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10-23-2008, 12:36 PM
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#1
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
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I made it!
I'm now more than 40% off of my all-time high on October 31 of last year.
The problem with a 40% loss is that it takes a 66.67% gain to get back to flatline.
Wheeeeeeeeeeeeeeee.....
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-23-2008, 12:40 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 3,847
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It is painful.
Do you have the loss versus your basis calculated - it might help with the pain.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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10-23-2008, 12:41 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Dec 2006
Location: Lone Star State
Posts: 4,374
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The term flatline kind of scares me.... 
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......ibyoig......
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10-23-2008, 01:06 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 9,174
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hey, it's better than being down 50%, where you investments have to go up 100% to "flatline"..........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-23-2008, 03:43 PM
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#5
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Recycles dryer sheets
Join Date: May 2007
Posts: 236
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 Quote:
Originally Posted by ziggy29
I made it!
I'm now more than 40% off of my all-time high on October 31 of last year.
The problem with a 40% loss is that it takes a 66.67% gain to get back to flatline.
Wheeeeeeeeeeeeeeee.....
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welcome to the club...
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10-24-2008, 08:07 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,141
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Get ready for more. Talking heads are predicting a free-fall this morning potentially kicking in circuit breakers to close the market. If you don't have a cash bucket now is a time to do some serious cutbacks to hold back losses.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
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10-24-2008, 08:11 AM
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#7
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Moderator
Join Date: Jun 2007
Location: At The Cafe
Posts: 5,186
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I'm wearing my seatbelt.
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Anno retiree, 2
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10-24-2008, 08:17 AM
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#8
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Moderator
Join Date: Jan 2007
Location: New Orleans
Posts: 10,395
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I am cringing!
The Dow futures (-550) are just plain ugly to wake up to and see before coffee this morning. It's my day off, too.  It's about time that investors declare this the market bottom and insist on feeding a steady bull market for a few years. 
__________________
"Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
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10-24-2008, 08:24 AM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2006
Posts: 1,729
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Second! All in favor say Aye.
__________________
"If everything is under control, you are going too slow." - Mario Andretti
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10-24-2008, 08:27 AM
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#10
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 169
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Plain and simple, this stinks. I am glad I am more conservative than most and have about a 10 year cash bucket.
It's not really different this time.......... is it?
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10-24-2008, 08:32 AM
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#11
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Moderator
Join Date: Jun 2007
Location: At The Cafe
Posts: 5,186
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Quote:
Originally Posted by shotgunner
....
It's not really different this time.......... is it?
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Couldn't be; there's some kind of natural law. When I was w*rking, I had a slogan, "they all come back." (That is, the clients.)
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Anno retiree, 2
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10-24-2008, 09:09 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,141
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Quote:
Originally Posted by shotgunner
Plain and simple, this stinks. I am glad I am more conservative than most and have about a 10 year cash bucket.
It's not really different this time.......... is it?
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10 year cash bucket? Go back to sleep.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
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10-24-2008, 08:29 AM
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#13
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Full time employment: Posting here.
Join Date: Jul 2006
Posts: 939
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And the best part is this is the 'Anniversary' of "Black Friday" 1929.
Never mind, it was a Thursday. My bad.
Three phrases - Black Thursday, Black Monday, and Black Tuesday - are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.
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“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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10-24-2008, 10:05 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,897
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Quote:
Originally Posted by ziggy29
I made it!
I'm now more than 40% off of my all-time high on October 31 of last year.
The problem with a 40% loss is that it takes a 66.67% gain to get back to flatline.
Wheeeeeeeeeeeeeeee.....
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how much time might it take to produce that 66.67% gain? because now yer gonna hafta compound inflation over those years to go from flatline to recovery.
this must be how if feels like when i lost all that money to real estate. (someone didn't think we were taking you down with us?)
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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10-24-2008, 10:11 AM
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#15
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Moderator
Join Date: Sep 2007
Posts: 3,431
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Are you 40 percent off what you put into the market ? And Lazy, are you 40 percent off what you invested in real estate? Time to worry is here, but isn't it worse to lose what we've invested (by the way Ziggy OPEC called and wants all of your energy holdings  )?
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10-24-2008, 10:13 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,897
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i'm probably down about 30%. no idea really. it's tough to judge a market when no one buys.
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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10-24-2008, 10:19 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,467
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My trading account, which I riskily traded to equal my 401k in size, is down 80%.
My 401k is down 32%.
I'm buying today.
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10-24-2008, 10:23 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Oct 2003
Posts: 3,847
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Quote:
Originally Posted by eridanus
My trading account, which I riskily traded to equal my 401k in size, is down 80%.
My 401k is down 32%.
I'm buying today. |
I have a few dollars remaining - I'm doing the same.
I stopped updating my portfolio in Sept; so I don't know how bad I am. I'm guessing my net (from 12/31) is down 20%.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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