by sammielee24 16 Replies latest jw friends
There are people in the investment community who called this whole thing 10-30 years ago. They were a bit early.
After the event, people like so-and-so, and so-and-so come out of the woodwork claiming they knew all along. BULLSHIT!
Try professor Ravi Batra for one.
Warlock
How many people once the market crashed last year, decided to listen to those who said things were going well, have stayed in the market? How many watched their investments go down month after month and yet, still listen to the money guys on television telling them to leave their money in? I know people who have lost 60% of their funds because they believed it would turn around and some won't even look at their statements any longer because they can't deal with it. These are people that should have bailed because unless you have 10-20 years after this mess is cleared up, you won't even break even.
I have watched Suze Orman, I have several of her books. If you had watched her also, you would know that she was encouraging people to stay in the market late last year. It was only after the big crash that she started urging older citizens to reconsider the market. However, she is still encouraging younger investors to ride the storm out.
I disagree with you that the people who lost their money in the stock market should be bailed out. Would YOU bail out a gambler who got taken at a casino?
Those people were gambling with their money in the stock market. They rolled the dice and lost the bet. When you gamble, you shouldn't play more than you can afford to lose. And when you lose, it isn't up to your family to bail you out.
Why you should stop listening to Suze Orman:
As I said - debate as you will about her record - but she at least has the guts to say something. As for it happening way back when - it might have meandered along that path but it went full speed ahead in winter of 1999 and when Bush came in to power, every regulation was ended. You don't need to look any further than the years that wealth not from labour, rose to 400% the highest average. From 2000-2008 things went nuts - it speaks for itself. The years that Bush was in power are the years that greed took over because it could. sammieswife.
(By the way, I put Ramsey in the same category because he sells the same books - they might be on how to get out of debt (common sense) but they still sell someone something they should be able to figure out on their own. . I used to listen to him and don't agree with everything he says but neither do I blindly follow anyone else)
Robdar Wrote: I have watched Suze Orman, I have several of her books. If you had watched her also, you would know that she was encouraging people to stay in the market late last year. It was only after the big crash that she started urging older citizens to reconsider the market. However, she is still encouraging younger investors to ride the storm out.
You're correct.
And she's sth of a fraud: http://www.thebigmoney.com/articles/impressions/2009/02/10/if-you-knew-suze-we-know-suze
sammielee24: here, integrity, Ma'am, appears more more important than guts. It's the same game: she's turnign this to an advantage for herself.
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here, integrity, Ma'am, appears more more important than guts. It's the same game: she's turnign this to an advantage for herself
LOL..if I actually was a fan I might find it offensive but I find the whole idea of integrity rather humorous in this day and age of rip off artists and Wall Street gambling.
Orman is doing nothing different than Hannity, Limbaugh, Ramsey, Cramer - selling herself and her ideas - and as for investments, there are those who also say only buy in if you are young but do buy once the market has flatlined. Not rocket science material there. Cripes..integrity...what's that? Is that what Bush used when he occupied Iraq and lied to do it? Or is that what Madoff used in his rip off scheme to steal the pensions from hard working people. Or how about all the guys getting bonuses that the taxpayer is paying for because they stayed around to do a job - not a good job mind you, just a job. There is little integrity to be found these days in the political arena or Wall Street - Orman is no different than the rest of them but at least she pointed the finger in the right direction.
Why doesn't suzie orman like bush?
I thought she was a rug muncher?
