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DOW DOWN 512.Points..............Aint that a head shot!

BearBear Posts: 18,953 ✭✭✭
in Precious Metals
Bummer for 401Ks. To think that the shrub wanted to invest Soc Sec into the market

for the betterment of the American Citizens. It makes one wonder what the people we elect in

both parties are thinking.
There once was a place called
Camelotimage

Comments

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    that sucks for those that own "DOW" and have to sell today, i guess

    Liberty: Parent of Science & Industry

  • greghansengreghansen Posts: 4,301 ✭✭✭
    Nice butt whipping today. Wish I could say I hadn't had worse...but I have.image

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • vannvann Posts: 318


    << <i>Bummer for 401Ks. To think that the shrub wanted to invest Soc Sec into the market

    for the betterment of the American Citizens. It makes one wonder what the people we elect in

    both parties are thinking. >>


    Wall St is out of scams. The SS trust fund would just be another 3 trillion transfer wealth to themselves and allow the Ponzi scheme to keep going.
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    I was barely in the stock market but took only a 1K hit since Monday. I am out of it completely now.
    Montana State Quarter Die Clash

    Box of 20
  • fishcookerfishcooker Posts: 3,446 ✭✭
    The market just had a huge rally on government money. Why would SS money be any different?
  • BearBear Posts: 18,953 ✭✭✭
    I have only one share of Disney stock. That is it, all of it.

    No stock, no bonds, sold my gun collection, well, I gave a few

    to my son.
    There once was a place called
    Camelotimage
  • SpoolySpooly Posts: 2,108 ✭✭✭
    "sold my gun collection"......... dang it... the phrase makes Texans go...blindd..d...swuisud78wyudh5s..;. kaC...sSP
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    I'll be a pretty strong buyer of particular stocks for the next couple of weeks, or as long as the market stays down. This brought back some pretty decent opportunities for long term investors.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • vannvann Posts: 318


    << <i>"sold my gun collection"......... dang it... the phase makes Texans go...blindd..d...swuisud78wyudh5s..;. kaC...sSP >>


    Guns or Gold image
  • BearBear Posts: 18,953 ✭✭✭
    I am forced by events, to live ,with Mrs Bear, in a retirement complex.

    A very fancy one with RN and medical techs on hand, but they do

    not allow firearms of any kind on the premises. Fire water is OK though,

    and I still get to shoot my mouth off.
    There once was a place called
    Camelotimage
  • CoupdescroungeCoupdescrounge Posts: 173 ✭✭
    Yes Bush wanted to privatize, but I'm sure a government securities option would have been available.

    If one had invested in them, a day like today would have meant little. When we move on to the beyond, that money would have went by laws of inheritance.

    As it stands now, they will eventually make it to where a person pays in but is unlikely to collect due to agedness. When we pass, that money is gone. Sounds like your drinking more obama kool aid than firewater.
  • dbcoindbcoin Posts: 2,200 ✭✭
    reading threads like this makes me want to sell all my tangibles and go heavily into stocks
  • dbcoindbcoin Posts: 2,200 ✭✭
    btw - yesterday was NOTHING percentage wise. I remember 1987. THAT was scary
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>btw - yesterday was NOTHING percentage wise. I remember 1987. THAT was scary >>



    An equivalent move to that 1987 drop today would be around 2,500 points. That would be scary.
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Yes Bush wanted to privatize, but I'm sure a government securities option would have been available.

    If one had invested in them, a day like today would have meant little. When we move on to the beyond, that money would have went by laws of inheritance.

    As it stands now, they will eventually make it to where a person pays in but is unlikely to collect due to agedness. When we pass, that money is gone. Sounds like your drinking more obama kool aid than firewater. >>



    Even if SS was fully solvent [that is there were no IOUs], how could they intelligently invest even half of their assets in the market? You have Apple sitting there with $80 some billion in cash that there are no good investments for or they have not a clue about what to do with it. One danger of that whole idea is that with the huge amount of dollars they would have available, SS/the Guv would be in a position to buy up controlling interest in any number of companies if they wanted to. How many would be in favor of that?
    theknowitalltroll;
  • BearBear Posts: 18,953 ✭✭✭
    So you say that it will become a Roach Motel. They can get in,

    but they can't get out.
    There once was a place called
    Camelotimage
  • SpoolySpooly Posts: 2,108 ✭✭✭
    Took 12 hours for vision to clear up.... (frown)............ (evil smirk)

    All retirement accounts should be private. Then you don't have to worry about "public" money going in the markets. SS has turned out to be the worst "investment" on the planet.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Took 12 hours for vision to clear up.... (frown)............ (evil smirk)

    All retirement accounts should be private. Then you don't have to worry about "public" money going in the markets. SS has turned out to be the worst "investment" on the planet. >>



    Not sure I'd agree that SS money is necessarily public. It might be controlled/administered by a public entity, but I don't believe it is public money, esp. since the public doesn't put a dime into it.
    theknowitalltroll;
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "SS has turned out to be the worst "investment" on the planet."

    Any chance of getting our "contributions" back?
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭


    << <i>Bummer for 401Ks. To think that the shrub wanted to invest Soc Sec into the market

    for the betterment of the American Citizens. It makes one wonder what the people we elect in

    both parties are thinking. >>



    I see alot from the 401 K's are putting thier money on the side lines for now. Protect whats left I guess
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