This is very serious business. I wish I had bailed earlier but I am not sure it matters because the value of your money will ratchet (inflation, recession, international support of the dollar) down to a mean. But I think that there are even more horrible elephants in the room because our unmentionable future presents prospects of an energy crisis as peak oil slides down the downside curve and expensive global warming disaster costs curve up. This country needs to immediately let go of laughably stupid rat hole military budgets and immediately redirect those 400 billions per year toward green R&D, investment in youth, and infrastructure. The issue is far beyond pride of jet flights over a Nascar start ceremony. This is now global survival boiled down to heating the houses that have not been foreclosed.
I dont understand.........You say YOU guys are doing badly????? Some people are still buying..........
Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End’s Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler’s pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.
Regulators have said that of the $90 million paid to Mr. Raines from 1998 to 2003 at least $52 million — more than half — was tied to bonus targets that were reached by manipulating accounting,” The New York Times reported two years ago.
Franklin Raines, the former top man at Fannie Mae, bought a three-bedroom, seven-bath penthouse condominium in the West End’s Ritz-Carlton Residences for $4.9 million. The condo has a rooftop terrace with a hot tub, a butler’s pantry, and three parking spaces. Raines, director of the US Office of Management and Budget under President Clinton, was CEO of Fannie Mae from 1999 to 2004.
Regulators have said that of the $90 million paid to Mr. Raines from 1998 to 2003 at least $52 million — more than half — was tied to bonus targets that were reached by manipulating accounting,” The New York Times reported two years ago.
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no shit Illini...im sure SHITLOADS of people wish they had paid all the penelties a month ago to be out of this mess
i gotta give DAWOOF credit for saying this over and over the past few years in the SELL SELL SELL thread....people are brainwashed into thinking the "buy n hold" over the longrun is a cant lose prop....just like the housing market he said the days of people thinking their house was an ATM to borrow against is over....
take a look at GM, if your grandparents owned it back in 1929 the market cap is LESS than what it is today....its a fact the last decade in tech has been DEAD MONEY...
having said all that....if i had a 401k today i WOULD NOT pull it out....you already been to the funeral....just gotta hope you get to go to the wedding someday....
i gotta give DAWOOF credit for saying this over and over the past few years in the SELL SELL SELL thread....people are brainwashed into thinking the "buy n hold" over the longrun is a cant lose prop....just like the housing market he said the days of people thinking their house was an ATM to borrow against is over....
take a look at GM, if your grandparents owned it back in 1929 the market cap is LESS than what it is today....its a fact the last decade in tech has been DEAD MONEY...
having said all that....if i had a 401k today i WOULD NOT pull it out....you already been to the funeral....just gotta hope you get to go to the wedding someday....
not pulling my 401k..got most of it in a money mkt fund..
wish i had an ultrashort etf in it..
i work at an investment firm, and alot of my co workers (along with some of my friends) are talking about putting some cash in the mkt now because everything is so cheap....that doesn't seem like a bottom to me.
-cheap to me is a jim rogers buy on C at $5.
-I wouldn't be surprised to see the largest rally of all time within the next week....and then a 20% decline from there...and after that.....well, the FED will probably own the market!
wish i had an ultrashort etf in it..
i work at an investment firm, and alot of my co workers (along with some of my friends) are talking about putting some cash in the mkt now because everything is so cheap....that doesn't seem like a bottom to me.
-cheap to me is a jim rogers buy on C at $5.
-I wouldn't be surprised to see the largest rally of all time within the next week....and then a 20% decline from there...and after that.....well, the FED will probably own the market!
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