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10-10-2008, 07:57 AM
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L.U.S.T. Girl
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Join Date: Jan 2008
Location: Stewartsville, NJ
7,581 posts, read 5,143,543 times
Reputation: 897
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Quote:
Originally Posted by njkate
Until they start jumping out the windows on Wall St I'll just ride it out
Kids in their 30's,40's have plenty of time to recoup...me & hubbie well we are going to take a hit for sure..just have to re evaluate retiring early
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It will bounce back... just hang in there! |
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10-10-2008, 08:39 AM
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Queen of Oxford
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Join Date: Oct 2007
Location: Redneckville, NJ
2,688 posts, read 1,641,421 times
Reputation: 590
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Quote:
Originally Posted by JERSEY MAN
Sounds like people will be drinking Busch beer and eating spagettios. People the reality check is here. Sell the second cars, skip a vacation, downgrade the 4 or 5 bedroom home, no ipod and Karate classes for Johnny and skip the dance rehersals for Sussie. Conserve people and we wouldn't be in this boat. 
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Uh....we've been doing that for years already.  |
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10-10-2008, 08:42 AM
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Consumed by Darkness
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Join Date: Feb 2008
Location: Here but I spend time There.
1,945 posts, read 1,263,310 times
Reputation: 465
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My fellow posters, This economic crisis started w/ the real estate subprime mess, has spread to all credit markets and it has grown like a cancer as a global tragedy. We are witnessing a historic economic failure. Whoever is cutting the onions put a stop to it, we all crying ova here. |
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10-10-2008, 08:50 AM
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Holy crap- 3 bars- WOOHOO!!
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Join Date: Jan 2008
475 posts, read 334,759 times
Reputation: 150
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This is contagion on a global scale. Consumer confidence is gone, investor confidence is gone and unfortunately the media is fanning the flames because they know this crap will get them ratings.
Is it bad out there? Yes. Are we on the verge of another Depression, no. However, people are going to have to get used to something and its called economic contraction. Economists predict 3 quarters of recessive growth and the definition of a recession is 2 quarters with recessive growth. So say goodbye to the go-go 00s- let the market contract (which has to happen) and things will pick up. The DOW was at this level in 2003, which means in 5 years it has seen growth of 40%. That just isn't sustainable.
If you want to cry for someone, cry for Iceland- the American economy is much more resiliant due to its size, but with a small economy like Iceland, you can see how this is seriosly altering their whole world.
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10-10-2008, 08:59 AM
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L.U.S.T. Girl
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Join Date: Jan 2008
Location: Stewartsville, NJ
7,581 posts, read 5,143,543 times
Reputation: 897
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I believe in MY country and I know we will be back to business as usual very soon...keep the faith kids..keep the faith! Everyone go out and do some shopping this weekend and stay away from the media : )
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10-10-2008, 09:00 AM
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Consumed by Darkness
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Join Date: Feb 2008
Location: Here but I spend time There.
1,945 posts, read 1,263,310 times
Reputation: 465
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Quote:
Originally Posted by wileynj
I believe in MY country and I know we will be back to business as usual very soon...keep the faith kids..keep the faith! Everyone go out and do some shopping this weekend and stay away from the media : )
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Yeah, you're right, everyone go shopping at HTP LOL an extra 10% off on cash/check purchases!!! (darn it, we need the commision) lol |
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10-10-2008, 09:02 AM
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Senior Member
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Join Date: Feb 2007
Location: NJ
6,563 posts, read 5,593,897 times
Reputation: 1365
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aren't these people (Wall Streeters) supposed to smart? Isn't it BUY LOW, SELL HIGH? For crying out loud, can't they just calm the hell down?
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10-10-2008, 09:05 AM
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L.U.S.T. Girl
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Join Date: Jan 2008
Location: Stewartsville, NJ
7,581 posts, read 5,143,543 times
Reputation: 897
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Quote:
Originally Posted by tahiti
aren't these people (Wall Streeters) supposed to smart? Isn't it BUY LOW, SELL HIGH? For crying out loud, can't they just calm the hell down?
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They are smart T... the will make a killing soon enough - buying great stock at low ball prices right now - you will see yet another "bubble" 5 to 10 yrs. from now and yet another recession 10 to 15 yrs form now... |
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10-10-2008, 09:10 AM
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Senior Member
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Join Date: Jul 2007
Location: High Bridge
2,739 posts, read 2,281,961 times
Reputation: 512
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Quote:
Originally Posted by tahiti
aren't these people (Wall Streeters) supposed to smart? Isn't it BUY LOW, SELL HIGH? For crying out loud, can't they just calm the hell down?
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Thats the idea! Which is why I'm on a buying spree |
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10-10-2008, 09:10 AM
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Forever a Yankee
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Join Date: Mar 2007
Location: North Jersey
6,009 posts, read 4,016,211 times
Reputation: 1658
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Quote:
Originally Posted by wileynj
I believe in MY country and I know we will be back to business as usual very soon...keep the faith kids..keep the faith! Everyone go out and do some shopping this weekend and stay away from the media : )
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Also in my opinion a major contributor to the hysterics..like shut up already |
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