Quote:
Originally Posted by BlackCrayon
fuck the stock market. i never understood why people are allowed to gamble on peoples livelyhoods like that. when its good, its only good for them. when its bad everyone suffers.
|
The stock market is only reflecting the housing and credit market. Who's gambling on whos livelihood? If people want to invest, whether they do it themselves or hire someone, should know the risks involved. Nothings guaranteed. We aren't in this situation because of the stock market, this is because of people living beyond their needs.
In fact, I hope we do see a major flush with the indexes more. I thought we were going to witness it today since the markets had to shut down over night from too much of a drop. Maybe we'll see it at the end of the day, hopefully. We need to see capitulation, and soon. Hopefully this thing will throw up so we can finally get back to normal trading. Couldn't be happier to sit here and witness history being made though, pretty cool.