SC Devs Fan Posted November 6, 2008 Share Posted November 6, 2008 I am so freaking tired of looking at the market and reading "worries about a possible recession are weighing on the market". What freaking difference does it make - the economy sucks, if we wait and declare a recession is it going to make anything better? Does anyone think the economy is going to get better in the next year? I sure as hell don't. No matter what you call it there is nothing on the horizon that gives you hope as an investor. Link to comment Share on other sites More sharing options...
RowdyFan42 Posted November 6, 2008 Share Posted November 6, 2008 Yeah, I'm tired of hearing it might be a recession too. It IS a recession, anyone who doubts it needs to open their eyes. Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 And the soon to be imposed tax hikes on all of us is going to further sink the economy. Link to comment Share on other sites More sharing options...
eaglejelly Posted November 6, 2008 Share Posted November 6, 2008 And the soon to be imposed tax hikes on all of us is going to further sink the economy. You can thank Mr. Bush for that Link to comment Share on other sites More sharing options...
oofrostonoo Posted November 6, 2008 Share Posted November 6, 2008 A recession is a technical term for 2 quarters of negative growth in the GDP. Tax hike for some, tax cut for others...If we want to spend we have to tax. Bush gave low taxes and basically took and AMEX black card and went nuts with no intention of paying for anything. Maybe people would take republicans small gov. ideal seriously if they didn't increase spending/gov and decrease taxes. Link to comment Share on other sites More sharing options...
SC Devs Fan Posted November 6, 2008 Author Share Posted November 6, 2008 (edited) You can thank Mr. Bush for that We've placed blame on Bush, Clinton, Dems controlling the house - I don't give a crap. There is enough blame for this to be spread thick on both parties. I hope they get their heads out of their arses and work together to solve this instead of spending time trying to figure out who is best to blame. They are ALL to blame. Edited November 6, 2008 by SC Devs Fan Link to comment Share on other sites More sharing options...
Pepperkorn Posted November 6, 2008 Share Posted November 6, 2008 A recession is a technical term for 2 quarters of negative growth in the GDP.Tax hike for some, tax cut for others...If we want to spend we have to tax. Bush gave low taxes and basically took and AMEX black card and went nuts with no intention of paying for anything. Maybe people would take republicans small gov. ideal seriously if they didn't increase spending/gov and decrease taxes. This is so stupid --- it's Congress's job to take the card away. You made all that up -- you have zero idea what your talking about - you're quoting some talking head - or a conglomerate of several -- that are just spouting bullsh!t, If you voted for change can you please start the ball rolling with yourself? Stop watching talk TV - stop quoting Comedy Central mock newscasts - become informed - It's HARD and it's BORING AS ALL HELL. But you'll know you're right and you'll know what your government and country stand for - not what some marketing specialist blitzed on you. OK? Start now. Link to comment Share on other sites More sharing options...
eaglejelly Posted November 6, 2008 Share Posted November 6, 2008 I hope they get their heads out of their arses and work together to solve this amen Link to comment Share on other sites More sharing options...
Pepperkorn Posted November 6, 2008 Share Posted November 6, 2008 (edited) they won't... they aren't smart enough. Anyone smart enough stays so far away from politics... BUT -- things will work out - time alone does that pretty much -- given circumstances. The smart people find a way to manipulate politicians when it gets bad enough. At least that's always my hope. Edited November 6, 2008 by Pepperkorn Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 You can thank Mr. Bush for that For Barry, Harry, and Nancy getting ready to tax us all into oblivion? Link to comment Share on other sites More sharing options...
eaglejelly Posted November 6, 2008 Share Posted November 6, 2008 For Barry, Harry, and Nancy getting ready to tax us all into oblivion? For leaving the country in the financial mess it is in. Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 For leaving the country in the financial mess it is in. That would be a combiation of factors. Including the contribution of the three I mentioned and Barney "Fill me wth a" Frank. Take your blinders off. Link to comment Share on other sites More sharing options...
LizDevil30 Posted November 6, 2008 Share Posted November 6, 2008 The sun will come up tomorrow, kids. That's all that really matters. We've been in recessions before. We've pulled out of them. The sky ain't falling. Link to comment Share on other sites More sharing options...
mrthemike Posted November 6, 2008 Share Posted November 6, 2008 The sun will come up tomorrow, kids. That's all that really matters. We've been in recessions before. We've pulled out of them. The sky ain't falling. Unless of course you were ready to retire and your 401k is now worth nothing. Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 Unless of course you were ready to retire and your 401k is now worth nothing. Wait till the inevitable tax bill comes with this liberal gov't. You ain't seen nothing yet. Link to comment Share on other sites More sharing options...
mrthemike Posted November 6, 2008 Share Posted November 6, 2008 Wait till the inevitable tax bill comes with this liberal gov't.You ain't seen nothing yet. Depends on your 401k. Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 Depends on your 401k. Your taxes going up depends on your 401? Probably right..............if you have one, prepare to donate a sizeable portion to the gov't dependents without one. Good point that I missed, thanks. Link to comment Share on other sites More sharing options...
devilsadvoc8 Posted November 6, 2008 Share Posted November 6, 2008 Unless of course you were ready to retire and your 401k is now worth nothing. Number 1: Anyone who is on the cusp of retirement whose retirement funds were held in the stock market to any major degree was simply a dumbass. Rule of thumb for investments: 7-10 years should be your holding period for stocks. You need to stay the course for that time frame in order to reap the benefit of the increased risk. Number 2: Stocks are not worth nothing (unless you had everything in companies that went bankrupt). It is a paper loss that will be recovered if you heed the rule of thumb mentioned above. Link to comment Share on other sites More sharing options...
mrthemike Posted November 6, 2008 Share Posted November 6, 2008 Your taxes going up depends on your 401?Probably right..............if you have one, prepare to donate a sizeable portion to the gov't dependents without one. Good point that I missed, thanks. No...Roth, pre-tax, after-tax. Link to comment Share on other sites More sharing options...
RowdyFan42 Posted November 6, 2008 Share Posted November 6, 2008 A question for the "Waaaaah!!! My taxes are gonna go up!!!" babies that I know won't be answered because you don't have the balls to admit the truth: Where will the money come from to pay for George and Dick's Excellent Iraq Adventure? Where will the money come from to pay for Bush's grand scheme to save Wall Street from its own stupidity? Where will the money come from to pay off the interest on the ever-mounting national debt, not to mention the debt itself? Until you can honestly and thoughtfully answer that question, you have no business bitching about taxes. Link to comment Share on other sites More sharing options...
Jimmy Leeds Posted November 6, 2008 Share Posted November 6, 2008 It's coming from you and I. Obama lied. Link to comment Share on other sites More sharing options...
SC Devs Fan Posted November 6, 2008 Author Share Posted November 6, 2008 Number 2: Stocks are not worth nothing (unless you had everything in companies that went bankrupt). It is a paper loss that will be recovered if you heed the rule of thumb mentioned above. You sound like my broker Stocks going up... great time to buy Stocks going down... great buying opportunity My stocks have fallen.... its just a paper loss until you sell My stocks have risen... boy I'm doing a great job No matter what the economy, no matter what the market does, no matter if the sun rises tomorrow... financial advisors are car salesmen on a much nice lot with better suits trying to sell you something. Link to comment Share on other sites More sharing options...
mrthemike Posted November 6, 2008 Share Posted November 6, 2008 You sound like my brokerStocks going up... great time to buy Stocks going down... great buying opportunity My stocks have fallen.... its just a paper loss until you sell My stocks have risen... boy I'm doing a great job No matter what the economy, no matter what the market does, no matter if the sun rises tomorrow... financial advisors are car salesmen on a much nice lot with better suits trying to sell you something. Just buy BRK.B and let it sit for 20 years. Link to comment Share on other sites More sharing options...
RowdyFan42 Posted November 6, 2008 Share Posted November 6, 2008 It's coming from you and I.Obama lied. Let me rephrase: Where would the money come from if these tax hikes don't happen? It has to come from somewhere. Link to comment Share on other sites More sharing options...
LizDevil30 Posted November 6, 2008 Share Posted November 6, 2008 Unless of course you were ready to retire and your 401k is now worth nothing. We still can't afford a retirement fund. All we have is SS. And we've owned our business since Clinton. Times are never easy for the middle class. Link to comment Share on other sites More sharing options...
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