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economist blames wall street for collapse
On 09/05/2010 8:20 AM, bpuharic wrote:
On Sun, 09 May 2010 08:06:47 -0600, wrote: On 09/05/2010 7:58 AM, hk wrote: On 5/9/10 9:46 AM, BAR wrote: In articler7CdnbMfxK9WK3vWnZ2dnUVZ_qSdnZ2d@giganews. com, says... How the market works... The little investor, typically, gets screwed in many different ways, while the brokerage houses rip off the buyers and sellers. Only if you are stupid, thick headed and don't do your research. or you could be like the average working guy or gal in america...believed the right wing stuff about how free markets, unregulated, are the best protection for working folks. then watched your 401K tank while you lost your job It happened to me. Lost my job, ok, well sort of. I hinted to the boss to make me next as I wanted out anyways and was casually looking. But still, got the RIF. They gave me the news at 11am, I came home and partied all afternoon. Boss really hated letting me go, but so what, I look after #1, my family. Difference was I had eyes open and knew it was coming. It was also the only way I could get a severance, and roll over the pensions. In cash too, just before the crash.  Opportunity.I didn't stand in the middle of the tracks like a dumb sheep or deer and wait for it to hit me so I could wallow in self pity and whine. Nope, I went with the flow and profited. I even took a well deserved whole month off before I looked for a job, and it was good! Longest time off I have had since I was a kid. Having the month off was good, transfered the US and Canadian pension in cash while the market crashed. Plotted an investment strategy, and followed it. Easing the cash into the market in Jan-Apr 2009. LMAO to the bank for these moves. But my wife said it best, you are bored after 4 weeks. I was, picked up the phone and sent out 5 resumes, 3 interviews and 2 job offers... I was again a tax-paying slave. But then, I manage my life where I can, I don't worship others like Obama/Harpo/Iggy in my life, they are just puppets managing the herd. So, I guess you screwed up then eh? You story? Loser in auto gets the axe and developes self pity for being asleep in life? -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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