Yeah, privatization of Social Security is a SUPER idea.... (not really a side note when you think of it) Time to really watch my 401K.....
PA Native is right. The market is freaking out, swinging widely high and low, because they're waiting to see what happens with the loan market. It could easily go up 500 points tomorrow, down another 500 on Monday.
Longer-term I'm still betting on trouble. No one really knows for sure how bad the housing thing really is. The loans are not worthless, they're just overvalued. How much? You're a millionaire if you know for sure.
Smart investors don't watch the stock market.
If I want a stock report, I turn to the Wall Street Journal. If I want an retelling of a telling about an epic wipe resulting from a pinched poo, I turn to The Stranger.
Fortune shines on me... Savage gives me both in one easy to find location.
buying on volitility with a downward slant isnt exactly the best idea if you don't know what you're doing, which i can assure you, you don't.
This is a direct consequence of the fed keeping interest rates artificially low in an effort to buoy the national economy after 911. Despite productivity gains as the workforce was downsized due to technological improvements, the housing market's effect on durable goods and labor demand was really one of the only reasons the economy didn't tank completely. I would expect a deflation of up to 20% in non coastal, non destination cities and a decrease in the rate of appreciation in places like Seattle during the next six years. Inflation and wage stagnation are next up.
The Dow Jones Industrial Average only follows 30 of the most widely held stocks, and it's only down 2.83%.
People, please find your cojones.
@ 7, you're right. The S&P 500, which follows 500 large cap stocks, is down 2.96%. That's soooo much better, isn't it?
Big deal. The Dow's race to 14,000 was artificially speedy.
Relax people, the stock market is just having a sale. Everything up to 40% off. AND if you apply for a Dow Jones credit card you get an additional 15% off.
And you can bet it's a white sale...
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