AR, anecdotal evidence in support of your post: my rheumatologist, not exactly Joe Sixpack, told me he got his quarterly statement for his 401K and realized he was going to have to work longer than he had planned to.
There's a lot of that going around these days.
One thing I have been wondering, as we all know there are a few stocks that seem to bob right back up every time there is a drop, e.g., Dell, Lucent, Intel, Cisco, etc. But there are also stocks that are trading very low (oilfield services, etc). In August, September, October, sometimes I heard or read that if the few "darlings" (as I call them) were removed from the total, the rest would show a steep decline. Is that still the case, I wonder? |
