Lot of people think they have one, but if you'll look at the enron deal, you'll realize that its not done until you cash it out... World War 4 could happen tomorrow and then it won't be worth the paper its written on.
Most of the professional's (white collar) that I've worked with have had them unless they were contractors like myself... Most of the blue collar people I know don't have squat. Virgil Bierschwale Armstrong and Skipper Real Estate (830) 329-6774 Cell (830) 864-4726 Home (830) 864-4799 Fax http://www.geocities.com/vbierschwale/ -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Michael Madigan Sent: Monday, October 02, 2006 5:15 PM To: ProFox Email List Subject: RE: [OT] tremors Maybe it's different in the south, up here everyone has one. Virgil Bierschwale <[EMAIL PROTECTED]> wrote: Everyone has a 401 K ?? Who are you kidding... VERY FEW have those... Virgil Bierschwale Armstrong and Skipper Real Estate (830) 329-6774 Cell (830) 864-4726 Home (830) 864-4799 Fax http://www.geocities.com/vbierschwale/ -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Michael Madigan Sent: Monday, October 02, 2006 3:23 PM To: ProFox Email List Subject: RE: [OT] tremors 1. Even with all the illegals taking jobs, unemployment is at the record low 2. The speculation will be wrung out of the market, but people are still going to keep their primary residences 3. Everyone has stocks in their 401K accounts. So everyone participates in the record highs. --- Stephen the Cook wrote: > Michael Madigan <> wrote: > > Fix the economy? Record low unemployment, record > home ownership, > > near-record high stock market? What's there to > fix? > > Wow, the stability of all that you mentioned is > questionable. > > Unemployment is not a record low, it's just aged out > a lot of people they > are no longer giving support to. There was a > posting of 60 pt jobs in our > school district and over 600 people applied for > them. It shows that people > want to work, they just can't find a place. > > Home ownership? Those record high prices are going > to suck when the fancy > financing turns sour. Interest only loans for the > first few years, are > going to suck when the true cost of home ownership > kicks in. > > Record high stocks are great for the rich who have > it going properly. A > pure WAG but that is probably 35% of the population. > That leaves 65% > exposed. Even if it's 40/60 that is still massive > exposure. > > Stephen Russell > DBA / .Net Developer > > Memphis TN 38115 > 901.246-0159 > > http://spaces.msn.com/members/srussell/ > > -- > No virus found in this outgoing message. > Checked by AVG Free Edition. > Version: 7.1.407 / Virus Database: 268.12.11/460 - > Release Date: 10/1/2006 > > > > > _______________________________________________ > Post Messages to: [email protected] > Subscription Maintenance: > http://leafe.com/mailman/listinfo/profox > OT-free version of this list: > http://leafe.com/mailman/listinfo/profoxtech > ** All postings, unless explicitly stated otherwise, > are the opinions of the author, and do not > constitute legal or medical advice. This statement > is added to the messages for those lawyers who are > too stupid to see the obvious. > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
