Quote Originally Posted by SnSstealth
gooooooo socialism:yippee:..............:wtf:

this is country destroying bad. the worldwide markets crashed as soon as we passed this because weve proven that free-market dosent work. IMO

When are these power/money hungry assholes that are holding back our entire civilization back just so they can have that much more wealth? it reminds me of these banyan trees in my area. these trees grow amazing tops, very colorful and very heavy. to support the weight it grows hearty supporting "legs" growing down from the top. but when rich people want a nice pretty lawn, they cut all of this side branching off. this works fine and the tops thrive and look glorious. then one day a hurricane blows by and with no supprort structure the top falls crushing anything in its way. well all of our supporting "legs" are being chopped out and here comes the hurricane.

BTW I got out of my 401k in december, best move i ever made. my investments far exceed the national avg.

db:smokin:
Good analogy.

I pulled all my investments about 3 months ago and have them sitting across 4 interest accounts at the moment. I'm waiting for signs for the market to stabilize; currently I'm at about 12% total YTD, far better than most people I know. I'm curious to see what will happen between Wachovia, Wells Fargo and Citibank. I may want to hop on that early depending on the terms and outcome of the situation.

For people who have no investments; this is a GREAT time for you to prepare to dump some serious money into the market. You will probably be seeing 100% returns or more over the next couple of years (assuming the market stabilizes soon/before end of 4th quarter.).

edit: I should add an addendum, I don't want people blaming me for bad investment decisions so I'll add this. If you are able to determine that a company is more profitable than what it's trading at and you diversify your investments... then it will be a good time to invest.

There are many things to look at when trying to determine if a company is profitable or not. I won't go into details but I'll say these two things....

There is a formula out there to do this

AND

Although it's a bit outdated... pick up The intelligent Investor and Security Analysis. It will teach fairly good basics for stock market investing.

Investing is long term. Look at any one who's been successful in the market.. they ride out the rough times. For instance Warren buffet just dumped 3 billion into GE because he determined it was worth more than it was trading at; however he did it safely... 3 billion dollars is about 1.4% of Buffets net worth. He didn't go crazy and dump all his money into it.

So figure out what's profitable.. and only dump a fragment of your net worth into it.