My 401k hurts

[3Roosters]

You don't think so?? I respectfully disagree- lots of masses have been re-arranging.

 

[guywhofishes]

The herd hasnt even reacted to the markets yet.

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Half the all time high DOW is close to the all time high back in 2008.

 

[Enslow]

The "herd" is largely invested in mutual funds. The sale of shares of a mutual fund are not exercised until the close of the markets.

 

[3Roosters]

Agreed. Still doesn't mean rearranging isn't happening based on the last week. ie herd. That was my point.

 

[shorthairsrus]

Real estate is next ---- imo you cannot have 0% interest rate and move foward. Low rates didn't help Japan --- the market might blame oil and china -- but the bottom line is stagnation and govt debt is weighing this nation down.

 

[Enslow]

Government debt is why the rates are staying so low.

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Umm i guess in the ballpark would have been more accurate haha.

 

[martinslanding]

if this keeps up my target age of retirement at 55 is out the door....probably more like 75

 

[tikkalover]

So, listening to the 5:30 news, one person on one channel said to hang tight and ride it out, and on the other channel that person said this is only the beginning to move you stuff to a safer place!! Oh what to do! ;:;banghead

 

[Fracman]

If you are young enough ride it out old guys that about to retire I don't know what you should do. Pray:;:huh

 

[Flatrock]

The market fluctuates. Sometimes a lot. If a person can't handle a 10-15% drop, they need to have less exposure to stocks.

 

[eyexer]

this is the beginning of the end of our economy can't print money at the rate we are and not expect a death spiral

 

[johnr]

As long as I can afford bait and diesel for the next few years, it's fine, obama will fix it by stopping the war on women, and the ice age, or was it climate change?

Either way it's only bad if you are pulling out of the market now, or maybe even tomorrow

 

[Bed Wetter]

So, just how bad was the market selloff after all the closing bell on Monday? Check out some of the stats here:

• Monday ended the biggest three-day loss for the Dow ever with 1,477.45 points shed. (The next biggest three-day loss for the Dow totaled 929.49 points in November 2008.)
• The Dow has been down five consecutive days for a point loss of 1,673.9.
• Cumulative volume traded was 13.94 billion shares for the highest volume day since Aug. 10, 2011, when 15.19 billion shares traded.
• The Dow traveled more than 3,000 points within the first 90 minutes of trading on Monday.
• WTI settled down 5.5 percent for the worst day since July 6 when it lost 7.73 percent. (Monday's low of $37.75 was WTI's lowest point since Feb. 24, 2009, when it hit a low of $37.65.)
• 9 out of 10 S&P 500 sectors are in correction; (energy and materials are off their highs by 20 percent or greater).
• Industrials, tech, telecom, utilities, financials, consumer discretionary and health care are all of their highs by 10 percent or more.
• S&P 500 companies collectively lost about $685 billion in market cap (about $100 billion more than Apple's market cap).
• NYSE volume was at 6.57 billion shares, the heaviest since Oct. 27, 2011.

You know what stat I haven't seen? The PERCENTAGE of drop over the last 5 trading days (DJIA is a little over 9%). The crash in '08 was what, 45%? Everbody just be cool. Pay your taxes and your politicians and everything will be fine.

Now, if you're smart you'd listen to Ron Paul and be buying silver and gold. That way, when the economy inevitably collapses and there's no food, we can all eat our precious metals.

 

[deleted member]

Fuck chicken little!

 

[Bed Wetter]

I'm not going to sit and watch it go to less than half like I did when I listened to "the experts" in 07-08.

Give me a laser that can take down a buck and you can retire with cash. You can do it!!

 

[lunkerslayer]

Are the Vikings still going to get a new stadium :;:stirthepot

 

[WormWiggler]

What is on your buy list? PG, JNJ, MO, NBR

 

[Rut2much]

"burn this b!tch down?" Nahhhh, just take it all, my back hurts too much from bending over soo far the last 5 days..

 

[Joe]

we made a deal with Iran, Israel is upset, and suddenly the markets are in free fall. Oil just happened to be oversupplied as talks began. Economic terrorism is all it is.

 

[wildeyes]

guywhointhestockmaket. yea give and take now is the time to take some of that mattress money and buy baby buy. the market needed to correct itself it all good that's the way the system works if you thought any different you should put your money back into the mattress. In 08 a lot of people put their money in the stock market and forget about it, you have to pay attention to your money and make little moves to correct for it. A lot of people lost 45% Me I made 3% that year. I always tell people we should be able to retire at 35 and have to return to work at 65 and die on the job at least you get to enjoy it before the doctor and nursing homes get it.