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Not quite yet.Definitely a good time to start.
Obama was president every one of those days too...it's a fact.
Not quite yet.
It still well in the positives since he took over. However, the Speaker can't say tht same.
yeah. I know. He was the one pushing for revenue increases.
This. Today's crash was only the tip of the iceberg, and a lot depends on how the government deals with this crash. If the government doesn't borrow money for a short term fix, this market could be in for a BIG crash that leads to a LONG recession.
They need the time to talk with their brokers.
I'd highly recommend moving your 401k into a money market. I luckily did it about 3 weeks ago when I had a feeling the market rose too fast in the past couple of months (I don't really follow the DOW as much as I do individual sectors) and volatility was going to completely take over. Not sure if everyone has that option, but I'm with Mercer and they do.
My buddy got burned today pretty bad when he put a buy stop order on a silver ETF. Silver's fall from about 11 am to 2 pm just looks plain scary on a 1 hour chart. Usually when the economy goes down people stock up on precious metals... but today everybody got out of everything.
The MM account will pretty much take your appreciation down to a trickle... but it's better than losing your ass.
Man that paragraph goes everywhere, but today was very exciting for market watchers.
True. But why is that? It's because the market simply would never have been this high in the first place without being propped up with all the previous "short term" fixes.
So now we're damned if we do, damned if we don't. There is no way to move forward without getting killed.
but make no mistake about it. No chance in they're letting the market fall like this for long. It's all going to come back up. No, we're gonna get hosed when our money becomes worthless. Best place to put your money is out of the dollar.
At least public employee pensions are safe. Must be nice.
I'm not so sure, tbh. Ultimately, whose fault is it?
Not only what our govt does but also what happens in europe, which is the main driver of todays crash. I have no clue what's going to happen but I'm not expecting anything good.
I put all my "gambling" money into gold (stocks not physical) a week ago. I think it's a pretty safe bet that it gets into the $2500 range in 2012.
Pretty much.
One thing the SEC should do again is indefinitely forbid short selling.
Whatever you look at, try to bottom fish of course.
He's got a point in that Barry is so much tilted to the right, that the GOP had to appeal to the teapotty extreme-right just to make him look like he's even leaning left.
And as long as the elite continue to sell us out, it will be difficult.
Lots of money is moved through that though. They're hard bets and a lot of money changing hands. I agree with you that from a predatory and pressure standpoint, it should be disallowed. I just don't see it realistically happening.
I still can't tell when you're wearing your "free the rich" suit or your "che guevara freedom fighter" rebellion suit.
Who's?
The politicians that agreed to the terms of such pension benefits?
Truth be told, a lot of those pension funds in a lot of states (like NJ) have been raided more than once...
I don't know about that.The world is on fire and the dollar is still the safest currency on the planet.
Investors were running to the dollar today...
http://latimesblogs.latimes.com/mone...sion-gold.html
Tbh I lost around $50 in the market today (in college so I don't have more invested) and at my work all part time employees (some full time even) starting next week are on indefinite leave because the place has so little business.
the economy
cool, I will go buy some puts.
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