Anybody checked their 401Ks this week?

[GodFearinGunTotin]

Dow dropped 530 points today to finish at 16,549. It was up over 18,000 just a short time ago. I guess they're panicked over China.

 

[HoughMade]

I'm not retiring this week, so.....no.

 

[ArcadiaGP]

*opens statement*

 

[Leadeye]

Certainly puts a chill in us semi-retired folks.

 

[GodFearinGunTotin]

Certainly puts a chill in us semi-retired folks.

Yep.

 

[KLB]

I'm not retiring this week, so.....no.

Same here.

 

[churchmouse]

Certainly puts a chill in us semi-retired folks.

Yup

 

[Alpo]

It's been coming for awhile. You can't destroy a middle class and drive a world economy.

 

[churchmouse]

It's been coming for awhile. You can't destroy a middle class and drive a world economy.

Thank you Mr. and Mrs. Obumer and crew.

 

[tom1025]

Thank you Mr. and Mrs. Obumer and crew.

It's been a group effort from both sides over the years.

 

[churchmouse]

It's been a group effort from both sides over the years.

Yup......sure has. Keep kicking the can down the road and you will run out of road.

Then you have to pick up the can.

 

[GodFearinGunTotin]

Let's not lay this at the feet of some politician(s). They have done exactly what we, as a nation, asked for...not what maybe, I asked for or CM asked for or Alpo asked for. But as a result of our elections, we have selected people that have done what they thought, what we clamored for. You might blame this on "big business"...well who was it that went to Walmart instead of the mom and pop shops back when we still had mom and pop shops? Who was it that, when confronted with various choices for an item, tended to pick out the cheapest (regardless of where it was made) item of the lot? Walmart, Lowes, Home Depot, Costco, Target, etc. just gave us what the consumers were demanding. We all had (and still do) our justifications for our purchases and our votes but "we" did this.

 

[KLB]

It's been coming for awhile. You can't destroy a middle class and drive a world economy.

You think the stock market just magically goes up and up. Markets rise and fall, that is what they do. I've heard "experts" saying for a while that a correction was coming.

The problem right now is that with interest rates at 0, there is no incentive to put money anywhere else. That has the stock market at unsustainable levels.

 

[tom1025]

Let's not lay this at the feet of some politician(s). They have done exactly what we, as a nation, asked for...not what maybe, I asked for or CM asked for or Alpo asked for. But as a result of our elections, we have selected people that have done what they thought, what we clamored for. You might blame this on "big business"...well who was it that went to Walmart instead of the mom and pop shops back when we still had mom and pop shops? Who was it that, when confronted with various choices for an item, tended to pick out the cheapest (regardless of where it was made) item of the lot? Walmart, Lowes, Home Depot, Costco, Target, etc. just gave us what the consumers were demanding. We all had (and still do) our justifications for our purchases and our votes but "we" did this.

I agree. As a small business owner I try to help out the mom and pop stores when I can. But I didn't get ahead by over spending.

 

[foszoe]

I am certainly poorer but I borrowed out the max 4 months ago in anticipation. Now I hope to start putting that money back in

 

[Kirk Freeman]

Nope. They go right in the shredder. Besides, I don't have a 401k; I have an SEP.

I'm still picking up pawpaws, putting them in a basket.

 

[GodFearinGunTotin]

Nope. They go right in the shredder. Besides, I don't have a 401k; I have an SEP.

I'm still picking up pawpaws, putting them in a basket.

You had lots of hair way back then.

 

[Kirk Freeman]

You had lots of hair way back then.

I still do . . . on my back.

 

[GodFearinGunTotin]

I still do . . . on my back.

Cruel how that works, eh?

 

[Kirk Freeman]

Bak Blade. Leaves me slick like a baby seal.