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November 2008 Archives

Democrats are good for the market?

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north
I guess nobody is surprised that Obama won the election. Everyone is going to win this bet. Everyone knew that who is going to win and could not get this over with quickly enough. Finally this is the day that the market can start move based on fundamental again. Democrats definitely can do a good job helping the poor. Hopefully they can stop those foreclosures and put our economics back on track again.

Wednesday November 05, 2008 : 01:57 AM

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Should I continue to contribute to my 401K?

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Holmium
In the past, I always contribute the maximum allowed amount to my 401K account. I am so happy with the fees all the funds charge. But the tax benefit out-weigh it. The other day, I heard a horrible rumor that some kind of proposal floating around that suggests the government confiscate all individual's 401K accounts to put under social security's control. My guess is that this will never happen. But this still make me re-consider my whole view of the retirement accounts. I guess I'd better only contribute the bare minimum to just get my employer's matching amount.

Thursday November 13, 2008 : 02:53 PM

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Greedy

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In this challenging economic environment, there are a lot of layoffs in all sorts of companies. It is understandable that the employers want to save money. But on the other side of the coin, I really don't see any loyalty/sympathy the employers show to their employees. More and more employers treat their employees just as a number. Every year, regardless it is a bad year or it is a good year, holiday season is also a layoff season. While some executives get their big bonus check, other working people get their pink slips.

Monday November 17, 2008 : 06:28 PM

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The biggest scam

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Probe
Recently I came up with a delusion that the whole stock market might be the biggest scam ever. The Wall Street traders promote all thest things called "stocks" that you can not see and can not feel. Millions of dollars continue to pour into this giant hole. In the meantime, these bankers retrieve their millions of dollars from this giant "market" every year. Now, people stops to put money into this "market" and the "market" claps.

Friday November 21, 2008 : 01:27 PM

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Too easy

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12558L
Previously we bailed out AIG. Now we bailed out Citi Group. We probably are going to bail out the big three in Detroit too. This country is such a generous place that we really don't need to worry about anything. We can always go ahead to borrow and borrow, spend and spend. In the end, somebody else is going to clean up the mess. I absolutely love this place.

Monday November 24, 2008 : 07:04 PM

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