Comments on: Is the Panic Overblown? http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/ Fri, 20 Nov 2009 19:57:36 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: funtobegranny http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/comment-page-2/#comment-4371 funtobegranny Wed, 15 Oct 2008 17:49:46 +0000 http://emac.blogs.foxbusiness.com/?p=199#comment-4371 What would happen if that $700B dollars was used directly to pay mortgages and credit cards off instead of giving the money to the lending companies? Look at all the money that would be available to boost the economy! What would happen if that $700B dollars was used directly to pay mortgages and credit cards off instead of giving the money to the lending companies? Look at all the money that would be available to boost the economy!

]]> By: Kerrie http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/comment-page-2/#comment-4193 Kerrie Fri, 10 Oct 2008 00:49:13 +0000 http://emac.blogs.foxbusiness.com/?p=199#comment-4193 Dear Walter Olson, I've always been too ignorant to understand the stock market, and I'm probably too ignorant to understand your Elliott Wave folks in George; but I did look up the web site and am not to ignorant to understand everyone is patting themselves on the back about how right they've been all along. I don't see any compassion. I don't see anyone helping. I'm a disabled person on Social Security, barely making it. My husband lost his job a year ago and has yet to find another one. I've been in a panic for a year, worried about so many things, and now all this is happening. I'm very, very frightened. There was one solution offered on the website: to buy -- buy Robert Prechter's book, subscribe to the newsletter (not free, probably not for dummies). It's probably too late, and I don't have the money anyway. Dear Walter Olson, I’ve always been too ignorant to understand the stock market, and I’m probably too ignorant to understand your Elliott Wave folks in George; but I did look up the web site and am not to ignorant to understand everyone is patting themselves on the back about how right they’ve been all along. I don’t see any compassion. I don’t see anyone helping. I’m a disabled person on Social Security, barely making it. My husband lost his job a year ago and has yet to find another one. I’ve been in a panic for a year, worried about so many things, and now all this is happening. I’m very, very frightened. There was one solution offered on the website: to buy — buy Robert Prechter’s book, subscribe to the newsletter (not free, probably not for dummies). It’s probably too late, and I don’t have the money anyway.

]]> By: Walter Olson http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/comment-page-2/#comment-4159 Walter Olson Thu, 09 Oct 2008 19:05:06 +0000 http://emac.blogs.foxbusiness.com/?p=199#comment-4159 Elizabeth, My view is that you are hopelessly naive about the enormous economic situation right in front of us. I would respectfully suggest that you familiarize yourself with the writings of Robert Prechter and the Elliott Wave folks in Georgia. We are about to be caught in a wave based on something very deep in all of us including you. Please turn off the TV and the laptop and start trying to understand the situation. Thank you. Walter Olson Wethersfield, CT October 9, 2008, 3:10 pm EDT Elizabeth,

My view is that you are hopelessly naive about the enormous economic situation right in front of us. I would respectfully suggest that you familiarize yourself with the writings of Robert Prechter and the Elliott Wave folks in Georgia. We are about to be caught in a wave based on something very deep in all of us including you.

Please turn off the TV and the laptop and start trying to understand the situation.

Thank you.

Walter Olson
Wethersfield, CT

October 9, 2008, 3:10 pm EDT

]]> By: James Travis http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/comment-page-2/#comment-4127 James Travis Thu, 09 Oct 2008 16:29:44 +0000 http://emac.blogs.foxbusiness.com/?p=199#comment-4127 Friends Excuse me -- just buying the toxic loans leaves people like me who only bought what we could afford with no equity (the equity represented by the downpayment) in a unfair situation. The folks who walked away will now be able to get a mortgage and buy one of the foreclosed houses at the new depressed price, with a 5.25% loan, while I am stuck with the old price, a higher loan rate, and stuck paying the taxes to pay for these foreclosed buyers new 5.25% loans. Friends

Excuse me — just buying the toxic loans leaves people like me who only bought what we could afford with no equity (the equity represented by the downpayment) in a unfair situation. The folks who walked away will now be able to get a mortgage and buy one of the foreclosed houses at the new depressed price, with a 5.25% loan, while I am stuck with the old price, a higher loan rate, and stuck paying the taxes to pay for these foreclosed buyers new 5.25% loans.

]]> By: Cats http://emac.blogs.foxbusiness.com/2008/10/08/is-the-panic-overblown/comment-page-2/#comment-4090 Cats Thu, 09 Oct 2008 13:26:22 +0000 http://emac.blogs.foxbusiness.com/?p=199#comment-4090 Is the "panic" overblown? Probably; to some extent all panics at some point become overblown and that's usually where new bull markets begin. Is the “panic” overblown? Probably; to some extent all panics at some point become overblown and that’s usually where new bull markets begin.

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