Yup, people got greedy on all fronts and us regular people who pay their bills on time end up getting screwed. My 401K is probably down 25% for the year now, over $25K gone in less than 10 months unless some small miracle revives the market before the end of the year. :|

I feel your pain.

Hey, it's not as bad as I thought! I'm only down 24.1% for the year. :-x

-

Nothing like having a bill with $110 billion in earmarks...

...and John McCain...Mr Earmark vetoer(is that even a word? lol) voted yes for it. :rolleyes:

Do as I say and not as I do.

Time to write in a vote.

well, thank you. Its spelled Alexander Villani, thank you.

Sorry, you're last name is too close to Villian, you=teh loss :D

I think I'd vote for BiGals, but not BigAls.

I'd vote for you, but I fear you'd cancel the Challenger.

Today was not good. Market fell almost 700 points. To put all this in perspective, during the Great Depression, the market fell 24%. Over the last month, the market has fallen 31%, and since the start of the downturn 12 months ago, the market has fallen 39.4%.

In other news, GM and Ford are in HUGE trouble now. S&P put both manufacturers on "CreditWatch with a negative outlook". Which led to their credit being down graded and it will now be virtually impossible for either manufacturer to get a loan for anything. So until they can get their credit rating back up, everything they do will have to be paid for out of their pocket, and seeing that both are already in debt, that's very bad news. Following this announcement late in the day, Ford's stock plummeted 22% to close at $2.08, and GM's stock plummeted 31% to $4.76. Wall Street has officially put both companies on "Death Watch".

Glad i sold off everything i had 2 months ago... i would of lost big money. I pulled all my money markets too. My savings account looks banging though haha.

Drinks are on you tonight! :nod:

This is really getting out of hand now.

i bought GM at 50 at shair -- times my loss = 12 years of work and if the volt dont make it in a big way its a was a bust - in 1995 i did not for see the sub prime doing this in the end it was all a scam and a lot of people got hurt forever - jz

There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
- Richard Feynman

I didn't check today, but GM stock as of closing bell yesterday was it's lowest since 1950.

:nod: THAT is scary. especially seeing as both GM and Ford have been put on a "death watch"

GM closed at 4.89.

Stock price is down because no loans = no selling cars = no cash in.

all i know is i was finally forced to move my allocations today. im sick of losing thousands every month with no hope of a return in the near future. 80% back into the stable fund

Unemployment figures for last week came out today. Over 573,000 jobs were lost last week alone :shock:

:shock: Holy "F"