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Post by Sasquatch on Jan 17, 2009 16:46:21 GMT -5
Boy am I sick & tired of the "together we can rebuild America" and "restore the American Dream" B.S. Yes, there is a financial crisis, yes there has been some job loss, but most people are still working. We have not been bombed to rubble in a war. A giant Tsunami has not wiped out the coast. Enough of the post Apocalyptic talk! We need to realize how good we have it.
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Post by Decatur on Jan 17, 2009 17:03:25 GMT -5
We don't all have it that good. Granted, it could be worse, leprosy, cancer etc, but I am currently employment challenged, so it's not good. I will probably lose my house and move back home for a while.
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Post by indybassin on Jan 17, 2009 22:57:33 GMT -5
We're downgrading and moving into a townhome, got talked into an ARM deal and now the house payments are $450 a month more than when we started. Oh well, we'll suck it up and drive on. It's tough all over.
They song they are singing about "restore the dream" and all that crap is mostly based on groups wanting the US to become another nation under their new global world order. The UN will become a dominate force in the US under Obama and the only ones who will appose it will be the descendants of the Revolution who still believe in the country our founding fathers designed.
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Post by Old Ironsights on Jan 17, 2009 23:08:11 GMT -5
... We need to realize how good we have it. Yeah. It won't REALLY get bad until after The One gets sworn in and his goons begin implementing his agenda of the Chicagoification of America . |
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Post by duff on Jan 18, 2009 7:33:28 GMT -5
Funny how a post of getting tired of doom and gloom forcasting gets more of it!
I agree, it ain't all bad. There are jobs out there some you might have to move away from home for or work on the road. Some big paying jobs with contractors in areas such as Dubai right now. Definately not for me but would be a good place to escape and make fat cash if you had that freedom/ability/desire.
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Post by drs on Jan 18, 2009 8:50:43 GMT -5
The fact remains that the economy of our country is in shambles, and will get worse before it gets any better (?) and you can't "Sugar Coat" it. Have you Guys looked at your 401K's and IRA's lately?
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Post by beehunter on Jan 18, 2009 8:59:41 GMT -5
Obama wants to change the constitution last I heard, this guy is scary if you ask me.
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Post by swilk on Jan 18, 2009 9:09:32 GMT -5
Have you Guys looked at your 401K's and IRA's lately? I refuse to look. Last time I did I about cried. My wife and I are lucky .... we are in our early-mid 30's and retirement is not even a blip on the radar yet. We have time to make up our losses. I truly feel sorry for those nearing retirement age who may have to extended their working years to make up what is gone .... |
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Post by Sasquatch on Jan 18, 2009 9:37:20 GMT -5
There is a good chance some or all of the money gone from 401ks can return. A lot of stocks lost value because of panic selling, not neccesarily because the companies are in serious trouble. Many will likely rebound quickly when things ease up--- IF their owners didn't wig out and sell them because they lost value. Then, the losses are final. This is a good buying oppurtunity for the young, but it does suck for people in or near retirement.
What I'm tired of is the "Hope" and "Dream" Baloney, as if we live in Somalia or something.
The economy sucks, tis true, but we are no where near the Great Depression.
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Post by drs on Jan 18, 2009 9:54:35 GMT -5
The economy sucks, tis true, but we are no where near the Great Depression. True, the economy sucks but we're not all that far from a worldwide depression; that is if things remain the same and the Government throws good money after bad in these "bailouts" |
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Post by duff on Jan 18, 2009 13:23:20 GMT -5
I'm the same boat as swilk, I look at the current situation as a GREAT time to be buying. And a terrible time to be selling. I did look at my 401K and it was down roughly 40% but I am not concerned that is money I am not using or planning on using until I retire in another 30+ years and as long as there is a stock market it will be back.
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Post by Old Ironsights on Jan 18, 2009 14:13:10 GMT -5
The economy doesn't matter to me at all.
That's simple cyclical.
Its te Authoritarian Chicagoland Socialsim that I'm worried about.
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Post by indianahick on Jan 18, 2009 16:03:45 GMT -5
Lots of us don't have 30 or 40 years to wait for recovery. More than likely we will be dead in another 10 to 15. And once you are past 50 the job market drops considerably. When past 60 look out. Wal-mart greeter or fast food server is about all that is left, heck they don't even want you for a security guard anymore now.
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Post by 76chevy on Jan 18, 2009 16:15:52 GMT -5
so true about the panic selling, I am going to post an article I read recently related to this.... some sage advice "Be fearful when others are greedy, and be greedy when others are fearful." -- Warren Buffet There is a good chance some or all of the money gone from 401ks can return. A lot of stocks lost value because of panic selling, not neccesarily because the companies are in serious trouble. Many will likely rebound quickly when things ease up--- IF their owners didn't wig out and sell them because they lost value. Then, the losses are final. This is a good buying oppurtunity for the young, but it does suck for people in or near retirement. |
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Post by oneshot on Jan 18, 2009 17:04:51 GMT -5
We had it good.
Tuesday is the time to panic.
The media is "gushing and slobbering" all over "the chosen one".
My guess the mainstream media [except FOX] will tank big time during the next 4 years and FOX ratings will continue to climb.
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Post by trapperdave on Jan 18, 2009 20:26:05 GMT -5
Aint too good here. Cant get a 40 hr week , lucky to get 32 it looks like for the immediate future. Took a 10% loss on income last year.....it was way better than this year is looking  Glad to hear its good in your neck of the woods, hope it stays that way and things turn around soon for the rest of us. |
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Post by TagTeamHunter on Jan 18, 2009 21:14:03 GMT -5
The fact remains that the economy of our country is in shambles, and will get worse before it gets any better (?) and you can't "Sugar Coat" it. Have you Guys looked at your 401K's and IRA's lately? Ah wife hides it. Seriously! Looked at the first one and threw a fit. Long term investments so I should be able to ride it out. I stopped watching the News for awhile now: Market is up, Market is down, another Bail Out, etc, etc. |
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Post by raporter on Jan 18, 2009 21:20:02 GMT -5
If you watch the markets every day you will go nuts....Oh so that's what is wrong with me.  |
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Post by Woody Williams on Jan 18, 2009 21:24:12 GMT -5
I lost 10% of my 401K last year.
I know that was not as bad as some, but a major portion (about 75%) of my 401K is in a fairly safe place with a "fixed income fund".
The rest is in moderate risk (mutual funds)and that is where I lost the money.. that is where I will also gain the most money if and when this turns around. The fixed income is a hedge this late in the game for me
When I retired I moved most of my money into the fixed income as I could nto afford to lose 35 to 40% of the entire amount.
For you folks that are young - you are now buying at the lower rates and someday it will bounce back. How long that .. no one knows. One thing for certain.. you haven't lost anything until you cash out. Until then it is all just numbers on paper.
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Post by danf on Jan 18, 2009 21:58:52 GMT -5
One thing for certain.. you haven't lost anything until you cash out. Until then it is all just numbers on paper. I just hope I have a chance to cash out at some point.  |
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