Worse Than '87 Crash: Current Crisis Hitting Main Street Hard

solar stocks tanked.. who whould of thought

What's a peasent like me to do???

Thanks for stating the obvious.

dow will crash to 8,000 i say and also recover will take long time Coporate bonds STAY OUT.. only CASH if any

Come on Tech Ticker drop Matthews. This is threatening your credibility. We rely on you for solid financial news and guidance, not some half wits thoughts. No wonder Wall Street's in trouble if this is the kind of idiot giving investors advice. I'll check you tomorrow and if Matthews is still on I'll drop you from my favorites and add Spunge Bob Square Pants, it will be more informative.

Sometimes we need to endure the storm.......It WILL RECOVER.......NOW..... OKAY.........THE FUND MANAGERS IS NOW BUYING........THEY ARE NOW ADJUSTING THEIR PORFOLIO FOR RECOVEY.......IT NOW TO POSITION THE PORTFOLIO TO ADD TO BUY FOR RECOVERY........

I have never been one that liked Hedge Funds. I found years ago that if you had over 5 years to work buying good stocks and hanging onto them was an advisable idea. However, when your date of retirement came close you transferred your money into accounts that would earn a fixed rate and guarantee some sort of COLA to keep you even with the raise in the cost of living. That maybe the conservative way of looking at things, but it has always proven better then gambling on a hedge fund that may pay a higher rate in the short term, but always seemed to collapse when things got rocky.

YES IT IS WORSE THE 1987 CRUSH BUT WHAT HAPPENED TODAY IS NOW HISTORY.....IT IS ABOUT NOW TO TURN AROUND ....THE FOR SURE.....

I think it is rather interesting to note this is caused mainly by those Ivy League MBA people. Makes one wonder how good these schools really are, especially when it comes to ETHICS. I, for one, think there is very little ethics involved, not only in the schools, but the families in which these people grow up. It's a shame the AG's of the different states can't not only put these guys in jail, but bust them at the same time to live a life of hand to mouth every month like the real people of this country have to do. MOst of these people are hard working, honest, moral folks with ethics.

Itchie - first, buy a dictionary.

I am sick of this doom and gloom. My company is doing great although our growth as slowed.My customers are only down 20% which isnt gloom. We are feeling the effects of the excesses that all americans had in the last 4 years. Guys working in my company making 40k per year living a 100k per year lifestyle it is time to pay the piper thats all. It will pass in 2-3 years. Andrew Leto inc 500 company ceo of GlobalTranz.

Why can't these financial GURUS give us advanced warnings?. Why do they only tell us when we are already fallen in the ditch and even person with low IQ can tell how bad the economy is.

As Cramer said last night, "if you can't eat it, drink it or smoke it, sell it" - food for thought

HUH? WHAT?

"The reckless policy of artificial credit expansion could not have ended in any other way."

We feel your pain, man.

Just wait until the socialist-communist running for president gets elected. The geese laying the golden eggs will be killed. Jimmy Carter will look like a savior next to him. The voters will get what they deserve. What pisses me off is the fact that all of us retired people will get screwed with little opportunity to recover. The socialist-communist do-gooders who implemented the Community Reinvestment Act and Fannie Mae and Feddie Mac have really proven what a socialistic government can do for the citizens!

It is perceived worse now because we got through the other hard times and came out ok. We have not hit rock bottom yet with the current crisis. If OPEC really wanted to stranglehold the world and push it to the point of no return they should cut production of oil to meet demand. After all that is what they do when "demand drops".Funny how they have not done this, or even announced plans yet. Just proves how scared everyone is right now! The economy is like a row of dominos, and the financial meltdown was just the first domino knocked down. It is possible to stop other dominos from falling, but it is unknown at this time just what action is needed to be made.

I got an unsolicited line of credit offer from Bank of American over the weekend. Credit Crisis???

The problem we're having is we are culture that is unwilling (like our government) to pay it's bills... just service the debt. The only fix/bailout would have been to give the taxpayers the 700B - so they can pay their bills!! PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE PAY YOUR BILLS PEOPLE This is the only true way to inject liquidity!!