To the people...

[3800SoloWing]

...who think the economy is slumping because of wall street...

BUY!!!!BUY!!!!BUY!!!!:slap:

Stocks are low, so what happened to the buy low sell high gig? Instead you bought super high and are selling super low! Are you so afraid for your money falling through so fast? Buy more while they last! No guarantee that you will get a deal like this in another 10 years on wall st. You damn bankers think you should shark people for their money? NO! Go to the stock market and buy America's way out of this slump! Obama wont help you get your money back if you sell now, all you have to do is BUY! BUY! BUY! Not SELL! SELL SELL! Sell yourself into debt is what it sounds like.:spank:


Sorry folks...I had to rant about that after seeing an entire news broadcast about the stock market failing, while my fellow shipmates and battle buddies are dieing in Iraq and Afgan. I have never in all my life seen such news whoring over the stock market. Its THOSE news broadcasters that are making people sell. This sickens me. Again, I apologize to anyone to whom I might offend.

[Savorybacon]

Re: To the people...

I have to disagree with you on some things....(I know you warned about offending anyone, I'm not offended)
1. Buy Buy Buy....with who's money? None to loan. Also, why get yourself into debt when you should be saving. That has been one of the major problems is buying. I understand now is a good time to buy stocks, I just upped my 401k last week (I'm 21). However, for those who are older than I and won't ever get out of this hole they should not be tempted to buy anything. They could possibly never live long enough to see the benefits of it.
2. "Obama won't help you get your money back if you sell now" What are you trying to say? Obama nor McCain can fix this, this is a global issue. No one completely understands this crisis to begin with, we are only beginning to grasp the total effects of this meltdown. Also, no matter who gets elected this mess will be continued for years probably.
3. I understand there are great Americans dying overseas. They are doing something I decided not to do, and I respect them for that. However, I think this economic crisis deserves just as much attention as the wars overseas. This is a defining moment in American history. How all of this plays out will affect our country and the world as much as any current war. Also, I have not witnessed a single broadcaster telling viewers to sell and if people feel compelled to do so because of what a broadcaster says they are lemmings.

[DAS BOOT]

Re: To the people...

what about just staying the course until it ends? I keep contributing the same money I have been contributing to my 401k knowing that in 10-20 years it might really take off, since I am "buying low"

[3.4 slow to go]

Re: To the people...

what's a 401k? :p

If the "bail outs" haven't fixed the problem, then it obviously goes deeper than what's being reported........ then theirs all those banks being FORCED to accept the aid, whether they needed it or not.

WTF??????

[3800SoloWing]

Re: To the people...

I have to disagree with you on some things....(I know you warned about offending anyone, I'm not offended)
1. Buy Buy Buy....with who's money? None to loan. Also, why get yourself into debt when you should be saving. That has been one of the major problems is buying. I understand now is a good time to buy stocks, I just upped my 401k last week (I'm 21). However, for those who are older than I and won't ever get out of this hole they should not be tempted to buy anything. They could possibly never live long enough to see the benefits of it.
2. "Obama won't help you get your money back if you sell now" What are you trying to say? Obama nor McCain can fix this, this is a global issue. No one completely understands this crisis to begin with, we are only beginning to grasp the total effects of this meltdown. Also, no matter who gets elected this mess will be continued for years probably.
3. I understand there are great Americans dying overseas. They are doing something I decided not to do, and I respect them for that. However, I think this economic crisis deserves just as much attention as the wars overseas. This is a defining moment in American history. How all of this plays out will affect our country and the world as much as any current war. Also, I have not witnessed a single broadcaster telling viewers to sell and if people feel compelled to do so because of what a broadcaster says they are lemmings.

I understand no presidential candidate can help anyone with this problem, but the only thing I disagree with. The fact that broadcasters telling to sell is not them going on air and saying to sell before you lose more, rather what I meant was that all the focus is people are pulling out. That scares people who have stocks, and causes them to pull their shares as well. Its a trickling effect and before it gets worse, the only thing I really have to say is to take advantage of the low stock prices while you can.

[DAS BOOT]

Re: To the people...

whoever the next president is they McCain or Obama, they will be considered a ****ty president and be voted out after 4 years.

The majority of the problems in our economy have started as far back as the early 90s, some of them way before that.

[Savorybacon]

Re: To the people...

Your right about the problems going way farther than that. Go back to when the oil embargo happened. I know it's different circumstances but we go on this economic rollercoaster periodically. Especially since the early 80s; they are saying unemployment rates will possibly reach 7-8% by early next year, go back to the early 80s they were over 10%. If people think the economy is terrible now it can get much worse. I think this will all work out, might take awhile since we are on the cusp of recession. At any rate we should all keep an eye on it and be informed.

BTW SOLOWING I just want you to know I was not trying to come down on you, I don't think you took it that way ; ) I just wanted to offer a diff. opinion

[tkoforpresident]

Re: To the people...

yeah, i'm not sure why anyone wants to be president for the next 4 years in America

[kristen]

Re: To the people...

people are going to wait till it just starts to get on the up swing agin. i know that i am

[Leonard 3.8L]

Re: To the people...

I think the bad economy thing is just a hype - thats just me though. Maybe its cause I'm poor and it don't bother us lol

[Mighty Thor]

Re: To the people...

That's what Warren Buffet said too. Best time to buy. It may go down some more but it will go up again after the election.

[dafirebird]

Re: To the people...

Yes, now is the time to buy. But people are concerned that more slips in the market will cause the loss of everything they've put into it. I have a chunk of stocks floating around out there, and lost $2,000 worth in the last 2 months. All anyone can do is wait it out and hope it doesn't fall to a total loss.

One reason I think the economy has slumped is because too many people have bought more house than they can afford - using a VARIABLE mortgage rate. They live easy for 12 to 15 months paying only a few hundred dollers a month. During this time they buy another car (or 2), then a boat, a Harley, and more STUFF. Then the Variable rate kicks in and all of a sudden they owe 2 to 3,000/month. Part of it is also the banks fault in the first place by giving out these huge loans - knowing what these people earn.

I dunno, just my thoughts.....

[3800SoloWing]

Re: To the people...

BTW SOLOWING I just want you to know I was not trying to come down on you, I don't think you took it that way ; ) I just wanted to offer a diff. opinion

No harm done, its just a matter of opinion.:wavey: