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  • February 26, 2009 12:26 PM EST by Liz Claman

    So Much Fear

    Everyone who runs into me says, "What's going to happen?!!"  Well, heck, if I KNEW...

    I mean, look at the markets right this minute: we got horrific news on the Durable Goods front... DG's are big-ticket items meant to least 3-5 years or more, e.g. cars, washing machines, airplanes etc.  So the number came in worse than expected but the markets are still higher!

    Do me a favor: try not to put too much stock in every day moves you see here.  If you're looking long term and you believe Planet Earth will still exist in 5 years mostly as we know it, then try to put your energy not into fear, but into finding.  What I mean is, put the focus into finding great names at cheap prices. There are quite a few of them out there right now that will still be around, most likely at higher prices by then.

    Hang in there, and remember, I'm here and will do my best to go through this with you, step by step!

    See you at 2pm ET!

    liz

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anti-socialism

I don't think it's entirely "fear". People who understand economics, and have a little money to invest, or protect, are simply reacting to the moves made by a socialist and anti-business congress and president. That's a bit of a generalization, I know, but probably makes a reasonably good model for what's happening now. Those who pay no taxes voted in November. Those who pay the taxes and create the jobs are "voting" now with their money. "Atlas is shrugging". If you are a capitalist, you know what I mean.

March 2, 2009 at 2:01 pm

TERRY LIPAK

liz, you are one of the few people i trust. i know i will allways get a straight answer from you. please keep us informed and on track with any late information you may receive. YOUR THE BEST.

February 28, 2009 at 3:00 pm

jim sadilek

Liz, recently on WGN Radio, here in Chicago, a guest discussed the jobs availability for Federal Government positions. The jobs ranged from Park Rangers to Flight Controllers. I thought that was interesting but, what startled me was that about 2.2MM Federal Employees were retiring in the next two (2) years. Being a listener I have noticed a change regarding employment numbers being used by President Obama. Obama had been saying that his goal was to add to the nations work force 3.0/4.0MM new jobs and that the Stimulus Package would accomplish that goal. However, will that sum now also include the new employees which, will be replacing the retiring Federal Employees and/or since, Obama is now saying that he wants to "Save and add 3.0MM new jobs., will his new job totals reflect the replacing of retiring employees in his numbers. In addition, since he is now using the term "Save" how does the Labor Department statistically track "Saved Jobs". SOMETHING JUST DOES NOT ADD UP.

February 26, 2009 at 10:56 pm

about this blog

  • Liz Claman joined FOX Business Network (FBN) as an anchor in October 2007. Her debut included an exclusive interview with Berkshire Hathaway CEO and legendary investor Warren Buffett.

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