It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

Just in case you were thinking that it's you feeling worse than you've ever felt with respect to the current decline, it's not. It's the market. Year-to-date, this is now the worst decline in U.S. stock market history.

Comments

[Smarty_Pants:]

And we aren't "officially" in a recession yet!!

Yikes.

2008 Oct 08 03:04 PM

[AlexS:]

Well I feel better. Maybe.

2008 Oct 08 03:18 PM

[Umm, yeah:]

Wait, so you're saying that the 'Economy Isn't Fundamentally Strong'?

2008 Oct 08 03:22 PM

[Dividends A...:]

Its only fundamentally strong if you're running for President

2008 Oct 08 03:40 PM

[AlexS:]

The economy is fundamentally strong. The only problem is the bankers, the speculators, and the lawyers. Unfortunately I've just described Congress.

2008 Oct 08 03:47 PM

[anarchist:]

Ahhh, I love the smell of red ink in the morning........

2008 Oct 08 04:01 PM

[Vox Rationalis:]

This year is much, much worse than any of those mentioned. I didn't lose my shirt in those.

2008 Oct 08 06:14 PM

[Vox Rationalis:]

Most interesting to me is 2001-2.

December 31,2001 - October 8, 2001: -19.5%
October 8, 2001 - December 31, 2001: -0.3%
December 31, 2001 - October 8, 2002: -30.4%

Now THAT is scary.

2008 Oct 08 06:17 PM

[henarl:]

Buy positions with large dividends and sell covered calls.

2008 Oct 09 06:44 PM