…. never allow him to play the balls of Iran, Syria, Cuba, Russia, Afghanistan, Venezuela, etc.

Geez…. we’ll never know what will become of us even by just one single mistake.

At least the stock market cratering is only costing us money and increased suffering, not death and physical destruction! This kind of leadership in foreign policy?!?! No, I don’t even want to think about it.

Yes, the Brits were offended, but being British, they’ve been keeping a stiff upper lip about it. And once we’ve got a real American for a President again we can apologize profusely and appropriately and maybe shore things up again. I mean, they got over that whole Revolution thing, surely we can overcome a dinner snub.

Obama on the other hand, is not even half of 100 days into his administration and the economy is already as bad as it was (relatively speaking) in the thrid or fourth year of Carter. Obama, with backing from Pelosi and Reed, has the potential to crater the economy even worse than the Great Depression, because none of them have any idea what reality is. I will grant that it is difficult to make Hoover look economically competent, but it looks like Obama is going to make a serious run at achieving that.

If you’re 16 years old, ten years isn’t that long. Most of us with money in the market aren’t.

(rant over) Thanks for your time.

Investing in securities is a long term deal.

By the way, the low was 577 in 1975. The year before Carter.

In Jan of 76, the dow was 975. In Jan of 77, the dow was 983. It went up Carters first full year.

When Reagan took over…

Jan 1980 the dow was 875 and it dipped to 785 by March of Reagan’s first term.

Jan 81 it was 965. It was 1286 at the start of his second term

“What happened 10 years after Carter?”

Ten years? TEN YEARS?

You know what Mr. Turkey Vulture did last year? Spent $3 billion of his investors’ money on GE. Part of this deal let him buy GE stock at $25 per share at any time in the next five years. You know what it closed at Friday? Go take a look and tell me how smart he is now.

“From the bottom of my soul, I reject any notion that the USA is damaged goods.”

Again, the economic policies coming out of this brain-dead administration reward sloth and incompetence. Until these policies are reversed, and it may take decades, the U.S. is damaged goods. Period. The world knows this. All we are for the next four years is one bigass sub-prime borrower.

“The mensa’s on Wall St, who got us in this mess…”

No. People who had no business being lent money got us into this mess. Social engineering through the banking system (“Everybody gets one before anybody has two!”) got us into this mess. Freddie and Fannie got us into this mess. Wall Street is IN the mess, but hardly sparked it. If everyone was paying their bills we would not be having this conversation.

Go right ahead and put all your money in the market. I’ll pass.

You just like to say “no” to be a contrarian on semantics when we actually agree.

feel better?

smile

Washington doesn’t create wealth.

By 95, it was at 6000

Far from it.

What I don’t agree is that Wall St is an accurate reflection of the future.

Historically, Wall St ALWAYS over estimates recessions. EVERY TIME. (and ALWAYS over estimates booms).

The worse the recession, the greater to over reaction. The better the opportunity to buy.

During FDR, people really, honestly believe the best days of America were in the past. A majority.

On the brink of our finest moment to that point, they thought we were over?

I’m sorry for being harsh. I love the fact that you want to see real change, not Obama kind of change, but for the kind of change that I know you want to see, the HOW is just as important as the WHAT. Sorry again if I’ve offended. That’s not my intent.

Fortunes will me made by people who bet on America these days.

Like the ones running AIG and Bear Stearns? Like the ones who willing paid $57 for Citi a little while ago?

If you believe Forest Gump – “Stupid is as Stupid does…” you would have to admit that these “professionals” are among the stupidest finacial minds in the history of mankind.

They have nice suits, fancy diplomas and the prettiest wives modern surgery can make, but they have acted like IDIOTS.

Seriously, paying attention to them is like looking to France for military strategy during WWII or asking the makers of the titanic for advice on rivets.

The market is having a tantrum. No other way of saying it.

In the “long run” we may not all be dead, but we may have suffered substantial pain.