brown bomber
brown bomber
Just wondering are you gonna dump your investments,..considering the latest stock market drop ??
Hey kids
- Thread starter brown bomber
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Insaneasylum
Well-Known Member
Sure is dam scary.
AKCoverMan
Well-Known Member
Unless your retiring this week the market dip simply means your 401k contributions are buying shares at a lower price so your getting more for your money.
Insaneasylum
Well-Known Member
But if you lose 30% of 100k then make back 30% your still down 10k or so
brown bomber
brown bomber
I bought the VIX,....made a few bucks
brown bomber
brown bomber
took a few bucks off of the table,..it was all profit, gonna wait a week or so. I've got some cash ready to invest...I think that Greece, is the first to fall....after that Portugal, Spain , and Italy
Wally
BrownCafe Innovator & King of Puns
Puerto Rico is in big trouble too. What were they spending on? 72 Billion in debt, half of that unfunded pension liabilities. They spent too much, and rather than cut back or raise taxes, they choose to borrow. Sounds like us today.
Too bad politicians here aren't even talking about debt. How long before we are Greece?
Too bad politicians here aren't even talking about debt. How long before we are Greece?
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Brownslave688
You want a toe? I can get you a toe.
We are overdue for a correction in the market. This is why the market has crazy fluctuations now. You're average person wasn't in the stock market 30 years ago. Now every Tom dick and Harry owns stocks and freaks out at every little thing.
If you can't take the heat just buy a CD at your local bank.
If you can't take the heat just buy a CD at your local bank.
joeboodog
good people drink good beer
It's more important to ban the Confederate flag and celebrate the rainbow flag.
Wally
BrownCafe Innovator & King of Puns
NJ is heading down this path too. Total Democrat control for years, wild spending and borrowing for decades, and everyone blames the Governor for our pension mess that started 20 years ago. Nothing was said for the first 15 years of this mess.
Brownslave688
You want a toe? I can get you a toe.
We'd be talking about another recession. Give me a 50% drop. I'd love to buy at those levels again.
oldngray
nowhere special
The market will take a hit because of Greece but it is better to have a correction now so the market can recover. Greece economy isn't that big but the world views it as much more important than it really should be. It would only get worse if Europe kept pouring down than endless money pit. Greece has the ultimate socialist mentality that the world is supposed to pay their bills and has made no effort to control their spending.
Brownslave688
You want a toe? I can get you a toe.
Illinois is a complete disaster. Pensions are just like SS they don't seem to work out too well.
Browndriver5
Well-Known Member
Brownslave688
You want a toe? I can get you a toe.
Some of these euro countries are just insane. Spain's unemployment rate isn't that far under 50%
joeboodog
good people drink good beer
Why work when you have all your needs taken care of?
Brownslave688
You want a toe? I can get you a toe.
I just hope many people are looking at this seeing what happens 50 years down the road if we keep this up.
oldngray
nowhere special
Most of southern Europe is in similar shape. Italy is also in trouble. They are supported by northern Europe economies.
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