It's bad, without a doubt... but the other thing you can pretty much count on is that some stocks are going to drop below their market value and will rebound fairly quickly. Somebody is going to buy those stocks and when the rebound happens, folks are going to make a lot of money.

But his policies are. They are the gift that keeps on giving.

so then it won't matter who is president?

exactly!

Are you a bigger supporter of the Council on Foreign Relations or the Tri-Lateral Commission? Doesn't matter who wins, they're all controlled by the same bunch of folks.

Europe is down 9+% across the board this morning

My point which I thought was clear was that the candidate who's name is on the ballot this year (John Mccain) has based 95% of his proposed economic policy(tax cuts and trickle down economics) on a continuation of the Bush polices of the last 8 years.

Economic power is being consolidated. Smaller independent banks that took too many risks are being absorbed by the uberpowerful banks (families) that have the reserves. We're panicking, they're buying. This was all a mistake that could have been avoided, but we allowed fractional reserves to go from 10x to 30x. People were lending a bunch of money they didn't have, and the lawmakers allowed it to happen.

Yeah, the Bush family is part of the problem. Do a search on Brown Brothers Harriman, and then take a look at who originally loaned BBH the money they needed to get started in the first place - you'll find the heirs of Nathan Rothschild.

This whole mess is being manufactured to eliminate fringe players, and get the payments going to a select few banking families.

We don't need Obama or McCain. We need Andrew Jackson.

Maybe they aren't as intelligent or thoughtful as you thought...

ive lost several grand lately, but im not panicing, it will go back up eventually

Warren Buffet is literally shitting himself right now related to how all these irrational bastards are going to make him even richer........

You forgot the 2nd half of any decent supply side argument -- cut spending.

The half your referencing actually led to increased revenue. In that regard, the Bush policies were correct.

The problem is that the man expanded government spending to points heretofore unheard of.

If MCain continues with the tax cuts and trickle downs, yet also cuts federal spending, you'll get a true functioning economic policy.

Probably, but he's lost an assload on his preferred on Goldman and GE so far, at least on paper. Still, we'll be able to look back in a year or so and shake our heads that he was able to get in at such low price points.

This is a great time to get in the market.

I was watching the opening of the market today and every 30 seconds it was dropping like a rock. As several stated above, those who are set to retire in the near future are the ones taking a true hit and may have to work a lot longer "if" they didn't put their money in safer investments as retirement time came knocking. For the rest of us, unless you sell at this cut rate price, you haven't lost a dime. GM looks like a decent buy, unless they decide to file for BK, which could very well happen from the way things are looking. Someone was telling me their stock was at $105 in 2000? Wow..........

It always does. The ones that are buying aren't stupid. They are heading towards a huge payday in a few years.