Let's Talk About Our Feelings!!! Message Board

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Pastimes : Let's Talk About Our Feelings!!!

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To: Neocon who wrote (73772)	2/2/2000 11:16:00 PM
From: MSB	Read Replies (1) of 108807

Those look like some pretty good reasons. I have a feeling the first reason, credit cards, explains much of the problem although it doesn't seem to be much of a problem....yet. Many of those who have benefitted from the stock market I would think are/were those who have and perhaps currently have a good saving's discipline. Wealth to many has come by doggedly putting money in mutual funds instead of or in addition to a savings account, or buying and accumulating stocks with good fundamental growth records. But somewhere down the road, I'm betting the other shoe is going to drop. At some point, analysts (or would it be economists?) are going to be correct in their prediction that the market's seering performance will be reduced to a meager 8 to 10 percent. Once a pattern of spending beyond one's means has been well established, personal financial difficulties are going to be a plenty, imo. I'd even expect at some point someone will undoubtedly proclaim, "Thank God that idea of putting one's social security taxes in the market didn't come to pass!" Just my opinion of course.

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