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To: octavian who wrote (42585)	2/9/2009 10:37:40 PM
From: Skeeter Bug	1 Recommendation Read Replies (1) \| Respond to of 42834

octavian, greed was a major source of the stupidity and irrational stuff people were doing - that's exactly right. funny how fear makes one much more rational. ;-) most folks think this is just another recession. way back when the first bailout was being discussed, one guy told me how he made a bunch of money off the banks. i told him to watch it close and sell quickly. he said he wasn't worried - stocks always rebound. now he won't look me in the eye when i walk past him and i saw him on the phone looking stressed. it's bad enough to lose all one's money, but it is apparently worse when someone you know tells you to be careful so you don't lose all your money, you reject the advice and then lose all your money within a couple months. the game has fundamentally changed. the S&P at 450+/- is a very reasonable outcome in 2009.

To: octavian who wrote (42585)	2/16/2009 4:03:47 AM
From: Skeeter Bug	Read Replies (2) \| Respond to of 42834

octavian, i have a question for you given that you are under the ipression you've made money over the last 11 years you've been following "da brink." from 1998 until now, the s&p has actually dropped in value. in fact, the s&p 500 has been killed over the last 11 years. factoring in 3% inflation, the s&p at 800 in 1998 is equivalent to about s&p 1150 today. that means the s&p is actually down 350 points in terms of purchasing power - or over 25%. have you covered the inflation nut during that time or do you pretend inflation doesn't exist? either you have 40% more money now than you did in 1998 (assuming no future investments or withdrawals) or you are down in terms of real purchasing power. now you can begin to see why people are so pained by the financial collapse and bear market biting into and destroying their imaginary wealth right before their eyes.