Well... Thank GAWD, that the "market" did not suffer too much

[SoCalDem]

I swear.. every time today that I looked in to see what the latest news was, some bimbette or Ken-Doll was blathering on about the MARKET..the MARKET..

One would think that for a brief time, the rich folks could quit worrying about their piles of cash..

and then of course there was the macabre reference to the "blood & guts" on the walls of some "cherished landmarks".. I guess it's back to HGTV for me..

:puke:

[nytemare]

1. The market doesn't know what the hell it is doing

Oil goes up, market down 100 points, Oil goes up again, market goes up 50. Oil stays the same, market goes down 150. It has gotten too confusing to follow. If it goes below 10000, I am putting my 457 into fixed funds.

I thought it was calloused to talk about the markets on such a day. Sort of like the blowhard at Faux talking about the advantages of the attack. Ugg.

[WCGreen]

6. I blame the up to the minute scorboard

popularized by CNBC as the latest in a long list of reasons why this country is so short term oriented....

It's like the "investment" class has EAD...

Economic Attention Disorder

[NMMNG]

2. The sad thing is

Even as the initial posts about the explosions were coming over the GD board somebody posted a query about how the events would affect the stock market. :eyes:

[MercutioATC]

3. It's not only "rich folks" that are concerned about the stock market.

My retirement at work consists of three elements:

1) Social Security (a small part)

2) a pension (larger part)

3) 401k (the largest part)

I have less than 11 years until I retire. I'm certainly not "rich folks" but, since 100% of my 401k is currently in a mix of S&P 500, small cap, and international stocks, I'm definitely watching.

[bryant69]

5. There it is

More to the point the Market is one barometer of the economy as a whole - a shock to it could lead to a shock to the whole system - so a bad day at the stock market could end up having larger ramifications than one thinks.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[MercutioATC]

7. I'll admit to overreacting....

When I heard about the bombings, I immediately put my entire 401k into government securities. Luckily, I can transfer contributions and balances as often as I like. It's back in stocks now.

Of course, there's a two-day lag so my transfers netted me absolutely nothing...maybe even cost me a few bucks.

[The2ndWheel]

4. Thank who?

Don't you mean Thank the Market that the market did not suffer too much? The Market is our God afterall. It's even a person. The Market thinks this. The Market sees that. We go to war for the Market. We arm the Market. We die for the Market. We talk to the Market, but we never see it. I assume it looks like us, as we are made in the Markets image. We are consumers. If the Market is angry enough, people can die for lack of money. The Market wants money.

The first thing we always need to do is make sure the Market is alright. If we don't feed it and please it, we die.