This is the truth.  But NO BODY WANTS TO HEAR IT!!!  The middle class is going to pull us all down!

Maybe we should invade Mexico

hasn't mexico invaded us already?

I like the prices on Overstock.com. I recently looked at coats there, the checked out the stores on foot and online....I ended up at a fabric store buying patterns and fabric because the profit margin is wwaayyy tooo high.  My parents are middle-class to upper-middle-class.  My mother likes designer clothes and pays full retail even on sales, my  dad is a super bargain shopper--both are still together and married.  even though my dad can sew, he doesn't usually.  When I learned that the average price markup includes 8%-12% increase in price from 'import fees' on top of other costs and MADE IN USA is cheaper....I decided to get the best deal of them all.

designing my own.

The truth is....his statements are true. The US is the only major industrized nation that has not got its fiscal house in order. Governments continue to spend money like drunken sailors with virtually no idea how they are going to pay it back.

The meltdown and impending rude awakening for the American public has only just begun.

Mr. Byrne is one of the few that has given an honest public statement veiwing the economy. Unfortunately there are many ceo's and cfo's who have not been open about the realistic outlook of our economy. I assume that they either feel that a public opinion will send their company's expectations down the tubes.

The take the money and run attitude needs to cease since it has destabilized the economy and has impacted the solvent trustworthy corporations . It seems that the good, bad and evil are being lump summed into the same pool. The market has grown with investors but investing has been exploited and it is not a sure thing.

Many companies have gone public and the finance officers see it as pennies from heaven. This usually occurs  after some publicity and hype is expressed by the media. These fads run short and gulible investors get burned and soured by their losses. Those folks were not looking at how rational  the corporation was but they

didn't want to miss out on the action that they were going to see as a return.

Just like the realestate market the stockmarket has been over sold and you have to be willing to wager only what you can afford to lose. You better be willing to keep informed and consider it another job. If you are investing in the market you better pay close attention and be thourogh. Its not easy and it has risk. For those gimmic,trendy,fad corporations treat them as a pyramid scheme because if you allow yourself to be sucked in be willing to watch someone leaving the table with your money.

I agree with many of the above statements.  Looking at the stock market, we might as well play some penny stocks and look in the pink sheets.  I was just reading on a blog about a new movie coming out in 2008 called Blonde and Blonder.

Now, I like the ultra risky penny stocks and it sounds a lot better than what I am hearing about the big boys on the big boards.  Can we trust the CEO's?  The Overstock CEO is an exception and he is going out on a limb, that is close to breaking.  

Still, he has the guts to speak his mind and not paint a pretty picture of lies.  Let's take a close look at the board members of these mighty giant corporations and we might get some more valid answers to ponder.  I say handle the markets like a poisonous snake and make some money!  This coming year should be a real gem. pennystocksandpinksheets.blogspot.com

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