Stock Market

[GNBRETT]

Good thing I don't plan on retiring for a few more years. I lost $15k in the last 3 weeks.... It's never really lost till you sell but it surely is disturbing...:biggrin:

In reality it's not a bad thing considering im buying more shares at lower prices now but it's really hard to convince ones self of that.

 

[S10xGN]

I plan on retiring in 5 yrs, but after losing 12% since October '07 may have to reconsider...NOT! I've made up my mind I'm gonna go in 5 whether I have $2 mil, $200k, or $2.00 left. H*ll, maybe I'll just let the government support me for awhile. I'm gonna let it ride for now, but it sure hurts to see these kind of drops this close to the end.

 

[GNBRETT]

Yea every 5-6 years the market corrects itself so we were due. The fools pull out, the smart investors hold strong. Over the last 100 years the market alwaty returns back with gains.

Still disturbing to see your funds drop like that but its the nature of the beast. Depending on how much loot you have you might want to consider fixed when the market rebounds. Of course the return is less but so is the risk. Time is not as critical when ur retiring 5-6 years from now but if ur retiring next year then it might be a wise decision.

 

[John Larkin]

If history is an indicator, maybe this will help. Watch the Dow October to April

10/90 2442 4/91 2887
10/91 3069 4/92 3359
10/92 3226 4/93 3427
10/93 3680 4/94 3681
10/94 3908 4/95 4321
10/95 4787 4/96 5569
10/96 6029 4/97 7008
10/97 7442 4/98 9063
10/98 8592 4/99 10789
10/99 10729 4/00 10730
10/00 10971 4/01 10734
10/01 9075 4/02 9946
10/02 8397 4/03 8480
10/03 9801 4/04 10225
10/04 10027 4/05 10192
10/05 10568 4/06 11367
10/06 11679 4/07 13062
10/07 13930 4/08 ?????

Outside of a 200 point drop one year out of 17, it is consistently risen in the winter. Don't jump off a bridge yet.

 

[Jack Armstrong]

Exercise Due Caution -- Foggy Future Ahead

The forecasts for the next few years are not going to a picnic for most folks.

The people who do the best during downturns are those w/money to scoop up
other people's losses. Bad times for many = Best times for others.

Housing sales (new & existing) down, new home starts wayyy down, oil
at $100.00 a barrel & rising, gold almost to 1K oz., bottom falling out of
our dollar vs. other currencies, perhaps several hundred billion of bad mortgages, tech stocks plummeting...many analysts see almost all of
the markers of a (gathering) "perfect storm" for the American economy.

I am among the eternal optimists & no one can be more bullish on America.

However, there is ample cause for pragmatic concern at this juncture.

Add to this the political variables of '08 & those unknown quantities...?