Seen on money.cnn.com: BREAKING NEWS – Stocks tumbled, Dow shedding over 100 points

[(former)FormerSanDiegan]

YAWN …

Hello, Rip Van FormerSanDiegan here.

Just woke up after falling asleep on March 27, 2007.
Exactly one year ago today.

I was awaken by a shouting headline. Something about stocks tumbling and BREAKING NEWS. My friend in FairyTale Land, Chicken Little said to bail out and come back in a year for some bargains.
I sold everything after the close on 3/27/2007. The DOW closed at 12,397. I suspect that by now the whole world knows about the housing mess and all and that it would be a great time to consider buying up some stocks from all the desperate sellers. Oh, I see that houses dropped 20%. That’s cool. It appears that there is a credit crunch/panic. That should help.

So … what’s the DOW at today ?

12,302 !

Are you freakin’ kidding me ? Down 0.8% in a year.

I’m going back to sleep.

YAWN.

[barnaby33]

Sleeping in cash is a lot easier than sleeping invested in the markets. You may not have gained much, but you kept your hair and slept better.

Josh

[barnaby33]

Sleeping in cash is a lot easier than sleeping invested in the markets. You may not have gained much, but you kept your hair and slept better.

Josh

[barnaby33]

Sleeping in cash is a lot easier than sleeping invested in the markets. You may not have gained much, but you kept your hair and slept better.

Josh

[barnaby33]

Sleeping in cash is a lot easier than sleeping invested in the markets. You may not have gained much, but you kept your hair and slept better.

Josh

[barnaby33]

Sleeping in cash is a lot easier than sleeping invested in the markets. You may not have gained much, but you kept your hair and slept better.

Josh

[Arty]

Yea, wake me up when it went down 10% in one day :). I still say 10,000 by early next year.

[Arty]

Yea, wake me up when it went down 10% in one day :). I still say 10,000 by early next year.

[Arty]

Yea, wake me up when it went down 10% in one day :). I still say 10,000 by early next year.

[Arty]

Yea, wake me up when it went down 10% in one day :). I still say 10,000 by early next year.

[Arty]

Yea, wake me up when it went down 10% in one day :). I still say 10,000 by early next year.

[HereWeGo]

The bigger news, IMO, was the hammering of DSW’s earnings. The personal spending number that comes out tomorrow should be interesting, in light of DSW’s woes.

[HereWeGo]

The bigger news, IMO, was the hammering of DSW’s earnings. The personal spending number that comes out tomorrow should be interesting, in light of DSW’s woes.

[HereWeGo]

The bigger news, IMO, was the hammering of DSW’s earnings. The personal spending number that comes out tomorrow should be interesting, in light of DSW’s woes.

[HereWeGo]

The bigger news, IMO, was the hammering of DSW’s earnings. The personal spending number that comes out tomorrow should be interesting, in light of DSW’s woes.

[Author]

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