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Originally posted by Whisper67bi
Okay, I'm going to wait until 10 AM to go make a run on the bank but then, I was thinking, if the market truly crashes what difference will it make? We operate on fiat money so I suppose I would then be able to use the paper as fuel in my fireplace but other then that, it would be utterly useless. Therefore, go to the bank then go to the nearest jewelry store and buy up all the gold and diamonds I can?
I have a cousin who lives in the inner city and his culture is about having the biggest diamonds and the most gold around their necks. He may end up being smarter then I. His method of investment is going to be more profitable then any stock, 401k, or other 'rich on paper' option I have invested my 'money' into.
I loaded up on groceries yesterday and filled up the car. I dunno much about this R guy but there have been ominous indicators over the last week as previously posted.
Here goes the bell!
Originally posted by RetinoidReceptor
It doesn't look like there will be a crash today. BAC is alread up 9% and other banks will/are following with the DOW only down .35%
"We need to see a vote on the stimulus sooner rather than later," Raymond added. "Last week's jump in U.S. unemployment has made the package even more significant, with investors becoming increasingly nervous in case the package goes to a vote and fails.
Stocks snapped four weeks of losses last week on speculation the deteriorating economy would force Congress to reach a compromise on President Barack Obama’s economic stimulus package.