Global Economic Crisis (Page 2)

Case in point.... I think part of the problem with the media is either they don't realize the power they have over the average American sheep, or they don't care.

Ultimately, yes, people are responsible for their own decisions. But it is debatable whether or not the mass media helps or hinders the decision-making process.

Completely off the original topic, but here's the thing...  I'm not going to take medical advice from a newspaper.  Nor am I going to take investment advice from one.  If I want an expert, I'll find one.  Now, if the experts are purposefully misleading people that's a criminal act.

My beef is not with media advice.  It is with the media’s tactic of fear as an attention getter.  The market drops a couple of hundred points and the headlines read like “the sky is falling.”  They know their readers/viewers eat this up.

yes, this is what I am talking about... better put than I did. 

True.  Of course, they use it because it works.  People don't want to hear that this is normal, or to be expected.  I think that the true blame still lies with the readership for buying into the fear with little or no knowledge of what they are being told.  Ignorance is no excuse.

x1,0000,00000,0000,000,0,000,   to all the "sky is falling" media haters (yes, I know that's not a real number......)  Global this, global that.  A pox on then all.

As to the OP, nope.  I'm a buy and hold type of guy.  Buy some good investments (actually, have an expert investment adviser tell us what and when to buy), sit on them and let them compound.  I am certainly not smart enough to match the market, I'm not even gonna try.

My 401K, akthough it's dipped a bit in the last 2 months, is still 10% + over the last year.

Oh how I wish people would turn off the news at night, or at least filter what they read and watch instead just HAVING to watch or read every ‘sky is falling’ story out there. 

I will openly admit that I do not watch the news because the overwhelming majority of it is bad news. 

Here, let me sum up almost every news cast tonight and most every night:  There was an accident with injuries or deaths, a house/building burned down, someone was shot, the market dropped, etc.  That then leads to your weather and sports. 

The really savy people will have hedged this potential disaster in the options market.  worth spending a little of that premium to put a floor on your downsides.

They're not just for institutions.

conserve commas, use scientific notation!

x10^20  or   x1e20

x2. I think using terms like "global economic crisis" is making a mountain out of a wee molehill.

I'm not worried. I figure it's mostly self-correction and further fallout from the sub-prime mortgage issue. Personally, all of my stocks are long-term holds, and any other positions are protected. The market will bounce back--maybe not next week, but it will before long.

Today, the thing that really concerns me is the 1-month and 3-month T-bill yields going zero and even negative.

As best I can determine, this means that some big players with tons of cash are so risk-averse to everything in the market right now, that they are willing to take a known small loss on short-term investments rather than any other alternative.

ETA: I think it also means that possible Fed rate cuts won't do a damned thing.

I just can't shake the feeling that we are witnessing historical events this week.

Will do. I'm also going to resurrect my thread predicting McCain as the next president right after his nomination and my grandchildren will resurrect my threads about global warming.

we some somebodies are puckered real tightly this week.

Look what happened this afternoon just on a rumor! (and the plan behind that rumor may not be good for equities!)

I am only slightly less optomistic than you. I believe we are 18 months away from very good times. I anticipate that the market will have rebounded and the indices (globally) will be up 75 - 80% from today's values.

lol, actually this was interesting to read.  I even pulled up the dow based on the dates of the post.   The last few posts were right before the big crash in 2008.  kind of eerie.