The silver lining in 3-4% daily declines*

[endarkenment]

You might think that we run out of Dow at some point. However if you think about it each day's 3-4% slice is a bit smaller than the previous days, and it always leaves 96-97% of what we laughingly call our 'retirement nest egg' or 'the kids college fund' intact. We never run out of Dow!

Isn't that great?

*credit to my pal Zeno for realizing this first.

[rucky]

1. I agree with you 3-4%!

[coalition_unwilling]

2. Better to call it the 'cubic zirconium' lining, I think. 3% here and 3%

there and pretty soon you're talking real money :)

[No DUplicitous DUpe]

3. "3-4% slice is a bit smaller than the previous days?"

3-4% is 3-4% does not matter how many points that is.

[endarkenment]

4. Uh no.

It is 3-4% of that day's starting Dow. If the Dow starts at 10,000, a 3% decline is 300 points. The next day the Dow starts at 9700 and a 3% decline is 291 points. Last time I looked 291 is smaller than 300. But more importantly, each day we still have a whopping 96-97% of value left to work with! We can sufferenjoy another 3-4% decline without any fear at all of running out of Dow!

[No DUplicitous DUpe]

5. Then you should head to Vegas....

...cause with your thinking, you'll never run out of money.