The stock market is up over 230 points today.
If someone personally knows Pedalsaurus_Tex, please ensure that he stays away from all pointed objects and rope and tell him, maybe things will get worse for the country tomorrow, and he can go back to being happy.
Dude…put down the joint. Other than wasting our tax dollars (that we have not even made yet)…the president has NOTHING to do with the stock market. Maybe something about the fed pretty much saying “wait, things are not that bad really” today has something to do with this self fulfilling prophecy of gloom and doom.
I don’t know whose “fault” it is I am just glad to hear something positive. I think I need a break from this.
Dude…put down the joint. Other than wasting our tax dollars (that we have not even made yet)…the president has NOTHING to do with the stock market.
It was edited to add pink.
I have consistently told Mr. Rex that the President has nothing to do with the economy but he refuses to listen so I am just playing his game.
My bad…continue on.
Hmmm…I don’t know. My financial planner told me on the phone today - after I made the comment about being off 26% last year - that things were going to go back up again soon, especially once Obama’s stimulus package starts to kick in…
Should I look for a new guy?
Hmmm…I don’t know. My financial planner told me on the phone today - after I made the comment about being off 26% last year - that things were going to go back up again soon, especially once Obama’s stimulus package starts to kick in…
Should I look for a new guy?
If you have a financial planner who’s actively advising you, and you were down 26% last year then yes, you should definitely look for a new guy!
Hmmm…I don’t know. My financial planner told me on the phone today - after I made the comment about being off 26% last year - that things were going to go back up again soon, especially once Obama’s stimulus package starts to kick in…
Should I look for a new guy?
My comment won’t post above…so…
You’re actually paying somebody to run your money? I’d tell him to get screwed…
Kai
FJB, Bernake gets the kudos for the day. The best thing Obama did/said today was nothing. Now Obama is up tonight. If the market responds favorably again with a 200-300+ point gain on Wednesday then it is the market that is saying “we buy into your plan, Big O”, however, if the market drops 200-300 points then the market is saying “that dude and his plan are clueless”.
lets all wait and see.
It is nice to see green numbers for the Dow. Now if I can just get my Turbo-Tax numbers to go from red to green, I’ll be set.
Snoots,
If you are only off 26%, then you should give him higher commisions…that is outstanding performance.
I woudl stick with anyone who has a POSITIVE outlook. If you dont have hope, you are hopeless. Seems Obama likes to try to make the plebians feel hopless.
Things are bad bad bad, horrible, terrible, worse than ever. Just ask Obama. I suppose he could focus on making things better with out all the doom and gloom rhetoric.
I’d kill for only a 26% loss last year. My investments lost about 40% in 2008.
I’d kill for only a 26% loss last year. My investments lost about 40% in 2008.
I feel your pain. And waiting for me in the mail was the annual assessment on my house showing a decline of 30% over last year. It’s a good thing that I bought my house 20 years ago. Many of my neighbors and friends are so far upside down it’s hard to fathom how they will ever recover but that’s an old story.
If you and your planner had agreed that a conservative portfolio was the appropriate one for you and you lost 26% in 2008, that would be bad.
If you and your planner had agreed that a growth oriented portfolio was the appropriate one for you and you lost 26% in 2008, that would be good.
S&P 500 lost 38+% last year.
we’ll see how upbeat he is this evening. I am sure he will flash those pearly whites when he talks about nationalizing “this” and socializing “that” and soaking the rich for “this” and blame those evil business owners for “that”. All i am asking for is a small does of “hope, change beleive,” magic juice.
word.
Hmmm… my reply was somewhat tongue-in-cheek - my investors profile is set as growth with moderate risk. Overall, I’m not displeased, even though he did make a few moves this year that made me question…
He does not actively advise me - more of a passive thing - I give him money, occasionally, and he puts it somewhere for me… I’ve got a long ways (hopefully) to go before I need it…
B-
Everyone is guessing what is in store for our economy. I wouldn’t pay anyone to guess for me. I’d rather guess myself.