re: Obama Tells Wall Street to Worry (Posted on 10/3/13 at 11:11 am to cwill)
quote: Is anyone surprised the markets are falling because of the shut-down?
Not surprised. But do people really understand why stock of private companies would be so affected by the US gov't temporarily shutting down non-essential entities? I think that's where some confusion probably sets in.
Hog on the Hill Arkansas Fan New York, NY Member since Jun 2009 7340 posts Online
re: Obama Tells Wall Street to Worry (Posted on 10/3/13 at 11:48 am to idlewatcher)
quote: If you weren't a selfish prick for wanting this to happen, millions of people wouldn't lose money due to a dictators hurt pride.
I guess you don't get it. People don't lose money unless they sell before this 'crisis' is resolved. The markets aren't going to stay down indefinitely. It would only present a buying opportunity.
Sure, the VALUE of investments would drop, but only temporarily. People would not actually lose money unless they sold stocks while the market was down.
And I have my own investments, which would drop in value like anyone else's investments. But when the market drops, I don't fret. I buy more. The more it drops, the more shares I can buy at a discount. Anyone else can do the same.