Tuesday, February 24, 2009

Stocks dip, badly

Now, I just wanna point out to my new readers that I’m not a Socialist, I just have Socialist tendencies. And those points of views usually come out when I read dumb shit like the Dow and S&P are at lows not seen since 97. The stock market is one of the few things that is controlled by the individual rather than a corporation. Stocks don’t increase in price due to the fact a CEO is tryin to boost his/her profits (not legally). Stocks go up when people have faith and invest their money, and go down when people start selling them off (for the most part). So that means the only reason the indexes are fallin is because people are getting scared and sellin off their stocks. Why? Beats me. Because of their capitalist mentality which is “I need to get MY money out of the market to save MY ass. Fuck what everyone else is doing.” When enough individuals think like that, you get the aforementioned scenario (oohhh, “aforementioned”. The Rant also prepares kids for SATs). What would be better is if everyone did their part and kept their faith in the economy and help strengthen it rather than weaken it. Maybe we are gonna be bought out by China and I missed the memo.
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