We'd ride it out and recover.
"Markets go up, and markets go down." --Ronald Reagan.
It's true. It's obvious. And the only thing that can make a mess of that saying is government intervention.
2007-08-15 12:58:39
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answer #1
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answered by Anonymous
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Nothing much, unless you have ALL your assets in the stock market....and rest assured, there will certainly be "crashes" in the future, but that should not affect anything about the way you plan your future! If the market drops 20% within a few days, people will run around like headless chickens, but if your planning is sound, you should have a stack of cash on hand to BUY quality companies at that time! The market will ALWAYS come back, unless it is the end of civilization as we know it. And if that is the case, then all the gold bullion in Fort Worth is useless even if you have it! You'll need guns, water & canned tuna fish!
2007-08-15 20:49:12
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answer #2
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answered by Anonymous
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Very serious problems, it would take more than 2 years just to get the current level again.
But i think the FED would make their best effort to prevent this, either by lowering the interests rates or by intervining the money markets,
2007-08-15 20:20:57
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answer #3
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answered by Classy 7
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Stock Market will be THE BEST SHOPPING MALL in the world.
2007-08-16 09:25:46
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answer #4
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answered by BigBen 5
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That's why the fed tries to keep things under control by raising and lowering interest rates - so that it doesn't crash.
2007-08-15 19:56:27
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answer #5
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answered by Regina T 4
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Not good, another great depression, and things that are now $5 would be like $150
But in mints (money storage) all over the country, they are holding gold and cash, just in case debit and credit cards stop working
2007-08-15 20:01:54
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answer #6
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answered by Comando 1
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You would make a ton of money (If you hire someone like me as your Portfolio Manager)
If you are not a millionaire then I will help you for FREE.
2007-08-15 20:30:06
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answer #7
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answered by Anonymous
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the buying be goood.
2007-08-15 21:07:49
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answer #8
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answered by Anonymous
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