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Thu Dec 20, 2012, 10:43 AM

Be prepared for Wall Street to try to scare us with a 1,000 point drop if we don't fall in line.


Don't fall for their last shock-and-panic tactic.

And always keep this in mind: For the vast majority of us, our SS retirement benefits are far more important than our 401K accounts, if we even have them.

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 10:50 AM

1. If you believe that, shift a large % of your 401k to a money market fund now.

Most 401k programs have those or something else similar to cash.

Then, wait for the 1000 or so point drop to level off, and then use the cash you put on the sidelines to buy back in as things settle down again (which they will). When things start to improve, money will flow in quickly, and probably grow past today's levels. When that happens, reassess ... might be time to again shift some money to the sidelines in preparation for the GOP's next round of hysterics.

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 11:29 AM

2. No fear here. Investing in climate change deniers, corporate prisons, slave labor and Citzens United

has been and always will be the lifeblood of libertarians and conservatives.

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Response to raouldukelives (Reply #2)

Thu Dec 20, 2012, 12:53 PM

3. Me neither. I just want people to stay strong, and be aware of the games Wall Street plays.


We may need to bolster the resolve of our congressmen during this, because you can bet their rich constituents will be screaming in their ear over the next few weeks.

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 12:55 PM

4. Let it fall. I'd rather trust in the Doug Jones than the Dow Jones.

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 01:08 PM

5. Wall St. is all funny money, the numbers don't mean much.

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 01:08 PM

6. "Wall Street" the NYSE, was just sold to speculators

 

So, I don't know how much sense "Wall Street" makes anymore since they'll be based in Atlanta:

http://www.reuters.com/article/2012/12/20/us-ice-nyse-idUSBRE8BJ0LK20121220

---IntercontinentalExchange agreed an $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into European financial futures and helping it to take on arch rival CME Group.

Atlanta-based ICE will look at selling Euronext, NYSE's European stock market businesses, in an initial public offering after the deal closes in the second half of next year.---

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 08:58 PM

7. Now that Boehner has failed, I think we're on for the "big drop".

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 09:07 PM

8. It would certainly reveal who pulls the puppet strings, wouldn't it.

 

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Response to reformist2 (Original post)

Thu Dec 20, 2012, 10:13 PM

9. And we're set to open DOWN 212 points tomorrow...

The 1% are going to throw a temper tantrum!

http://www.bloomberg.com/markets/stocks/futures/

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Response to reformist2 (Original post)

Fri Dec 21, 2012, 12:35 AM

10. F*ck those 1% assholes - bring in the guillotines!!

Set them up right next to the entrances. You want scared?!? We'll show you scared!!


I've had it with the kowtowing -

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