Have we hit the bottom?

[wbsurfer]

i dont hate on the rich, if they earned it then good for them, and as a student in highschool going to college soon i aspire be one of them, and even the snobby rich people that get everything handed down to them, yes their annoying and ignorant but its not going to affect the amount of money i make or the way i live. i don't think we hit bottom, and i personally from the things i read and taught in my econ class n learning about US history now i think the gov't should leave people alone, cut taxes, and try to get people to spend, not put me in debt for the rest of my life! we need to get the ***** out of wallstreet and reorganize.

and shakagrom and wbsurfer, i think im your age and i disagree, when its over head i feel like i finally get to try moves that i see in movies and stoked that im not surfing thigh high mush and actually do some good size bottom turns. Hannah= ideal conditions because i finally was able to try stuff because it was actually walling up consistantly.

yeah im good in head high stuff as well with bottom turns and what not. but as we live on the east coast we have to be good in the thigh high mush as well . but everyone pray that this spring sends us some good swell.

[windswellsucks]

a little late to this thread... but my $0.02

1) for a good background on the situation and to get a reasonably non-partisan view check out this video: http://www.chrismartenson.com/crashcourse

2) i dont know who else trades on here (i trade futures, f#ck stocks!!!), there is some great insight here: http://www.youtube.com/user/futuresanalysts

3) IMHO the world is at a tipping point. the US is a nation of debt spending, and increasing that debt as we just have will have signicant future repercussions. I cant imagine a scenario in which obama's policies work (and i like the guy!!) but we just have to wait and see. No one can predict the future, and anyone who thinks they know what 'will' happen is an assclown. Its like surfing, you dont know what the wave is going to do the day before you surf. you get out, assess it, catch a wave and react to its behavior. "peasants predict, kings react."

[wontonwonton]

Just my .02

It was the companies giving credit to all these people who werent qualified for loans to buy things (mostly houses) that they couldnt afford.

Jus turn yo swag on.

[wontonwonton]

Ya mean???????????

[LVl<E]

Where i live i have yet to see the impact of our failing economy....ive been fortuante enough to have a really good life and my dad to have a job that although it was expected for his company to lose alot of buisness but his company has actaully been doing better than ever....seems alot of people are investing in industrial reality lately...much of his money that he has saved was not invested in more trustworthy positions than in stocks...it seems that many people have been cutting back on many things they do not need even though many people in my area hav enot lost their jobs or are taking lower pay...it seems they are jsut scared by rumors...also small buisness is always a risk...those buisnesses open and close all the time whether the economy is poor or not

[smack da lip whaaapaaa]

Here's my 3 cents.......... WHERES ALL THE ****ING SOUTH SWELLS THAT WE GOT LAST WINTER??????????

[steelwave42]

Where i live i have yet to see the impact of our failing economy....ive been fortuante enough to have a really good life and my dad to have a job that although it was expected for his company to lose alot of buisness but his company has actaully been doing better than ever....seems alot of people are investing in industrial reality lately...much of his money that he has saved was not invested in more trustworthy positions than in stocks...it seems that many people have been cutting back on many things they do not need even though many people in my area hav enot lost their jobs or are taking lower pay...it seems they are jsut scared by rumors...also small buisness is always a risk...those buisnesses open and close all the time whether the economy is poor or not

bull****. the small buisness I was with when it closed was over 30 years old. your trying to tell me that has nothing to do with the economy? How did it survive for thirty years?

the one I'm with now has been open for 35 and is at it's breaking point. How could they have both survived for so long but suddenly drop off to the point of no profit?

small buisness is a chance to a point, but both who've I've been with has a reputable name, quality product, and regulars..

pay rate has flatlined. Mine. My brother got a paycut, and he works for Budwieser. My sister unemployed, a bunch of friends out of work.

Don't get me wrong it is alot of hype, but it's still happening, to alot of people.