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Old 10-06-2008, 12:13 PM   #41
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I think he's just planning on shooting himself by next week if this continues

Good news though...it might get you out of your mortgage.
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Old 10-06-2008, 12:34 PM   #42
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Once again we have an event that let's us truly know if we are comfortable with our risk level.

Dow is down 30% for the year. In 1929 it started a drop that eventually led to an 89% reduction in value. But if you take out the last month I think it's only barely in Bear territory. The time horizon is too short to call a trend. Stay strong, distribution phas-ers!
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Old 10-06-2008, 12:42 PM   #43
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Dawg52 was 52, but aren't you 53 by now? I know I am.

I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it?
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Old 10-06-2008, 12:42 PM   #44
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I think he's just planning on shooting himself by next week if this continues

Good news though...it might get you out of your mortgage.
No mortgage. And if I tried shooting myself, I would miss. Notice my new avatar?
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Old 10-06-2008, 12:43 PM   #45
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Dawg52 was 52, but aren't you 53 by now? I know I am.

I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it?
54.
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Old 10-06-2008, 12:51 PM   #46
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Ha Ha, I am not 54 until January 1!

Do you want me to change your screen name?
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Old 10-06-2008, 12:53 PM   #47
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Ha Ha, I am not 54 until January 1!

Do you want me to change your screen name?
Yeah....go ahead.
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Old 10-06-2008, 12:54 PM   #48
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I vow not to look at the bottom line of my portfolio until the market starts to recover -
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Old 10-06-2008, 12:55 PM   #49
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I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it?
I am also avoiding CNBC . I have several years in cash , a complete chick flick collection , a good book and some chocolate so I'm golden .
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Old 10-06-2008, 12:59 PM   #50
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Hmm, think I'll go on vacation. Uh wait, I am on one...more or less.
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Old 10-06-2008, 02:07 PM   #51
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I am going to watch CNBC and Cramer.

I don't normally, but it will be good for me to become a bit more hardened to their scare tactics. Besides, how can I deride them if I don't watch?
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Old 10-06-2008, 02:11 PM   #52
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Besides, how can I deride them if I don't watch?
Great point!

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Old 10-06-2008, 02:20 PM   #53
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I'm funding my 401k this week with more 2008 contributions. I am also trying to tell myself that losing my not-insubstantial trading account isn't a tragedy. After all, most of the gains were from outsized returns - easy come, easy go. :/
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Old 10-06-2008, 02:26 PM   #54
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I'm funding my 401k this week with more 2008 contributions. I am also trying to tell myself that losing my not-insubstantial trading account isn't a tragedy. After all, most of the gains were from outsized returns - easy come, easy go. :/
Well, I'm still about where I was at the end of 2004, so it's not all of the 2003-07 gains are gone...
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Old 10-06-2008, 02:30 PM   #55
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Perhaps I should point out for those with nerves of steel:

The Saint's play the Vik's tonight on Monday Night Football - live from the Superdome.

The Saint's 4th qtr often scares me more than Mr Market.

heh heh heh - No computer driven auto rebalance in football. .
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Old 10-06-2008, 02:32 PM   #56
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The Saint's 4th qtr often scares me more than Mr Market.
If that scares you, you would have been scared witless by the Texans' final five minutes against Indy. Talk about giving one away. Sad thing is, it's only the *second* worst collapse in the history of Houston pro football.
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"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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Old 10-06-2008, 02:48 PM   #57
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I think there is good reason to have some fear in this economic climate. The housing bubble and the stock market run up occurred in unison-- both built on debt and credit bubble? That's a debate for another thread. But, you know, the DOW began this run up about in 1995 at about 4000. The previous decade was almost flat. This statistic certainly gives me pause.
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Old 10-06-2008, 02:53 PM   #58
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The Saint's play the Vik's tonight on Monday Night Football - live from the Superdome.
I pull for the Saints. I'll let you figure out who to bet on.
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Old 10-06-2008, 02:55 PM   #59
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Dow has bounced back, which almost disappoints me. I was hoping to get the capitulation over with and behind us.
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Old 10-06-2008, 03:01 PM   #60
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Dow has bounced back, which almost disappoints me. I was hoping to get the capitulation over with and behind us.
Nah, not me. I won't a slow and steady death. Time for a beer run.
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