Purron
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 23, 2007
- Messages
- 5,596
After Bernake's remarks, the market rallied. This confirms my belief we need more confidence from our leaders. I'm not suggesting false optimism, but just some hope this awful financial situation will get better. The market has been very sensitive to remarks from those in power as today displayed. The "doom and gloom" commentaries we have all been inundated with have only made matters worse. If people believe our economy will stay bad or get worse, it becomes a self fulfilling prophesy. Folks are not buying cars, homes, or investing in the market because of fear. The value of just about everything has declined as a result.
I'll admit how fearful I am. Fearful I gave up work too early, fearful our money will not sustain DH and I for the rest of our lives, fearful the whole system will come crashing down on our heads.
"The only thing we have to fear is fear itself"
FDR - March 4, 1933
Stocks jump after Bernanke says recession may end
I'll admit how fearful I am. Fearful I gave up work too early, fearful our money will not sustain DH and I for the rest of our lives, fearful the whole system will come crashing down on our heads.
"The only thing we have to fear is fear itself"
FDR - March 4, 1933
Stocks jump after Bernanke says recession may end