The mkt's are bleak for awhile!!

[JOVARN]

Sitting tight 40-C 40-S 20-I. I think I bought close to the bottom.
Birch a little help here, I'm in need of moral support from the perma bull.


Will McCain show up tonight??

 

[Mike]

In the very short term (< 3 months), I don't think there's a lot of downside risk. However, if the bailout (whenever it passes) fails to work, we could find ourselves looking back at 2008 as a relatively tame year compared to what's coming.

The US economy without a functional lending system is something I don't want to think about - but it's exactly what we'll have if the bailout fails. Double digit unemployment and severe economic contraction are inevitable if this comes to pass.

 

[dannyboy]

Yep the markets are bleak and I think will be for at least sometime into next year, cause there are alot of these ARMS still left to reset in 2009 and 2010. So even though, I'm sitting on the lily pad with my tsp funds, with quick jumps in and out a month, I'm scraping together every penny I can and adding stocks to mine and my wifes ROTH. There are some bargains out there and I aim to haul in as many as I can afford. If only I didn't have to eat. :laugh:

CB

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I've looked at all the different advice and market analysis that gets 'poked and prodded' on these various links and messages. I want to think that everything will work out, and there's no need of any bail-out, :suspicious: this whole bail out is a prayer for a 'good?' Bush legacy. I'm 20 years out of retirement and that's all I do is help write retirement computer code, so I'm just holding on and hope that there will be something left in the treasury when I retire?

 

[JOVARN]

With the "bail out" on the way it may be easier for those who are about to be
forclosed on or have their rates re-set work out deals with the Gov so they can stay in their homes. The banks wouldn't.
Please save the lecture on they made their bed and must now sleep in it: WE ALL heard it before.
Thanks