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10-09-2008, 09:44 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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DOW drops 5000
OK guys it's been a year today since the all time DOW high of just over 14100.
I retired last year and living off my port., losing 5000 pts. is making me ill.
Gotta get that AARP senior job site. 
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10-09-2008, 09:48 AM
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#2
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Yeah, I feel a bit sick to my stomach too.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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10-09-2008, 09:53 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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 Quote:
Originally Posted by Martha
Yeah, I feel a bit sick to my stomach too.
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I recommend Pepto-Bismol.
And on the good side, only 2 more gut wrenching opportunities before the Friday close is in. From there we can look ahead to a whole alcohol enhanced weekend before having to face this again next Monday.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-09-2008, 09:59 AM
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#4
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Full time employment: Posting here.
Join Date: Mar 2007
Location: Anchorage
Posts: 731
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I'm pretending this is all an episode of The Twilight Zone.
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10-09-2008, 09:59 AM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Thanks Ha, for reminding me that I'm spending the weekend with DH's teetotaler mother! I'll be hiding a flask in the bathroom (I'll swear it is mouthwash)! 
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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10-09-2008, 10:00 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by haha
And on the good side, only 2 more gut wrenching opportunities before the Friday close is in. From there we can look ahead to a whole alcohol enhanced weekend before having to face this again next Monday.
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One of the many advantages of retirement is you don't have to wait until the weekend to be alcohol enhanced. Just ask Dawg54...
__________________
Numbers is hard
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10-09-2008, 10:08 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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The only thing that reminds me it's the weekend is the stock markets aren't open. I guess haha doesn't drink while the markets are open?
Audrey
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10-09-2008, 10:13 AM
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#8
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Recycles dryer sheets
Join Date: Jun 2008
Posts: 59
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Perhaps we should rename the site "Ever? Retirement Forums". 
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10-09-2008, 10:31 AM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Monday is a federal holiday (Columbus Day). The NYSE may not be open on that day.
As for me, I am a teetotaler and don't drink. Instead, I eat. Frank is the same. There is always my favorite restaurant in the entire universe - - a Sicilian place that I only dare go to once a year. Maybe we'll go there this weekend.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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10-09-2008, 10:59 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,891
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What is the record for points dropped in a year?
__________________
If i think of something clever to say, i'll put it here...
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10-09-2008, 11:00 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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I'm not updating my mutual funds prices until 12/31
__________________
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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10-09-2008, 11:13 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Quote:
Originally Posted by dex
I'm not updating my mutual funds prices until 12/31
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Good one!
Just don't forget to take into account mutual fund distributions, otherwise you'll be more depressed .
Audrey
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10-09-2008, 11:17 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by bright eyed
What is the record for points dropped in a year?
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I'm sure this is it, and by a fair margin, with 2002 probably being second.
But to make it realistic it has to be in percentage terms. I think this is already something like the #5 or #6 worst year the Dow has ever had in terms of a percentage drop.
At least we probably won't catch 1931 for the top spot.
__________________
"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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10-09-2008, 11:20 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by audreyh1
The only thing that reminds me it's the weekend is the stock markets aren't open. I guess haha doesn't drink while the markets are open?
Audrey
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True. After years of retirement I still like to keep weekends special. I know this is different from many around here. I also wear a watch, use an online calendar and day planner, shave daily, etc..
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-09-2008, 11:21 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,891
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Quote:
Originally Posted by ziggy29
I'm sure this is it, and by a fair margin, with 2002 probably being second.
But to make it realistic it has to be in percentage terms. I think this is already something like the #5 or #6 worst year the Dow has ever had in terms of a percentage drop.
At least we probably won't catch 1931 for the top spot.
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thanks for the info, the knowledge of folks on the board is always appreciated! 
__________________
If i think of something clever to say, i'll put it here...
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10-09-2008, 11:41 AM
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#16
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by haha
True. After years of retirement I still like to keep weekends special. I know this is different from many around here. I also wear a watch, use an online calendar and day planner, shave daily, etc..
Ha
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Caramba! I am not even retired and yet I don't wear a watch, I don't use a calendar or day planner (it's all in my head), and I certainly don't shave daily! Ha, your retirement sounds like work to me!
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10-09-2008, 11:49 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,183
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A Lavoris bottle filled with PGA (pure grain alcohol) and a few drops of red food coloring works fine.
Been there, done that......
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-09-2008, 11:59 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Quote:
Originally Posted by youbet
A Lavoris bottle filled with PGA (pure grain alcohol) and a few drops of red food coloring works fine.
Been there, done that......
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Wow, thanks for the tip! However, I must say the last time I had PGA I couldn't see or breathe for a few seconds. 
These daze that scenario sounds tempting.....
__________________
There's no need to complicate, our time is short..
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10-09-2008, 12:04 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,183
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Quote:
Originally Posted by dex
I'm not updating my mutual funds prices until 12/31
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I updated my net worth graph last night....... It goes back for almost 5 years and until last November my net worth was growing despite being retired. I liked that. As of last night, net worth has retrogressed back to early 2006 levels. And that's without any inflation correction which would make it worse.
I also printed out a graph of the price of VTI. Wow! The shape of my net worth graph and the share price of VTI graph have the same shape! Guess I shouldn't be surprised as my portfolio is dominated by VTI, or equivalent, holdings and other holdings have been much more correlated than I was expecting.
Our RE spending is pegged to about 50% pension and 50% investment income. Kind of a hybred between the folks with the generous cola'd pensions and those doing it 100% off investments and SS. I've established a plan where we continue to survive OK even with significant and permanent depression of our portfolio, so no panic. Still, it's darn depressing We could take a pricey international vacation once a quarter for several years on the money that's evaporated so far....... Oh well......
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-09-2008, 12:07 PM
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#20
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 133
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Quote:
Originally Posted by bright eyed
What is the record for points dropped in a year?
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Couldn't find anything on points, but here are the worst 5 years in terms of % loss:
1931 -52.67%
1907 -37.73%
1930 -33.77%
1920 -32.90%
1937 -32.82%
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