Stock Market crash 777 points
09-29-2008, 02:20 PM
#16
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Little bit maybe?
Looking at trading overseas in asia, they are not doing so hot cause of what happened here and i'm sure Europe will follow that and so will we.
I don't really see this going too well. Enough people are vocal right now about not bailing out poorly run companies, and the reps are listening (for once)...
Looking at trading overseas in asia, they are not doing so hot cause of what happened here and i'm sure Europe will follow that and so will we.
I don't really see this going too well. Enough people are vocal right now about not bailing out poorly run companies, and the reps are listening (for once)...
09-29-2008, 02:38 PM
#21
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Yeah, quite a few people still trust gold. It's something people tend to fall back on, especially in rough times, even though it fluctuates a lot too. I suppose it provides a sense of security when everything else in life seems so uncertain, or even scary.
09-29-2008, 02:46 PM
#24
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Time to apply the good ol' mentality of...Ignorance Is Bliss!!!
Unfortunately, the thought has crossed my mind because of how everything messed up has been lately...I just cannot deal with all the stupidity that seems to be prevalent right now.
Friends of my family are going through a foreclosure (and possible bankruptcy) right now back in Chicago because they made bad financial decisions...biggest one buying a $1 Mil house on 0%, 100 year mortgage, with pretty much no money down...and now finding themselves unable to refinance or pay for any of their stuff. The kicker is that they REFUSE to admit personal responsibility!!! They are acting like the are VICTIMS and getting SCREWED by the system and/or market!!! I tried sorting them out on a phone because they called me for financial advice (I am a CPA and do financial consulting), but instead of listening to me they yelled about me to my family saying I was rude and inconsiderate (because I did not agree with their choices). The economy is the way it is partly because of morons like that!
End Rant
EDIT: Fixed some poor language choices
Unfortunately, the thought has crossed my mind because of how everything messed up has been lately...I just cannot deal with all the stupidity that seems to be prevalent right now.
Friends of my family are going through a foreclosure (and possible bankruptcy) right now back in Chicago because they made bad financial decisions...biggest one buying a $1 Mil house on 0%, 100 year mortgage, with pretty much no money down...and now finding themselves unable to refinance or pay for any of their stuff. The kicker is that they REFUSE to admit personal responsibility!!! They are acting like the are VICTIMS and getting SCREWED by the system and/or market!!! I tried sorting them out on a phone because they called me for financial advice (I am a CPA and do financial consulting), but instead of listening to me they yelled about me to my family saying I was rude and inconsiderate (because I did not agree with their choices). The economy is the way it is partly because of morons like that!
End Rant
EDIT: Fixed some poor language choices
Last edited by LxJLthr; 09-29-2008 at 02:54 PM.
I am sorry. Not doing it on purpose...just get riled up with all that's going on...that's why I said ignorance is may be bliss 
09-29-2008, 03:01 PM
#30
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I honestly wouldn't get worked up over this whole thing guys...same thing happened after 9/11 and we're still truckin'.
joltdudeuc: The reason gold and bullion will always been a viable source of capitol is because it has (since Sumeria and Babylon) been considered the 'standard' of currency; and as long as we don't find a 16 ton deposit of gold - will probably always be at least a measure of currency.
joltdudeuc: The reason gold and bullion will always been a viable source of capitol is because it has (since Sumeria and Babylon) been considered the 'standard' of currency; and as long as we don't find a 16 ton deposit of gold - will probably always be at least a measure of currency.