Is it just me, or are others losing portfolio value too?

[Nords]

I don't know if the long-anticipated correction is underway, but for us the last five months have been a seemingly endless series of retirement-portfolio highs. I'm reminded of Frank Armstrong's warning "When everything you own is going up, you're not properly diversified." Not that we're complaining about our asset allocation.

Until last week. We finished the week down about 1% off our highs and today everything was red. (Thanks, Frank.) Today we lost another percent. Tweedy, Browne has dropped almost a percent off its all-time high. One of my high-flyin' no-profits momentum-trading stocks, Evergreen Solar, stopped me out yesterday and lost another 7% today. The NASDAQ sold off 1% in the last couple of trading hours. Heck, even Berkshire Hathaway sold off 1%. Intel, only a week away from a fairly important earnings call, might break down below $19 this week.

Again, I'm not complaining. This is what happens with an all-equity portfolio. If things keep going down, it could be a great example of seasonality and a fire-sale opportunity. I'm just pointing out that our portfolio is starting to slide a little down that wall of warning, and I'm glad that we've been keeping some powder dry...