Posted by Mike (WA) on January 15, 2009 at 08:44:44 from (69.10.199.180):
In Reply to: Denial? posted by Spook on January 14, 2009 at 16:48:11:
The only thing you SURELY don't want to do is sell now. There is lots of pent-up demand for investments on the sidelines right now, waiting for the recession to end. I think stocks will recover fairly rapidly when that happens. But the big question is, how do we get out of the recession? For several years, the economy has been based on everyone buying stuff they didn't really need, with money (plastic) they didn't really have. The philosophy changed overnight (in late October), and now everyone is hunkerin' down, leaving us (and China) with a huge overcapacity relative to lowered demand for goods and services. The adujstment is going to be long and painful, I'm afraid.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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