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The Mind is a Terrible Thing to Waste.

by UncleRob from CT, NY, NJ and FL

Last Post 2 days Ago


How to stop the market slide!
Oct 10, 2008 | 5:23 PM
Category: News
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If everyone would just stop panicking and scrambling around like a bunch of ants whose home was just trod upon and hold on tight, the market will take care of itself -- it always does.

I'm no flag-waving jingoist, but the American capitalist system is the best and the strongest in the world. We just have to calm down and have some faith in our economy. You hear me Paulson and Bernanke?

We do however, need to address the issues of sub-prime mortgages and the slew of other greed- and stupidity-fueled decisions that our exaulted "leaders" of BOTH parties have made in the last ten years. We also need to address the balance of trade problem (China) and outsourcing of jobs.

I'm in the market and have lost over half my investments already (on paper). Any moves I make now will probably only lose me more money. If anything, I should be buying -- bargains like this will not occur for another fifteen years.

My broker says the DJIA will bottom out at 7200 -- one more bad week. We'll see.
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UncleRob

Computer Tech / Newspaperman / TV enthusiast / Curmudgeon

Member Since: 1/10/2007


 

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