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October 2008: Worst Month in 21 Years

Tsp, etc

Manager
USDA
Thu Nov 6, 2008 1:18 PM

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To all of your whiners and complainers against 'socialist' - ok - go to work for the private sector, give up your pension for life, give up your health insurance for life, let the market determine your salary and whether you receive an annual pay raise or cost of living adjustment when you retire. I am constantly amazed at the carping and complaining by government employees submitting comments on this web site. If the government and its benefits is to bad, and the private sector so great, go get a job there. We are all Americans and should wish the new President well. I didn't agree with Mr. Bush on much, but I never wished him ill. There is much blame to go around for the current financial crises. The problem is Mr. Obabma is now burdened with implementing policies to rectify the situation. He needs our help, and we should pressure Congress wo work in a bi-partisan manner to solve our problems. The attitude many of you show is why we are in such a mess.

Re: Tsp, etc

Programmer
TSO
Thu Nov 6, 2008 5:40 PM
The USDA Manager is inferring that going to work in the private sector and having the competitive market determine your retirement and employment well being is a bad thing. That is a typical socialist perspective. Whether that perspective is a positive or a negative is a personal judgement.

Brilliant

Technician
FAA
Fri Nov 7, 2008 12:03 AM

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Did you notice that every time you try to convince people to stay in or to stop trying to time the market, the market goes down? What's in it for you?

Re: Brilliant

HR Specialist
USDA
Fri Nov 7, 2008 7:47 AM
I am always amazed at people who are like to tout their own brilliance by taking shots at someone else. I have enjoyed the TSP articles on this site. They are well-written and do not assume too much knowledge on the part of the readers. From the articles I have seen, the author does not, unlike this individual, pretend to have the ability to foresee the future direction of the market.

Perhaps the FAA tech, who is apparently comfortable with his considerable expertise in predicting future market direction, would care to share with others how he came about this gift that no one else seems to have? Or, perhaps, he just likes to whine and make spiteful comments because on one else has been able to tell him what the future brings tomorrow or next week in the stock market. I can't help but wonder what is going on the the thought processes of people who like to complain so much.

Re: Brilliant

Analyst
dod
Fri Nov 7, 2008 5:16 PM
Technician - the market doesn't go down every time somebody is convincing somebody not to time the market so the basic premise of your question is not valid.

Re: Brilliant

observer
DoD
Fri Nov 14, 2008 12:53 AM
People need you to stay in the market so that they can keep their jobs, short the market and make a fortune at your expense.

Markets

Fed Worker
DOD
Mon Nov 10, 2008 6:12 AM

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This market has to rebound at some point. If it goes below the point of the p/e ratios investors will buy back in. The 1990's Tech boom based on speculation and greed that showed to be a hollow base and less substance. The Subprime mess has more to do with greedy banks, and the use of derivatives. The Fed leaving money too cheap for too long did not help. The Chinese economy is predicated on us spending our money and using our credit to buy what we needed and wanted at Walmart. They are having to bail out their own new economic woes. Many of our service jobs have been outsourced to India and the trend continues. If one eliminates decent income producing jobs, and continues to try to sell in that same market eventually there will be a shrinking effect. Hence, the lower p/e ratio, hence a lower market. That is why the bulk of my money is in the G fund, and new contributions are going in the C/I funds respectively.

TSP in October

Retired government employee
Treasury Dept.
Thu Nov 20, 2008 9:13 PM

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Greedy company bosses and the war in Iraq are the main reasons this economy is in a recession. Large companies that help thrive the economy had no regulations and bosses got greedy and next thing we knew people started losing jobs, homes, and investments. Gas prices skyrocked. All this greed and wars were created in the last eight years. Hopefully, Obama will work dilligently to get this economy out of this recession. I believe Obama will do just that.

Re: TSP in October

Analyst
dod
Tue Dec 2, 2008 6:35 PM
Wars are expensive, you're correct about that but you're wrong about what the primary cause of this economic crisis is. The mortage industry collapse led to a collapse in the credit market, that led to the economic collapse we're in today.

Congress was warned by the Bush administration over and over during the past 8 years that they better get control over this situation, congress failed to act despite these warnings and that's why we're where we are today.
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