DOW is now in the 7000's...

[Manedwolf]

I do not want to look at the 401K.

Holy crap...

[El Tejon]

Hooray!!!

Down, down, down to goblin town.  Check going out Friday.

SEP Police=>

[charby]

I figured it would hit 7500 and stay flat for 6-9 months. Almost 50% of its value gone since the highs of 14000 not too long ago.

So much for dividends this year :)

[Manedwolf]

I figured it would hit 7500 and stay flat for 6-9 months. Almost 50% of its value gone since the highs of 14000 not too long ago.

So much for dividends this year :)

I don't know. Holiday sales are supposed to be atrocious. If so, there will be tumbleweeds-blowing abandoned Big Box in overbuilt areas next year.

Already, the #2 operator of malls has said they're in danger of declaring bankruptcy.

[K Frame]

I'm still holding to my personal theory that the Dow is going to find bottom somewhere between 6500 and 7500 and will circle for awhile before it finally starts to tick back up in late 2009.

[K Frame]

I do not want to look at the 401K.

Holy crap...

I did. The screaming was loud and long.

[charby]

I'm still holding to my personal theory that the Dow is going to find bottom somewhere between 6500 and 7500 and will circle for awhile before it finally starts to tick back up in late 2009.

US Bank or American Bank something to that name said something similar on CNN (I think) today.

[AJ Dual]

Awsome time to re-enter the job market. 

Not.

[makattak]

I did. The screaming was loud and long.

I know, mine is down 30-40%!!!








Of course, it's REALLY hard to tell with mine since my bi-weekly contribution raises it by roughly 5%.

I do have less money in it than I have put in... (As noted in another thread, I just started my 401k.... I'm REALLY happy I am investing it now, the value of everything I've put in this year and next by the time I retire... MMMmmmm, the joys of compounding....)

Of course, this is assuming the government doesn't just steal my 401K.

[K Frame]

Several of my picks, including the Dodge and Cox stock fund, have lost over 1/2 of their value. High on the D&C was somewhere over $160. It closed yesterday just shy of $69.

I'm dollar cost averaging it like mad right now.

It's done this before, gone down significantly in value, and it's always come back resoundingly.

[280plus]

(Covering ears) LA LA LA LA LA LA I CAN'T HEAR YOU!!   

or "I see NOTHING!! I hear NOTHING!!" 

[Nick1911]

Being that I have far more debt then money invested, I'm fairly ambivalent about the whole thing.

On one hand, it's bad that jobs are being lost and investments are becoming worth less.

On the other, the deflated value of fuel and housing is effectively equivalent to me getting a raise. 

[taurusowner]

I'm still holding to my personal theory that the Dow is going to find bottom somewhere between 6500 and 7500 and will circle for awhile before it finally starts to tick back up in late 2012.

Methinks that's more like it.

[Brad Johnson]

buy.. Buy.. BUY!!

Brad

[K Frame]

2012...

Not a chance.

2112 possibly, 2212 more likely.

[lupinus]

I did. The screaming was loud and long.

I know, mine is down 30-40%!!!

Just checked mine for fun.

30-40% down?

I'm up 4.11% 

Not much gains but it's better then being down.  When this crap blows over and the market finds a steady place I'll dump a good chuck from the stable value fund I'm contributing/moved to into some of the ones that should see returns to their current 30%+ losses and should see some good returns over the next few years as the market creeps up from the bottom.

I wish I had a few extra k laying around to invest into the market that I can actually make use of before I retire in about 40 years 

[makattak]

Just checked mine for fun.

30-40% down?

I'm up 4.11% 

Not much gains but it's better then being down.  When this crap blows over and the market finds a steady place I'll dump a good chuck from the stable value fund I'm contributing/moved to into some of the ones that should see returns to their current 30%+ losses and should see some good returns over the next few years as the market creeps up from the bottom.

I wish I had a few extra k laying around to invest into the market that I can actually make use of before I retire in about 40 years 

Actually, mine is down, but I exaggerated the number. Probably it's really between 5-10% down as I recall. However, the actual dollar amount that it is down is very tiny as it is not large to begin with.

[lupinus]

30-40 wouldn't surprise me.

Looking at the YTD returns of all the funds I can choose from most range from the high 20%s to mid 30's for their losses, the international fund is even down 42 and change.

When things started getting bad I moved all the money in my plan and changed future contributions to a stable value fund comprised of safe stocks and the like.  Worked out very well for me thus far....not in great gains but in lack of great losses.

[RevDisk]

buy.. Buy.. BUY!!

Brad

Amen.  I'm up'ing my contributions.  If I was less than 10 years from retirement, I'd be weeping.   But since I'm 40+ years from retirement, buy baby buy. 


Since I work for them and they run my 401k, I get UTX at a bit of a discount.  Ooo, it looks like a pretty penny in a couple years.


   

[K Frame]

Dow ended the day UP 550+ points.

[280plus]

See, all you have to do is ignore it. 

[Waitone]

Dow drops to 6000.  Substantial recovery in 2009 before it really tanks to below 5000.