"Its a shame that the suffering of one is excitement to another, if you stop and think about it all its a really sad time for many folks who may need to sell items they love to simply survive."
...need to sell items they "LOVE" to survive? Oh, boo hoo hoo! Have to sell items they "love". Um, I got news for you, it's been happening since the begging of time!
Well you're entitled to your opinion, obviously. I would beg to differ that people who own luxuries like stereo equipment, and have to sell things off to re-prioritize has been happening for decades! In fact, I'm pretty sure that a huge percentage of the time, if you trade here on Audiogon, you're likely running into situations very often where someone has to bail out off some gear because, yes, they need the money! I've been doing it off and on for almost 20 years now, pesonally. (that is, selling my gear because I needed money)
Anyone else here sell off gear when times get a little tough?...loose a few too many bucks in Vegas?...over extend your purchases more than your means?...yes, even cause your stocks plunged unexpectedly?
Yeah, THAT'S LIFE. Big deal! You move on to the next buck or opportunity. And, in the end, it's all just STUFF! I got news for you.
"Suffering?"...Suffering?! Um, I wouldn't call losing some money, even a lot of money, suffering! That's been happening since the dawn of time! In fact, the ENTIRE STOCK MARKET SYSTEM is made up of people making profits on another's loss! You can't have gains in the market without someone else's loosing money! Sorry, to say, but that's how it works.
If you don't think so, just ask Jim Crammer of Mad Money. In fact, email Suzzie Orman about that, or even having to sell a house for a loss in profit.
My point is is that money goes up and down. Anyone who's ever seen a gallon of gas go from $.99 to $4.50, back down to $1.95 per gallon understands fluctuations in the market! Why is that suffering? Oh, ya mean because you can't go to Disney Land 5 times in one year when gas goes through the roof?! Oh well...
In fact, I'm pretty sure that "a deal is still a deal!"...at least the last time I checked.
And, if someone is rich, and they loose a bunch of money, I garantee they'll likely know how to get it all back plus some more! Um, I think Trump was in the hole something like $1 billion in 1990!...
Quote: "The point is, ladies and gentleman, that greed for lack of a better word is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms greed for life, for money, for love, knowledge has marked the upward surge of mankind.
And greed you mark my words will not only save Teldar Paper, but that other malfunctioning corporation called the USA. (Gordon Geko - Wall Street)