Be Careful What and Who You Listen To

Just because famous people speak, doesn't mean they know what they're talking about. Here are some famous quotes made during the stock plunge of the Great Depression. The peak of the Dow was around 400 and it ended up losing 90% down to 40. The quotes are flagged as to when they were said during the decline.

http://www.iamthewitness.com/doc/1927-1933.Chart.of.Pompous.Prognosticators.htm

===
Here is a piece of a story I was reading online today. I'm not completely cold hearted, really. No laughing, it's true.

But... here's a 63 year old retired person who did everything right, saved up his million dollar nest egg, enjoying his relaxed life but he kept it all in the stock market and then blames the government? Come on people, where is the personal responsibility???

"Peter Fay, like many of The Unretired, feels angry and betrayed. The 63-year-old built up a $1 million retirement account as an executive at companies including Chiquita Brands International and then at his own high-end flooring company in Scottsdale, Ariz. But with all his money in stocks, he's lost 50% of that this year, at the same time that his house has tumbled in value. He's drawing down his savings and applying for jobs at Lowe's, Home Depot, and Costco. "All the systems we grew up trusting during all those years of work—you save your money, you trust in the government—are no longer valid," he says."

===

And while I'm talking about personal responsibility, if the gov't tries to bail out the stupid people that bought houses they shouldn't have and couldn't afford I'm going to raise hell. I bought a house 5 years ago. I could have gotten approved for one worth twice as much as the one I bought, but I knew what I could comfortably afford. If the gov't does something to reward the ones that didn't do the "logical thing" I'm going to be irate.