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#1084652 - 11/19/08 11:38 PM Down goes the Dow...the Big 3....and..............
Truffle Royale Offline

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Joined: Jul 2003
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Citigroup looses 23% in one day.
Dow closes under 8000
Big Three automakers sent packing without any TARP money.

Holy s**t, batman. This is getting serious.

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#1084657 - 11/19/08 11:43 PM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
Tigg Offline
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Looking for My Happy Place....
Wow! I was watching this earlier when it was just above 8000. I can't believe it went under!! eek

And the Fed is considering the possibility of a rate cut - any more and they'll be GIVING money away!

Pure crazy !!!
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#1084666 - 11/19/08 11:51 PM Re: Down goes the Dow...the Big 3....and.............. Tigg
pjs Offline
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pjs
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oHiO
This all makes me sick. Really sick.
I keep the faith but man oh man I'm afraid.

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#1084673 - 11/19/08 11:55 PM Re: Down goes the Dow...the Big 3....and.............. pjs
Truffle Royale Offline

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Me too, pjs. My husband and the guy who sits next to me both still check their retirement accounts. I won't even look at mine. I'm too scared.

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#1084689 - 11/20/08 12:31 AM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
Tigg Offline
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Tigg
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Looking for My Happy Place....
This quarter - I refuse to even open the envelope when my 401k statement comes. I'm just going to file it.

I'm glad I never signed up for the computer access to it.
_________________________
What would you do if you knew you could not fail? ~ Dr. R Schuller

My opinion only.

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#1084708 - 11/20/08 01:33 AM Re: Down goes the Dow...the Big 3....and.............. Tigg
Pale Rider Offline
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under the Lone Star
it was nice knowing y'all!!!
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#1084713 - 11/20/08 02:22 AM Re: Down goes the Dow...the Big 3....and.............. Pale Rider
pjs Offline
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Posts: 10,319
oHiO
I had to check mine because my bank changed companies and I had to get on and decide how I wanted my account handled. It was not pretty, it left me sad, angry and wanting to kick something.

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#1084747 - 11/20/08 12:14 PM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
DeeQ Offline
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Originally Posted By: Truffle Royale
Me too, pjs. My husband and the guy who sits next to me both still check their retirement accounts. I won't even look at mine. I'm too scared.


me either... I am not looking until next year... crazy
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#1084750 - 11/20/08 12:31 PM Re: Down goes the Dow...the Big 3....and.............. DeeQ
Jessilynn Offline
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Posts: 197
with my contributions its 1 step forward 2 steps backward.

I heard it may bottom around 7200

frown

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#1084752 - 11/20/08 12:38 PM Re: Down goes the Dow...the Big 3....and.............. Jessilynn
Bagweaver Offline
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Posts: 2,409
SW GA
Retirement next year is no longer being considered. mad cry Maybe part-time later in the year IF things improve some and I can sell my house to down-size.
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Semiretired. Working parttime at Historic Westville as a tour guide.

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#1084753 - 11/20/08 12:39 PM Re: Down goes the Dow...the Big 3....and.............. Bagweaver
DeeQ Offline
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Turnpike Exit 10
^^^ sorry BW frown
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Get your facts first, then you can distort them as you please. - Mark Twain

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#1084759 - 11/20/08 12:52 PM Re: Down goes the Dow...the Big 3....and.............. DeeQ
Bagweaver Offline
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I'm just glad that I haven't retired and have to consider returning to work like some friends.
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Semiretired. Working parttime at Historic Westville as a tour guide.

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#1084760 - 11/20/08 12:52 PM Re: Down goes the Dow...the Big 3....and.............. DeeQ
Skittles Online
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TN
Keep selling those gourds and Indian jewelry, BW.
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#1084774 - 11/20/08 01:09 PM Re: Down goes the Dow...the Big 3....and.............. Skittles
Bagweaver Offline
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SW GA
That was to turn out to be my retirement job. With the economy the way it is, income from those sales has decreased also. We're just lucky so far that sales haven't dropped as much as we were afraid they would. Spring of 2009 will let us know for sure how things are going in that area.
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Semiretired. Working parttime at Historic Westville as a tour guide.

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#1084921 - 11/20/08 03:48 PM Re: Down goes the Dow...the Big 3....and.............. Bagweaver
Comp Guy No More Offline
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Comp Guy No More
Joined: Apr 2007
Posts: 2,488
North East
I certainly feel for those of you who are very close to retirement, but for those of us who have a while to go, the stock market is on sale!!!! BUY BUY BUY!

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#1084979 - 11/20/08 04:28 PM Re: Down goes the Dow...the Big 3....and.............. Comp Guy No More
Truffle Royale Offline

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Yes, pad those earnings because you're going to need them to take care of all of your parents whose retirement accounts aren't going to last nearly as long as their life expectancy. I've been supporting my mother for years now and I've informed my two grown kids that, inspite of our best efforts, they may have to do the same for their father and me.

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#1084994 - 11/20/08 04:37 PM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
Pale Rider Offline
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under the Lone Star
I wish I could get my mother to live with me!!! Paying me what she pays that assisted living center would allow us to go to Taco Bell more than once a week!!!
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#1085006 - 11/20/08 04:50 PM Re: Down goes the Dow...the Big 3....and.............. Pale Rider
Truffle Royale Offline

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Trust me, PR, it ain't all it's cracked up to be. I love her and I'm glad she's here and safe and healthy but there are days when a 'run to the border' ain't nearly far enough away from Mom. eek

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#1085008 - 11/20/08 04:55 PM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
Dip Offline
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San Diego, CA
I quit my contributions yesterday and moved all my investments into a money market option. I'm too young to throw my money away like this. That $150 a paycheck is better off in my own savings account--liquid, so when all h311 breaks loose, I'll have some cash.
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#1085011 - 11/20/08 04:56 PM Re: Down goes the Dow...the Big 3....and.............. Truffle Royale
Pale Rider Offline
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under the Lone Star
ha!

I know what you mean Truff!!

My mother wants visits to extend to 2 or 3 weeks, but by the end of the first week we are ready to start throwing things at each other.... eek
_________________________
Societies that do not find work in and of itself "pleasing to God and requisite to Man," tend to be highly corrupt.


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#1085013 - 11/20/08 04:58 PM Re: Down goes the Dow...the Big 3....and.............. Dip
A_G Offline
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You're too young to not be keeping your money IN the market and building up asset size. You're not in the market to necessarily make money right now...At least put in what your employer matches up to - it's FREE MONEY!

If you were a year away from retirement, okay. But you have 40 years or so. Ride it out.

You'll probably see this cyclical market another 5-10 times, imo. smile
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#1085020 - 11/20/08 05:02 PM Re: Down goes the Dow...the Big 3....and.............. A_G
Dip Offline
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San Diego, CA
Just quit my contributions until we know more about the market. It's too scary and uncertain for me right now. Hopefully in a few months things will look better, even if the economy is slow. Then I'll start back up again. Besides, I've been tryign to save up a chunk of cash and the extra $300-somethgin a month will help.
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Dabbling in banking, law, accounting...the life of a trustee.

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#1085021 - 11/20/08 05:02 PM Re: Down goes the Dow...the Big 3....and.............. A_G
QCL Offline

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NW IL
I agree with AG.
Our age is not all that different dip - I am still contributing, but right now all future investments are going into less risky funds.

Although I invest (always have) like I am Pale's age wink , so I haven't lost quite as much as some here did.
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#1085024 - 11/20/08 05:05 PM Re: Down goes the Dow...the Big 3....and.............. QCL
A_G Offline
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How old are you QoCL?

I'm just keeping my investment percentages the same (not increasing with this year's raise), but I am in mod/mod-risky stuff right now so will probably head more the moderate route.
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With the lights out, it's less dangerous.

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#1085025 - 11/20/08 05:07 PM Re: Down goes the Dow...the Big 3....and.............. A_G
QCL Offline

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NW IL
31 smile
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