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Obama says buying stocks now is a good idea! Obama says buying stocks now is a good idea!
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Old 03-05-2009, 12:58 PM   #51
Penthouse Tony
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Actually Sagi you are BELOW Novembers bottom, I cant believe you dont see the complete wealth destruction across all indexes. Look at a comparison chart betwenn the S&P and Wilshire. This is carnage and it isnt stopping, sure you may have a couple small rallys but the overall trend is absolutely sickening.
Why would you compare the S&P to the Wilshire? The S&P is included in the Wilshire. And yes we are below November a little. But all the panic and media coverage from the past month would lead you to believe shit was way worse.
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Old 03-05-2009, 01:06 PM   #52
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Obama should send everyone bailout money to buy stocks with.
Give every American a $10,000 investment account to buy stocks with. We can buy, sell, short, etc... but can not cash out for at least 10-15 years. That would make things interesting...
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Old 03-05-2009, 01:12 PM   #53
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Why would you compare the S&P to the Wilshire? The S&P is included in the Wilshire. And yes we are below November a little. But all the panic and media coverage from the past month would lead you to believe shit was way worse.
Use any index, combined or not, it doesnt matter across the board they are the same basic trend.
This isnt media hype this is REAL wealth destruction. People across America(not just Wall street) have lost so much money most will never trust that system again, or at least for a long time. Most of the companies you invest in now for the long term will not even be around in their current form in 10 years and if you are selling short you better be on your toes.
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Old 03-05-2009, 01:14 PM   #54
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now is the time to buy real estate, stocks, etc. long term ... why would you think it wouldn't be?
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Old 03-05-2009, 01:15 PM   #55
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The point is a President making a blanket statement that now is a good time to buy stocks when he knows damn well they will lose money is completely irresponsible and borderline criminal. I understand you dont want him talking about how bad it is, but dont give bad advice. The President of the United States isnt some TV analyst, his words are completely parsed and taken literally.

Welll I agree with you there is was a poorly thought out blanket statment especially to those who don't invest or even have the money to invest.
We had a bozo minister in Ontario a few years back say on the news that poor people on welfare should buy canned tuna fish cuz it's always on special VS offereing job or education strategies.
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Old 03-05-2009, 03:05 PM   #56
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Originally Posted by Splum View Post
Use any index, combined or not, it doesnt matter across the board they are the same basic trend.
This isnt media hype this is REAL wealth destruction. People across America(not just Wall street) have lost so much money most will never trust that system again, or at least for a long time. Most of the companies you invest in now for the long term will not even be around in their current form in 10 years and if you are selling short you better be on your toes.
Right and people won't ever run huge debt on their credit cards or buy more house then they can afford. Everyone learned their lessons.
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Old 03-05-2009, 03:17 PM   #57
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Right and people won't ever run huge debt on their credit cards or buy more house then they can afford. Everyone learned their lessons.
I only wish this were true, unfortunately what will happen is people will turn towards more socialism. You have several generations of fat lazy selfish ignorant Americans playing victim and wanting everything handed to them now. Obama will give it to them, or what he can.
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Old 03-05-2009, 03:36 PM   #58
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