SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Skeeter Bug who wrote (42598)2/16/2009 7:16:50 PM
From: octavian3 Recommendations  Read Replies (1) of 42834
 
Skeeter bug said:

<<octavian,

i have a question for you given that you are under the ipression you've made money over the last 11 years you've been following "da brink."

from 1998 until now, the s&p has actually dropped in value. in fact, the s&p 500 has been killed over the last 11 years.
factoring in 3% inflation, the s&p at 800 in 1998 is equivalent to about s&p 1150 today. that means the s&p is actually down 350 points in terms of purchasing power - or over 25%.
have you covered the inflation nut during that time or do you pretend inflation doesn't exist?>>

--Unfortunately, I don't have any records that tell me what I had in 1998. Right now, I CAN tell you that I have virtually the same as I had on 12/31/00, and about 7% more than I had at the bottom of the tech bear on 9/30/02.

I understand that inflation has eaten into my purchasing power over that time, but I also understand that I am going on 8 years older than when I retired. Therefore, I will need the amount I have now for less time than I needed the amount I had on those earlier dates.

<<now you can begin to see why people are so pained by the financial collapse and bear market biting into and destroying their imaginary wealth right before their eyes.>>

--Now? I have never had trouble understanding the pain many people are going through due to this recession/bear market.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News