Today was certainly brutal but I can't really afford to liquidate now. My 401K funds should be cheap buys for the time being and the rest I'll have to hold until they recover or I suppose I could always wipe my ass with the worthless stock certificates if it comes to that.

 

Attention people of Vintage.

The bottom will come in October.

That is all.

Please return to your usual posting.

Thank you.

 

The folks that I have been listening to on this say we still have another 18-24 months, if.......
That if is, if there is tax revenue to offset our national debt. If not, the coaster is gonna continue down the hill.

 

my trader buddy ( I know only one data point) who works in futures says it looks pretty bad for 6 months at least.

 

Holly shit, I can't believe how every source is saying how much uncertainity there is and how bleak the future looks. Predictions galore for bad times ahead. With financials making up 30% or more of most portfolios and domino affect, it would be nice if we only had a month more of this.

The morning started off looking pretty good with a "minor" loss of 300 points but ended up at 500. After all this bad news tonight spreading I am concerned for a larger panic.

 

I swear if I ever regain what we lost, I'm done, done, done with the stock market. Our money will be all be in the conservative, fixed income whatevers.I do not have the stomach for this. People keep saying in the long run the stock market is the place to be, you're in it for the long haul, yada, yada, yada. We've seen more downturns than anything since we began to get more serious about retirement savings. I feel like I'm flushing our money right down the toilet.

At this rate retirement is an elusive dream.



I was slightly tempted to put some "extra" $ we had in something other than a CD several months ago. Thankfully, I came to my senses. Hope the bank my $ is in remains sound.

 

Of what? Weak economy, or declining market value? They are not the same thing as the street usually anticipates the bad in advance. The market may not see any gains for 12 months due to the economy, but are your people actually predicting decreasing market values for another 18 to 24 months???

 

Same question.

 

AIG was downgraded after hours. Tomorrow could look even worse than today.

 

The "bad" has been known for quite some time. Look back two or three months andyou will see that AIG lost over half its value in one week. The market knew it was loaded up on sub prime crap and credit default instruments. The big question was, how well would AIG handle the problem. A few months later we see they are looking for $40B in loans and the rest of the air comes out of the ballon. The same was true for MS, LB, Fannie and Freddie. There will be more bad news, but I think the fall-out will be factored into market values over the next 30 to 45 days. There may be a small bounce after it hits bottom, but I'm not expecting any big growth until all the bad debt is forclosed, written off and inventories absorbed.

I'm still looking for alternative energy and energy technology to lead the economy out of the slump. Read this broadly. It will include alternative fuel and hybrid cars, wind, fuel cell, green construction and upgrades, you name it.