Stolen from bigmike …@gmail.com, someone who clearly doesn’t care for the way our free market system is working at the moment:
WOULD YOU RATHER THE DJI HITS 3000 OR A T REX CHASED YOU THRU CENTRAL PARK
bigmik..@gmail.com – 2 minutes ago (1 post)[Note: DJI stands for the Dow Jones Index, the most popularly referenced stock market index in America]
I suppose for a lot of people there really isn’t much of a difference. Getting eaten by a dinosaur might be quicker. Certainly it would put a lot of stock traders out of their misery.
Over the last decade financial advisers have been telling people nearing retirement age that they need to keep significant amounts of their retirement savings in the stock market because our average life expectancy is longer. People who took that advice have watched 50% of their savings (more or less depending on the specifics of their portfolio) evaporate, with more losses all too likely, I bet a lot of them right now are wishing they’d cashed out 2 years ago. Then again, I imagine quite a few of them are having regrets about the Bush/Republican/Greenspan policies that inflated the value of their homes and the markets without creating any real wealth based on production rather than accounting tricks and speculation.
