Comments | meriae: 5 things for saturday

meriae

5 things for saturday

Oct 11, 2008 08:25

1. First of all the phrase "ten thousand lemmings can't be wrong" is an ironic statement meant to imply that "everyone else is jumping off the golden gate bridge, so that MUST be the cool thing to do!" whereas we all know that each and every one of us is a "PC" and not an "NPC" so we would only do things after careful consideration and considerable ( Read more... )

Comments 5

call_me_ps October 11 2008, 13:50:17 UTC

#2: FINALLY! Someone behaving rationally about this entire mess. Yes. I told my husband that right now if we had the money we would absolutely be jumping into the stock market. You KNOW it will not stay that low forever. If time has shown us one thing it is that these dips are temporary. It goes back up. It always has.

Of course, I'm probably the only one who is reading about the stock market plunging and yelling (no, literally) at my computer YOU ARE DOING IT TO YOURSELVES!!!!!!!!!!! STOP SELLING AND YOUR STOCK PRICES WILL STOP DROPPING YOU MORONS!!!!!!!!!!

I mean, I know it's serious business and that people are literally losing their retirements but seriously. As a collective group we need to step back, realize that this is only temporary and the sooner we stop panicking the better, and leave our freaking stocks alone.

meriae October 11 2008, 16:01:53 UTC

Well, I was a stockbroker briefly. I passed the series 7, I know how these things work. ;)
But thank you. I'm glad there are some other pragmatists out there.

call_me_ps October 12 2008, 00:22:28 UTC

lol--And I am a statistician. I'm trained to look at the big picture, long term trends, instead of the hiccups/random variations of the data. :-) I SO wish we could afford to take a few hundred and invest.

oushi October 13 2008, 13:18:34 UTC

Sorry I took that personally dude, too much pms in my head!

So I have no idea how to even get started buying stocks, but I agree that now seems to be the time to do it!! I'm also going to put more money in my 403B, since my portfolio actually increased this past quarter!!! (how weird is that? I'm all in environmentally based mutual funds, that must make a difference!)

meriae October 13 2008, 13:31:44 UTC

Hello hello... no problem. We all have our moments ( ... )