How us Americans talk to each other about the economy woes...
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ride it out
SuperSport
Joined: Feb 2009
Posts: 745
From: NH
How us Americans talk to each other about the economy woes...
is the fu(king problem! I've told everyone I know about my theory of how talking about the bad economy is what's assists in its downfall.
So in other words...
finally, I found a news article that is going to help us get back on our feet. UNDERSTAND THIS. it's called "animal spirits."
How 'animal spirits' move the market - CNN.com
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So in other words...
Originally Posted by CNN
Stories about the nature of the economy that pass from person to person are another reason why markets go up and down, he said.
The stories that friends tell one another or that are propagated through the media influence people's confidence in the market and therefore affect the market itself, he said.
For example, in the late 1990s, the "story" was that there was a dot-com bubble: People bought stocks in Internet and technology-related companies that seemed to be rising in value rapidly. When people realized that they'd been overconfident and that some of the stocks were overvalued, the bubble burst. Watch iReporters talk about their views of the economy »
"These stories get passed from one person to another, and because they get passed from one person to another, it acts like an epidemic," Akerlof said.
The stories that friends tell one another or that are propagated through the media influence people's confidence in the market and therefore affect the market itself, he said.
For example, in the late 1990s, the "story" was that there was a dot-com bubble: People bought stocks in Internet and technology-related companies that seemed to be rising in value rapidly. When people realized that they'd been overconfident and that some of the stocks were overvalued, the bubble burst. Watch iReporters talk about their views of the economy »
"These stories get passed from one person to another, and because they get passed from one person to another, it acts like an epidemic," Akerlof said.
How 'animal spirits' move the market - CNN.com
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Senior Member
MotoGP
Joined: Mar 2007
Posts: 3,132
From: Phoenix, AZ
https://us.etrade.com/e/t/home
As for which ones.. companies that are strong but have had their prices dragged down by the rest.. Say: Intel, IBM etc. But I am not a financial adviser... This is just my feel for things.
As for which ones.. companies that are strong but have had their prices dragged down by the rest.. Say: Intel, IBM etc. But I am not a financial adviser... This is just my feel for things.
Senior Member
SuperSport
Joined: May 2008
Posts: 530
From: Central Fl.
For myself, remembering the crash just past the OPEC embargo in '72/'73 and then again in the early 80's, and knowing that the general market is going to rise again, and having been placed in a cash position before this debacle, I'm going to buy an "Exchange Traded Fund", probably Vanguard Viper. Tracks the entire market, gives great diversification. If you want a more narrow focus, there are market sector funds, Tech Stocks, Energy Stocks or Pharma for example.
Go sit in the library and read back issues of Money magazine, the more you know, the less your broker can lie to you. And in those pages will be the information you need about selecting a brokerage house and the fees that they charge. Opening an account is easy, the hard part is making money within the account.
As far as 'doom and gloom' in the press...I don't get emotional about it all, others are much better at hysteria than I am. Warren Buffett isn't all upset, why should I be?
Go sit in the library and read back issues of Money magazine, the more you know, the less your broker can lie to you. And in those pages will be the information you need about selecting a brokerage house and the fees that they charge. Opening an account is easy, the hard part is making money within the account.
As far as 'doom and gloom' in the press...I don't get emotional about it all, others are much better at hysteria than I am. Warren Buffett isn't all upset, why should I be?
Senior Member
MotoGP
Joined: Aug 2006
Posts: 2,934
From: altoona, pa
why? we could do as well as many of the doctors who just treat symptoms with no regard for prevention.
this economy is based on extreme consumerism(3% of world population using 25% of world resources), consequently when confidence is shaken, the **** hits the fan.
thanks, Nathan
this economy is based on extreme consumerism(3% of world population using 25% of world resources), consequently when confidence is shaken, the **** hits the fan.
thanks, Nathan
ATGATT
Superstock
Joined: Jul 2007
Posts: 253
From: South of Nashvegas TN
http://vimeo.com/3261363
It is more than just negative talk. Although bitching and complaining never helped improve anything either.
It is more than just negative talk. Although bitching and complaining never helped improve anything either.
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motogomojo
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Feb 18, 2011 07:24 PM
