Stocks

[SolaSaint]

Anyone else notice that for 7 straight business days--the Dow has lost ground? Ever since the election results seems big business isn't happy with Obama at the helm for another 4 years.

 

[LadyEagle]

Yes, I've noticed. This just doesn't affect the rich, this affects pensions. Pensions that people are living on now or hope to live on. And businesses are going to fold up, so how much will that stock be worth? But this is what people wanted when they voted for 4 more years of obama. They could have had Mitt.

 

[SolaSaint]

Yes my Thrift Savings account will be devalued as well. I don't think the next 4 years will be fun at all. I think we will see a very different America in 3-4 years. Churches will need to step up and be the light in a dark America.

 

[billwald]

I thing the middle class bubble is kaput and we are regressing to a 19th century economy and social structure.

 

[InTheLight]

People are leaving the stock market for a couple of reasons. Selling now to avoid a possible increase in the capital gains tax rate and selling now to avoid the fiscal cliff. Met with my financial advisor yesterday and will be getting out of stocks and into cash and fixed income funds until it all blows over. Hopefully I can avoid the big losses and then re-enter the stock market and buy my same securities at much lower prices. Sell high, buy low.