Obama Sets Record: Last Month Was Worst January for Stock Market In 113 Years (Congress, legal)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I was told by a VP of a financial investment firm that the market is dropping because people are losing their jobs. Apparently many people are liquidating their stocks to pay the bills. That is the #1 reason for the drop.
It may be one reason. More likely, people are simply cutting their losses.
For me, I have no investments. It was a mistake I made (maybe!). I think it's a great time to be poor! LOL I have nothing to lose!
I don't listen to Limbaugh, I don't even know when the show is on or if they broadcast it here.
I think you need to stop watching Oprah for all your answers.
It's clear the stock market is headed out of existence. We'll see how well things go then.
Quote:
Originally Posted by malamute
???? What? I never said it failed. You've got someone else.
Look at the stock market over the past 20 years. It's been soaring. People have more material things now than at any point in time. 401K plans were doing very well, probably too well.
I said the market was correcting back in October 2008. It does that. It's not all straight up if you would ever check out the Dow index, you'd see it rises, drops a bit, rises again.
yes you did it say it failed see. you said the market is headed out of existence. It must be hard to keep your story straight when you are taking all sides of the issue to slam obama
Quote:
Originally Posted by malamute
Do you even know what the Dow index was in September? It wasn't tanked, not by a long shot. Nothing compared with what it did in February 2009.
I was told by a VP of a financial investment firm that the market is dropping because people are losing their jobs. Apparently many people are liquidating their stocks to pay the bills. That is the #1 reason for the drop.
Yeah, and people who have 401K's are having theirs liquidated for them, they don't have to do anything but sit back and watch it fade away. people who've invested in 401K's and their investors put the money in stocks, was and always was high risk. take for instance the S&L scandal of the 80's, my spouse lost 50% of her 401K because the administrator invested her $$$ in the wrong places. money down the tubes. my advice? put your $$$ under your pillow, it's much safer there. it won't get you any interest, but at least you'll have it in your sock, and not someone else's pocket, when things come crashing in.
yes you did it say it failed see. you said the market is headed out of existence. It must be hard to keep your story straight when you are taking all sides of the issue to slam obama
deflection your best defence.
I said now that Obama the Marxist who plans to nationalize everything is in office, it is headed out of existence. It won't be a failure in his mind because the end of the stock market, of private investment is his goal for this country.
Communist nations don't have stock markets. The government owns everything.
I said now that Obama the Marxist who plans to nationalize everything is in office, it is headed out of existence. It won't be a failure in his mind because the end of the stock market, of private investment is his goal for this country.
Communist nations don't have stock markets. The government owns everything.
I have heard a few people calling for nationalization of the banks equally from both parties. I haven't heard it from the Obama administration though, so I don't think your being fair.
I said now that Obama the Marxist who plans to nationalize everything is in office, it is headed out of existence. It won't be a failure in his mind because the end of the stock market, of private investment is his goal for this country.
Communist nations don't have stock markets. The government owns everything.
marxist? o'reilly or hannity again????!!!! let's bailout stanford!
The scary part was that January 2009, though only one month, would constitute the worst year EVER for the bond market. That's bad as it indicates significant weakness in the US Dollar.
The scariest part about the Obama Admin is not the unemployment, declining equities markets, bigger Government or higher taxes. It's the potential for massive inflation.
Inflation? have you been livin' in a cave or what? gasoline was the highest it ever was under bushka, food prices have been higher under bushka, what in the world are you talking about? inflation has been present for the past 8 years. get a grip. go shopping and find out!
It's is painfully obvious it doesn't. Nor does he/she know how to read and interpret CBO data. Beyond his/her ability.
I'm still waiting for you to provide the evidence that you claim I can't read. If you are ever to be taken serious you'll need to provide evidence at times to substanciate your claims.
It's is painfully obvious it doesn't. Nor does he/she know how to read and interpret CBO data. Beyond his/her ability.
Yes, I think most of us knew the housing industry with it's cheap illegal labor, subprime loans, no down payment, interest only loans, no income verification on loan applications was a bubble waiting to burst and that happened in September. It was a fairly large "correction" that was needed.
Housing prices were going too high, they had to come down. I knew that when I would get my home appraisals and see it was now a house that I could never think to afford but of course having a fixed rate mortgage obtained a few years back allowed me to afford it.
It was idiotic seeing all these people take out second mortgages on their homes, using them like an ATM for their luxury vacations, big screen televisions, credit card debt because they couldn't control themselves. It was a big spending orgy going on -- now they don't want to admit it's better to be frugal like many of us chumps who were that will now pay for it all.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
deflection your best defence.
let's bailout stanford!
