Get Your Money Out Now!!!

[Ready Room]

Insider info from a source would NOT say anything unless he believed it. Get to the bank and sell off any stocks AS SOON AS the market/banks open - IT IS ALL COMING DOWN TOMORROW!

God Bless and Good Luck.

[jerrymrc]

All my money was out of the market 15 months ago. I saw this coming. I would have lost 45K today and at 6 years to retirement that would not be a good thing.

I am not a believer in the "Bailout" as has been presented so far.

Pass the popcorn.

[Daniel187]

credit union baby

[RYAN50BMG]

Increase your cash on hand position, continue to reduce your debt, stay diversified, stay disciplined (not like that Marlin, I mean financially).

[Gman]

Credit unions are not immune. They buy into the National Credit Union Share Insurance Fund which is a private insurance company just like FDIC.

If you try to pull out all of your money, you will be part of the problem. I"m going to let it ride.

[ssf467]

The stock market is one element in this green wienie heading our way. What has happened is money has stopped being loaned. No new money = no growth. The crisis will be snowballing sooner if the Congress doesn't rape us. Our currency has been debased and since gold doesn't back it, it will become more and more worthless, as this down turn continues.
The article from 2005 was a prediction of things to come after the collapse of the US economy.
Brass and copper look better each day.

[Gman]

Warren Buffet was warning about derivatives being "time bombs" and "financial weapons of mass destruction" 5 years ago and he made sure Berkshire Hathaway was pulling out of them.

http://www.financialweek.com/apps/pb.../REG/809199997

[Justin]

Buffet evidently invested $3 billion in GE today. He's also putting money into Goldman Sachs. Which is interesting, to say the least.

[Gman]

The crisis will be snowballing sooner if the Congress doesn't rape us.

The "bailout" plan, which was 3 pages and ballooned to 250 by the House, is now 451 pages. There is pork for wool research, NASCAR tracks, Puerto Rican rum, wooden arrow shafts used in children's toys, etc. The Senate passed the porked up version tonight.


The government obviously can't take this seriously so they should just stay out of it. They just can't help themselves with the idea of boatloads of money filling the trough to only disappear without accountability.

quote:

A few of the earmarks stuffed in the bill:

- Film and Television Productions (Sec. 502)

- Wooden Arrows designed for use by children (Sec. 503)

- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

Tax earmark “extenders” in the bailout bill.

- Virgin Island and Puerto Rican Rum (Section 308)

- American Samoa (Sec. 309)

- Mine Rescue Teams (Sec. 310)

- Mine Safety Equipment (Sec. 311)

- Domestic Production Activities in Puerto Rico (Sec. 312)

- Indian Tribes (Sec. 314, 315)

- Railroads (Sec. 316)

- Auto Racing Tracks (317)

- District of Columbia (Sec. 322)

- Wool Research (Sec. 325)

http://michellemalkin.com/2008/10/01/read-the-senate-bailout-bill-here/

[CareyH]

No offense....

But the morons in the investment world are the ones that bail out and sell all their investments when they are at their lowest. I'd recommend selling only investments not likely to ever recover.

Selling all stocks now just transfers your wealth to somebody else when the economy picks up - which it always does.

A few people have lost millions & billions in this recent mess.... given time, a few others will have made millions & billions in the years to come (the ones that buy up everything YOUR dumping right now, while they are at their lowest). Also, the bailout bill failling isnt insider information - its national information. Selling tomorrow morning would probably be during the period when stocks are within 5-10% of their lowest point - bad, bad idea.

buy high and sell low right? lol

I agree with foxtrot. you may want to move some investments around but pulling out completely will just hurt you in the long run.

why keep more cash on hand? if the bottom falls out of the economy our money will not be worth the paper its printed on. keeping more ammo on hand tho.....