Posted on 01/20/2009 4:02:07 PM PST by MindBender26
exactly
now if this was a republican the headlines would be on the front page and saying wall street not happy stick dive people worried for the future
instead it’s still the bumper sticker slogans hope and change and change we can believe in
ARF
Oooooh change is good. Just lost another 10% of my IRA. Thanks Barry.
“watch for the biggest transfer of money out of America in our history. Companies, and individuals are moving money offshore in droves.”
Kind of like animals leaving in advance of a bad storm or tsunami.
This is exactly correct. The folks who move money for a living are, unlike the morons who pose in front of various cameras for a living, know intelligence, skill, and leadership when they see it.
They don't see it.
I'm tellin' ya folks, leave the cities. When welfare checks start to bounce, out at the coffee shop next to Tractor Supply, we won't even know about it until we come home that evening and see the fires on the nooz.
Take that obozo! Even Wall Street doesn’t believe you.
I’m seriously thinking of just taking the huge loss and cashing out my IRA. I know I should have done this earlier like many others here, but if the bottom is coming, I can at least get a little back.
But come on, we DID stop global warming already. Was this the coldest inauguration in history?
“The Zero couldn’t even get a token rally out of the markets.”
not even from Soros.
Don’t do it! Horde the cash you already have or that’s coming in, but leave the stock alone. Things are so bad with the stock market right now that you will get very little if you cash out. If you leave the stocks alone, however, they may be worth a great deal in five or ten years. Try to hang in there without cashing out stocks.
I’m about ready to close my 401k down. I’m also sick of losing more money...
Looks like tomorrow is the next day of reckoning. If it doesn’t soar back well above 8000, we’re in for another plunge. Why anybody is still in stocks and not collecting 8% plus of actual cash on corporate bonds is beyond me.
This provides nail-in-the-coffin proof positive of something we’ve suspected for a long time.
Mr. Market is brilliant and nObama is stupid.
20Jan09: Obama becomes President. DOW tanks over 300 pts. Historic.
I’ll never be able to retire. My 401K is kaputz. My own damn fault too. I meant to transfer most of it to low risk the summer and never got around to it.
Change we can believe in...Obama.
Talked to two well paid, highly educated white Liberals...both cheered Obama’s election.
Neither had the faintest idea of Obama’s past voting record.
Talk about white collar professionals who are too ignorant to vote, but did anyway....
Of course Blacks voted for Obama, as he is black.
Just as women vote for Hillery because she is a woman.
Talk about racism and sexism being the basis of voting decisions.
I’ve been thinking the same thing.
Question is; Would a greenback be worth any more than a lesf of lettuce?
Major credit-crisis induced recessions in the developed world are most often followed by protracted (5-15 year) equity slumps that drop well below long-term moving averages, that destroy ALL inflation-adjusted equity price gains since previous troughs, and that bottom when P/E ratios and dividend yields are substantially below long-term averages. We are at about average right now.
That means that buying equities now is betting that this is a run-of-the-mill, routine cyclical downturn with a return to a 2004-like environment within 1 year. However, if you believe that this is a once-in-a-lifetime structural retrenching - even if not as extreme as 1873 or 1929 or Japan 1989 - history points more to DJIA below 6000.
And just why couldn’t the article INCLUDE today’s market in the table?
Idiots.
IIRC, the DOW began to drop about 6 months after the RATS took over Congress.
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