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Dow Closes Under 8,600

October 9, 2008 | 5:49 pm

Ugh.

Sorry, I thought a virtual grunt might make me feel better.

Let’s see…nope.

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anyone offering a pension plan hiring?, at least I have my health, what the hell happened to all my money?

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No Responses to “Dow Closes Under 8,600”

  1. newbie says:
    October 9, 2008 at 7:05 pm

    crap.

  2. downtown says:
    October 9, 2008 at 7:49 pm

    I always wanted to work until I was 93 anyway. Maybe I’ll need some life cycle housing afterall.

  3. Decatur Metro says:
    October 9, 2008 at 8:36 pm

    Well said downtown. Well said.

  4. E says:
    October 9, 2008 at 9:50 pm

    And the Japanese market is down almost 11% as of right now.

  5. FHScot says:
    October 9, 2008 at 9:56 pm

    What is a “market”?

  6. taxus says:
    October 10, 2008 at 9:16 am

    If Congress would send me another larger economic stimulus check, I’d try to turn this thing around.

  7. Left Wing says:
    October 10, 2008 at 9:46 am

    If congress would get me another large economic stimulus check….wait….oh….I didn’t get one.

  8. Right Wing says:
    October 10, 2008 at 10:27 am

    OK, Left Wing, we know you are rich and that is why you are a Republican.

    Give it a rest, would you?

  9. JohnD says:
    October 10, 2008 at 11:00 am

    That last stimulus package was so outrageously enormous. I was sure $300 to $600 person could have solved all of our problems and changed many lives financially. I don’t understand why it didn’t though.

  10. Left Wing says:
    October 10, 2008 at 12:14 pm

    Could you please define “Rich”? Cause I would hardly consider myself rich.

    Also, I am not a Republican. I lean Democratic in some areas and Republican in others. However, I still consider myself a Democrat.

    Look forward to your response!

  11. DEM says:
    October 10, 2008 at 12:33 pm

    The pain of 401(k) losses is very real right now. But damn, there are some huge opportunities in a panic stricken market like this. Even rock-solid companies are getting killed to the point where fairly safe dividend yields of 6% and more can be had. That means if you buy now and can hold through the duration of the panic, the price only needs to appreciate 4% to get you a total 10% return. Be greedy when others are fearful, and they’re scared stiff right now.

  12. Steve says:
    October 10, 2008 at 12:41 pm

    I agree with DEM, just wish I had some spare cash to put in the market right now.

  13. Decatur Metro says:
    October 10, 2008 at 12:57 pm

    The Dow just briefly dipped below 8000 again…the volatility is absolutely insane.

  14. emilyk says:
    October 10, 2008 at 1:08 pm

    An economics professor here at Agnes Scott said last week that we should be investing in better hearing aids and ramps, because none of us are retiring!

  15. Left Wing says:
    October 10, 2008 at 10:36 pm

    Emilyk….

    When I was a junior in high school in 1990, our physics teacher told us that the dream of owning a home was over.

    I believed him at the time. Of course, I was 16 years old.

    Digest, think, and disavow most of what other people say.

    What do you think?

  16. runswithdogs says:
    October 12, 2008 at 7:39 pm

    I think I’m putting every dime I can find into an S&P index fund tomorrow.

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