Anybody think we've reached the "bottom" of this financial crisis?

I read a lot about how the last 8 years have resulted in the current mess and that "how much worse could it possibly get"





A Nine Inch Nails lyric comes to mind:





"He thought he lost everything, then he lost a whole lot more."





Isn't it too early to assume the worst of the financial crisis is over?----all numbers seem to say Yes, much too early.|||It's not over. Nor is it the fault of Republican or Democrats alone. It is JUST as much the fault of the American people who took out loans they could not pay back.





Just because you CAN do something does not mean that you should.|||Not at all.





We had some hope of recovery with McCain and his promise to cut taxes for businesses.





Democrats in charge will almost definitely raise taxes because that's the only way they know how to get a balanced budget. Cutting spending isn't in their vocabulary.





Raising taxes will give Obama the gift of recession, and he can't hang it on Bush if it lasts throughout his first 4 years.|||We still have 1-2 years for more adjustable rate mortgages to explode. Beyond that we have the baby boomers hunger for social security money that they didn't earn, which means taking more money from the working young! Now the Congress is controlled by unions. This country has squandered any advantage or wealth that it once had. Get ready to live in a third world country.|||i don't think that the worst of the financial crisis is here


i think it can get a lot worst, personally


and i live in the US, u might not


but here our new president elect (obama)


is gonna tax us 8% more on just about everyone


and i know for a fact most cannot afford this


and my family is gonna go more into the hole


but perhaps after this, something better might happen|||Do any of you remember the Great Depression?


Read a history book.|||this started well before 8 years ago.fess up to the truth.this was by no means bush's baby.but everyone voted obama in to fix it,so let him!|||Government (not one 'bad' party vs one 'good' party) is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.





And if we ask government whether we've hit bottom, they'd be at a loss to find their own bottoms. If we ask if things could go any further down or are they on the way up, they'd be confused by words like, "up".





Anyone who believes that either Clinton or Bush was an angel or a devil can thank the media. Not reality.





|||Yes. I think so.





Of course, I thought that yesterday. And the day before that. and the day before that. and ...|||i dont think there is a bottom =[|||yeah we are so not even close yet!! sorry but ture|||unfortunately i have been told that it has not seen the worse yet, that there is still a few more years for it to crash and in 4 odd years we will start to see the market return to its best.





its its a scarey thought but really just gotta take each day as it comes and not get too involved!!! my advice - dont invest. for everyones losses - things will gradually increase to norm, no need for heart failure.





all that has affected me is lower petrol prices and interest rates (since i dont invest) come on it cant be THAT bad :P





Tip: Be positive.|||Yes, we are at the beginning not the end of this, you can count on another two years of decline and then a period of steadiness before a mild climb.


How deep its going to be is the question, I'm looking for the market to bottom at five thousand, and not go up for quite a while.


This isn't just the US, its the world.|||Yes. I think so, but it is a long way from being over.|||I think we are heading in the right direction with the dropping fuel prices, if they will stay down.|||Frankly, no.





I think we'll see a few waves of unemployment pass through the economic system, through layoffs and closures. Then, slowly, we'll start to see a turnaround -- first in the stock market, and then through the rest of the economy.|||no.....no matter what it could be much MUCH worse|||Downward Spiral is exactly what we are headed into.|||only 8 years huh? If you really want to get to the answers youd have to go back 16 years, Bill Clinton era.





Clinton enacted NAFTA...one of the single largest reasons alone this countries infrastructure when to shiit. Not an opinion, its a fact, read some more.





Bush actually wasnt a "bad" pres. History will show this.


Obama thinks he can simply go over to Iran and smile and everything will be fine...same with Iraq.....Hes an idiot, and hes going to get alot more Americans killed than Bush ever did.





Oh, one more little fact...Bill Clinton killed more of our american troops than Bush did. that also is a fact. Not opinion. read more.... dispute it all you want....a facts a fact.


as well as the history of Democrates in office...through out americas history is ALWAYS been the dems that got us into wars and ruined our economy. another nice fact.....





I reckon you Dems have your heads soo far up your arses you wont bother to take the time to educate yourselves before defending something you know little about.|||They (experts) expect this to continue through 2009 until 2010...





Its going to be a tough road and they've been saying this since very early October...but watch, this will turn into a partisan mess again.





None of this was unforeseen or unexpected.|||no....please watch a documentary.. :America, freedom to fascism. if you go to alluc, and then search documentary's and then search through the genres to find politics, you will find it. |||No...It is going to worse before it gets better.|||I think it's going way more down :)|||


Its going to boom like it has never boomed before but this time it will be for all of us not just groups . But Bush has to go first .