Taking Stock

The Stock Market's Experiencing Wild Swings. Nervous?

Yoshi Yamamoto
Age 40
Resides Manhattan
Occupation Artist

Do you have money in the stock market? No, I hate the stock market. Giuliani sold New York City to the stock exchange and to Disney.

How long could you live on your savings? A while—three to four months.

Is the market about to crash? No, but we should be looking at history for guidance. Communism promised paradise and failed; capitalism has promised the same and we should be careful. Adam Smith came much earlier than Karl Marx. It's the transition from information technology to biotechnology that will be the clearest indication of where we're headed.


Deb Goldman
Age 37
Resides Manhattan
Occupation Dog Walker

Do you have money in the stock market? No, I live hand-to-mouth and make enough to pay my rent and take care of my dogs.

How long could you live on your savings? A year. I make sure that I have enough on hand to cover anything unexpected and any sudden medical bills.

Is the market about to crash? I hope so. Something's got to happen. On the one hand, that's good because yuppies have taken over the East Village. On the other hand, it's bad because I walk their dogs for a living.


Millie Rodriguez
Age 29
Resides Brooklyn
Occupation Lifeguard

Do you have money in the stock market? No, I don't want to play risky games. New Yorkers place an emphasis on making money, and they get hooked on the excitement of investing. I just want to have enough to live on and to party when I want to.

How long could you live on your savings? I'm not sure, but I save something from each paycheck. You have to depend on yourself, not on the government or social security down the road. Obviously, there are people who actually need social security or welfare, but they have a hard time getting help because so many other people cheat the system.

Is the market about to crash? It's time for something to happen to the market. It's just too dramatic.


Pierre Rameau
Age 35
Resides Long Island
Occupation Civil Engineer

Do you have money in the stock market? I'm thinking about getting in. I'm reading a book on stocks, and I wonder if the whole thing has been staged to get people to invest in the market for a couple of years. So much money's being made. And lost.

How long could you live on your savings? I tell myself that I should be saving, but I have two children and it's very hard to.

Is the market about to crash? It depends on which industry. Technology is sound, but others aren't. From a worker's perspective, you don't want to be involved in something like the automobile industry where everyone's being laid off.


Jamie Thompson
Age 20
Resides Manhattan
Occupation Musician

Do you have money in the stock market? No.

How long could you live on your savings? Even though I have $185 in the bank right now, I could probably live for six months to a year. My support system isn't financial; it's based on contacts I have through my church. I believe that God will see me through.

Is the market about to crash? I don't know, but doesn't it have to at some point?


Neil Austria
Age 20
Resides Manhattan
Occupation Student

Do you have money in the stock market? Yes, but the recent volatility made me nervous only because other people seemed nervous. I would have bought stock last week, but I had no money.

How long could you live on your savings? I couldn't last a minute; I'd have to mooch off my parents. Everything I have is invested.

Is the market about to crash? No, but there is a weeding-out process. Additionally, with this new global economy, nationality is going to mean less and less. It's possible that in the future, we'll identify ourselves as shareholders of companies instead of citizens of countries.


Gregory Gray
Age 47
Resides Manhattan
Occupation Art Director

Do you have money in the stock market? Not really, but I have a little in money market accounts. I'm interested in getting in because I have friends who have played the market and made a lot of money.

How long could you live on your savings? A while. Right now, I'd normally have a real cushion, but it just got eaten up by taxes.

Is the market about to crash? I wouldn't mind if it did, or at least dipped a little. Real estate is insanely high, and I'd like to buy instead of renting.

 
My Voice Nation Help
0 comments
 
Loading...