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Hey, they said this would happen if and ONLY if the debt ceiling was not taken care of. Did they forget the floor that was crumbling under the weight?!?!?! LMAO
I remember it and I wish I had listened to my father who said to just leave my mutual funds alone as they would just come back up again in 6 mos. Turns out he was right... but I listened to the bad news bears who predicting further losses.
After reaching the highs in 2008 and after the correction in 2008/2009 we STILL even by our most recent highs only regained 3/4 of our losses. After our 480 point slide today we are probably at only 2/3 of our 2008 highs and of course that is in dollars that don't buy nearly as much as they did in 2008.
Hubby and I argued about the strategy we should use in 1987. I wanted to stick it out; hubby withdrew the $$$. Mistake.
Where I got royally screwed was when Enron tanked. I had no idea 3 of my mutual funds had positioned themselves heavily in Enron. I have never recovered from that loss (on those particular funds). Sucks but that's life.
On trading earlier today. Its down around 300 now. This hasn't happened since 1978 if I recall from an article I read yesterday. I thought the great orator was going to save the world with his big "deal" the dems hoisted upon the world? Apparently not. Now what? I can't wait for the calls of QE III and more stimulous by these complete and utter idiots.
The great blow-hard, jack-azz Obama has succeeded in wreaking the havok that will give him the cover he needs. Reich-stag USA
You guys need to trade options. I picked up a ton of contracts yesterday and today. They are dirt cheap and they expire in 2012 and 2013. And I can bet on both cheeks of my "sweet" buns that I will sell them green in the coming months, with plenty of upside.
I'm glad I took 90% of my money out of my 401k about six months ago.
I borrowed the max off one of mine in May, to make some home repairs. Hubby kinda thought that was not smart, but . . . I am very happy I did it. Had to have the repairs made and I assumed things were gonna go to hell so why not borrow off it rather than having to recognize it as income (and be taxed on it - again, lol).
And the T P you seem to use, is much too hard. Please get real?
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