Existing homes sales up 2.1% in Feb; nice gain in Northeast. (mortgage, refinance)
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Not sure have if you have any money invested in the stock market but I would say a large % of Americans are tied in via 401k plans or some other type of plan. Well we have just seen the market go from 14k to 6.5k how much of that did the media make up? Was that made up by the media? Am I to believe the number are all a lie? Unemployment is made up? Companies folding are made up? Please let me in on your secrets. Be sure to tell the guy who was banking on his 401k that the 50% loss he just took is all media lies.
I've never had money in the stock market, as soon as I graduated from college I realized that it's nothing more than legalized gambling. The DJIA never, ever, EVER should've been at 14K.
no, the unemployment numbers aren't made up -- but I've lived through the 74-75, 80-82, and 90-91 recessions, and I'm able to keep things in perspective.
besides, elflord1973 says that unemployment is good... that we need this in order to retrain workers !
Talking about month-to-month numbers (especially when the "good" news is a mere slowing of the rate of declining prices) is like saying "Things are looking up!" as you jump up into the air while standing in the aisle of a plane that has lost its engines and is losing altitude ...
... sure, you're a few feet higher than you were a second ago, but over the long-term you're still heading for a crash.
fact of the matter is, Sales, by mid summer will probably double what they are now. The NAR spin machine will try to claim that this signals a recovery. They tried the same spin last year.
besides, elflord1973 says that unemployment is good... that we need this in order to retrain workers !
Chronically elevated involuntary unemployment is not good -- it is symptomatic of economic stagnation.
However, some transitional unemployment (having people who are truly "between jobs", not long term unemployed) is essential to the health of the economy.
I too find the idea of financial people gambling with our retirement money as sadist and therefore closed my 401k books 4 years ago. If I want to have the thrill of stocks rising and falling, I rather play it myself. Some people like to watch porn and some like to play real LOL.
Most companies are no longer contributing to the 401k. Real estate is more realistic gambling than stocks. I mean there is "real" land that needs to be occupied with real people. In stock market nothing is real. Its all illusionary. Stocks change hands even before money transfer takes place. Also look at at the average returns. Was it worth it to tie your money in stocks? the guy called Cramer he delivered good. 24 perecent return. But guess what that socialist comedian tried to put him down on his show. I mean, its always worth it to invest in real investments like real estate or gold.Everything else out there is bull.The only real thing going on in new york right now is future and options.
Forget about startups/expanding companies wanting to raise capital. All money will be out of private enterprises for a long time. This is the end of innovation and a Obama government is of no help either. US dollar is correcting itself against world currency. Also US seems to be meeting its natural death in a global world. But the rest of the world is not as industrilized as America is. Half of the nations don't even care about luxurious living in their homes and having a laundry machine/dryer to clean and dry their clothes, yet they seem more happier than Americans. They may not even live longer than us, but still happy .
Last edited by lets_hope_for_newbruns; 04-01-2009 at 04:03 PM..
stop typing so hard on the keyboard, I'm trying to watch HGTV's House Hunters
in the background
You are in your own world brother. Our words can't bring the reality of the world into your life. That much has been proven. Enjoy living in bliss.
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