nmelendez

2009 Depression Will Be Nothing Like 1929

Sorry but you missed one point.Yes, the world is great, yes we still have our health. The problem is not the loss of money but the loss of confidence, that's what hurts. Seeing how people like Madoff destroy your livelihood even though Govt. was notified of some fishy actions by his company and did nothing about it.
That's what hurts,Exxon, Worldcom!!! Our trust has been violated. If we are unable to trust those we elect, whom can we trust?



On Mar 06 07:57 PM Jonny Rotten wrote:


> You hit on a VERY important point about human psychology!!
>
> People are all freaked out today because they lament what they HAD.
> Even though they still HAVE so much now compared to any time in history
> ... they are still working from a brain that evolved over millions
> of years in the harsh grasslands and jungles and loss FEELS BAD to
> that brain. REALLY BAD!
>
> In reality the world is FANTASTIC and full of promise ... but when
> you lose something ... no matter what you have left ... you feel
> like crap and like the world is ending.
>
> That is why it is called irrational.
>
> That is what make a person a part of the herd and easily taken advantage
> off. They let emotions interfere with rational forward looking decisions.
>
>
> The smart thing to do now is to be optimistic and buy things like
> equities since they have so much promise in the future.
>
> People can't do that because they can't get over the negative emotions
> they are experiencing because of their recent loss.
>
> The 'smarter' people (at least along that metric) don't let yesterday
> interfere with making a rational decision today.
>
> The average-joe does ... in fact that is what defines and separates
> the average-joe investor from the truly successful. Not being able
> to read a chart or to some fundamental analysis... or some such non-sense.
> That is the snake-oil that the herd is sold ... and told is the path
> to success.

2009 Depression Will Be Nothing Like 1929

C'mon people. Watch this hat trick. US has bought warrants and plenty of bank stocks cheap. The banks have cut their dividends. With me so far? Now i raise capital gains tax to 20% and bring down the 38% to 25% tax on green energy companies and banks. Still with me? Noooooooooow, on March 12 the fed and congress will convene to discuss changing the mark to market to mark to model. What do you think will happen? Who gets a bunch of money? It sure won't be the investor. Now the Govt. sells citi it bought at 3 to investors at at 10. These are the same investors who bailed out at SP 1200, the big wigs. The one's whom really suffered have been the small investors who did not know what was happening.