Exactly what lemmings say as they follow the leader right off the cliff. Just don't come crying when you try to sell your positions when a bubble collapses only to find out GS high-frequency trading platforms has beaten you to the punch.
I clearly stated I don't trade TODAY'S MARKET worrying about next year, and you respond with some drivel about a program beating me to the exits after a bubble pops. WTF does that have to do with intraday trading? DOES ANYONE ON ET TRADE ANYMORE?
I edited my comment. It was a joke, and a riff on 'are you a steer, boy?" from an Officer & A Gentleman. You're always free to disagree vehemently, of course, and you can even be mean and rude to me and call me names. Back on topic, it is indeed true that professionals that were making 6 figure salaries are applying en masse for sub 20k per annum jobs, especially where health care bennies are provided.
You have been PMSing so much lately, I've officially indoctrinated you into the Menses Hall of Shame:
What people seem to forget is that part of the value in having a degree was its rarity. Natuarlly if everyone has one, how valuable is it considering it probably isn't a measure of any skill set or specific knowledge. You get that on the job........still
I agree that degrees are overvalued when it comes down to it. I know a lot of people with BA's that should be working a register at SBUX and plenty of people with only HS diplomas that are very wealthy. The numbers still make sense for people to get a college degree however. The unemployment for those with degrees is much lower and these people will make far more money over their lifetimes. With that said, spending $60k+ on a degree that isn't specialized is madness, IMO. Especially these people who are art history or music majors. I have no clue how someone could do a cost-benefit analysis on those types of degrees and think it's fine to borrow $60k in order to finance that type of degree.
Wow a month later after that discussion and you still don't know 1 SINGLE person unemployed, im simply amazed by that. Just 2 days ago I found out of another person getting laid off, well he is already laid off, worked as a salesman, company took back their 2 year old car from him and cell phone. Sales were continuing to drop, I guess they thought it was him but probably didn't understand the fact the economy is in a deep recession and no matter how much you advertise or come up with some type of marketing, sales wont increase in this type of environment. Also have another friend working in the bank/brokerage area, they are letting him go in August, was suppose to be June but they kept him a bit longer.
I hope everyone here knows that college is a BUSINESS just like the kiosk selling ice cream or the Burger king selling you large fries and a sprite for $7.75 and even that local mom and pop store on your corner. Thats all college is.
while a busines - the very top ones make a difference. If you went to harvard or yale you could have had a hand it the Goldman Sachs and Bush families plunder of America. Or the future destruction of America under the obama administration. I suspect over the next generation, family connections will become relatively strongly and university degrees will be devalued.