<p>watching this every day is torture…let’s just set a number that it should fall to, like 6,000 and get it over with…one day and be finished with it…</p>
<p>Yes (10 char)</p>
<p>With you Rodney, I am sad to feel a little positive when it goes back up, only to have it dump again the next day. I never recovered the money that was lost in the dot com bust. I do have only long term $ there and in what I thought was balanced and conservative mutual funds.</p>
<p>I do harbor hope that it is going to be all better in January, in the same way that the Iran hostages were released upon the arrival of the next president, perhaps there is a political thing out there and things will rebound because all sorts of pundits feel better about life??!!</p>
<p>I just feel like this is slow torture…let’s blow it out and get it over with already…although for dollar cost averaging, this is probably best…she says as sleep sounds like a great idea!!!</p>
<p>A wsj opinion that tries to be positive:</p>
<p>Down in the morning, up in the afternoon. Or is it the other way around? The topsy-turvy stock market is tough to read.</p>
<p>In the last year, the Dow Jones Industrial Average has briefly been over 13,000 and below 8,000. The past month has felt like the Cyclone roller coaster on Brooklyn’s Coney Island – lots of ups and downs, the whole rickety thing feeling like it’s going to crash at any minute.</p>
<p>Great investors are taught to listen to the market. Each tick of the tape has something to say about expectations for growth, inflation, policy changes and looming recessions. The stock market is like a giant mass of pulsing plasma doing price discovery and a game of hot potato, getting stocks into the correct hands with the right risk profile. It’s way too big for any one person to manipulate, let alone touch directly. Instead, millions of us provide input with our buying and selling decisions.</p>
<p>When it’s at its most efficient, with buyers and sellers neatly matched up at the right price, it’s a pretty good predictor. The Crash of 1929 announced a recession, and the wake-up call unheeded might have caused many of the bad policies leading to the Great Depression. The Crash of 1987? Not so much.</p>
<p>You see, the market is a great manipulator. In September, the Dow dropped 700 points intraday after the House of Representatives voted down the Treasury’s TARP bank-rescue bill. Spooked, the House passed the bill the next week. Or how about this? The Dow was up 300 points on Election Day applauding an Obama victory and then down 1,600 points since.</p>
<p>The market can also be a bold-faced liar. On Jan. 22, the Fed announced an emergency 75-basis-point rate cut in response to huge drops in European markets. A few days later, it came out that a rogue trader at Soci</p>
<p>I’m on the Dow diet 
If the Dow ends in the positive territory, I eat the dessert snack. If it is red, I do not touch my snack. I think I’m losing a lot of weight, and that’s the bright side of it!</p>
<p>" I’d say stick wax in your ears and don’t listen to the market until February"…ok, back to college search for D2</p>
<p>It’s going to be down or even until after the new year. And then when the 4th qtr comes in and Obama takes office, all bets are off.</p>
<p>Treading water would be better than down</p>
<p>I may just not read the news for awhile. I’m seriously beginning to get nervous. We live outside Detroit. It was bad before, but if the three auto companies fail, it’s going to be seriously miserable around here.</p>
<p>Warren Buffet - Mr Buy-and-hold is so yesterday. I always say he got really lucky for someone without a lot of talent. He ideas worked for industries of his generation only.</p>
<p>Yup. He’s lost his shareholders 43% since September 22nd.</p>
<p>For a financial company, that’s not bad.</p>
<p>How about a drug induced coma until my 401k comes back up…may be bye bye for good…</p>
<p>“For a financial company, that’s not bad.”</p>
<p>But it’s not a financial company. It holds things like See’s Chocolate and Coca-Cola.</p>
<p>I think the trick is not to watch your balance. My boys at Schwab rebalance for me every quarter (with my approval) and I’ve told them I don’t want to know my balance until – oh, I don’t know – 2015??</p>
<p>“Warren Buffet - Mr Buy-and-hold is so yesterday. I always say he got really lucky for someone without a lot of talent. He ideas worked for industries of his generation only.” That’s why he always invested in companies he understands - ones of his generation.</p>
<p>Just remember to keep breathing…you guys. (I keep telling this to myself).</p>
<p>“But it’s not a financial company. It holds things like See’s Chocolate and Coca-Cola.”</p>
<p>Banks and Brokers hold stocks of other companies too.</p>
<p>The question is, what is the bottom, and how long is the recovery? And, will we ever get back what we lost?</p>
<p>The post crash market of 1929 did not reach its low point until 1932.
The high point of the 1929 market was not matched until 1954.</p>