Bzzzzt. Wrong.

Smith & Wesson is up more than 150% since November.

http://www.marketwatch.com/tools/quotes/intchart.asp?symb=SWHC&sid=1072838&dist=TQP_chart_date&freq=1&time=7

Of course, whether that's "good" news or not is a matter of opinion. Or party lines.

You're doing a heck of a job Barry.

I was thinking I wasn't going to be able to retire in 30 years, because I hadn't started investing young enough, but now that the market is tanked, there are some real BARGAINS out there.

As soon as this turns around, I'm going to make a FORTUNE!

What's is there to complain about, anyway? If you're getting ready to retire NOW, *surely* you were smart enough to move your overinflated stock equity into more stable investments over the past few years.

I'm thinking I'll skip watching CNN tonight. It will be calls for more action from the administration, who can't really do anything about a crowd of idiot investors who've recently become impotent.

Meh. I foresaw all of this years ago so I put my whole 401k into a steady income fund in early 2007. Now it's still all there, waiting for an opening -- or for an early withdrawal should things really go south like it is in Venezuala:

http://www.telegraph.co.uk/news/worldnews/southamerica/venezuela/4938993/Venezuelas-Hugo-Chavez-tightens-state-control-of-food-amid-rocketing-inflation-and-food-shortages.html

Viva el Socialismo !!!!

What shocks me is that traders are still showing surprise when bad news comes out. They still don't get it.

Flash! Program selling, short sellers and hedge funds betting on corporate bankruptcies, bringing down whole U.S. market in bid to make a fast buck!

Why make anything real when you can shave a cent or two, and maybe make in the millions? Why have dowdy savings account when you can bet on failure! And make millions!

Come one, come all, under the big top, shake hands with the one-armed bandit, watch the open outcry, remove all value from corporations who's only asset is their ... stock price!

Stock traders rule! The market decides value. The invisible hand is picking your pocket.

Until someone pulls the plug.

Andrew,

I'm wondering whether you think there is any reason to keep pumping money into GM. I realize that a lot of workers and secondary manufacturing will suffer terribly for the end of the company, but given the amount of money that's already gone down the worm hole, does it make any sense to keep going?

http://www.thedailyshow.com/

At least we know where yeahrightsurefauxnewssaidduh gets his talking points. To the idiot mobile!!!

I heart Jon Stewart - he puts all the MSM and Faux News stupidity out in all its unwashed glory.

The Borgen Project has some good info on the cost of addressing global poverty.

$30 billion: Annual shortfall to end world hunger.

$550 billion: U.S. Defense budget

Bear markets are not a bad thing. The tend to shave the speculator. That's always a good thing. In the mean time those of us in the market for the long haul are buying at unreasonably low rates. I'm still mostly in large cap grownth funds, myself. I don't need to worry about cashing out until some time in the 2020's.

I'm one hell of a lot more concerned about the job market than the stock market. So should Obama be. And if he's still even paying attention to what Faux News or CNBC is doing to try to blame the last 14 years of piss poor policy on him, then I'm disappointed.

Interesting what I heard on the radio today on the way down...

Jim Cramer, the investment guy, was was sharing his thoughts about Obama and the stock market crash.

He is a lifelong Democrat and voted for Obama but now he is very sorry. He thought Obama was moderate but he feels he's pushing too much at the wrong time and not putting the energy into the right places for jobs and investment. He feels he's the worst wealth destroying President he has seen in his lifetime. He sounded very uneasy, panicky and angry while communicating this.

He has always been a non tax kind, job stimulating type of Democrat. He thought Obama would be, too, with his team, but feels he is not anymore.

He said "I am a stock guy...but I am telling everyone CD's and Gold. I've never said buy gold in my entire life"!!!

He feels Obama is flippant about the stock market just calling them fluctuation. He says it isn't fluctuating, it's going down. Maybe a couple of up days but it's gone down, outrageously so.

Feels that depression could be thwarted via the right choices but does not feel Obama's administration is making those choices.

He totally supports health care reform but says now is not the time. He feels getting people working and investments healthy FIRST is important. It's too much for the economy to bear now to take it on all now. Not until we "have our footing and are feeling rich".

Many others who cheered Obama are sorry, too. Like Maureen Dowd.

Anyway, I hope the administration listens to those who know how to really stimulate the economy. I just thought it was interesting what he said.

I would not pay too much attention to anyuthing Jim Cramer says. It has been proven that his sucess with picking stocks is about %50 - a coin flip, in other words. Recently, he has also been drastically wrong about the price movements and business conditions of several big companies.

Just because he has a TV show doesn't mean he knows what he's talking about. My advice would be listen to him for a laugh, but don't take anything he says seriously...!

Oh for God's sake! Are you REALLY telling is that you think Jim Cramer is the sane voice in this? That HE knows what would help the economy? Did you not see the video of John Stewart toasting and roasting Cramer by showing video from his show where he tells us that he is certain that Bear Sterns is "fine" and is "not going under" on March 11th when it went under 6 days later.

Here is the original video:

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

Watch this and THEN tell me that Jim Cramer should be the voice of reason on this issue.