Stock Market update: Everybody panic!

[Oberon]

Originally Posted by Neal Stevens

Here we go, more rights


Yeah, sorry, I tend to get preachy. Still, I was there in 1980, not sure about Reality Trak. Somehow, it can be done.

Don't get me started on the right to arm bears.

It can be done, but like with many things, it's getting harder and more expensive for our youth. That's a troubling legacy I think.

[Onkel Neal]

Well, everyone thinks life is hard. I remember my grandpa telling me about scrounging for firewood, and my father and his siblings did not know what a restaurant meal was until he was 17. Let me ask you this: do you think the current generation is as capable as previous? These days a hardship is slow internet.

[Oberon]

Originally Posted by Neal Stevens

Well, everyone thinks life is hard. I remember my grandpa telling me about scrounging for firewood, and my father and his siblings did not know what a restaurant meal was until he was 17. Let me ask you this: do you think the current generation is as capable as previous? These days a hardship is slow internet.

Well, everyone has definitions of what hard is, really, don't they? But let's just say that I hold no expectations of long term survival for many people in the western world should something like an EMP occur.
We're all hooked into the wired world these days anyway, and thoroughly dependant on electricity for our survival, remove that and we're royally screwed.
Again though, you've got to be careful not to generalise, I know it's so very very easy and much more convienent to do so, but in doing so it tends to project biased opinions of vast demographics based upon a narrow selection.
There are just as many people, younger than me, who would be able to cope with a disastrous scenario better than many who are your age and older. To question the capability of the current generation, don't forget, is to also question the capability of the men and women of the current generation who have gone into Iraq and Afghanistan and come back. I would be loathe to question their capabilities to their face, lest I get a first hand demonstration to my deficit.

[Onkel Neal]

Wait, I'm not talking about war or disaster

[Oberon]

Originally Posted by Neal Stevens

Wait, I'm not talking about war or disaster

Well, in that case to come back to:

do you think the current generation is as capable as previous?

Then the answer has to be yes, but in different things because we live in a world which has changed radically between generations so that the strengths of one generation do not necessarily dictate the strengths of the next.

[Onkel Neal]

So, people haven't changed, but life has become more difficult?

[ikalugin]

I wonder if one should regulate profits from reselling things, as such transactions do not generated added value.

[Betonov]

Originally Posted by Neal Stevens

So, people haven't changed, but life has become more difficult?

Just more expensive.
We commute faster, have better acces to information, food is of better quality (hygene wise), work places are safer... but we have to work more to afford things than our fathers had.

[Oberon]

Originally Posted by Neal Stevens

So, people haven't changed, but life has become more difficult?

Yes, in particular more expensive and more demanding. Human beings are expected to keep up with machinery and electronic transfer rates which are increasing in speed all the time.

Going back to college, take this for example:

[Onkel Neal]

Originally Posted by Neal Stevens

I'm hoping for a few more corrections. I just sold my Pearland house, would love a buying bargain in the next three months.

Originally Posted by Oberon

It's rare the bloody things come down, isn't it? Good if you're selling but trying to get back into the market at a decent level for the money...
Prices in the UK are getting a bit ridiculous now, pricing a lot of people out of the market, one would hope that this would bring them down but what happens

In reviewing this thread, I see I didn't explain, I was Looking for a buying bargain in the market, not real estate. I got my buying bargain with the q1 correction.

[Onkel Neal]

Top 10 Most Expensive Stocks In The World: From Chipotle To Berkshire Hathaway

I'm reading a bio of Buffett, and I'm in the late eighties and BRK is at an astounding (for that time) $2700 a share.

Fast fwd to today.....

PS: It is up $30K since that article was written!