Let's live a day at a day according to what we can afford. If that means the banks need to write down the value of their portfolios to account for their losses and their stock prices go down, then so be it. Next time, they will have learned their lesson. But all of us shouldn't have to suffer for the mistakes the banks made.
It sounds as if you do not hold shares of banks, mindmeld. I am not taking a jab at you, by any means, but in all the talk about banks on many, many stock threads here, the shareholders of these banks seem to get forgotten in this disaster.
Bank stocks *used* to be blah, boring, gradual share price appreciation with dependable dividend investments. People who got swept up in the internet bubble ear were not bank stock buyers. Banks appealed to the less speculative risk kind of person. Now, banks stocks are being pounded and their shareholders, many of whom have held their shares for years and years and years and have depended on the dividends for income are getting spooked.
My question is: Where does the risk adverse person looking for a boring, gradual price appreciation stock that pays a nice dividend go now? Really, for many investors, especially older ones, the problems facing their 'safe' investments is more than a little stressful.
Lynn |
