Comments on: October 2008 – A Month to Forget http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: Stacey http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-376224 Stacey Tue, 04 Nov 2008 23:40:07 +0000 http://allfinancialmatters.com/?p=2926#comment-376224 Guess time will tell this time around. It's not just who is the President; it's also who's in control of the legislative branch. The argument has also been made in the past about a lag factor, ie. the prosperity during the Clinton years had the groundwork laid during Bush Sr's tenure, yada, yada, yada. Guess time will tell this time around. It’s not just who is the President; it’s also who’s in control of the legislative branch. The argument has also been made in the past about a lag factor, ie. the prosperity during the Clinton years had the groundwork laid during Bush Sr’s tenure, yada, yada, yada.

]]> By: daveK http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-376206 daveK Tue, 04 Nov 2008 22:33:00 +0000 http://allfinancialmatters.com/?p=2926#comment-376206 In the last one hundred years, a republican president was in office during three out of four of the worst market meltdowns. The hysteria about democrats ruining the economy is unfounded and historically inaccurate. BTW: I'm not a democrat. In the last one hundred years, a republican president was in office during three out of four of the worst market meltdowns. The hysteria about democrats ruining the economy is unfounded and historically inaccurate.
BTW: I’m not a democrat.

]]> By: Preston http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375983 Preston Tue, 04 Nov 2008 02:16:36 +0000 http://allfinancialmatters.com/?p=2926#comment-375983 I'm around $80k for my family (my wife stays home) between my job and businesses. I must say, looking at the tax system, once you start hitting 100k, you're no better off (IMO) than 80ish until you get to about 150. Also, the areas that pay 150 typically require higher cost of living, or huge time investment (commuting to city). Not worth it. I’m around $80k for my family (my wife stays home) between my job and businesses. I must say, looking at the tax system, once you start hitting 100k, you’re no better off (IMO) than 80ish until you get to about 150. Also, the areas that pay 150 typically require higher cost of living, or huge time investment (commuting to city). Not worth it.

]]> By: Stacey http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375977 Stacey Tue, 04 Nov 2008 02:05:56 +0000 http://allfinancialmatters.com/?p=2926#comment-375977 You're singing to the choir, JLP! I know what "rich" is...always $50K more than where you're currently at!! Guess we'll just have to trust in God, wish our new President the best...and possibly sell any stocks that still have some gains by year-end!! Then we'll start a new underground economy to still be able to afford some extras in life!! :) You’re singing to the choir, JLP! I know what “rich” is…always $50K more than where you’re currently at!!

Guess we’ll just have to trust in God, wish our new President the best…and possibly sell any stocks that still have some gains by year-end!! Then we’ll start a new underground economy to still be able to afford some extras in life!! :)

]]> By: JLP http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375933 JLP Mon, 03 Nov 2008 22:03:46 +0000 http://allfinancialmatters.com/?p=2926#comment-375933 Stacey, Actually, his magic number is a heck of a lot less than $250,000. I have heard rumors of $125,000 to $150,000. We're screwed! Sure, a family making $50,000 per year will think a family making $150,000 per year is rich—but I'm here to tell you it's not. Stacey,

Actually, his magic number is a heck of a lot less than $250,000. I have heard rumors of $125,000 to $150,000. We’re screwed! Sure, a family making $50,000 per year will think a family making $150,000 per year is rich—but I’m here to tell you it’s not.

]]> By: Stacey http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375932 Stacey Mon, 03 Nov 2008 21:57:17 +0000 http://allfinancialmatters.com/?p=2926#comment-375932 But "the One" will solve all our problems...except, of course, for those making more than $250K. Perhaps unemployment will now increase as the 2nd working spouse may realize it just doesn't pay to work anymore in this great country...perhaps many taxpayers would then be eligible to take the child tax credits, etc that get eliminated at higher AGIs... BTW, don't you think his victory is already priced into the market/stocks? Another thought...along the lines of irrational exurberance...perhaps the euphoria of the masses will raise confidence levels, folks will start spending again, and we can all deceive ourselves into thinking things are ok... But “the One” will solve all our problems…except, of course, for those making more than $250K. Perhaps unemployment will now increase as the 2nd working spouse may realize it just doesn’t pay to work anymore in this great country…perhaps many taxpayers would then be eligible to take the child tax credits, etc that get eliminated at higher AGIs…

BTW, don’t you think his victory is already priced into the market/stocks?

Another thought…along the lines of irrational exurberance…perhaps the euphoria of the masses will raise confidence levels, folks will start spending again, and we can all deceive ourselves into thinking things are ok…

]]> By: JLP http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375922 JLP Mon, 03 Nov 2008 20:22:48 +0000 http://allfinancialmatters.com/?p=2926#comment-375922 Jason, We're in a heap of trouble if the dems clean up! Jason,

We’re in a heap of trouble if the dems clean up!

]]> By: Jason http://allfinancialmatters.com/2008/11/03/october-2008-a-month-to-forget/comment-page-1/#comment-375915 Jason Mon, 03 Nov 2008 20:16:09 +0000 http://allfinancialmatters.com/?p=2926#comment-375915 While I'm hoping for an upset tomorrow I'm not expecting it. So how do I go about shorting the market? I fully expect a dramatic drop tomorrow or Wednesday as the One claims his place at the head of the Ship of State. While I’m hoping for an upset tomorrow I’m not expecting it. So how do I go about shorting the market? I fully expect a dramatic drop tomorrow or Wednesday as the One claims his place at the head of the Ship of State.

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