Obama says buying stocks now is a good idea!

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  • Penthouse Tony
    Confirmed User
    • Apr 2004
    • 5835
    #51
    Originally posted by Splum
    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.
    aamos AT FFN dot com
    Penthouse.com Business Development
    ICQ: 49090846 | Yahoo IM: ff_aamos

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      • Ethersync
        Confirmed User
        • Mar 2008
        • 5289
        #52
        Originally posted by Mr Pheer
        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...
        The best ePassporte replacement I have found: OKPAY

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          • Splum
            Confirmed User
            • May 2003
            • 6195
            #53
            Originally posted by Sagi_AFF
            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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              • SlammedMedia
                Confirmed User
                • Apr 2008
                • 1573
                #54
                now is the time to buy real estate, stocks, etc. long term ... why would you think it wouldn't be?
                Last edited by SlammedMedia; 03-05-2009, 11:16 AM.
                ICQ: 350-260-628

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                  • Magnus
                    Confirmed User
                    • Dec 2002
                    • 1211
                    #55
                    Originally posted by Splum
                    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.
                    Magnus

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                      • Penthouse Tony
                        Confirmed User
                        • Apr 2004
                        • 5835
                        #56
                        Originally posted by Splum
                        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.
                        aamos AT FFN dot com
                        Penthouse.com Business Development
                        ICQ: 49090846 | Yahoo IM: ff_aamos

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                          • Splum
                            Confirmed User
                            • May 2003
                            • 6195
                            #57
                            Originally posted by Sagi_AFF
                            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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                              • TheStout
                                Confirmed User
                                • Jul 2007
                                • 2089
                                #58

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