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Well if I had listened to all those experts instead my 401K might have been at 50% loss.
Thankfully I didn't..I didn't follow the herd and my 401K was not only preserved but I made 5% on it for 2008.
Far stretch.
They didn't know exactly how hosed the economy was.
Did Bush know exactly how bad he left it?
More like didn't the Democrats, who controlled congress, know about how bad it was. They were in charge of everything. Let's be fair here. The Democrats ran all the committees for two years before the crash.
LOL..if I were do you think I'd settle for a measly 5% return ???
Actually I got completely out of stocks in 2007 and spent 2008 sitting in a stable value fund available only to 401K's and comparable to a CD or MM fund. I was ridiculed at work for a few months by peers but by June 2008 when the recovery didn't materialize the joking stopped and even today no one wants to disuss stocks and their 401K's.
LOL..if I were do you think I'd settle for a measly 5% return ???
Actually I got completely out of stocks in 2007 and spent 2008 sitting in a stable value fund available only to 401K's and comparable to a CD or MM fund. I was ridiculed at work for a few months by peers but by June 2008 when the recovery didn't materialize the joking stopped and even today no one wants to disuss stocks and their 401K's.
Good for you I was kidding. Pros became suspicious of Madoff because even during downturns (when everyone else got slaughtered) he was reporting 5% gains.
Well if I had listened to all those experts instead my 401K might have been at 50% loss.
Thankfully I didn't..I didn't follow the herd and my 401K was not only preserved but I made 5% on it for 2008.
That is incorrect. Their non-gold investments were the only ones to go down about 30-70%. Hedged with gold, I actually had a pretty sizable gain (counting this year of course). Of course, buying more late last year didn't hurt either
That is incorrect. Their non-gold investments were the only ones to go down about 30-70%. Hedged with gold, I actually had a pretty sizable gain (counting this year of course). Of course, buying more late last year didn't hurt either
That's true the most bearish were recommending commodities, many still are.
Far stretch.
They didn't know exactly how hosed the economy was.
Did Bush know exactly how bad he left it?
they knew, they said how many times it is worse since the depression
good grief
and this is not about Bush any more it is about Obama and his hair brained
ideas
instead of blaming him, why don't add "numbers" and point your finger to whom has been in office for the last eight years...this mess did originate under a certain W.
if you want to add the numbers, then your head should be spinning
Obama has spent more in 6 months that ANY president in US history!
Bernanke and Paulson were working on the credit/banking crisis. The stimulus bill did not address that. It addressed the economy as a whole in a wisely-undertaken attempt to bolster aggregate demand. Nobody had any better data than the latest that was available. Geithner obviously had that all along as did the campaign/administration's analysts.
yes, and I was busy trying to sell a bridge in New York
good grief
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