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DOW drops 5000
Old 10-09-2008, 10:44 AM   #1
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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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Old 10-09-2008, 10:48 AM   #2
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Yeah, I feel a bit sick to my stomach too.
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Old 10-09-2008, 10:53 AM   #3
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Yeah, I feel a bit sick to my stomach too.
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
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Old 10-09-2008, 10:59 AM   #4
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I'm pretending this is all an episode of The Twilight Zone.
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Old 10-09-2008, 10:59 AM   #5
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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)!
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Old 10-09-2008, 11:00 AM   #6
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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.
One of the many advantages of retirement is you don't have to wait until the weekend to be alcohol enhanced. Just ask Dawg54...
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Old 10-09-2008, 11:08 AM   #7
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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?

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Old 10-09-2008, 11:13 AM   #8
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Perhaps we should rename the site "Ever? Retirement Forums".
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Old 10-09-2008, 11:31 AM   #9
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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.
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Old 10-09-2008, 11:59 AM   #10
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What is the record for points dropped in a year?
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Old 10-09-2008, 12:00 PM   #11
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I'm not updating my mutual funds prices until 12/31
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Old 10-09-2008, 12:13 PM   #12
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I'm not updating my mutual funds prices until 12/31
Good one!

Just don't forget to take into account mutual fund distributions, otherwise you'll be more depressed .

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Old 10-09-2008, 12:17 PM   #13
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What is the record for points dropped in a year?
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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Old 10-09-2008, 12:20 PM   #14
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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
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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Old 10-09-2008, 12:21 PM   #15
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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.
thanks for the info, the knowledge of folks on the board is always appreciated!
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Old 10-09-2008, 12:41 PM   #16
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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
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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Old 10-09-2008, 12:49 PM   #17
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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)!
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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Old 10-09-2008, 12:59 PM   #18
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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......
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.....
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Old 10-09-2008, 01:04 PM   #19
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I'm not updating my mutual funds prices until 12/31
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......
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Old 10-09-2008, 01:07 PM   #20
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What is the record for points dropped in a year?
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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