It will be interesting what is said at the debates tonight.
But the stock market needs to be changed. I'm sorry, but WaMu (and others) either should have been going down steadily for years, or there is nothing wrong with their business, it's just everyone panicked and once investors saw that it was going down, sold what they had. Then made some easy money guessing it was going to go down more.
Along that line, how many employees in the company do you think sold out of their 401k, company stock purchase plan, etc... There needs to be a bigger investment from long-term investors who it isn't in their best interest to sell. Or stock values shouldn't be determined by what the most recent guy who wants to buy or sell a stock wants....(I know how it could be done, but I'll use it in my platform for my run for congress in a few years)
Last edited by ASU2003; 09-26-2008 at 03:51 PM..
|