Comments on: Silent screams http://www.donnaville.com/2008/10/06/silent-screams/ sugar and spice and everything groovy Thu, 29 Jul 2010 17:24:53 +0000 hourly 1 http://wordpress.org/?v=abc By: B. Davis http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38991 B. Davis Fri, 10 Oct 2008 19:02:10 +0000 http://www.donnaville.com/?p=2414#comment-38991 Dow Jones Industrial Average right now: 8070.79 Does anyone watch the not-so-silent screamer named Jim Cramer? Talk about inciting a panic! All we need is some shmuck like him pouring gasoline onto a raging fire. Dow Jones Industrial Average
right now: 8070.79

Does anyone watch the not-so-silent screamer named Jim Cramer? Talk about inciting
a panic! All we need is some
shmuck like him pouring gasoline onto a raging fire.

]]> By: Audra http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38975 Audra Fri, 10 Oct 2008 14:28:24 +0000 http://www.donnaville.com/?p=2414#comment-38975 The Dow Jones is back in positive territory today. And I bravely transferred a large amount into Julia's 529 last night. The Dow Jones is back in positive territory today. And I bravely transferred a large amount into Julia’s 529 last night.

]]> By: B. Davis http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38945 B. Davis Thu, 09 Oct 2008 23:43:16 +0000 http://www.donnaville.com/?p=2414#comment-38945 President Bush clamors for Congress to act (quick! hurry! the sky is falling!) on "rescue" bill. Congress caves in, Dubya signs "rescue" bill on October 3. Dow Jones Industrial Average close Oct. 3: 10,325.38 Dow Jones Industrial Average close Oct. 9: 8,579.19 I wasn't a math major, but I think that's a 16.9% pounding since Bush (and McCain, unfortunately) joined forces with the Democrat Party leadership in Congress in an effort to save us. Lucky me, though. My paltry savings are tied up in money market funds. "The most terrifying words in the English language are: I'm from the government and I'm here to help." --- President Ronald Reagan President Bush clamors for
Congress to act (quick! hurry! the sky is falling!) on “rescue” bill. Congress caves in, Dubya signs “rescue” bill on October 3.

Dow Jones Industrial Average
close Oct. 3: 10,325.38

Dow Jones Industrial Average
close Oct. 9: 8,579.19

I wasn’t a math major, but
I think that’s a 16.9% pounding since Bush (and McCain, unfortunately) joined forces with the Democrat Party leadership in Congress
in an effort to save us.

Lucky me, though. My paltry
savings are tied up in money market funds.

“The most terrifying words in the English language are: I’m from the government and I’m here to help.”
— President Ronald Reagan

]]> By: Audra http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38911 Audra Wed, 08 Oct 2008 19:52:29 +0000 http://www.donnaville.com/?p=2414#comment-38911 If it's any consolation, Glenn Beck has been telling his audience to stock up a year's supply of food (and water, and to plant Victory gardens) for at least the past few years that I have been listening to him--it's not new because of the economy. He always just said it makes sense not only in case of a national or local emergency, but even if you personally lose your job or something, you always know you have enough to eat. And before all this happened, he was touting storing up corn, wheat, and soybeans because of the food-for-fuel movement. If it’s any consolation, Glenn Beck has been telling his audience to stock up a year’s supply of food (and water, and to plant Victory gardens) for at least the past few years that I have been listening to him–it’s not new because of the economy. He always just said it makes sense not only in case of a national or local emergency, but even if you personally lose your job or something, you always know you have enough to eat. And before all this happened, he was touting storing up corn, wheat, and soybeans because of the food-for-fuel movement.

]]> By: Steve Ragan http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38906 Steve Ragan Wed, 08 Oct 2008 14:58:17 +0000 http://www.donnaville.com/?p=2414#comment-38906 You can't stock up on Campbell's Soup - it comes in a can and you can't eat canned foods because they're bad for you. Remember, "Most canned goods are coated with a resin lining derived from Bisphenol-A (BPA)". I'm pretty sure beer cans don't have that coating so go ahead and toast the economy ;-) I remember back in the 70's when I was a kid and it seemed the world was crumbling - energy crisis, stock plunge, unemployment, inflation. My Mom loved it! She had no money to gamble on stocks - all she had was her bank account. With skyrocketing inflation she was able to get a double-digit APR on her savings account. When's the last time you saw that? I guess what it amounts to is being able to see the silver lining in the dark clouds that surround you. Personally, I think we'll pull through this like any hardship before. I just don't like having to pay for other people's mistakes. You can’t stock up on Campbell’s Soup – it comes in a can and you can’t eat canned foods because they’re bad for you. Remember, “Most canned goods are coated with a resin lining derived from Bisphenol-A (BPA)”. I’m pretty sure beer cans don’t have that coating so go ahead and toast the economy ;-)

I remember back in the 70′s when I was a kid and it seemed the world was crumbling – energy crisis, stock plunge, unemployment, inflation. My Mom loved it! She had no money to gamble on stocks – all she had was her bank account. With skyrocketing inflation she was able to get a double-digit APR on her savings account. When’s the last time you saw that?

I guess what it amounts to is being able to see the silver lining in the dark clouds that surround you.

Personally, I think we’ll pull through this like any hardship before. I just don’t like having to pay for other people’s mistakes.

]]> By: B. Davis http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38867 B. Davis Tue, 07 Oct 2008 18:29:47 +0000 http://www.donnaville.com/?p=2414#comment-38867 Don't worry...be happy. Watch Pocketful Of Miracles and remind yourself that you're Louise, not Apple Annie. Don’t worry…be happy.

Watch Pocketful Of Miracles
and remind yourself that you’re Louise, not Apple Annie.

]]> By: gerald harrington http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38855 gerald harrington Tue, 07 Oct 2008 14:31:35 +0000 http://www.donnaville.com/?p=2414#comment-38855 Watching Doris Day and not some television prognosticator getting ratings by scaring you sounds like a pretty good idea! Actually, the dollar has been increasing in value because other countries are fleeing to a safe haven. Everybody wants to have their savings in cash now but at some point people will want their money invested in companies that make money so they can go back to particiapting in company profits. If you invest for the long term things will revert to the mean. Keep saving! Watching Doris Day and not some television prognosticator getting ratings by scaring you sounds like a pretty good idea! Actually, the dollar has been increasing in value because other countries are fleeing to a safe haven. Everybody wants to have their savings in cash now but at some point people will want their money invested in companies that make money so they can go back to particiapting in company profits. If you invest for the long term things will revert to the mean. Keep saving!

]]> By: Paul http://www.donnaville.com/2008/10/06/silent-screams/comment-page-1/#comment-38829 Paul Tue, 07 Oct 2008 04:23:46 +0000 http://www.donnaville.com/?p=2414#comment-38829 Glen Beck is little more than a big mouthed fear monger. Last week, he urged his followers to "sell all of their stock". Today, that advice seems prophetic. On balance, it's absurd; if anyone was spineless enough to acquiesce, they'll miss the recovery, which may well come sooner than later. Y2K was 95% hype; this, too, shall pass. The moral of the story, is, "build a portfolio with a tolerable amount of risk (for you)". When the market's up, it's easy to have a high tolerance for risk. When it's down, that's the real test of your fortitude. I am 95% in stocks, 5% in bonds. I should be 80% stock, 20% bonds to sleep better at night, but, would I sell today? Not a chance. Sell high, buy low... Glen Beck is little more than a big mouthed fear monger. Last week, he urged his followers to “sell all of their stock”.

Today, that advice seems prophetic. On balance, it’s absurd; if anyone was spineless enough to acquiesce, they’ll miss the recovery, which may well come sooner than later.

Y2K was 95% hype; this, too, shall pass. The moral of the story, is, “build a portfolio with a tolerable amount of risk (for you)”. When the market’s up, it’s easy to have a high tolerance for risk. When it’s down, that’s the real test of your fortitude.

I am 95% in stocks, 5% in bonds. I should be 80% stock, 20% bonds to sleep better at night, but, would I sell today? Not a chance. Sell high, buy low…

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