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lonestar2000
ParticipantSecurities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
ParticipantSecurities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
ParticipantSecurities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
ParticipantSecurities are now in a self defeating tailspin, I can hardly think of anything, other than short covering rallies, that will cause even a short respite in the downturn. This is nothing like we’ve ever experienced and here is why: never in the history of the world have we had every-day, average folk, who don’t know a stock from a schlok, had a vested interest in the stock market than we have now, that interest is their 401(k) (which is exactly what forced me to take more than a curious gander at it). You now have billions of blue collar workers waking up to the notion that they’ve lost 30% of their retirement savings this year alone, 10% of it in the last couple of weeks. Watch out, mutual account managers are getting the wakup call of their lives as billions move out of stocks and into any and every safe haven they can possibly find.
Participant[quote=MarketWatch]The market could still go down another 10% or so from here just purely on momentum,” according to Paul Nolte, director of investments at Hinsdale Associates.[/quote]
Participant[quote=MarketWatch]The market could still go down another 10% or so from here just purely on momentum,” according to Paul Nolte, director of investments at Hinsdale Associates.[/quote]
Participant[quote=MarketWatch]The market could still go down another 10% or so from here just purely on momentum,” according to Paul Nolte, director of investments at Hinsdale Associates.[/quote]
Participant[quote=MarketWatch]The market could still go down another 10% or so from here just purely on momentum,” according to Paul Nolte, director of investments at Hinsdale Associates.[/quote]
Participant[quote=MarketWatch]The market could still go down another 10% or so from here just purely on momentum,” according to Paul Nolte, director of investments at Hinsdale Associates.[/quote]
ParticipantIMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.
Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!
ParticipantIMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.
Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!
ParticipantIMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.
Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!
ParticipantIMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.
Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!
ParticipantIMHO, and take that with a huge grain of salt, it is a bit too late to sell now, although you could still save some capital if you convert to some sort of guaranteed income asset class, and convert back to stocks when the DOW reaches 5000. That is, if the DOW keeps tanking like it has been. If you convert now, and stocks start to go bullish, you could miss the ride of your life.
Fortunately for you, your principal is low, so you have not lost that much, and like the previous poster said, you’ve got all your life ahead of you to make it up. Consider those who had $500k in their 401(k) at the start of the year, their losses are potentially in the six figures, ouch!
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