Dow down 40 % from all time high

[lapfog_1]

of 14,164... ironically exactly 1 year ago today.

[whistle]

1. Wall Street write off the loss, Main Street is taxed to pay for the loss

...it all balances out...:hurts: dump-down economics

[Hubert Flottz]

2. Bubble Butt Bush's Bubble Burst!

The Deregulation Devil Made Him Do It!

Frivolous Deregulation Kills! Not even Allan Greedspin can save the GOP now.

[ITsec]

5. Wow.... I had trouble even reading that... much less trying to say it fast. n/t

[Warpy]

3. Yeah, I remember looking at my net worth then and laughing

"Who, ME? What a joke!"

Don't worry, this panic won't last long, either. It's just going to be a real chore getting it back up.

I have the advantage of growing up with parents who developed ice water in their veins whenever it either bubbled up or crashed.

[flamingdem]

4. Please spread that concept. It's too easy to capitulate

and then "they" win again. If you sell out now you'll miss the quick gains that characterize a bear market. Mom told me so!

[Kelvin Mace]

6. A couple of point

in no particular order:

1) If you use the Crash of '29 as a guide, the stock market will lose 88% of it's value before starting to recover. That would put the Dow at 1700. The last time the Dow was at 1700 was 1986.

2) Using the same model, recovery won't start until 2010

3) None of the bailout plans currently include regulatory remedies for what got us in this mess in the first place. We need to ban ALL further derivatives and ban bundling debt for resale. If you loan the money, you own the debt until it is paid off.

4) For every seller, there is a buyer. Things get really bad when people STOP buying.

5) Way more people have direct buy and sell capability over their stock portfolio than have ever before in history. A lot of this is emotionally driven.

6) When Warren Buffet coverts everything he owns to gold, the last train is leaving the station.