Community Chat

[Mominohio]

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@Anonymous032819 wrote:

I now understand why people threw themselves off of buildings after the great crash in the 1920's.

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Seriously? 

Not me. I have never had nor will I have any intention of killing myself over money. I guess when you live without much of it for long enough, you easily see that life goes on, and happiness abounds in the simple and free things. 

It's not a joy to struggle, especially for long years or as one get's older, but it certainly isn't worth killing oneself over.

[Drythe]

In terms of new COVID infections, as a country we have not yet made it out of Phase 1.

[patbz]

Yesterday's announcement of a projected additional 100,000 deaths sometime in Sept. plus Treasury Sec's comment that he wouldn't close economy again probably is the cause.  The markets are wildly swinging (I'm heavily invested) but I try to remember my Dad's statement "it's only a paper loss unless you sell".

[suzyQ3]

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@Kachina624 wrote:

Has there been some national or world event of which I'm unaware to cause this?

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@Kachina624, this gave me a chuckle, given the world we're now living in.

It's been a wild ride and will likely continue to be so. We didn't panic in the past, and we won't do so now. Given our age, we already have a fairly conservative portfolio but have recently moved more into cash reserves.

[Kachina624]

@suzyQ3    I heard on TV last night that economists think it will take about 13 years for the economy to fully recover.  Of course new disasters could hinder that.

[Anonymous032819]

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@Mominohio wrote:

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@Anonymous032819 wrote:

I now understand why people threw themselves off of buildings after the great crash in the 1920's.

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Seriously? 

Not me. I have never had nor will I have any intention of killing myself over money. I guess when you live without much of it for long enough, you easily see that life goes on, and happiness abounds in the simple and free things. 

It's not a joy to struggle, especially for long years or as one get's older, but it certainly isn't worth killing oneself over.

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@Mominohio 

I'm sorry that you can't empathize with how hopeless the must have felt to make that decision to end their own live.

[suzyQ3]

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@Kachina624 wrote:

@suzyQ3    I heard on TV last night that economists think it will take about 13 years for the economy to fully recover.  Of course new disasters could hinder that.

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@Kachina624, I have not heard predictions of that length. I wonder what went into such a forecast. But really, we do have to take economic crystal balls, for better or for worse, with a gigantic amount of salt.

[tobes]

@Sheila P-Burg Investors selling their winnings from days before pending downturn due to hightened covid numbers

[tobes]

@Kachina624 It looked like covid infection numbers have increased so I think investors sold their stocks before their value decreased.

[suzyQ3]

The whole story about suicides and people jumping out of windows in 1929 is a myth.

Safe link to history.com.