Xiaofan Chen wrote:
>> Now is the best ever time to buy stock.
> If you believe so.

"Stocks jump after steep sell-off; key rate rises"
http://biz.yahoo.com/ap/080930/wall_street.html

>> The "bailout package" will get passed.
> Maybe. But I serious doubt if this is the correct way.

Then you think you know more than the leading economists.

>> Anybody got any spare cash? I'd like to buy me some Google stock...
> If you trust your first statement, you can borrow some money to buy it.

Xiaofan, wake up! We're in the middle of a credit crunch, who will loan to 
me -- you?

If I bought Google's stock yesterday, today (Sep 30, 11:30 AM Pacific) I 
would have been $32.72 per share richer.

http://finance.yahoo.com/q?s=goog

> BTW, I've never bought any stock.

Me neither, but I certainly will, in the future.

> Firstly because I am just
> a poor engineer.

I'm not too far off. :)

> Secondly, I think most of the people can not get
> rich by entering stock market.

That's simply not true. While individual companies fail, the trend for the 
market as a whole, is up. Sometimes you just have to wait long enough. :)

To mitigate risk, invest in index funds. There were plenty of studies done 
that over time, active trading is not able to outperform the market.

> I firmly believe the virtual economy needs to be standing
> on the foot of real economy (eg: manufacturing). Those high
> flying Wall Street executives need to pay for their bad ideas.

I've had this conversation with another person yesterday. Somehow, 
manufacturing is "real", and search engines, software, etc are "not real".

There's no such thing as "virtual economy", there's just "economy".

Vitaliy 

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