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Do you agree the economy can bounce back?
Listen to what's happening... we have people telling us to "Hurry up and buy gold" or "better watch out for your investments if you have more than 100K" or "forget 401K and social security"... and so on... then at the same time, you see everyone in a panic and running from the stock market and the world stock markets follow suit and it just gets worse amd worse....
Today we see this headline (I'll include a couple of excerpts)...
Dow finishes below 10,000 for first time since '04
...The market's paper loss at the day's lows came to $1.1 trillion, as measured by the Dow Jones Wilshire 5000 Composite Index, which tracks 5,000 U.S.-based companies' stocks. That compares with a loss of about $1.5 trillion last week; that was the worst weekly return since the week after trading resumed following the Sept. 11, 2001, terror attacks...
...The market "is displaying one of its worst traits with a herd mentality, and investors have an appetite for feeding on fear," said Anthony Sabino, a professor of law and business at St. John's University...
But he cautioned it was still not a nightmare scenario...
"Most certainly, this is not the Great Depression of the 1930s, but (is like) the savings and loan crisis of the 1980s -- and we bailed them out," he said. "Once people catch their breath, they'll see this is the proper analogy and this will breathe life back into banking institutions."
http://biz.yahoo.com/ap/081006/wall_street.html
Well then... wouldn't it seem logical that if we stopped panicking, we would be fine? Stop telling people to jump ship, and maybe people will realize, they don't need to, which would be a good thing.
Our economy can bounce back if we keep it together.
Lets not tip the boat shall we.
Thanks.
...
To the first two of you who answered. First of all, thanks... but you're supporting my argument... Both of you, like doctors, are advising others to take a course of action that will only lead to making this situation worse... it's a snow ball effect if you will.
Why do you not instead of sharing these little packets of wisdom, these little attempts to incite a panic... instead encourage others to do the only hing that can be done to prevent the market from collapsing any further? INVEST!
No? Then please explain to me why not and how you think that will play out better in the end othewise, please.
I see only one way out of this, and it is up. But everyone has to be on board. It's fear and only fear driving the world stock markets down. If you or anyone reading this is contributing to this, please stop.
I mean... do we want this to get worse or better here?
8 Answers
- notyou311Lv 71 decade agoFavorite Answer
Yes, but it will take time and sacrifice. Many people will suffer and lose their life savings. We need strict oversight not the greed we have seen in the past by certain people:
- 1 decade ago
in my personal opinion, as i have stated in the past, we are heading into another "great depression". of course the stock market will eventually crash. all we can do is postpone the inevitable. how many times in our nations history has the U.S. had a "balanced budget"? ONCE that i am aware of. yes this does in fact have a direct effect on the stock market whenever a gov. has this large of a debt, the economy suffers. with the current bail out situation where "we the people" are required to bail out a bunch of filthy rich, corrupt business people (oops, i mean companies) who knew in advance what the possible outcome would be, the people & the stock market will suffer. once the gov. starts bailing out these corrupt companies (thereby rewarding them for their corruption) more will follow. 1st we bail out Fanny & Freddie, then we bail out A.I.G. who's next & where & when will it stop? it will stop when the market crashes! not until.
the economy can & will bounce back but it will take a long long long time.
we bounced back from the "great depression", & we bounced back from the savings & loan crisis of the 1980's. WE WILL bounce back from this... eventually.
have-a-loving-day!
- ?Lv 61 decade ago
I say it depends. If you are 78 and your retirement investment is your primary source of income, you have the reason to try to shoot yourself in the head. But if you have some more years to go, you have no reason to choke unless, of course, your money is in the company that sells snake oil.
Certainly, the economy will bounce back. See, these banks have been around for decades. Many survived through the depression. If I have billions, I would even buy some of these suckers - like Warren Buffet is doing. Right now, I'm waiting to see George Soros comes on board.
- Lil' Gay MonsterLv 71 decade ago
I think that completely ignoring the warning signs is just like try to cover the sun by putting your thumb right against it. Just cause you can't watch it doesn't mean it isn't there. Most people are getting screw by their payments cause they didn't plan correctly or cause they try to make it anyway against all odds. If the economy decreases even more, then the banks will have to take money from people's savings cause you can't just stop trading, if investors are so concern about selling and selling to recover their investments, why regular people shouldn't be able to get what's rightfully theirs to protect themselves the same way big shots from Wall Street do?
I mean I'm not saying hey everybody go out and take everything home cause that will not help either and will cause a hell lot of trouble if we all pull out our funds at once, just be careful, think and act responsibly, be fairly informed, don't let yourself go into panic mode by those anti-capitalist who seek to induce terror so you end up messing unwillingly things even more.
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- 1 decade ago
If you don't see it then you are arrogant, this is a much bigger problem then before we have things now that they did not even have during the 30's like credit cards 3.50 a gallon for gas and a much bigger financial institution that when it fails it ruins everything. People are maxed out they are buying food with credit gas with credit and luxury's with credit. You say it couldn't be like the great depression I agree, I think it will be much much worse if they cannot fix it. But in the long run Yes I do believe it will get better.
- Anonymous1 decade ago
The economy will bounce back. This bank collapse was engineered by the republicans (they run this scam historically) to enrich their friends. Bankers make some BIG BUCKS for making those bad loans.
And the question will be - how much richer will the billionaires be when it does bounce back? How much poorer will the average American be?
Vote Obama - Don't let these Neo-Cons do this to us again!
- 1 decade ago
The rich ARE buying. It's how they get rich. They buy now when the rest of us are selling and they sell when the rest of us are buying.
- Anonymous1 decade ago
if you think that the power of positive thinking can cure the deep problems of our financial system you are an idiot.
Source(s): financialsense.com