How's that PPIP coming along Timmie? The "complex issue" is how do you get someone to pay 90 cents on the dollars for something that the market says it will buy for 10 cents on the dollar. The private sector will make "good money" only at the expense of the taxpayers.
Yep, I'm expecting the final number at the nadir to be about 80% loss - peak to trough. Should happen early 2010. My father-in-law was down 50% with his retirement fund. Now he's "only" down 25%. I told him to bail out completely with this big rally. He looked at me funny and said I want to get back to even. I told him that won't happen even after my daughter is a grandmother. He just walked away.
haha Classic! The human brain is wired against taking losses and wants to get back to break even, even if that means holding on and adding to losing positions indefinitely.
That's right Makloda, these retirees are expecting Obama to "make them right" as far as their stock accounts go. They are in for a HUGE disappointment.
Worldwide forex transactions are worth $3 Trillion per day. World stock markets are worth $40 Trillion (estimated).