In context, the market bottom after 9/11 was 7528 down from 9601 on 9/10, a loss of 22% The loss on Black Monday in 1987 was also around 22% in the US, but much worst world-wide The current loss in value since the peak of 14,066 last October is around 27%. In 1929 crash, the market lost 30% of value over 3 days, then continued to slide until it has lost roughly 90% of it's value by July, 1932.
I suspect the government will suspend trading over the next few days so they can regroup and figure out what to do next. With T-Bills as low as they are, I don't expect a run on the funds. Nowhere to put the money, and if you don't reinvest you incur capital gains tax at 28%, which is greater than percentage that prices dropped. And as strange as it sounds, several of the mutual funds in my IRA actually had gains today. On Mon, Sep 29, 2008 at 8:44 PM, Gruss Gott <[EMAIL PROTECTED]> wrote: >> gg wrote: >>> Erika wrote: >>> Geezuz. I didnt realize we had all these billions of dollars laying around >> We don't. >> >> Now - I don't want to be a chicken little here, but if we don't start >> managing our economy responsibly we're bound for some type of economic >> crisis. >> > > Oh. And if the shit is really going to hit the fan. And I'm talking > about REALLY HITTING THE FAN . . . tomorrow could be the day. > > With the SEC banning short-selling until Thursday (but maybe longer), > a lot of rich folk are getting nervous their hedges won't have a path > to activate. > > Tomorrow they'll be eligible to put in their orders to pull their > money out of those funds. > > If many of them do, and they do it in big numbers . . . > > Whoa. > > WHOA. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:271495 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
