BoatBanter.com - View Single Post - economist blames wall street for collapse

BAR[_2_]

In article ,
says...

On 5/9/10 10:03 AM, BAR wrote:
In articlel7idnWiLI63lInvWnZ2dnUVZ_tudnZ2d@earthlink .com,
says...

On 5/9/10 9:46 AM, BAR wrote:
In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com,
says...

wrote in message
...
On Sun, 09 May 2010 00:23:54 -0400, wrote:

On Sat, 08 May 2010 12:04:28 -0400, wrote:

in 1 day wall street wipes out a TRILLION DOLLARS from the
economy.

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.

really? i bet if your sold your stocks at the end of the day you'd sse
it was real money.

you right wingers...dont even know how the stock market works...

Please tell us how YOU think the market works.

This ought to be interesting reading.

How the market works...

The little investor, typically, gets screwed in many different ways,
while the brokerage houses rip off the buyers and sellers.

Tell me where the unions invest their pension funds? Mattresses? Tin
cans buried in the back yard? Stuffed in boxes in basements?

Tell us, oh educated one, are unions "little" investors? And most of the
unions with which I am familiar have extraordinarily diversified
investment accounts. And what has any of that to do with the fact that
brokerage houses rip off buyers and sellers?

You really are a pimp, aren't you?

You said the magic word, diversification, my financial planner is always
telling me about the minimizing the downside. Diversificaiton minimizes
the downside. Taking profits and distributing them among investments is
the key to minimizing the downside and diversification.

I suppose you buy everything at cost? If you don't you are getting
ripped off by everyone.

My goal is to retire and have the same standard of living I have today.
This is a foreign concept to you.