when someone else attempted to steer me in the right direction....thanks again.... this goes to show ya...it’s nice to learn something new , no matter ones’ age...LOL.
<B>BOLD</B>
<I>ITALICS</I>
Just remember, if you turn it on you have to turn it off! That's what the second set of tags does (the ones with the slash (/). It's not necessary to do that with the <P> tag.
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