Deja vu all over again

[ForTehNguyen]

Originally Posted by Palmguy

There is something very sinister about Goldman Sachs...

/tinfoil

The Great American Bubble Machine : Rolling Stone

[KEVWYO]

Originally Posted by OKMatt

Let failed business fail. Then we will see a change.

Sounds great ... except what if that business is one that your retirement/pension monies are with and your nest egg loses another half of it's value. As a reminder, I bet very few nest eggs have made up the ground they lost to the first Wall Street bubble of a year ago. If you read the article they suggest some more "echo" bubbles are coming in part from the derivatives shell game crap that got them in the $hit in the first place. The banks/WS will make more money but Joe Average American is going to lose his shorts ... again. Yes, less regulation on these clowns will surely make things more stable. Yes, we can let them fail but it's your money and mine that they will be losing and in the process we will have paid them twice to do it.

[CMfromIL]

Originally Posted by KEVWYO

Sounds great ... except what if that business is one that your retirement/pension monies are with and your nest egg loses another half of it's value. As a reminder, I bet very few nest eggs have made up the ground they lost to the first Wall Street bubble of a year ago. If you read the article they suggest some more "echo" bubbles are coming in part from the derivatives shell game crap that got them in the $hit in the first place. The banks/WS will make more money but Joe Average American is going to lose his shorts ... again. Yes, less regulation on these clowns will surely make things more stable. Yes, we can let them fail but it's your money and mine that they will be losing and in the process we will have paid them twice to do it.

Depends upon the fund. I'm up 20% on mine, and the wife's has nearly recovered to pre-collapse. But we are pretty agressive right now, as retirement is long off.

I think the fund managers did some buying while everything was depressed!

But, not to belabor your point, very conservative investors probably haven't recovered a lot. And it is no concession when your nest egg evaporates because of some company going craps on bad investments.

There are lots of people hurting out there.

[Brickboy240]

This has been a teachable moment for many...although one that hurts sometimes.

Many learned that they cannot just stick their money into their company's 401k retirement plan and not pay close attention to it. Many also learned that diversification ...very wide diversification...is moe important now than ever.

From now on...you willl HAVE to watch your retirement savings like a hawk...no sleeping. Watch the funds you put money in to. Pay attention to not only their past track record but to their P/E ratio and fees because these things can siphon off earnings especially when they're slim.

If you're in your 30s or 40s...don't be afraid to put a sizeable part of your egg into things like tax free munis and other "boring" vehicles that are usually for those in their 60s. These places can ease the losse you might see in other areas as the economy stabilizes and someday gets better.

Yes, investing and saving for retirement just became something you will have to stay more on top of than we were in the 90s and even the early 2000s. All sides of a fund must be examined...not just earnings per share.

- brickboy240

[trik396]

Originally Posted by KEVWYO

Sounds great ... except what if that business is one that your retirement/pension monies are with and your nest egg loses another half of it's value. As a reminder, I bet very few nest eggs have made up the ground they lost to the first Wall Street bubble of a year ago. If you read the article they suggest some more "echo" bubbles are coming in part from the derivatives shell game crap that got them in the $hit in the first place. The banks/WS will make more money but Joe Average American is going to lose his shorts ... again. Yes, less regulation on these clowns will surely make things more stable. Yes, we can let them fail but it's your money and mine that they will be losing and in the process we will have paid them twice to do it.

My guess is the market is VERY over bought right now. Insiders are selling big time. When big business big shots start selling their shares it is NOT the time to be buying... and that's just what is happening right now. Before the end of the year the DOW will tank. Mark my words. And I just sold a rather huge portion of my IRA that was tied up with DOW components (putting $ where mouth is)...

[OKMatt]

Originally Posted by KEVWYO

Sounds great ... except what if that business is one that your retirement/pension monies are with and your nest egg loses another half of it's value. As a reminder, I bet very few nest eggs have made up the ground they lost to the first Wall Street bubble of a year ago. If you read the article they suggest some more "echo" bubbles are coming in part from the derivatives shell game crap that got them in the $hit in the first place. The banks/WS will make more money but Joe Average American is going to lose his shorts ... again. Yes, less regulation on these clowns will surely make things more stable. Yes, we can let them fail but it's your money and mine that they will be losing and in the process we will have paid them twice to do it.

I will gladly give up money, if it will help to end the gov assault on freedom in this country.
If they are to big to fail they are to big to manage.

[nickb]

This whole thing is actually my fault. We are restructuring our investments and just before the latest bad news we dumped all our individual stocks. I'm sure that caused the wide spread panic last week.

Don't worry, we'll be getting back in soon & the recovery will begin again.