Sept 2008 economic meltdown ??? (economist, depression, bill, Miami)

[dugdogmaster]

Yeah, spooky. Makes ya wonder I hear the Twilight Zone theme playing!

[jetway777]

Originally Posted by dugdogmaster

Yeah, spooky. Makes ya wonder I hear the Twilight Zone theme playing!

I Wonder who the prison camps are for???

[HappyTexan]

Originally Posted by jetway777

I Wonder who the prison camps are for???

People that cash in their 401K's and take $$$ out of the system !!!
The bankers don't like that

[Lulu101]

I think the meltdown will be later this year.

[davidt1]

Originally Posted by HappyTexan

People that cash in their 401K's and take $$$ out of the system !!!
The bankers don't like that

Good point! Let me add to this. It's really the fund managers who want people to stay in their funds no matter what. Why? So the funds they manage don't go down in value and they get to keep their job and big bonuses. Industry cheerleaders like Peter Lynch, Crammer, Bern Stein, etc. help spread that message on tv and in books to the naive masses with great success.

What's wrong with that? You ask. What's wrong with my fund not go down in value? Nothing...if it works out like that. While the cheerleaders are telling the masses to do one thing, they tell their real clients to do the opposite. The reality is in bad times most funds/stocks will go down in value. It's the naive novice who are left with the sinking ship.

Just to be clear, I am not implying that people should get out of their 401K. I am suggesting they should protect their money above all.

[HappyTexan]

It's easy to stay in your 401K and just rebalance which you should do semi annually or annually.

If folks did that then they might have seen this coming and have a bigger percentage in stable funds right now and not equities.

[Mathguy]

Originally Posted by jetway777

This is weird and freaky ! Someone predicted this sept 2008 economic
meltdown back in March 2008 !!!


http://www.city-data.com/forum/polit...-economic.html

LMAO. Let me refer you to the $300 oil threads, the $7 gas threads, the $3,000 an ounce gold threads.....yeah it's really freaky.

I predict the stock market will go up in October.
I predict the stock market will go up in November.
I predict the stock market will go up in December.
I predict the stock market will go up in January.
I predict the stock market will go up in February.

I predict that the average gas price nationally will be $3.45 in January.
I predict that the average gas price nationally will be $3.55 in January.
I predict that the average gas price nationally will be $3.65 in January.
I predict that the average gas price nationally will be $3.75 in January.
I predict that the average gas price nationally will be $3.85 in January.
I predict that the average gas price nationally will be $3.95 in January.
I predict that the average gas price nationally will be $4.05 in January.

Give or take 5 cents.

I don't like wasting time like most of the hacks here and have condensed by expert prognostication to a single post. Whoops, gotta get back to the grill, lunch rush is coming in.

[Mathguy]

Originally Posted by jetway777

I Wonder who the prison camps are for???

Covered in another thread.

Suffice to say that if they are for schizophrenic people with delusions and early stage dementia this forum is going to need a lot less bandwidth.

[jetway777]

Originally Posted by Mathguy

Covered in another thread.

WHERE ???

I would love to read that thread?


CURRENT US ECONOMIC SHOCK WORSE THAN THE GREAT DEPRESSION !
http://www.cnbc.com/id/26850473

" I started out with nothing , and still have most of it left"

[dugdogmaster]

Hey everyone, Starbucks stock is up