Now is actually a good time to buy stock. That is if you can afford it. The markert will eventually go back up. The people that have to worry the most at this point are the soon to be retirees, who have the bulk of their nest egg wrapped up in 401K's and IRA's. If you have a few years left until retirement, leave most of your investments alone. Just make sure you have enough in cash for the "rainy day".
Let it Fall, So We Can RebuildPosted: Oct 9, 08 10:10amLet It Fall, So We Can Rebuild We starve-look At one another Short of breath Walking proudly in our winter coats Wearing smells from laboratories Facing a dying nation Of moving paper fantasy Listening for the new told lies With supreme visions of lonely tunes ..."The Flesh Failures", from "Hair", the musical We live in a country where a mathematics graduate student is paid $19,000, allowing him/her to subsist in substandard housing on the fringes of an American City, while a so-called currency analyst, a pseudo mathematical profession employing people who could barely muster the essentials of post High School math earns towers of the hyper-inflated paper that represents nothing but itself and wastefully occupies volumes of the best living space the city can offer. We once reached for the stars, only to narcissistically worship a technology fashioned of ideas that have lost their life in the passage of time. (Where is the new science, art, architecture, aside from fuzzy concepts of chaos and uncertainty?) In the inner city and environs, we nest our living quarters in the twisted remains of structures that once housed thriving industry. We turn away from science and philosophy and seek our answers in medieval mysticism. We discard one Bush war, only to progressively pursue salvation in another. The hole Barack has warned us of is nothing but a tunnel, on the other side of which there is Light. Only by letting go of the illusion, can we regain the Reality of human productivity and creativity. Let the House of Cards fall. I must disagree with the endorsement of the candidate I support. I oppose the principle of bailout. Marshall Curson New York City  4 Comments
// 5 Members
Posted: Oct 9, 08 10:23am
PaulAdrian
 Posted: Oct 9, 08 10:24amThe more I think about it, the more I agree. I don't see how bailing out the wealthy assists the average person, or even the economy. If the house of cards did indeed fall, and rebuilding were to prevail over bailing out, I would hope that all executives and management personnel involved in nourishing the intentions which brought about this while fiasco would be sought out and penalized, as well as black listed from any financial industry forevermore. Rebuilding may be the only way to change the foundation, which is already cancerous. Posted: Oct 9, 08 11:41amWhen HBO makes a movie about Wall Street over the last couple weeks, this'll will be playing during the final scene: It's high time for a walk on the real side Let's admit the bastards beat us I move to dissolve the corporation In a pool of margaritas So let's switch off all the lights And light up all the Luckies Crankin' up the afterglow 'Cause we're goin' out of business Everything must go (Steely Dan, "Everything Must Go") http://www.youtube.com/watch?v=lD0RGUfoQGs The instrumental beginning is rather tedious, but run it up a ways to the vocals. Posted: Oct 9, 08 11:49amExtremely well said Marsh but a TOTAL remake?? Can we survive such radical surgery? The question may be rhetorical because if things keep on keeping on, we just may have to be renovated from top to bottom. Cannot help but think of the Russki revolution AND the Castro one. All they did was switch capitalist pigs for Communist ones. In the end--who did they help? Just askin. | ADVERTISEMENT  |
