Posted by
The INFORMER (Cokie907@yahoo.com) on Monday, October 06, 2008 3:01:35 PM
The stock market is crumbling today, after a bail-out that was sold to the American people as a panacea. Problem is, the bail-out is a band-aid covering a gaping wound that is the global financial markets in the wake of a mortgage meltdown. Now what?
We watch and we wait to see if the biggest stock market investment demographic loses its nerve. Yes, I'm talking about the baby-boomers! Many are on the precipice to retirement and if they see the market tanking, they just might lose their nerve and engage in a calamitous withdrawl of their investment money. I'm reminded of the scene in "Crimson Tide" when the chief of the boat says "We get past (a certain depth) and it's all over." Well if the baby-boomers panic and pull-out their money, that will be our "Crimson Tide moment".
People need to dig down deep, DON'T BE A BUNCH OF PU$$IE$! While we know damn well that Democrats are out to destroy the economy in pursuit of absolute socialism, we must realize that panic selling of our assets will give them just the window of opportunity they so desperately seek! Ever heard of the Great Depression? Remember what happened last time? We got the New Deal from the Father of Modern Day Socialism, Franklin Delano Roosevelt and it hasn't worked out all that well.
Don't give the Demoncats what they want. Leave your money in and let's all be big adults. Otherwise, we risk being treated like children for the rest of our lives.