stock market a reflection of our wealth

[luckyleftyme2]

Even a novice knows the stock market is reflection of the countries wealth. Only a fool bought into war now pay later. How long do you think it would take the rest of the world to know we were exceeding our credit. how many times did people from the Nixon,Reagan and Bush
sr. administration think they could use the same game plan with a few wrinkles before the creditors would figure out how to sink us?.How many times have we been told that the east thinks in generations while we think about who we can scam this week.
Its time that we pursued those responsible even after they leave office. Its time to restore the real american values of the past.
the real "WEAPONS OF DESTRUCTION" is the american voter who's pissed off!

[Warpy]

1. This isn't just our problem, you know

Banks and brokerages worldwide bought shitty hedge fund paper and they're all beginning to realize how much of their assets column represents pieces of bum loans in California and Florida, laundered into investments by hedge funds offshore.

This crash is worldwide. Forget about hiding from it because you can't.

[DJ13]

2. The stock market is NOT a reflection of our wealth

Its a reflection of the wealth among the elites, it has never represented the current state of our economy.

If it had it would have been down big time when oil started rising over the last several years, not heading towards 14000 on the Dow, as the increasing costs of living impacted the lives of Americans every day.

The stock market decoupled from economic reality back in the mid 90's, and it still lags the economy most of us are suffering with now even after it has fallen to 11000.

[luckyleftyme2]

3. and you think deficits aren't counted

I'm sure you mean well but 90% of the individual wealth is held by less than 10% of the populace. but 90% of the deficit will be paid back by you and me.
the country has borrowed almost to the extent that Russia did. We are close to bankruptcy.

[Nederland]

6. No it won't

If by "you and me" you mean people in the bottom 50% of all wage earners.

[Nederland]

4. True but...

...the elites provide most of the money that funds government spending, which gets distributed to the most powerful voting block: the middle class.

[suston96]

5. Not a reflection of anybody's wealth - it's a gambling casino......nt

[luckyleftyme2]

7. wrong

the market is one of the major indicators of every countries wealth. the dollar is deflated to the extent that major players are pulling out. now tell me how that doesn't effect you and me.
oil prices rise,wages stay stagnant and every thing you own takes a cut.hold on baby "bushco" doesn't need your vote he's already snookered you.
how do you think the countries wealth is measured? same as yours on what your borrowing capacity is.
opps I didn't realize I was talking to one of "dubyas " key financial advisors.

[Dreamer Tatum]

8. Not even close to a reflection of wealth

The number of private companies absolutely dwarfs the number of public ones, for starters.

[Nederland]

9. False comparision

Yes, the number of private companies dwarfs the number of private ones, the the value of public companies dwarfs the value of private ones.

[Dreamer Tatum]

10. Not sure I agree

Would be willing to bet that total nonpublic company revenues is greater than public, by sheer numbers alone.

[Nederland]

11. Nope

http://www.forbes.com/lists/2007/21/biz_privates07_Americas-Largest-Private-Companies_Rank.html

http://money.cnn.com/magazines/fortune/fortune500/full_list/

The largest private company (Koch Industries) doesn't even have the same revenues of the 10th largest public company (IBM).

[Dreamer Tatum]

12. Touche, but I stand my my guess. n/t

[ThomWV]

13. It is no more a measure of our nation's wealth than our used car lots are

The stock market is the world's greates used car lot, they don't even sell new ones.

[luckyleftyme2]

14. well lets see why the rate went up on our borrowing

the nation as a nation is the largest debtor in the world. our industry is gone,our produce growers are losing out to third world countries and several people in here are trying to preach we're ok.
one auto maker in japan is richer than all our auto makers put together.our shipping industry is solely dependent on foreign flags.
our lumber industry is clear cut itself into oblivion.as fast as we find an industry to employ people we export the labor.
and still we have those saying how well off we are.
a $ 700 PAY CHECK IN AMERICA HAS A $150 LESS GOING TO YOUR FAMILY THAN A CANADIAN.
YEA JUST KEEP BELIEVING THE STATUS QUO -BUT LEARN MANDARIN AS A BACK UP.