Quote:
Originally Posted by zEn84
The stock market is only reflecting the housing and credit market. Who's gambling on whos livelihood? If people want to invest, whether they do it themselves or hire someone, should know the risks involved. Nothings guaranteed. We aren't in this situation because of the stock market, this is because of people living beyond their needs.
In fact, I hope we do see a major flush with the indexes more. I thought we were going to witness it today since the markets had to shut down over night from too much of a drop. Maybe we'll see it at the end of the day, hopefully. We need to see capitulation, and soon. Hopefully this thing will throw up so we can finally get back to normal trading. Couldn't be happier to sit here and witness history being made though, pretty cool.
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Mortgage backed securities should never of been allowed, they were investing money that didn't even exist. Stocks are largely based on the rise and fall of companies. For example, gm stocks fall, employees get laid off, etc. Thats what i am talking about when i say peoples livelyhoods.