5.5% Of Invested Wealth Was Destroyed Today!

PrintSmith wrote:

AspenValley wrote:

Joe wrote: Those pesky rich folk deserve to lose their ill gotten money. This will help correct the wealth distribution inequity, Dems should be happy.

Something tells me some very rich people aren't going to be too happy with the Tea Partiers after this.

The flaw in that logic is that the very rich are blaming the TEA Party for the current situation instead of Democrats who have indebted the nation another $3 Trillion plus interest over the past couple of years keeping public sector union employees on the payroll and making sure they all got their raises. Not likely given that very rich people often also have a better understanding of economics than our current executive and nearly every member of Congress.

And why isn't anyone asking the question. WHO hires a guy for Treasury Secretary who can't even pay his taxes? Another in just a long line of extremely poor judgement and decisions on Obama's part. And now the tax cheat whines becuase he can't make others pay more!

This is all we need is another market thread. LOL

LadyJazzer wrote: We should call up Paris Hilton and get her take on it, since she is presumably so much smarter...

You're right LJ, Paris Hilton might indeed be dumb enough to be blaming the TEA Party. Didn't think about it in that context. Thanks for pointing that out. :thumbsup:

Isn't anybody happy that wealth was destroyed and we are all now more equally miserable?

Look at it this way, dividend yields are up, and your 401K contributions will buy more shares. Its win/win!

I think Donald Trump should be Treasury Secretary...

http://politicalticker.blogs.cnn.com/20 ... secretary/

The only wealth destroyed today was anyone stupid enough to panic sell. Anyone that panics souldn't be in the market in the first place.

chickaree, stop screwing up the thread with facts...

HEARTLESS wrote: Smarter than Odumbo? Without a doubt.

This thing you have about "pretending" not to know who is being referred to and "cleverly" (not) turning it around to someone else stopped being funny about 50 times ago.

Just thought I'd let you know, on the same principle that I'd do you the favor of mentioning it if you had spinach caught in your teeth or some annoying habit like unconsciously cracking your knuckles.

AV, when you are dealing with neanderthals it does no good to point out that their knuckles are dragging on the ground.

Love this video and her message. She has amazing talent!

[youtube:1xjwq811][/youtube:1xjwq811]