We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
.RE: No Armageddon of a few days ago..Suggest you check the crater in the ground being excavated right now in the futures area. Tomorrow looks like Armageddon.
On the bright side as your broker will no doubt point out it's a great time to buy, i mean after all, no one can pick a bottom or a top. Gut check time for the bourgeois and fertile ground for the proletariat.
Stocks Plunge Worldwide Amid Pessimism Over US Stimulus Plan
LONDON (AP) -- Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.
U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and the Americas.
Britain's benchmark FTSE-100 slumped 5.5 percent to 5,578.20, France's CAC-40 Index tumbled 6.8 percent to 4,744.15, and Germany's blue-chip DAX 30 plunged 7.2 percent to 6,790.19 .
In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.
At the risk of sounding like a bottom feeder, think that after tomorrow (or at least after the news from Europe and Asia) I shall switch the piggy bank from money market fund I put it in last early December into a low fee index fund and leave it there for 20 years. A good time to buy. Don't have the nerve to wait longer for it to go even lower, tho it will...A good friend has been nagging me that market timing never works, but I am glad I've had my principal safe the last six weeks.
Fortunately, am employed for the time being and we own our house and have no debt. Kids' college will use up savings. Will be okay so long as I can find a non-outsourced job until I'm 90. No "cool" or intellectually fulfilling work any more in our family: In youth we used our skills and Ivy educations professionally, in middle age it's "downward" mobility to plain vanilla work with a better crew of coworkers, and just buy groceries, pay electric, educate kids, give to church, and health insurance, and glad of it. Gotta be the most overeducated person in my job classification at work, but grateful for a paycheck.
None of the political candidates appeal to me, and none seem genuinely concerned for ordinary working Americans. All will cut deals with Wall St. and big business while spouting rhetoric for the gullible voters. Just want them to keep their paws off my hard earned paycheck, and their noses out of my business.
"I'm calling to report my neighbor Elwood Smith....He's hidin' marijuana inside his firewood! Don't quite know how he gets it inside them logs, but he's hidin' it there."
>> "Thank you very much for the call, sir."
The next day, the Sheriff's Deputies descend on Elwood's house. They search the firewood shed. Using axes, they split the whole two cords of logs, but find no marijuana. They sneer at Elwood and leave.
Shortly, the phone rings at Elwood's house.
"Hey, Elwood! This here's Floyd....Did the Sheriff come?"