Stocks are doing much better than you think

3 year S&P 500

Today the S&P is down a whole 3 percent. That's a large drop relative to the usual, but it is in no way a "black Monday". The crash in 1987 saw a 22% drop in one day, and by the end of that year it regained all its losses.

This doesn't mean the economy is not in the toilet, that people are not losing their jobs, and that the Republicans are not completely to blame. People, for some reason (ignorance), like to equate "stock market" with "economy".

Just trying to keep it real.

Just trying to keep it real too

Because of the trading rules I don't think you will ever see a 20% drop in a day... just saying... 1987 and all

But every 3% drop adds up

Let me look it up.

1431.

What is it now?

1206.


Good luck retiring on that.

Not a black Monday, but a lost decade.

So a one day drop doesn't mean much anymore; you have to look at the trend over days and maybe weeks now.

I wouldnt invest in a stock market that refuses to ever have a sell off no matter how bad things get, because theres no predicting it.

Take a look at Apple, Proctor and Gamble, Bunge, Costco, Deere, Emerson Electric, Electronic Arts, Thermo Fisher, and the list goes on.

Yes, the financials are tanking, but many companies have protected themselves from the current policies.

but man, aren't you glad you're not in Washington Mutual!

Sad, because not so many years ago, that was fine institution.

With its foray into predatory lending- it's now nearly worthless.

People could circulate money over imaginary companies too, if they really wanted to. The banks are still going to fail, credit is going to contract almost completely, jobs are going to disappear and the only way to save the system will be liquidity, which will cause inflation. But heck whatta I know.

1565 November of last year... now at 1250...keep investing.

Just wait...by years end...if the SP is above 1000 I will be amazed. count on 30-40% down this year.

The '87 stock market crash was aided by automatic transactions run wild.

That is prevented...now the market will do a slow death spiral.

So keep dumping money in....show us how to "keep it real".

The Plunge Protection Team will kick in any minute now and erase most of the loss. CNBC Money-Honeys will spin the day and re-hypnotize the masses. Gold is up $22 today....

The S&P 500 was at 1343 when Junior assumed the throne on January 22, 2001. It's at 1207 now. A net loss over a period of almost 8 years is very bad indeed.

The average annualized gain for each year, Carter through Clinton was 11.86%. Carter had the worst average result of this nature, at 7.07%. If this year's trend continues until the end of December, and I believe it will, the S&P annual gain during the Bush 43 years will average out to an unprecedented -0.82%. And that's not even adjusted for inflation.

You're right, a 3% drop in one day is not by itself a reason to swan dive out the window. But the market was significantly down already, as a result of almost 8 years of Reaganomics on steroids.

I really don't do anything with my account - occasionally will buy a few shares of a small stock. But it's usually pretty stable, and I don't like this!

but short term, it is not good

(excluding food and fuel is absurd), we'd see just how awful stock market performance really has been over the last 8 years.

Our country is being systematically looted by wannabe divine-right rulers.

you're getting there.

About two years ago I took some of our meager investments and got some good CD rates through the credit union (5.6%) thinking that retiring boomers couldn't be good for stocks. So my CDs are doing better than stocks....but my satisfaction is tempered by the knowledge that even at 5.6% I'm losing real value. (There hasn't really been a good place for dollars over the last couple years, unless you were in energy or mining. After getting burned by Worldcom and NASDAQ I don't do individual sectors or individual stocks anymore...just broad index funds.)

capitalism sucks.

More than $5.10 each and every month that Commander Bunnypants has been in office. Too bad if your investments were in a stock index fund. Or if you were subject to inflation. Or had to pay taxes on any gains you actually did get. Otherwise you could be enjoying the benefit of a full five dollars and ten cents every 30 days from your $11,000 investment. That's well over one half of one percent! Annually! Unless, of course, you're some kind of a whiner. You're not a whiner, are you? Because if you are, I'm sending Phil Gramm over to kick you right in the seat of your pants, doggonit.

:rofl: