DOW at sixty nine and a half and floating lower

[Stinky The Clown]

Hasn't been here since the late 90s.

Thanks, George. Thanks alla you repubican fucks.

[seemslikeadream]

1. 4800

that's my thoughts

[Jackpine Radical]

2. Do I hear 45?

Who'll gimme 45?

[Warpy]

3. I'm saying 4000 if they do everything right

and 1000 if the corporatists get their way.

In any case, it's going to be a wild ride. The only good thing is that we're all on it together.

Remember, the market was just as hyperinflated as the larger economy was, pumped up by dollars that were really never there, based on the ability of people with declining wages to pay off huge amounts of debt.

It's not easy to lose paper net worth. However, if you're still in the market, you own everything you always did.

If you went to t-bills, however, the outlook is far less certain. In a deflationary cycle they're likely to bring less than their face value, so you might have outsmarted yourself.

[sarcasmo]

4. Correction is 3,000 IMHO. Watching it fall is slowly killing my father.

[Profprileasn]

5. Kind of scary...

At bottom though, it'll kind of be like a sale. Just don't know where bottom is.

[TwilightGardener]

6. I have a question: in times like these, do most people change how much

they contribute to mutual-fund stock 401k's? My husband maxes his contribution every month, has done so for years--wonder if it'd be better to just keep that money in pay, even if it's taxed? Because right now, it seems to be simply going down the toilet...I know we're buying shares cheap if we stay in and keep contributing, but it's alarming to see the paper losses now.

[nbsmom]

8. 401 k money is long-term money

If it really freaks you out to open up statements, then you should save into money market or bond funds and skip stock funds for now. But don't trade the 'safety' of a larger paycheck if it means that you're paying a marginally higher tax rate. You can't get that money back later (and with 401k we're usually talking 20 years from now), although the market will eventually recover.

[TwilightGardener]

9. I know I shouldn't look, but my husband finally took a peek last week

and...GACK! Since we're still fairly young (late thirties), we chose a fairly risky "growth" fund. I lean toward waiting it out now, because if/when the market DOES come back up, I might have a quicker rebound (due to accumulating more shares on the cheap) than someone who has a less-risky portfolio. I need to talk to an expert, I guess, and figure out if more take-home pay (I could always use that) or stodgier investments would do us more good now. Thanks.

[steelmania75]

7. It was the War in Iraq, and the tax cuts for the wealthy that led up to this