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

Can you say DEPRESSION?

If you want to punish the banks, simply do not use yoru credit card. This is all brought about by us, "We the People" We let our elected officials do whatever they wish, the ONLY time we pay attention is when things go wrong. Where has the outcry been? How long as a people could we go on running up Trillion Dollar Debts? We didn't care because we were living so good, on our governments borrowed money. Those days are over, forever, as our children, grandchildren and GREAT grandchildren pay back the money we borrowed. Americans need to understand, we OWE 50 Trillion Dollars. 40 Trillion or so, of that is owed to OUR Social Security Trust fund, that we allowed our Congress and Senate to borrow (steal?) from over the last 30 years. Hello? Now how do we pay it back?

I'm dollar-cost averaging small-mid cap growth funds now that the fearful have pushed valuations to the lowest levels of all-time! I'll sell and hold cash when the P/E hits 30, not in the mid-single digits.

yes, it is a difficult time, solar credits are in question, loans are tight and people don't have money to burn, guess you just have to wait till spring and hope for the recovery, or is it to late to hope for any?

This is what we deserve, people voted for politicians that wanted low income folks to get home loans. Now the WORLD is paying for this social engineering, and what do you know, we couldn't afford it. I have no idea why the media is absolutely ignoring ANY investigations into Frank, Dodd and Shumer, it is pathetic. To hear politicians blame GWB for this shows how stupid these folks are, psst see who was saying everything was ok and was supposed to be looking over these stupid companies. Which companies? Why Fannie Mae and Freddie! So enjoy America, you wanted it, you got it.

The pro's are saying just go with the flow, don't panic sell, the market will come back (ha ha). That advice is for the little guy/gal. Why then are we seeing giant waves of selling? Because it is the rich that are cashing out leaving main street holding the bag. I got out of this market back in July and thank goodness because I only lost 8K for the year. Anyone near or approaching retirement shouldn't be anywhere near a stock. There are 70 year olds losing their retirement because of this down market, but 70 year olds shouldn't be in the market anyway - period. You can't make laws protecting people from themselves. So the stupid will lose. Sorry folks, that's reality.

the country has gone broke and soon we all will be broke ,soon you will need guns to protect what you have left

the country has gone broke and soon we all will be broke ,soon you will need guns to protect what you have left

the country has gone broke and soon we all will be broke ,soon you will need guns to protect what you have left

Stockbrockers earn their commission on trades and sales. Whether you sell when stocks to up, or you sell after they've dropped in price, they earn their commission. We that actually work for a living and produce products or services not based on "OPM" are the ones left holding the bag. I know brokers that earn millions while they give lousy advice costing customers they're hard earned savings.

dooooooh

Wow, and all because someone bought a house they couldn't afford.

Just can't imagine anyone leaving their money in a bank knowing this. Shame shame shame....

The problem is every election, the public voted for teh same two parties, it's a joke, a show and we all should be ashamed of being so shallow ... there are many options and here is one... www.lp.org/

The US gov't and US Fed are both really stupid. All they need to do is inject the money into US citizens pocket All those cash they inject into the pointless and bottomless US financial market will just be a waste and doesn't help regular US citizen AT ALL. so STOP WASTING MONEY.

Those who have used this last 'run up' in realestate to save and invest and NOT drain thier home equity will reap the rewards of the investing they can do today. There is once in a lifetime opportunity to buy now if you can do it. However, if you, like 80% of americans, are leveraged to your eyeballs in credit cards, car loans, to much home and so on... you are in for a problem. Likely bankruptcy.... This is a great time to be in the 20%. Mike In Oklahoma

The problem with the market is YObama is leading in the polls, and everyone knows he will make business and investors suffer unpreceded tax increases that will throw the country into such a severe depression that future generations will no longer talk about the crash of 1929 but the end of America in 2009!

Does anyone know where the soup kitchen is in St. Louis?

Buy, buy, buy, some select stocks.

I don't see or hear of anybody jumping out of buildings. This is just a farce created by the rich to screw the hardworking, small investor class. We sock our money into 401K's etc only to screwed around by theives. All the big wig execs. from these banks etc should go to jail. They take their bonus and want our tax dollars to bail them and the companies they ran in to the ground out.