Willy just can't let some things slide by.
Somewhere Willy read or heard this week that President Obama stated that the stock market was just a mere gage of what was going on and was not really that important in the big picture!(Willy paraphrases)
Well, to Willy and millions of other Americans - it is a gage of whether or not Willy will gets to retire when Willy intends to retire.
When 401K is highly diversified and still has lost thousands of dollars in just a few days of slides of the stock market -- Let Willy say this Mr. President -
HOG WASH!
10-4 -Hillbilly Willy -MR. PRESIDENT
I agree with you Willy. You are right on the money here.
ReplyDeleteHave a terrific day. :)
I guess Willy shouldn't worry about retiring with little money as there's more millions to be made online :)
ReplyDeleteNice blog!
Willy, the President is not exactly being truthful. The stock market is important because many companies own stock, and use it as collateral (assets) for loans to keep their business rolling. As stock price goes down, the assets diminish, and the ability to get financing goes away.
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