[quote=patientrenter]I work in the financial services industry, and much of my savings are invested in stocks, but this is thrilling.
For years, I’ve watched as people lived way beyond their means, based on borrowing and/or increasing asset prices. I saved at least 50% of my pay, and did not consider that to be extreme, but few others saved more than 20%, if that. I felt that I was an outcast, a nut. Now I am getting tremendous satisfaction from not being a complete idiot. Of course, I am personally much less well off, but I feel better poorer and grounded than well-off and a nut.
Anyone else out there in the same boat?[/quote]
When everyone’s poor, everyone’s happy, except the lesser poor guy gets beaten up if he acts like a jackass.
Those making a killing shorting the market or really aren’t strained in this market…Don’t talk about to much where j6p strangers might hear….You might find yourself down a ditch. Several people are taking this way to seriously.
I was in a store the other day with a coworker (fresh college grad). He asked me what i thought about the economy about the bailout. I said it was ridiculous, and that it’s not gonna help, and RE was going to continue to come crashing down, but that in the long run that’s a good thing because housing will be more affordable for both first time buyers like him and as investments for middle aged people like me. Someone waiting in line apparently got pissed said in a hostile way to the extent “you think this is funny you (expletive) ?”
Enough said. Watch your mouth people, you have a lot of people in a really pissed off mood who are more seriously in deep sh!t.
