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08-04-2009, 01:47 PM
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Location: SE Arizona - FINALLY! :D
20,460 posts, read 25,613,464 times
Reputation: 7618
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Quote:
Originally Posted by AeroGuyDC
Well, this is good news it seems. I hope it keeps the current trend. Most people would like to see their 401K balances to pre-2008 levels sometime before they die.
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Thanks to some careful (and admittedly lucky) timing moving out of then back into the markets, mine already is. As good news about the economy begins to build I'm expected to see my balances really take off.
Ken |
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08-04-2009, 02:33 PM
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1,653 posts, read 1,127,773 times
Reputation: 442
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Quote:
Originally Posted by momonkey
And also like in most recoveries, it has nothing to do with anything the government has done in advance so as to take credit for the inevetable. Clinton begged the Congress for a stimulus package when the economy was already on the rebound before he was even sworn in. No one will mention that Fannie was a New Deal boondoggle or that the CRA forced unwise lending or even that Democrats in Congress fought against GSE oversight (proposed by Republicans to include Bush and McCain) reform tooth and nail. Nope, the DOW is up and BO is in the White House therefore BO made the DOW go up.
Sorry, Folks, The CRA Really Did Require Crap Lending Standards |
May I recommend more ice, more mix, stir.  |
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08-04-2009, 03:24 PM
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Location: Sango, TN
24,869 posts, read 23,709,060 times
Reputation: 8668
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It had nothing to do with Obama, it was, um, Sarah Palin, yeah, thats it. I know the last 6 months of poor economic stuff was Obama, but when things go better, it has to be a Republican that did it. *sense the sarcasm*
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08-04-2009, 04:21 PM
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2,539 posts, read 2,670,868 times
Reputation: 492
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Its a 'Bull' market alright, based on lots of bulls**t.
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08-04-2009, 04:28 PM
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Location: Dallas, TX
31,767 posts, read 28,042,264 times
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While good news, I wouldn't place bets yet on market recovery. This is already one of the longest recessions in history, now approaching almost two years. I expect it to go down a bit again.
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08-04-2009, 04:33 PM
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Location: SE Arizona - FINALLY! :D
20,460 posts, read 25,613,464 times
Reputation: 7618
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Quote:
Originally Posted by freefall
Its a 'Bull' market alright, based on lots of bulls**t.
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And if I'd listened to folks like you (instead of my own common sense) I'd be $!00,000+ worse off.
Fortunately I was smarter than that.
You are letting your political bias' cloud your financial judgement - not a very wise move. 
Ken |
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08-04-2009, 04:39 PM
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12,867 posts, read 14,505,163 times
Reputation: 4453
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i would save the gloating until the hundreds of thousands of people losing their jobs weekly get hired. let's talk about an economic recovery for everybody!
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08-04-2009, 04:46 PM
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Location: SE Arizona - FINALLY! :D
20,460 posts, read 25,613,464 times
Reputation: 7618
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Quote:
Originally Posted by floridasandy
i would save the gloating until the hundreds of thousands of people losing their jobs weekly get hired. let's talk about an economic recovery for everybody!
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It's coming. It just needs time. As the stimulus funds kick in they will jump start the economy - transforming what might otherwise be a lackluster recovery into a substantial one. It won't happen overnight, but it WILL happen. This time next year total unemployment will be dropping substantially.
Ken |
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08-04-2009, 06:56 PM
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Location: Sango, TN
24,869 posts, read 23,709,060 times
Reputation: 8668
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Quote:
Originally Posted by floridasandy
i would save the gloating until the hundreds of thousands of people losing their jobs weekly get hired. let's talk about an economic recovery for everybody!
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Jobs are the first thing to go, and the last things to come back. Give it time. |
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09-14-2009, 05:20 PM
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283 posts, read 629,671 times
Reputation: 242
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Quote:
Originally Posted by LordBalfor
And if I'd listened to folks like you (instead of my own common sense) I'd be $!00,000+ worse off.
Fortunately I was smarter than that.
You are letting your political bias' cloud your financial judgement - not a very wise move.
Ken |
It is all one big giant crap shoot. Some win and some lose. If you can't stand the heat get out of the kitchen. Congrats on your success, now if you think it was smarts rather than good fortune you have been set up for disappointment. Good luck and good trading. |
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