Comments on: The Second Stock Market Crash: February 19-23, 2009

By: Sean

Sean — Sat, 28 Feb 2009 14:16:12 +0000

If you look historically at these types of environments, take the 80s as an example, when larger corporations had issues (banks) — people just jumped overboard. When they landed, however, they still try to make money. The birth of the founding companies of Citigroup happened.

Financial turmoil breeds new companies. As “The Almost Millionaire” said, we need to support these smaller businesses.

Great article — thanks for it!

By: MoneyEnergy

MoneyEnergy — Fri, 27 Feb 2009 04:22:28 +0000

TAM, I know… it’s hard to make a judgment yet about the stimulus. I know where I come down on it theoretically, but we’ll have to see how it actually plays out. I definitely agree that the US needs to update its infrastructure… it’s very sad to compare things like transportation to European countries and Canada. I think the car has come to dominate the US way too much.

By: The Almost Millionaire

The Almost Millionaire — Thu, 26 Feb 2009 13:22:45 +0000

As I’ve said before, I think this “stimulus plan” is kind of a joke. Job #1 needs to be supporting those of us who are willing to go out on a limb, start small businesses that create jobs, and then help those small business grow with good tax policy. But you already know how I feel.
Great post!

By: MoneyEnergy

MoneyEnergy — Tue, 24 Feb 2009 03:48:13 +0000

Jennifer, I agree with that point, and so do many commentators. One doesn’t have to be a laissez-faire capitalist to see that indecision and procrastination on the part of the gov’t mean that it’s going to take longer to evaluate what each company is really worth (and in the case of Bank of America and Citigroup, whether there is even any common stock equity left at all).

Dan, ditto. Though by the sounds of it most individual investors ARE out of the market now, insofar as mutual funds have had to seriously sell off (and if most investors are like my parents, mutual funds might be all they know – unless they’re active investors like you and I who regularly do our own research and make our own trades.

By: Jennifer @ Money Saver 101

Jennifer @ Money Saver 101 — Tue, 24 Feb 2009 00:59:26 +0000

I really think they need to just let the economy hit bottom now so it can start recovering on its own. All these games the government is playing is merely delaying the inevitable.

By: Dan D

Dan D — Tue, 24 Feb 2009 00:30:31 +0000

Are investors scared? Is that why they are pulling out of the stock market? Are investors skeptical of the governments solutions being able to fix the problems?

It seems like the market drop is a response to the government solutions and investors are concerned that too many people are abdicating their responsibility for their actions and begging for the government to fix their problem.

http://www.weeklypoint.com/2009/02/23/dow-just-above-7000/