Originally Posted by
Nita
Well i feel like i have just been givwen one uppercut after another. If i had this much success in the music industry id be bigger than the Beatles. (1 hit after another)
On a more serious note, i think there are not too many on this forum that have expereiced what is going on here right now.
comparing '87 to '08 here are the 2 big differences. '87 (although in a global bubble) went WAM overnight like a lead ballon into a pond. The ripple effect kept kept speading for many years later. Now we are seeing the initial impact of the subprime mortgage which started as a small ripple and now looks like a small snowball gathering mass down a mountain.
sorry for being off topic but i think its qute fascinating even if my assets have deminished somewhat.
Always look on the bright side. The Dow is not likely to drop any more than another 9,500 or so points before she bottoms out