The Coming Stockopalypse

Entranced

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Wednesday January 18, 2012 · 12:45 PM PST

2012/01/18 · 12:45

Hi, Kossacks. I've been thinking about the stock market recently and wanted to get some feedback on my thoughts. I'm not a financial guy, so I've probably made some mistakes. Also I've over simplified things deliberately to keep this shortish.

The housing market collapsed because houses don't go up in value so real estate is a bad place to invest. Stocks as well have a fixed price and are similarly a bad place to invest. In fact, investment itself is a Reaganomics myth. According to Reagan investing money is like a farmer planting seeds into the ground and waiting for it to grow into jobs and money. Our parents taught us money doesn't grow on trees and that was wisdom. On the other hand, they told us also not to believe in monsters but that was lies so we could sleep at night. The Stockopalypse is coming.

RSS