It's time to panic

[Tinkerbellcrafter]

I agree, go forth calmly, don't make any sudden moves and ignore the so called "experts" that are just competing against each other.

Also, we just paid $3.47/gallon and the tank fill up is still $80.00....where are those lower gas prices?

We are also facing additional taxes here in the lovely state of New York to help off set all of those Wall Street issues. Hmmmmm..........

 

[vandy]

The problem with decreased park crowds/attendance is that, while it will be nice for those of us who don't want to wait in line as long, it will negatively affect the Walt Disney company, which isn't good in the long run.

I do think that we will see a decrease in crowds/attendance, particularly if the economy doesn't pick up in 2009. If things do stay bad, however, expect to see more limited hours for certain attractions/areas of the park, CMs being laid off, services being cut/limited and plans for new attractions put on the shelf for a while.

That is what I meant when I stated that a downturn in attendance would have it's effects on us. Disney will do just as you stated. Unless things really change, I can see Disney holding off on some of their plans for a little while, no matter what the attendance is. I guess I am more of an optimist and want to find some good in any situation. If the economy and credit crunch for businesses is going to have any affect, and if attendance does go down, I do see shorter lines as a good thing for those who do go to the parks. I am not in a panic or worried mood. I have concerns of course, but I can only do so much for my situation and I must not get too worked up over what I cannot change. If attendance is down, I look for the bright side such as shorter lines. If projects such as the treehouses are delayed, then I enjoy the other rooms at SSR.

Oh and by the way...$2.91/gallon of gas in central Iowa for ethynol blend, $2.99 for regular unleaded.

 

[jamstew]

This is a market correction in the housing and credit markets. it is much worse that is should have been due to the GSEs involvment in the sub primie mortgage craze.

It will get better if we don't try to mess it up more by additional market intervention. It's gonna be painful for some but we will get through it if we all don't "panic".

By the way, it is in an election year, so everything is "amplified" in terms of crisis level one way or another. I'll bet you a churro that after Nov, no matter who wins, things will suddenly not seem so bad to the media.

Also, be ware of "experts" in the news, especially financial/economic "experts". If you look at almost EVERY financial headline or story it includes the statement that whatever they are reporting was more/or less than experts predicted or more/less than experts expected. In other words, no matter what happens, their "experts" are always surprised. I think they need new experts.

Also, in the 70's, many "experts" predicted the coming ice age withing 20 years. They gave up on that and now we have "experts" telling us about global warming. However, we are now seeing a cooling trend the last few years with some record lows recently so i guess we'll be back to Global Ice Age soon.

Anyway, beware the "experts" in the media. it's all scripted with an agenda.

Absolutely 100% right on

 

[bonnielynn]

It is what it is, things are what they are. Have faith, don't panic, after all it's only money, not HEALTH. I'm going to enjoy whatever I can while I'm young enough and healthy enough, what the future holds is not in my control - never was......

You are beyond correct!!

 

[PutnamDS]

This is a market correction in the housing and credit markets. it is much worse that is should have been due to the GSEs involvment in the sub primie mortgage craze.

It will get better if we don't try to mess it up more by additional market intervention. It's gonna be painful for some but we will get through it if we all don't "panic".

By the way, it is in an election year, so everything is "amplified" in terms of crisis level one way or another. I'll bet you a churro that after Nov, no matter who wins, things will suddenly not seem so bad to the media.

Also, be ware of "experts" in the news, especially financial/economic "experts". If you look at almost EVERY financial headline or story it includes the statement that whatever they are reporting was more/or less than experts predicted or more/less than experts expected. In other words, no matter what happens, their "experts" are always surprised. I think they need new experts.

Also, in the 70's, many "experts" predicted the coming ice age withing 20 years. They gave up on that and now we have "experts" telling us about global warming. However, we are now seeing a cooling trend the last few years with some record lows recently so i guess we'll be back to Global Ice Age soon.

Anyway, beware the "experts" in the media. it's all scripted with an agenda.

Now there are some wise words! Very nicely said.

Deb

 

[itsreally4mommy]

I agree, panic sells in the media world. I also think that the key to a true turnaround is to take responsibility ourselves. Enough blaming and enough putting all our hope on someone to swoop in and rescue us. As Dave Ramsey would say, act your wage.

 

[theoarn]

I agree, go forth calmly, don't make any sudden moves and ignore the so called "experts" that are just competing against each other.

Also, we just paid $3.47/gallon and the tank fill up is still $80.00....where are those lower gas prices?

We are also facing additional taxes here in the lovely state of New York to help off set all of those Wall Street issues. Hmmmmm..........

I just paid 2.97 today on the way home from work. Maybe you need to shop around for better prices.. I also drove past a station today that had gas for $3.36. Yep just drove on by....didn't stop there....payed them no mind....took my business elsewhere.....refused to spend a penny at those places....ignored them like they weren't there.

Also I had 311 miles on the trip-0-meter of the old Element and put in 11.9 gallons. If you go easy on the pedal you can go a lot farther without stopping.

 

[kerickson]

How did these comedians see it coming in 2007 when financial reporters did not?
http://www.brasschecktv.com/page/187.html

 

[mgilmer]

I sold all my vital organs this morning, before the bottom dropped out of that market!

My bottom is the only vital organ I have left I can depend on and it is getting cranky.

 

[Tinkerbellcrafter]

I just paid 2.97 today on the way home from work. Maybe you need to shop around for better prices.. I also drove past a station today that had gas for $3.36. Yep just drove on by....didn't stop there....payed them no mind....took my business elsewhere.....refused to spend a penny at those places....ignored them like they weren't there.

Also I had 311 miles on the trip-0-meter of the old Element and put in 11.9 gallons. If you go easy on the pedal you can go a lot farther without stopping.

Hey, where are you in New York? We are Binghamton area. I haven't seen any cheaper....

 

[Flyerfan]

I have the reason behind all the problems and a way to solve them. The last time the stock market was below 10,000 was Oct 29, 2004. And what happened that month. The Boston Red Sox won the World Series. And what just happened? The Red Sox won their Division Series and the stock market plummeted. So how do we fix it? Root AGAINST the Red Sox!!!! Its all their fault!!!!!

Do I have to add that I am a die hard Yankee fan? Even though we are at home watching the playoffs.....

GO PHILLIES!!!!!

 

[BelleOfAlaska]

I agree, go forth calmly, don't make any sudden moves and ignore the so called "experts" that are just competing against each other.

Also, we just paid $3.47/gallon and the tank fill up is still $80.00....where are those lower gas prices?

We are also facing additional taxes here in the lovely state of New York to help off set all of those Wall Street issues. Hmmmmm..........

Oh, to be under $4.00 a gallon...our price just went down to $4.14/gal , and I am in a fairly inexpensive place in Alaska (the beautiful Kenai Peninsula). I think the cheapest up here is in Anchorage at around $3.99/gal.

 

[jekjones1558]

DH and I are retired and it is tough to see the 403b statements right now. I am glad that we have lived below our means and our house and DVC are paid for and I don't need to rely on my 403b funds as income. I don't feel as badly for those who have purchased too much house or have lots of credit card debt (maybe this downturn will be a learning experience for them?) as I do for those who have struggled to maintain a minimum standard of living and are now losing their jobs. Wall Street CEOs who have left sinking ships with millions in their pockets have precipitated horrific crises for many on the other end of the economic scale, those who never even benefited from the boom times. Life is not fair. I feel very lucky to have a luxury like DVC.

 

[bobbiwoz]

...
Also, we just paid $3.47/gallon and the tank fill up is still $80.00....where are those lower gas prices?

.....

DH drove to Detroit, north of Wapakoneta (birthplace of Neil Armstrong)
gas was under $3.00.

 

[theoarn]

Hey, where are you in New York? We are Binghamton area. I haven't seen any cheaper....

I live down here in Texas.....where we make it. If I go by the factory I can get stale 2 day old gas for half off on tuesdays and fridays.

 

[nuts]

For those who still have many years until retirement, I wouldn't fret. The market will come back. Pick any 10 year period in the market's history and it always makes money (even if you pick the years including the great depression). Actually now is the time to buy.

 

[jamstew]

I live down here in Texas.....where we make it. If I go by the factory I can get stale 2 day old gas for half off on tuesdays and fridays.

We're still over $3 just north of Austin. It did go down about twenty cents in the last couple of days, but the lowest where I live is $3.31.

 

[DisDaydreamer]

I live down here in Texas.....where we make it. If I go by the factory I can get stale 2 day old gas for half off on tuesdays and fridays.

Tell me you're joking... I'm just ignorant.... Right?

 

[Chuck S]

Tell me you're joking... I'm just ignorant.... Right?

He's joking. But I got gas today for $2.93.

Gas isn't like day old bread.

The economy may affect DVC in the short term, as far as new sales and resales. Long term, I think they will continue building.

 

[crisi]

DH and I are retired and it is tough to see the 403b statements right now. I am glad that we have lived below our means and our house and DVC are paid for and I don't need to rely on my 403b funds as income. I don't feel as badly for those who have purchased too much house or have lots of credit card debt (maybe this downturn will be a learning experience for them?) as I do for those who have struggled to maintain a minimum standard of living and are now losing their jobs. Wall Street CEOs who have left sinking ships with millions in their pockets have precipitated horrific crises for many on the other end of the economic scale, those who never even benefited from the boom times. Life is not fair. I feel very lucky to have a luxury like DVC.

I feel the same - we have a lot of time until retirement (20+ years) and I'm pretty sure I'll get my money back - but my parents are only a year away - my mother already retired - and my in laws are retired. Neither have a lot of debt, but my parents need more than a social security check to maintain their standard of living (I have no idea what my in laws live off of....he still does some consulting).