nadinbrzezinski
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Wed Jun-11-08 12:15 PM
Original message |
WEEEEEEEE the stock market continues to go down |
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as oil continues to go up...
WEEEEEEE
What will be the distraction to this?
I mean, they are out of maneuver room
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crazymans economics
(77 posts)
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Wed Jun-11-08 02:29 PM
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1. The day people decide to sell their stocks... |
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and can't find any buyers, they'll find out all their "published value" was worthless.
Then, things will get interesting.
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Xenotime
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Wed Jun-11-08 09:35 PM
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2. yup. that's why gold is the best value. |
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It's always worth something
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lepus
(312 posts)
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Thu Jun-12-08 08:05 AM
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3. Gold is only a method of preserving wealth, not creating it. |
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There is a reason why they call lazy people gold bricks, they sit around all day looking pretty but don't do anything.
For the most part, most decent stock investments over a ten year period have far outperformed gold as far as returns go.
The issue with gold as a method of preserving wealth is that when it is at its most valuable due to currency concerns, the less likely it will be a good time to sell.
I have some silver set back. but I also plan for the future in stocks. I sold off my dicey stuff last week before the 400 point drop in the DJIA. In the end I have a very small gain instead of a loss.
If you are going to invest in stocks, learn about them first instead of just throwing your money at them.
Just my POV. This market will not stable out till oil goes down and this credit issue is contained. The mrket is still likely to drop down a good bit further than it already has. wait until the credit card issue hits.
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Sat May 11th 2024, 06:59 AM
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