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6 out of 10 Americans Believe were headed to another GREAT DEPRESSION!
Economyincrisis.org - America's Economic Report - Daily (http://www.economyincrisis.org/articles/show/1893 - broken link)
3 out of 4 Americans STRESSED over MELTDOWN!!!!
wcbstv.com - Study: Most Americans Stressed Out By Economy (http://wcbstv.com/health/economy.stress.health.2.834942.html - broken link)
US Investers Panic Dispite Fed Rate cut
Stocks rise tentatively after rate cut: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/081008/wall_street.html - broken link)
Americans are PISSED retirement accounts vanishing!
Retirement accounts have lost $2 trillion — so far - Yahoo! News (http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/meltdown_retirement - broken link)
World economy to slowdown Led by US Recession!
IMF: World economy to slow sharply, led by US - Yahoo! News (http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/world_economic_outlook - broken link)
Iceland Close to NATIONAL BANKRUPTCY! Video: Bank shares plummet and Icesave deposits frozen - Times Online
UK Banks Need BAILOUT! BBC NEWS | Business | Government to unveil bank rescue
Asia Stocks tanking Major World Indices - Yahoo! Finance
Japanese Markets are collapsing! Japanese stocks dive 9.38 percent in worst crash in two decades
Volvo Slashing 3,000 Jobs!
Volvo Cars to slash more than 3,000 jobs: Financial News - Yahoo! Finance (http://biz.yahoo.com/ap/081008/eu_sweden_volvo_cars_cuts.html - broken link)
BOFA SHARES TANKING!!! BofA Sells 455 Million Shares at $22 Each: Source - Financials * US * News * Story - CNBC.com
US Retailers post weak sells , Despite deep discounts !
http://www.cnbc.com/id/27081213 (broken link)
Metlife To cut Jobs , Shares Plunge !!!
http://biz.yahoo.com/rb/081008/business_us_metlife.html (broken link)
Toyota's Corp Shares Plunge , Weak US Sales !!!
http://biz.yahoo.com/ap/081008/as_japan_toyota.html (broken link)
Alcoa INC. 3Q LOSS OF 52 PERCENT!!!!
http://news.yahoo.com/s/ap/20081008/ap_on_bi_ge/earns_alcoa;_ylt=AoPa9D1vdanxEeQgnVufdg1u24cA (broken link)
Last edited by jetway777; 10-08-2008 at 08:40 AM..
People are selling into any strength they can. Libor rates are rising despite the global rate cuts. Gold and silver are about to explode to the upside as people lose faith in paper.
Sorry to burst everyon'e bubble, but this ol boy is buying. Are you kidding me? So many bargains. Dow might dip to the low 8000 range, but in 2-4 years, it will be back up to 13,000-15,000 range! I'm buying strong companies with cash, assets, at near 1-1 ratio of total market cap that will not be impacted by this slowdown. BARGAINS! Crazy bargains!
This is when people make money folks, right now! Again, this is when people make money, right NOW! Be brave.
And think of it this way. If things completely fail and crash to great depression times, then the money will be worthless anyhow! Right? so why not invest it and take a high percentage chance of doubling, or even tripling your investment in 2-3 years? If it don't work out that way, we are all screwed anyhow, no matter if you sold or bought today.
Sorry to burst everyon'e bubble, but this ol boy is buying. Are you kidding me? So many bargains. Dow might dip to the low 8000 range, but in 2-4 years, it will be back up to 13,000-15,000 range! I'm buying strong companies with cash, assets, at near 1-1 ratio of total market cap that will not be impacted by this slowdown. BARGAINS! Crazy bargains!
This is when people make money folks, right now! Again, this is when people make money, right NOW! Be brave.
And think of it this way. If things completely fail and crash to great depression times, then the money will be worthless anyhow! Right? so why not invest it and take a high percentage chance of doubling, or even tripling your investment in 2-3 years? If it don't work out that way, we are all screwed anyhow, no matter if you sold or bought today.
My sentiment, is that unless you need $ now, BUY!
by your own admission, the dow still has not reached bottom so why would people buy today?
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