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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (3366)	10/9/2008 7:41:30 PM
From: $Mogul	Read Replies (2) of 26251

We're seeing stuff we've never seen before this would be the first time since 1897 that the Dow Jones Industrial Average lost 1% or more for six straight days. The S&P 500 has already eclipsed its previous record. There are all kinds of similar stats - worst start to a month, worst year-to-date returns, largest mutual fund outflows ever, etc.. After everything this country has been through over the past century, the fact that we've never seen this before is almost unbelievable, and more than a little disconcerting. The losses in the market peoples retirement back 10 years. SPX is down 15+ if you bought in 10 years ago, Dow is flat and NDX is down 5%. This is 10 Y E A R S. Wow! With that said...I am buying Yom Kippur, perhaps it is Talmudic wisdom.

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