- Joined
- Dec 24, 2005
- Messages
- 1,611
The Sky is Falling...
I also have to vent about the new media is fulling the fire. People should know as many times at the media has cried wolf not to believe half of what they report. We've all ranted about their coverage of steroids. Think back on to 1999... what happened to Y2K?
Recently during hurricane Ike a DJ on the local radio caused a panic over gas. He was reporting lines and pricing going up 50¢ to as much as a $1 more for gas. Needless to say people were lined up at the stations and there were even some fighting over gas by the end of the night. The governor announced that he was lifting the summer restrictions of the type gas that was supplied to the state to help relieve increasing gas prices, but the media didn't cover that... they didn't explain this to people.
The media fueling the fire has caused people to run to their financial institutes and pull their money out of the stock market therefore cause stock to tumble. I'm I just too optimistic here, but there still are some very good companies out there. Yes their earnings might be down, but that is a given when you look at gas prices. These things fluctuate all the time. The stock market has always worked in cycles. I was looking at it as a discount sale on stocks and there were some great buys on some good long term investments.
I also have to vent about the new media is fulling the fire. People should know as many times at the media has cried wolf not to believe half of what they report. We've all ranted about their coverage of steroids. Think back on to 1999... what happened to Y2K?
Recently during hurricane Ike a DJ on the local radio caused a panic over gas. He was reporting lines and pricing going up 50¢ to as much as a $1 more for gas. Needless to say people were lined up at the stations and there were even some fighting over gas by the end of the night. The governor announced that he was lifting the summer restrictions of the type gas that was supplied to the state to help relieve increasing gas prices, but the media didn't cover that... they didn't explain this to people.
The media fueling the fire has caused people to run to their financial institutes and pull their money out of the stock market therefore cause stock to tumble. I'm I just too optimistic here, but there still are some very good companies out there. Yes their earnings might be down, but that is a given when you look at gas prices. These things fluctuate all the time. The stock market has always worked in cycles. I was looking at it as a discount sale on stocks and there were some great buys on some good long term investments.