10-08-2008, 02:54 PM
My mutual fund and 401k (mostly large cap stocks) are down ~22% from end of last year but the biggest individual fund is down ~45%. All of my liquid savings (about half) are in money markets so I'm not really worried about it.
In the grand scheme of things, we really aren't that bad off. I remember that drop in '02 being labeled a "market correction".
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In the grand scheme of things, we really aren't that bad off. I remember that drop in '02 being labeled a "market correction".
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'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth