I lost approximately 30% on one of my 401k account. :hs: in the last week or so. Before that I had caught up from most of my loss from 2008-2010 :hs:

oh well, shit will go up again. i actually bought some additional shares of stocks that i feel is undervalued so here is hoping!!!

 

Wow. Thanks for the Gandhi statement. Growing up with a Minister father, I heard a lot of fire and brimstone statements. I'm glad that in his later years, he is less that way and a lot more open to energy and spirituality vs. you're going to hell if you do that.

 

That is NOT what is says. S&P (you remember them...the same people who gave Lehman Brothers an A rating, right up until the firm crashed down hard; so much for their credibitlity) stated that the downgrade was due to the increasing debt burden (raising the limit had nothing to do with it) and the failure of the American political system to fix it.

As long as both sides continue to engage in partisan sloganeering, name-calling and refusal to compromise (paying attention, Tea Party members?), it will only get worse. It has often been said, at critical junctures in our nation's history, that politics would destroy us. We're coming perilously close to that now. Congress and the president need to stop digging in their heels and start doing the people's business they were elected to do.

 

Dems and Reps are equally at fault for our mess and it has been building up steadily since the Great Depression, the last couple years and the bailouts most definitley did not help one bit though.

Partisanship is bullshit and any thinking person with half an eye on things should be able to see that and move forward. Our country right now is in peril of hyperinflation the same as the Weimar Republic, and yet our leaders (pres, congress and senate) instead of tackling the issue and making actual cuts went with baseline budget cuts that don't mean shit. We bleed about 211 trillion a year and take in a pittance of this, our spending goes up and our return remains the same or less.

Not sure about how your house runs but if I spend more than I make then I trim the actual fat. To cut 1.2t over 10yrs is a laughable offering at best since our scheduled rate of spending increase is 8% annually, do the math and you will realize we haven't even tipped the waiter a nickle for a steak dinner with that offer.

Every member of congress needs booted, the 2 party system has fucked us for too long and watching these morons play the blame game is only making the global market shakier because they are doing exactly what a 6yr old does. Now why don't we all grow the fuck up and work together to fix this mess or at least begin turning the wheel on the ship one direction or another.

 

Dow down 450 right now!
Ouch!
Raising The debt ceiling has nothing to do with this.
Bush raised it 9 times and the market never did this!

Sids1045/Nightshade and ToD or right on point!
Enough of this right verses left bullshit that has been going on lately
Git it dun!

 

The Dow closed today down 633 points and it looks like it may be only the tip of the iceberg. All the world markets are down because of the lowering of the US bond rating.

It's past time for our leaders to stop acting like bratty kids in a schoolyard and start acting like adults. It's past time for the Tea Party and Grover Norquist to take a long walk off a short pier.

 

I sold off the rest of my single-stock positions in one of my IRAs. They took a beating today, but, being up $19/share is still better than being down

 

I'm investing in metals - mostly lead and brass.

 

I am investing in guns and self defense classes for when all the shit hits the fan and people start rioting

 

if dweezel is buying guns, maybe it's time for me to get one