Market Downturn Aug 4 2011

[Tradewinds 12]

“NO! NO! NO!”… “Bear Stearns is not in trouble”…”Don’t move your money from Bear! That’s just silly! Don’t be silly!”

 

A quote from well known stock guru Jim Cramer aired on CNBC days before Bear Stearns lost 90% of its value.

 

NBC had Jim Cramer on the news tonight to explain today's market crash. Tonight Jim Cramer told us all to "Stay the Course" on Nightly NBC news.

 

The investment industry is self-serving, and will never tell you to take your money out. If everyone took their money out, the market would crash. The people with the money took their money out today at the expense of everyone else's retirement account.

[Tradewinds 12]

Another volatile ride today. Aug 5, 2011. Now the blame is on the global economy. When everyone starts blaming the global economy I feel like someone is trying to brainwash me. Sure, it is a global economy, and the world wide economic web has far reaching consequences, but how about taking control of our own destiny, and create an economic reality of our own? Whether it's on the personal level, state level, or nation level.

[Tradewinds 12]

The rich, the super rich, and the big investment companies would like to thank all the regular people for leaving their money in the market while they sell. Thank you. By having the regular people keep their money in their 401K's, it has left enough stability and liquidity in the market for them to be able to exit. Again, thank you.