Just a quick thanks to the "panic" sellers

[ben_meyers]

Remember for every sell order there is probably a buy order. 5 of my 7 "auto trades" have hit big time yesterday and this A.M., maybe I should pay a windfall profits tax!

More millionaires were created during the "Great Depression" than at anytime during our previous history.

[sharp_stick]

1. Watch for them dead cats n/t

[krkaufman]

2. Seriously bad form to be praising your own wealth during these times

And what did this post have to do with the Presidential race? Isn't there a lounge for this kind of nonsense.

[olkaz]

13. I'm not rich and I got in on the action too.

I wish more people would do the same thing!

[blondeatlast]

14. But you are gloating. I hope you can still gloat in a few months.

I won't gloat back if you can't.

[olkaz]

20. Who's gloating?

I took what little money I have available for investment and used it on some opportunities I would not normally have.

If things go wrong, I'll still be okay. I'm not sure who's getting hurt here by investing right now.

[blondeatlast]

3. My 401K tanked about 6k in the past week. Go to hell with John McCain

and his fat cat friends.

[ben_meyers]

17. So if your 401k fund manager was one of the

panic sellers then I thank him too. If they road it out like a good manager would then you should be inching your way back. If they were "forced" to sell because of a margin call or to cover a particular position then you probably don't have much of an investment adviser anyway.

[TexasObserver]

22. Your 401K goes up or down based upon YOUR decisions for investment.

If you choose to invest in the stock markets, you are risking the downside of loss, as well as the upside of growth.

I don't mean this hostility, but why have you left your 401K invested in the stock market? Didn't you see the DOW drop from 14K to 11K in the past year? Haven't all the indicators for months been bad?

I do not understand why so many people with money in the stock market in their 401K have left it there, as if they had no choice. You could have moved into safe bonds when the DOW was 14K or 13K, and you'd be getting a 5% return on that larger number, instead of losing $6K in a week.

I'm sorry you got burned, but it's exactly like going to Vegas. You pay your money and you take your chances. That is the RISK market. If you don't like to lose and don't want to, get into some other investment that is safer and has guaranteed returns.

This market is not going to be saved by the bailout. We are headed further south in the DOW, and we will hit 10K this year. You can ride it down, or move to something else.

[RollWithIt]

4. Here's a thought, go F yourself you blood sucking vampire....

A, I feel better now.

[blondeatlast]

5. Back then there was no middle class. Without the middle class, the rich

are going to hurt this time as well.

Did I fail to mention "Go Fuck Yourself"?

[Batgirl]

6. What a coincidence I was just sitting here thinking to myself

"These sure are some scary times we're going through right now, I can only pray that ben_meyers at least is managing to do well amidst the crisis"

[blondeatlast]

8. I soooo wnat the rating system back.

Maybe this one finally gets the pizza he so RICHly deserves...

[Batgirl]

9. but wouldn't it add to our psychic burdens

to not receive this sort of inspirational news?

[blondeatlast]

15. True that. My 401K tanked, but I'm so happy someone is profiting from this.

Let's hope they continue to do so; maybe my 401K won't meet the =same fate as Enron stock...

[krkaufman]

16. Excellent response!! Thanks. n/t

[WolverineDG]

7. Some people have no concept of

"Buy low, sell high." :eyes:

If I had the dough, I'd be doing the same thing you are.

dg

[azmouse]

10. There are bad posts and then there are really bad posts.

Guess which one this OP is?

[w4rma]

12. It's useful information about what is happening in our economy, though. (nt)

[krkaufman]

18. The "information" is not at issue. The trumpeting of personal gains is.

"5 of my 7 "auto trades" have hit big time yesterday and this A.M., maybe I should pay a windfall profits tax!"

No one's saying such statements shouldn't be allowed. But a poster can expect to be called a total d**che for making them.

[w4rma]

21. I like that the poster is drawing attention to this situation. I think its a good thing. (nt)

[krkaufman]

23. I would agree with that, as well, but don't see the need or benefit of gloating.

You wouldn't do it, I would hope, in polite company, so I don't see why it would be any more acceptable on an Internet discussion forum. And then I *really* don't see why it would be posted in GDP.

edit: p.s. We're going to have to agree on the agreeables and disagree on the rest.

[tkmorris]

11. And of course, that's what we want want

The creation of a bunch of new millionaires while the masses starve, a la the Great Depression.

[Occam Bandage]

19. More people were thrown into poverty during the Great Depression than at any other time, too.

But I'm glad you're doing well!