Our financial system is crumbling this week.

[AWvsCBsteeeerike3]

i started selling my blood and eggs.

I started replying to those messages from Nigerian bankers.

I quit sleeping.

A bunch of comedians you all are

BTW, I've heard it's more profitable to carry eggs than to sell them.

[G. Keenan]

The upside of this meltdown is that people who are still a good ways away from retirement or don't have short term needs for large amounts of cash can make a killing in the long term. The market hasn't bottomed out yet and already stocks of companies that are in no danger of going under are approaching bargain levels. They're only going to go lower. In ten years time people who bought at the bottom could be really sitting pretty.

[sighyoung]

i started selling my blood and eggs.

Well, at least the Mexican restaurant near your home has access to capital.

[Diddy]

Have you all started doing anything differently these past couple weeks?

I bought a tire pressure gauge

[haltz]

i started selling my blood and eggs.

Well, at least the Mexican restaurant near your home has access to capital.

kscardsfan already bought it all.

I quit my job.

[Radbird]

Have you all started doing anything differently these past couple weeks?

I cut a big hole in my mattress.

[Arthur Dent]

Good article on the budget impact of the crisis:

http://www.nytimes.com/2008/10/08/busin ... hardt.html

In the medium term, it's the economic crisis itself and not bailouts that will cost us money, and in the longer term, it's the exploding cost of health care.

[Gashouse]

Have you all started doing anything differently these past couple weeks?

I increased my 401(k) and IRA contributions.

[docellis]

The upside of this meltdown is that people who are still a good ways away from retirement or don't have short term needs for large amounts of cash can make a killing in the long term. The market hasn't bottomed out yet and already stocks of companies that are in no danger of going under are approaching bargain levels. They're only going to go lower. In ten years time people who bought at the bottom could be really sitting pretty.

everyone keeps saying this and of course, this is what we want to hear...but...this can't be a sure thing...it has to be possible that the market doesn't do that, right?

[cardinalkarp]

The upside of this meltdown is that people who are still a good ways away from retirement or don't have short term needs for large amounts of cash can make a killing in the long term. The market hasn't bottomed out yet and already stocks of companies that are in no danger of going under are approaching bargain levels. They're only going to go lower. In ten years time people who bought at the bottom could be really sitting pretty.

everyone keeps saying this and of course, this is what we want to hear...but...this can't be a sure thing...it has to be possible that the market doesn't do that, right?

I don't understand that either. After this meltdown of the economy isn't it possible for it to just level off and stay where its at for the forseeable future (or hell, go down even further at a later time after another disaster)?