Yes, I had to laugh at the "candidate of Hope" cheerily pointing out that stocks are cheaper to buy than they have been for most of a generation. Unfortunately, they're not as cheap as they're LIKELY to get - especially as Sunday's New York Times quotes Obama as saying that we may not get ANY economic recovery this year. Want to bet what that's going to do to Monday's stock market?
*sigh* This is hitting retired folks especially hard. :-( I have some really close friends who I have advised (although of course they do not listen haha) them to just keep Fox Business OFF the tv for the sake of their sanity!
Are you getting the Change you'd Hoped for? Then share your opinion right here!
NEW POLICY: Owing to repeated abuse of our open posting policy, all comments will now be held in queue for moderation. Cleared comments will be posted ASAP, though there may be a delay of several hours (sorry!) Note that contrary opinions remain welcome, but trolling and general ass-wipery will not make the cutoff.
By posting, you accept all conditions of the Terms of Use shown at the bottom of the Home Page.
Soooo very true....
ReplyDeleteBut hey...you forgot to tack on "...but its a GREAT time to buy more stock" at the end...
Yes, I had to laugh at the "candidate of Hope" cheerily pointing out that stocks are cheaper to buy than they have been for most of a generation. Unfortunately, they're not as cheap as they're LIKELY to get - especially as Sunday's New York Times quotes Obama as saying that we may not get ANY economic recovery this year. Want to bet what that's going to do to Monday's stock market?
ReplyDelete*sigh* This is hitting retired folks especially hard. :-( I have some really close friends who I have advised (although of course they do not listen haha) them to just keep Fox Business OFF the tv for the sake of their sanity!
ReplyDelete