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My 401K dropped 5%! I don't need no fucking Winks!

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:40 PM
Original message
My 401K dropped 5%! I don't need no fucking Winks!
I'm listening to a Body Language expert who doesn't have a clue...on MSNBC.
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AllieB Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:42 PM
Response to Original message
1. Only 5%? You're lucky.
I'm down over 20% for this fiscal year. I'll be working until I'm 80.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:43 PM
Response to Reply #1
2. I'm talking about in the last two Weeks!
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AllieB Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:48 PM
Response to Reply #2
5. I hear ya. It's crazy! We'll all be working until we're elderly.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:44 PM
Response to Reply #1
3. I'm down more than 20% too
But hey, the shares I'm buying now are 20% cheaper...
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racaulk Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:44 PM
Response to Original message
4. I second that! Mine dropped 9% last month.
:mad:
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codjh9 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:49 PM
Response to Original message
6. I don't even want to KNOW how much my money is down, but I guarantee you it's
way more than 5%.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:57 PM
Response to Reply #6
7. Which is why I wanted to slap the wink off of her eye!
:mad:
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billyoc Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:58 PM
Response to Original message
8. You've heard of "working weekends", and "working vacations",
welcome to the "working retirement". :hide:
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specialed Donating Member (276 posts) Send PM | Profile | Ignore Fri Oct-03-08 02:59 PM
Response to Original message
9. Sorry to laugh and I do feel the same pain...
But that's funny.
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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 02:59 PM
Response to Original message
10. Try 45%, Yea... me. My whole nest egg... and I'm getting ready to retire.
And I don't have 10-20 years to recoup. I'm sick.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:05 PM
Response to Reply #10
11. Heartbreaking.
Should get those seniors to vote Obama-Biden.
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lamp_shade Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:14 PM
Response to Reply #11
15. Thanks for caring. Looks like I'll be working a few more years than I'd planned.
:grr: :hi:
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Mz Pip Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:09 PM
Response to Original message
12. We're down
about 20%.

We're both retired. I don't even know what to think about all of this. I will trust Paul Krugman's assessment. This sucks, it will continue to suck but doing nothing will suck more.
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davidwparker Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:12 PM
Response to Original message
13. I've lost all gains since Dec 2006. Gee, where did the bounce go? Market's
closed. I see negative signs across the funds in my 401K.

You would think that the thieves in Wall Street would have given us a courtesy bump in gratitude.
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Johnny2X2X Donating Member (356 posts) Send PM | Profile | Ignore Fri Oct-03-08 03:13 PM
Response to Original message
14. Shocked
I am utterly shocked that Congress gave Wall Street $700 Billion dollars today and the markets still fell sharply. The Dow was down 157.55 Points. Wall Street responds immediately and I had expected a surge of at least 200-400 points. This is just the start of a long dark Depression. I worry for every working class person in this country right now.
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Bigleaf Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-03-08 03:24 PM
Response to Original message
16. My 401K is down 21% since 1/1/08.
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