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26 comments

Date Votes
  • Oren Rudder
    if everyone takes your advice it will.
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  • cheeze
    Thats not whats happening today. Banks and stocks are generally doing fine. It's the secondary mortgage market that is floundering. People need to relax, everything will be fine.
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  • Oren Rudder
    I'm worried about my greenbacks becomeing worth less or worthless.
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  • select-fire
    Don't worry to much,, the guvermet has you covered. If a default would happen in the banking system you are protected. They would just print more money.
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  • cheeze
    quote:Originally posted by Oren Rudder
    if everyone takes your advice it will.

    I agree with that. Jim Cramer needs to shut up! He's selling drama on the TV. He is to the money market what the Real World is to life.
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  • select-fire
    Cramer is not stupid, Stocks decrease is not tied directly to the Market drop. Market is down approx 1400 points from its high. Which would be 10% + or -. Some stocks are taking a beating way worse than that. I will give it about 2-3 more days and panic will set in.
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  • Rockatansky
    quote:Originally posted by cheeze
    Thats not whats happening today. Banks and stocks are generally doing fine. It's the secondary mortgage market that is floundering. People need to relax, everything will be fine.


    Agreed, but there's a lot more of what's going on. This is just one aspect of market condition, there're a lot more variables in play. I agree we're doing fine, and if nothing global happens, like Chinese will decide to dump their US bonds on the market, we have another few decades of decay to go through before the whole system falls apart. I saw an interesting website a while back which speculated about possible scenarios for the next 100 years or so, I'll try to dig it up.
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  • cheeze
    Enjoy your panic, I'll be drinking lemonade.
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  • 11BravoCrunchie
    I think it does need to happen again. The greatest generation of Americans was (is) the generation that grew up in the Great Depression of the 1930s, because they grew up knowing how to do without.
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  • select-fire
    quote:Originally posted by Zulu7
    I think it does need to happen again. The greatest generation of Americans was (is) the generation that grew up in the Great Depression of the 1930s, because they grew up knowing how to do without.

    That is an awful thing to say about the US economy. Myself will not be included if the market takes a fall.
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  • zipperzap
    First of all, the Stock Market is a terrible way to make (big) money. I was lucky -
    in early and got out at exactly the right time. I still own some Blue Chips BUT they
    are long term investiment.

    Land/and or realestate in S. California is where it's at - and will be where it's at for the foreseeable future. Wait another 6Mos./maybe a year (outside) and prices will be down
    even more. The value recoups quickly after a major deflation of the market - folks
    always need land.housing ... and they just don't make it any more ... especially in S. CA.

    Lived here 50 years and I have a lot of rich friends who owe their wealth to that simple
    tenant.

    Check the trends in S. CA for the past 50 years and show me where the value of land
    realestate has remained fixed ... even for a little while. The 'trick' is to buy within 10
    miles of the ocean .... it's as simple as that.
    [:D]
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  • cheeze
    quote:Originally posted by Zulu7
    I think it does need to happen again. The greatest generation of Americans was (is) the generation that grew up in the Great Depression of the 1930s, because they grew up knowing how to do without.

    Wow. I don't want to be rude but Jesus, thats a pretty ignorant statement.
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  • elkoholic
    Just checked...the sky is not falling.
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  • select-fire
    quote:Originally posted by elkoholic
    Just checked...the sky is not falling.


    Only a bad thunderstorm for the last two and a half weeks. Power will be back on in a day or so.
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  • sig232
    quote:Originally posted by Zulu7
    I think it does need to happen again. The greatest generation of Americans was (is) the generation that grew up in the Great Depression of the 1930s, because they grew up knowing how to do without.


    Actually that is a very true statemement! That is what made that generation so self sufficent and independent. Nowdays the government is the nanny and many are sucking off the hind teet! So in a panic they will not raise their own food and live without many of the essentials that they think they need today.

    I sure don't want the market to crash like it did in 1929 and I don't think there is much chance of that happening unless we got hit with a nuke!
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  • cheeze
    quote:Originally posted by sig232
    quote:Originally posted by Zulu7
    I think it does need to happen again. The greatest generation of Americans was (is) the generation that grew up in the Great Depression of the 1930s, because they grew up knowing how to do without.


    Actually that is a very true statemement! That is what made that generation so self sufficent and independent. Nowdays the government is the nanny and many are sucking off the hind teet! So in a panic they will not raise their own food and live without many of the essentials that they think they need today.

    I sure don't want the market to crash like it did in 1929 and I don't think there is much chance of that happening unless we got hit with a nuke!

    Right. And eating dog poop makes me thankful for broccoli. ;-)
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  • mateomasfeo
    I just closed on my mortgage.

    Talk about a mortgage catastrophe!!
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  • He Dog
    The average American investor buys high and sells low, a prescription for the rest of us to make a profit. If it falls, I will buy back in and ride it back up. again.
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  • dheffley
    Now is the time to pour all the greenbacks you can into the market, not out. I just rolled 160K from a fixed fund into the market yesterday.
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  • select-fire
    I located a retirement calculator.. Pretty interesting.


    http://www.money-zine.com/Calculators/Retirement-Calculators/Retirement-Withdrawal-Calculator/
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  • Old-Colts
    quote:Originally posted by zipperzap
    The 'trick' is to buy within 10 miles of the ocean .... it's as simple as that.
    [:D]
    Yep, actually closer, worked for us!!![8D]
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  • elkoholic
    quote:Originally posted by He Dog
    The average American investor buys high and sells low, a prescription for the rest of us to make a profit. If it falls, I will buy back in and ride it back up. again.


    Sad but I call that job security.
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  • matwor
    My stocks are in the toilet, losing around 3.5% as of late.[V][xx(][:(] But I'm young and I've got them in high risk, they'll bounce back.
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  • Horse Plains Drifter
    The whole shataree's gonna go cow bag one of these days. Gonna make 1929 look like a day in the park. Best be self sufficient and able to care for and provide for your family. Slickers are going to be sunk.
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  • jwb267
    keep your money in a mason jar! dont gamble
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  • Highball
    One sure thing about us doom and gloom types...we have ALWAYS been right, down thru history...[:D]
    EVERY culture has fallen...we might be wrong about the date...but not the inevitability of it.
    This is the first society that may have had a chance to reverse history.but we lost our way.
    We began to whorship those in power..we forgot that freedom does not entail bowing the knee to those in power..but giving them orders.
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