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I love the current frenzy on Wall Street. I am watching the numbers fall and am poised and ready to increase the number of my investments because of all this panic selling.
Restrict naked shorting, enforce some of the SEC laws already on the books like the buy/delivery rules. I know of one stock that's so oversold via naked shorts that there's no way in heck the shares can be delivered within the 72 hours the law demands but yet the SEC does nothing. I've got to think this is one of many,many stocks this is happening to.Too busy with other things maybe???
Find some way to regulate who's on the compensation boards of these large companies which are usually stacked with friends of the CEO. Fully investigate the memebers of congress who were involved with the Freddie/Fannie failure and prosecute to the fullest EVERYONE involved in this Enron scheme.
Instead of subsidizing housing deadbeats, the government should have seriously pursued worker retraining and factory retooling programs.
This idea is in sync with those who point to dividend-paying stocks from businesses that actually produce things or, better, investing in one's own business.
To be sure, inflationary subsidization of deadbeats does not inspire confidence.
My confidence will be restored when I see enough of the people responsible in prison.
I agree with you. 10/05/08 I watched an interesting interview with Fareed Zakaria GPS/Bill Gates third world countries.The interview brought out other topics pertaining to the economy.
My last day of vacation.......This has been some last week and into this week.
People sell in mass at exactly the wrong times. It's been proven over and over again.
It's - Buy 'LOW' Sell 'High'.
The market is attractive at this time for investors with longer time horizons. If it goes down more, it becomes more attractive. I'm not smart enoguh to know where the bottom is (except I was pretty damn close last week. ha!) but dollar cost averaging for my future will make more money than any other investment I see suggested anywhere.
My mattress is getting lumpy. I need to put the money somehwere.
Just an example: When the market hits new highs, you'll see people asking "I want to invest in the market. What stocks should I buy?" AT the top!! Now is closer to when you should buy than the top. In ten years, will the market be closer to what it is now, or closer to what it was last year or higher? You know my guess.
Non-retiring people who pulled their money out are idiots. There's no solution for that.
The solution was _NOT_ to bail out the companies and let the chips fall where they may.
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