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It's unfortunate that we're experiencing this historic collapse. Actually, I think it's more of a nasty “correction” than a collapse. It's no Great Depression, not with much lower unemployment rate compared to the 1930s. My stocks have hit the ropes recently which upsets me, but I realize they'll come back sooner or later. The domino effect that the U.S. economy's woes have on the rest of the world is illustrative of the global nature of markets. Funny but the nations that will be least affected will be those who haven't really "plugged in" to the global economy to a high degree. I'm sure that China will be affected due to the large foreign investments there that makes its economy run.
I'm too scared to look at mine. 😮
Funny but the nations that will be least affected will be those who haven't really "plugged in" to the global economy to a high degree.
But aren't they not rich to begin with?
Yeah, those are the countries that don't gain much or lose much (or “as much”) from global catastrophes. All nations are inter-connected to some degree.BTW take a look at Exxon over the last few days, of which I am a shareholder:[html][/html]
I don't buy stocks and I cashed in my 401K from Merrill Lynch last month before they were bought out. 🙂
I don't buy stocks and I cashed in my 401K from Merrill Lynch last month before they were bought out. 🙂
Rub it in, rub it in. 😉Actually, if you did start buying stocks about now (around the bottom) you could set yourself up very nicely.
I am doubly lucky. I have both GM and Exxon. Anyway I plan to just sit steady in the boat and maybe I will live long enough to see a rebound
I have a janitorial business. One of my accounts is a GM dealer in Bend and I got the dreaded call about an hour ago saying they couldnt afford it anymore. Norm (the owner) is a friend of mine and he said they are cutting to the bone. From the owner on down everyone is taking a paycut or by next June there will be no dealership. It stinks because that account constituted about a third of our income.Arnt Ford and GM stocks almost down to being penny stocks? Ford was almost down to 2 bucks a share I think. I fyou do by now and they rebound you will make a tidy sum. Norm Told me that GM is doing great around the world but is tanking here in the U,S,
