The stock market looks bad.

[I have WHAT in my yard?]

Actually, I know alot of people here don't like it but it is possible some of the plan could work. Problem is people will want it to "work" as in keep everything the same as it "was" by next week if not sooner.

But, the rest of it will happen anyway. All the plan can do is possibly ameliorate some of it so the ride down is slower. Could the plan make it worse? Yes, but no. Some people believe that pumping more money into the system is going to cause hyperinflation, but if you look at national debt compared to GDP historically the ratio has been worse. The numbers are much bigger now, but the ratio has been worse. Government spending has done the trick before.

Since, for the moment, international governments are cooperating in trying to keep the dollar afloat (it is in their best interest) they may be able to bluff their way out of some of this.

My fear is that they will manage to do so and only delay the inevitable. Every year they delay it makes the eventual destruction worse.

 

[HeartLunger]

Socialism has never worked. The fear of socialism, or nationalism is what keeps dropping the stock market now.

 

[HarlansHollowFarms]

Quote:
I really don't think anyone is suggesting socialism here, and I really don't believe that the stock market is falling in fear of it. I think at this point investors and evryone else is waiting to see what happens and there is certainly a liitle fear that any stimulis will fail.
Personally I think Americans are to opinionated to allow socialism to take over...and that is a good thing.

 

[horsejody]

Quote:
I really don't think anyone is suggesting socialism here, and I really don't believe that the stock market is falling in fear of it. I think at this point investors and evryone else is waiting to see what happens and there is certainly a liitle fear that any stimulis will fail.
Personally I think Americans are to opinionated to allow socialism to take over...and that is a good thing.

I am a stock broker. Trust me, fear of socialism is a big part of why the market is falling. It's not the only part, but it is a big part.

 

[HarlansHollowFarms]

Quote:
I really don't think anyone is suggesting socialism here, and I really don't believe that the stock market is falling in fear of it. I think at this point investors and evryone else is waiting to see what happens and there is certainly a liitle fear that any stimulis will fail.
Personally I think Americans are to opinionated to allow socialism to take over...and that is a good thing.

I am a stock broker. Trust me, fear of socialism is a big part of why the market is falling. It's not the only part, but it is a big part.

Why? Please explain.

 

[horsejody]

Capitalism works with the theory that if you are industrious and work hard you will be successful. If you have a product or a service that the people want, you will make money. If a successful company wants to make more money, they make more products, develop new ideas, etc. In socialism, everybody shares in the wealth. Everytime there is a tax increase or entitlements or bailouts, we are one step further into socialism. Businesses do not thrive in socialism. Socialism discourages personal responsibility. Socialism does not reward hard work or ingenuity. Socialism penalizes private companies that strive to sell more or be profitable because the government takes more and more in taxes. I talk to businesses and investors everyday. Their biggest fear is that businesses will be nationalized, and we all know that government can't manage business. A lot of people feel that they should sell to at least get something from their investments. The more people that sell, the weaker the markets get. Personally, I am hoping that the market goes back up. I have held onto some stock.

Sooner or later, people have to be accountable for their own bad decisions. We all make mistakes, but too many people are living in this country as parasites. It is sucking the life blood out of the country.

 

[Guinea Goonie]

I have WHAT in my yard? :

http://www.chrismartenson.com/crashcourse
All together it is long, but it is in bite size chunks and well worth the time.

I am on chapter 15 and now I understand what I daddy was a talking about.

I simply followed his advise and now I know why.

Seems to be NO way out of this mess, but lets go on to the next chapter.​

 

[HeartLunger]

Quote:
I really don't think anyone is suggesting socialism here, and I really don't believe that the stock market is falling in fear of it. I think at this point investors and evryone else is waiting to see what happens and there is certainly a liitle fear that any stimulis will fail.
Personally I think Americans are to opinionated to allow socialism to take over...and that is a good thing.

Opinions have nothing to do with the allowance of socialism. The chance of socialism taking over would be more to do with the idleness of Americans, which unfortunately is plaguing our freedoms.

Every time there is talk of socialist ideas(40% stake in Citi Bank, nationalizing health care, stimulus package, etc.) the stock market plummets. Pay attention to the correlations and stop watching the main stream media put their spin on what going on and you'll see it is true.

 

[HeartLunger]

Quote:
I am a stock broker. Trust me, fear of socialism is a big part of why the market is falling. It's not the only part, but it is a big part.

Why? Please explain.

Would you want to invest in a government controlled economy?

 

[HarlansHollowFarms]

Quote:
I know the difference between capitalism and socialism, but I really do not see our government nationalizing all businesses.
I think people need to be personally responsible for their actions, however, at this point in the national crisis we can not let everyone go under, that is not in the best interest of the county. We need solutions that will make those who have been unwise in their descisions have to make restitution on the monies they recieve during this bailout. That does not spell socialism. We can not let millions of people wonder around with no means of living if we are ever going to prosper again.
Of course I would like to see the market rebound, I have children and grandchildren and I would like for them to enjoy a healthy economy so when they get out of college they can make their dreams happen. Hopefully they will heed my advice to them, which is spend wisely and live within your means, and save diligently, but also have fun and help others who are less fortunate. and by that I do not mean free handouts.
Our government has dictated how businesses run for sometime now..example..no smoking laws...should businesses be allowed to choose..yes, should patrons be allowed to chose...yes, should employees be allowed to chose...yes, but now our government choses for us. We allow government to run our businesses now so long as we are in agreement of what they do...I do not agree with this double standard, and I do not call it socialism.
Can any of us really survive if we allow our country to totally collapse, I do not think so. If that happens, it will not make a difference whether you one of the ones who lived within their means or not...this will effect all of us.
If we don't help, what do you foresee happening?