My 401k hurts

[guywhofishes]

;:;banghead

 

[Enslow]

Your 401k is telling you to feed her more cash.

 

[LOV2HNT]

I've been too afraid to even look....not that it'll matter as I will be working till I'm dead anyway.

 

[Lycanthrope]

Get used to it, the world economy is in a tough situation. Better tighten your seatbelt....

 

[3Roosters]

Wish I had a bundle of cash to put in now. What a sale price!

 

[Account Deleted]

Guy, you're old enough to know it's not something you look at everyday.

 

[johnr]

I am cashing out, and putting it under my mattress.

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:;:howdy

 

[Enslow]

I am cashing out, and putting it under my mattress.[/QUOTE

Couldnt think of a better idea in dickinson.

 

[Kickemup]

Crop prices have taken a nasty dive also.

 

[guywhofishes]

I am cashing out, and putting it under my mattress.

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:;:howdy

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.

 

[5575]

The fish are still biting and its almost bow season!:;:rockit

 

[sdwxman]

Whole Life! :;:rockit

 

[johnr]

Whole Life! :;:rockit

Guns and ammo

 

[KDM]

It'll feel lots better when the govt. takes control of all the 401k's. It's the LAST pot of money they haven't pilfered yet........but I suspect it's coming.

 

[PrairieGhost]

Guns and ammo

:;:thumbsup

 

[Enslow]

It'll feel lots better when the govt. takes control of all the 401k's. It's the LAST pot of money they haven't pilfered yet........but I suspect it's coming.

That wont happen.

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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.

Half the high is about where the market high was before the last rececession haha.

 

[3Roosters]

I would be a rich man if I did the opposite of the masses. Dad gum herd mentality is the problem. Coffee shop banter does not make one and expert on what to do...investing or farming

 

[guywhofishes]

Half the high is about where the market high was before the last rececession haha.

huh?

 

[Enslow]

I would be a rich man if I did the opposite of the masses. Dad gum herd mentality is the problem. Coffee shop banter does not make one and expert on what to do...investing or farming

The herd hasnt even reacted to the markets yet.

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huh?

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

 

[guywhofishes]

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.