News Oct 9, 2008 at 1:30 pm

Comments

1
I don't know about your assertion that Portland is more insulated, Matt. Like we have discussed often in the past, economic opportunity here, particularly for young people, is abysmal. With a lot of our economy based on hospitality, food and beverage I think we will probably see a local unemployment rate higher than the national, just like last time.
2
I'm thrilled! Ecstatic! This is EXACTLY the type of change we need in the system. It's opening people's eyes to the reality of the world around them. I don't know about you, but daylight came where I live today and it's raining outside and I'm alive. Good stuff. What more do you need?
3
Listening to the most recent This American Life right now - "Another Frightening Show About Money".
4
Plenty of non-gentry young people contribute to 401k or PERS plans through their jobs, menial or otherwise. So, you're hosed too. Asserting otherwise is totally misleading.
5
"The Dow is an index of share values for publicly listed companies."

I take it you didn't get your economics degree from LSE, Matt. "The average consists of 30 of the largest and most widely held public companies in the United States." That's from wikipedia.

It's true measure on the market is at best a psychological one.
6
It's time to buy on the cheap as Joe-six-pack panics and sells at a loss. Buy, buy, buy. Really, this is ex-cellent!
7
It's a natural process and inevitable given all the garbage economics going all the way back to Reagan. Now we have Shrub, who was Reaganomics on steroids. As he pulled the pin more than anyone else, I'm glad Bush was holding the grenade when it blew up. The market will find a bottom and then it will find it's true value. Next stop 7000. Best not to drag it out.

If we lost confidence in the value of our currency, now that would be very bad. Unfortunately, that appears to be inevitable.
8
Another bang-up job here by the Merc's most thorough "reporter". This is full of wrong information and stupid assertions. I know of one job that can be outsourced to the benefit of all!
9
Sirs:

For a cartoon character, Mr. Burns has it right.

For every panicked seller, there is a cold, calculating buyer who knows that this, too, shall pass. Personally? I'm buying every blue chip share I can grub up the money for.

If you had half a brain, you would too. It's glorious shopping out there, kiddies, with another million or two to be made probably by year's end.

And if you insist on selling -- you're just making me all the more wealthy. Thanks. I really appreciate your foolishness.

I remain in an aquiring mood,

Jacomus d'Paganus-Fatuus
10
"Don't Panic!"
11
t.k.

Exactly. It's a wonderful opportunity build equity and wealth.

Jacomus
12
I love how Matt has simply stopped responding to the critics. Lovely work, per usual, mate.
13
"So it's important that you make yourself indispensable."

I feel some irony coming on...
14
Some funny reading here:

Why the Real Estate Boom Will Not Bust - And How You Can Profit from It: How to Build Wealth in Today's Expanding Real Estate Market by David Lereah

Dow, 30,000 by 2008 - Why It's Different This Time by Robert Zuccaro

Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market by James K. Glassman and Kevin A. Hassett

Dow 40,000: Strategies for Profiting From the Greatest Bull Market in History by David Elias
15
Yeah, I just put an order in for Zap Motors (ZAAP). It's my first actual stock purchase so I hope I'm buying at a good time. If not, it's only $200 and I figure I could easily waste that much if not more with a good night at Sassy's.
16
Sifting through the bullshit and rolling with the punches makes me whole.

Please wait...

Comments are closed.

Commenting on this item is available only to members of the site. You can sign in here or create an account here.


Add a comment
Preview

By posting this comment, you are agreeing to our Terms of Use.