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09-29-2008, 03:14 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,822 posts, read 11,594,216 times
Reputation: 4195
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Well, the Great Depression was heralded in by the populace when they all made a run on the banks . . . and that was b/f the internet, LOL. Heck, most people didnt even have phones back then. People panic and they don't think about long term implications of their actions.
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09-29-2008, 03:16 PM
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Senior Member
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Join Date: Sep 2006
1,781 posts, read 1,595,268 times
Reputation: 615
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Quote:
Originally Posted by anifani821
No kidding. No use to go to pieces. Transitions in the corporate world take some time . . . decisions have to be implemented.
You should read some of the other boards . . . people are literally talking about withdrawing their money from the bank . . . this is not the time to panic!!!!!
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The worst thing anyone can do right now is to withdraw all of their money!!! It's all connected. People withdraw their money = Dow drops = no liquidity for corporations = no money for loans, salaries, etc.
Ride it out people!!! This too shall pass!
Now Congress has to get to work on a better bailout plan!
(I say: let's take a look at how much we're spending on keeping the troops overseas....just a thought) |
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09-29-2008, 03:18 PM
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Senior Member
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Join Date: Sep 2006
1,781 posts, read 1,595,268 times
Reputation: 615
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Oooops! "Alert" is spelled with one "L".  |
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09-29-2008, 03:18 PM
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Senior Member
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Join Date: Jan 2008
232 posts, read 140,478 times
Reputation: 95
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Quote:
Originally Posted by FrankTheTank2
Jim Cramer told us to buy two stocks on Friday's show. One was Wachovia stock (then at $10 per share). This guys has been wrong so much more then he has been right. The only reason he is on TV is because he truly is crazy and its fun to watch.
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Could not agree more. Jim Cramer is fun to watch but I do not put too much stock into what he says. No pun intended.  |
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09-29-2008, 03:22 PM
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Senior Member
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Join Date: Dec 2006
Location: Crown Town
1,537 posts, read 1,112,254 times
Reputation: 687
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And to the other poster, they've already announced the status of where the headquarters and other operations will be.
Last edited by SunnyKayak; 09-30-2008 at 12:25 AM..
Reason: the post in reference has been deleted
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09-29-2008, 03:26 PM
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"Ad astra per aspera"
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Join Date: Aug 2007
Location: West Cardassia, NC
2,115 posts, read 1,358,372 times
Reputation: 751
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Quote:
Originally Posted by stmaarten
The worst thing anyone can do right now is to withdraw all of their money!!! It's all connected. People withdraw their money = Dow drops = no liquidity for corporations = no money for loans, salaries, etc.
Ride it out people!!! This too shall pass!
Now Congress has to get to work on a better bailout plan!
(I say: let's take a look at how much we're spending on keeping the troops overseas....just a thought)
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stmaarten - Many people think that if the war ended tomorrow there would be money to pay for this bailout. That is simply not true! All the money for the war is borrowed too!:  A double-whammy of borrowing! 
We're even worse off than the general public thinks! |
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09-29-2008, 03:30 PM
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Senior Member
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Join Date: Jul 2007
Location: Huntersville
1,690 posts, read 1,134,529 times
Reputation: 350
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Quote:
Originally Posted by The Native 1
Could not agree more. Jim Cramer is fun to watch but I do not put too much stock into what he says. No pun intended. |
Agreed, He is pure Entertainment now, if you ever take advice from a lunatic on tv, I hate to see what happens if these people accidently find the home shopping network. |
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09-29-2008, 03:30 PM
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Senior Member
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Join Date: Sep 2006
1,781 posts, read 1,595,268 times
Reputation: 615
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The bars in and around Wall Street are going to be PACKED tonight!
I was there in 1987...everyone just got drunk... |
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09-29-2008, 03:34 PM
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Senior Member
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Join Date: Sep 2006
1,781 posts, read 1,595,268 times
Reputation: 615
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Quote:
Originally Posted by TheEmissary
stmaarten - Many people think that if the war ended tomorrow there would be money to pay for this bailout. That is simply not true! All the money for the war is borrowed too!: A double-whammy of borrowing!
We're even worse off than the general public thinks! |
So scary! But if we ended the war, at least we can begin to stop the hemorrhaging somewhere. |
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09-29-2008, 03:46 PM
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Life is a Journey
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Join Date: Jan 2007
Location: Yellow Brick Road
20,822 posts, read 11,594,216 times
Reputation: 4195
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Quote:
Originally Posted by stmaarten
So scary! But if we ended the war, at least we can begin to stop the hemorrhaging somewhere.
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Plus, it would be psychologically good (for me, anyway). I don't like having our soldiers in harm's way - I want them home.
Everyone needs to calm down. I have been thru/ all sorts of situations in life . . . including a situation when my employer could not make payroll (it happens!!!) and another situation when we all came to work and there were big chains on the doors w/ a notice - b/c all assets had been seized by the IRS!!!! I didn't get paid for that job for months, and this was when I was a young kid right out of college and needed every penny.
So things happen and we all survive.
Meanwhile, I am looking at some land . . . and if the sky falls, my CD buds can come put their trailers beside mine.  |
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