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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:26 PM
Original message
BAD NEWS and GOOD NEWS
The Bad News is that your investments, 401K's, etc. have lost half their value (or more).

The Good News is that they were never really worth as much as you thought they were six months or a year or three years ago, so you've lost less than you may think.
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cobalt1999 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:28 PM
Response to Original message
1. Unless you are buying or selling, it's all entertainment.
However, it's much more entertaining when it's going up!
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Xipe Totec Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:30 PM
Response to Reply #1
3. Unless you're outside the US, you're buying,
to the tune of 700 billion dollars.

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texastoast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:29 PM
Response to Original message
2. I feel so much better
NOT!

Really, I'm heartbroken for the folks who were planning to retire about now. They are freaking out.

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OffWithTheirHeads Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:38 PM
Response to Reply #2
5. I plan on retiring in two years
I'm not freaked out. It's a lateral move. My house goes up, my house goes down. Your house goes up, your house goes down. Your currency goes up, etc. etc. When the dust settles, we are at about even.
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The Wielding Truth Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:30 PM
Response to Original message
4. Gee, that a positive spin. I guess?
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leftofthedial Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-09-08 09:47 PM
Response to Reply #4
6. maybe so
maybe no
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