Dow 11351.97

[malaise]

-104.06

Oil $140.

[snappyturtle]

1. There are no words. This is too depressing. nt

[HereSince1628]

2. Just wait 20 years, it'll be a 24567.89 Why worry?

Care to join me down on the floor with a very bad bottle Scotch?

[ColbertWatcher]

9. Which? The price of a barrel of oil or the Dow? n/t

[pitohui]

11. the price of a barrel of oil, silly :-) EOM

/

[high density]

3. Yep, a 20% off sale

Buy while it's cheap!

[davidwparker]

6. that's one way to look at it. I have 20 years before I retire. My the Dems who

think they are (R)'s will get a belly full of it this time after their experience with the monkey.

[high density]

10. I have 40 years to go so that's the only way I feel I can look at it

...With the hope that 40 years from now the prices are no longer "on sale."

[MercutioATC]

15. I have less than 8 years...I'm all in T-bills.

They're not quite keeping up with inflation, but at least I'm only losing a net 1% or so...

[Submariner]

4. The repuke economy seems to have taken care of the baby boomer

401(k) problem. Couldn't let the boomers retire with a nest egg could they?

[TahitiNut]

5. Gotta love Smirk's "Ownership Society"

:puke:

[anigbrowl]

8. You know guys, Clinton presided over a mssive popular investment bubble in the 90s

I'm not endorsing Bush's economic policy, but he's not directly responsible for every downward tick of the stock market or economic problem we have, EVEN IF Republicans try to claim credit for any good economic news. Americans own more stocks than people of most other countries and that's not something that started with W.

Indeed, the largest liberalization of the financial markets took place in 1999 and was signed into law by Clinton, with bipartisan Congressional support. I personally think it might have been a good idea to veto it and send it back for further debate, but that didn't happen. Democrats will have more credibility and moral authority if we take ownership of our own role in economic change rather than blaming all negative results on the Republican party.

You can say that Clinton was in the pocket of the centrists or whatever but it's really not so unusual for governments to enact regulatory changes that have unforeseen effects and need adjustment down the line. As Truman said (I believe) 'We'll try our policies, and if they don't work we'll try something else'. There are plenty of examples of excess protection or over-regulation leading uncompetitiveness and corruption, too. If you had visited the Soviet Union during the Communist era, as I did, you wouldn't have been too impressed with the practical implementation of socialism. I'm not talking about the KGB and the fact that they had a gulag, but about how badly the shops were run and how shoddy the goods were. A no-ownership society has its own problems which are just as vexing.

[pitohui]

12. yes, stocks go up w. dems and down with pugs and your problem is?

clearly if we want to ever retire we can't tolerate much more of reagan/bush

[anigbrowl]

16. OK, oversimplify your way out of the problem. Lots of luck. /nt

[RUMMYisFROSTED]

7. With inflation...Chimp's Stock Market is in negative territory.

:wow:

[spanone]

13. that's about where it was when junior took office....good job georgie

[Blue_In_AK]

14. It sucks for us retirees...

I'm so glad we took our IRAs out of the stock market several months ago. The $$ are just kind of sitting around right now, but that's better than losing, for sure, when you don't have time to wait for it to come back up. .