Another stellar day at the stock exchange.

[Javaman]

I see morons* great economy is working wonders.

Last check down 38 points.

[stepnw1f]

1. Yeah... I Hate to See The Super Rich

lose money like that. I mean, could you imagine the impact of -38 points. They may have to skip a weekend cocktail.

[ProfessorGAC]

3. It Is Only 1/3rd of One Percent

The Professor

[stepnw1f]

4. Thanks.. I Know

It was a joke. And no... I don't care if the super rich lose money.

[mcscajun]

9. If only the super-rich were the only ones impacted by this

Pension plans, both institutional and individual, are heavily invested in the stock market.

I'm far from rich, much less Super-Rich, and I have a stake in the market. My old age won't be supported by Social Security alone. There are many, many, many like me.

It's not weekend cocktails that are at stake here.

[Javaman]

10. Exaclty my point. :) thanks for seeing through the sarcasm. nt

[stepnw1f]

15. We Are In the Same Boat

I was just making a point that while we get hurt, they never feel it.

[The_Casual_Observer]

2. The last run up was a sucker rally.

The stock market is shit, the economy is bogus.

[BuyingThyme]

5. But if we average it all out, we're all doing better.

So what if the income of the bottom 99% is falling? This is a about averages, not anecdotes.

[mcscajun]

13. Yup...if you, me, and Bill Gates are in a bar, "On average" we're all

three of us billionaires.

:spray:

[MercutioATC]

16. That "sucker rally" showed 30%+ gains in some funds...

With returns like that, I'm happy to be a "sucker".

[The_Casual_Observer]

17. Wait long enough and it will all evaporate, until the next

sucker rally.

[MercutioATC]

18. Been riding the "sucker rallies" for years...it's called investing...

...and it's profitable.

There's no such thing as a "sucker rally". Markets go up, markets go down. If you're in for the long haul, it's very difficult to actually lose money. The long-term trend is always up.

[The_Casual_Observer]

19. Good luck

[MercutioATC]

20. Thanks. It's worked so far.

If I put my entire 401k in treasuries right now (lousy return), I'll still have enough to retire on schedule...when I'm 48.

My point is that markets fluctuate. It's not a "sucker rally" when they go up, it's economics.

[Skink]

6. The thirty year bear market begins now.

hold on tight.

[paparush]

7. "Hey, we've got a great economy. Those people are just unsettled..."

what a dope.

[spanone]

8. Hey, isn't the economy 'robust'? Why are most people I know in financial

pain? I believe financial news as much as I believe the war news. Bullshit.

[Javaman]

11. Remember part of robust is bust. ;) nt

[lpbk2713]

12. I just wish I could go to sleep

and wake up when it's 2009.

[mcscajun]

14. If I'm going to pick a year, can I please wake up in 1991?

There's a lot to be done back there, barring the Cassandra effect. :)