Dow down 527 as stocks extend devastating decline - Page 3 - Mercedes-Benz Forum

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post #21 of 26 (permalink) Old 10-12-2008, 09:56 PM
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I grew up in a small coal mining town in southeastern Kentucky. There were folks within a mile that still had outhouses. Learning life lessons from folks like that make this much easier to take.

But there are going to be a lot of people hurting from this. Of the 25-30 main posters on BWOT, I would not be surprised if we don't have 2-4 get smacked very hard. The odds are just in that favor and just because we all have benz, will not make us, as a group immune.
It's hurting everyone. As defensive as my portfolio is,I'm still getting hammered, so I can just imagine what a screaming nightmare this must be for those who have both feet in - luckily for me its all in the accounts I don't need for twenty years, but those cashing out now have got to be some hurting little puppies. The people getting it the worst are people who are forced to get out of their IRA at 70 yrs of age, that has got to be a motherfucker. The double whammy of low stock prices and bum interest has got to be doing a number on the elderly. I bet Florida is now solidly in play.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #22 of 26 (permalink) Old 10-13-2008, 12:33 AM
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Guess what FTL? A lot of them asked for it themselves. They should have seen it coming after the first 4 years of this free will spendings and out right bull shit lies, yet they keep the mother fucker for another 4 years because he sells a good John Wayne story. I must admit I don't feel sorry for any of those idiots. They have to eat their dog shit now and I hope they chock on it.

'95 R129
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'10 X204
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post #23 of 26 (permalink) Old 10-13-2008, 10:15 AM
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DOW UP 527 AS STOCKS EXTEND DEVASTIATING ADVANCE!

My... What a difference a day makes...

Don't believe everything you think
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post #24 of 26 (permalink) Old 10-13-2008, 12:00 PM
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Big fucking deal!!! How long it's going to take to get back to what we all lost?

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post #25 of 26 (permalink) Old 10-13-2008, 12:54 PM
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My... What a difference a day makes...
I has recouped 10% of the loss of this past year, and that is assuming that this gain holds. The previous gains have not.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #26 of 26 (permalink) Old 10-13-2008, 02:00 PM
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WOW!!!!!!!!!!!!


Don't believe everything you think
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