Dow was up 270 something yesterday, today it’s up another 146 points so far today. The Dow has been on a bungee. Other stocks are more concerning, especially as my wife’s “secure” stocks dropped about 50K in value. She plans to hang on to them “long term” so probably not too big a problem. It is the “day traders” and “manipulators” who do NOT intend to build business, rather just short term gain, who are the real problem Bernake and others should have the regulations to clamp down on.
@dtroutma – Why not start a market with nothing but long term investors? Maybe only allow buying and selling once every three months. Either that’s a good idea and someone should do it, or “clamping down” on voluntary transactions does more harm than good.
spelvin2002 over 12 years ago
Shoot the messenger
Dtroutma over 12 years ago
Dow was up 270 something yesterday, today it’s up another 146 points so far today. The Dow has been on a bungee. Other stocks are more concerning, especially as my wife’s “secure” stocks dropped about 50K in value. She plans to hang on to them “long term” so probably not too big a problem. It is the “day traders” and “manipulators” who do NOT intend to build business, rather just short term gain, who are the real problem Bernake and others should have the regulations to clamp down on.
wiserd over 12 years ago
@dtroutma – Why not start a market with nothing but long term investors? Maybe only allow buying and selling once every three months. Either that’s a good idea and someone should do it, or “clamping down” on voluntary transactions does more harm than good.